You can’t miss the proliferation of green businesses on every level from small operators that avoids outsourcing in favor of local artisans, to big brands like Nike that promise to reduce their carbon footprint and improve working conditions for their employees. Going green is a great initiative: it helps to save the environment, and it makes customers feel good about their purchases while ensuring the local community is rewarded for their work.
Inventory rich is a condition enjoyed by many retailers, manufacturers, and wholesalers. Much of this is due to systemic inventory. And the condition is becoming more significant as firms deal with the differing demands of omnichannel and with the accelerating requirements of lean for supply chain stakeholders. The challenge is compounded for companies that source and/or manufacture globally with their large supply chains.
Many shippers believe they’ve already negotiated the best possible shipping rates. To be bold, they are wrong. The same way Cam Newton was wrong when he spent most of Super Bowl 50 on his back, thanks to Von Miller and the incredible Denver Broncos defense. The dangers of the “I’ve already won” mentality can blind-side the best of us. Whether it’s a competitive football game or negotiating your agreement with FedEx or UPS, complacency stunts growth, kills progress and—often times—moves us backwards. Continue reading to learn about the line-of-scrimmage to carrier contract negotiations and how shippers can develop their own playbook for steady forward progress.
What exactly is the Internet of Things? Even a quick perusal will convince you that the Internet of Things is going to mean different things to different people. For example, for the home owner it will mean more convenience, better efficiency, and increased safety. For manufacturers it will mean smoother operations, better quality, and increased profits. For the health industry, it will mean better care, improved diagnoses, and decreased hospital readmissions. You get the point. The infographic does note that the IoT is made up of three components: sensors; connectivity; and people & processes.
In the aftermath of a natural disaster such as a hurricane, the speedy replenishment of housing stock that was damaged or destroyed in the storm is critical to the recovery of stricken communities. A model being developed by the Zaragoza Logistics Center takes a novel approach to the rebuilding of storm-ravaged neighborhoods by framing the process as a supply chain challenge.
Supply chains are basically systems that source raw materials and components, transform them into finished products, and deliver these products to end customers. This is analogous to the way post-storm recovery programs operate. Hurricane victims who have lost their homes are “customers” who urgently need finished products in the form of housing.
Logistics plays a leading role in the supply chain management. What happens behind the curtain is as much important as what goes on in front of customers. In fact, every product has a story to tell. Speaking of goods, the transportation process is the bridge between the place of production and the place of consumption. In this regard, the strong demand in fleet management has led to high efficiency of the transport means. A good performance in the carriage of products can make the difference on the road to success. At this point, here you will find statistics, news, pros and cons and fun facts about transportation of goods.
The days of impressing consumers with targeted marketing based solely on demographics are in the past. Marketing in 2016 is about treating your audience as fans, not customers. We found that 63 percent of people wish brands treated them like a friend instead of a consumer, so it’s important to understand the attitudinal and behavioral nuances of groups in order to do that well, and connect in a more intimate way.
Companies like these have invested heavily in machine learning technology from the moment they were founded. Vigilantly gathered data is constantly fed into algorithms that drive the delivery of highly targeted content, emails and even phone conversations to consumers. For these companies, machine learning is a strategic asset that’s absolutely core to their business.
What if the supply chain community could emulate the “Internet world” and create a universal, open logistics network that is economically, environmentally, and socially efficient and sustainable? Such a concept exists, and it’s called the Physical Internet. Today the Physical Internet is a vision for an end-to-end global logistic network, but there are plans to turn it into a reality by 2050.
Many CFOs deploy Big Data analytics to drive out supply chain costs, and often they’re rewarded on that metric. Believe me, I love cost-cutting as much as the next CFO. But there’s a point of diminishing returns: If you drive your costs down to zero, your revenue could be zero, too. Cost-cutting techniques such as using sole-source suppliers, lowest-cost providers, and plants in countries where labor is cheapest can be recipes for disaster. As your supply chain costs fall, your risk can soar.