We stand at the cusp of some interesting new possibilities for business. As such, we can expect some potentially drastic changes, and with them the need for smart solutions. We’ll take a look at a handful of the major challenges facing supply chain over the next half-decade, and how the industry is approaching these.
It can sometimes feel as though our commercial landscape is in a constant state of flux. Whether due to frequent changes in technology, attitudes of consumers, or shifts in working practices, this can breed both an exciting sense of competition, as well as uncertainty. Supply chain managers are often at the forefront of these developments.
The transportation & logistics industry found new ways to have touchless fulfillment and shipping during this pandemic. We reside in truly strange times. If some say in the past that 5+ billion people would be during a complete lockdown in fear of a deadly virus, someone would have probably laughed at the overall idea.
But here we are, 8 months after the discovery of the COVID-19 virus in Wuhan, a global pandemic. With global cases having crossed 20 million, proactive and reliable methods are required for businesses to survive during this post-lockdown era.
It’s certainly been an interesting past few months in the container shipping industry; from the upcoming IMO 2020 Low Sulphur Fuel requirements, Brexit (Yikes!), US-China tariff negotiations; it’s refreshing to get back to basics and talk about the container industry.
However, today the container business seems to be more logistical than purely shipping.
Creating a Responsive Supply Chain in advance of the peak shopping season is a no-brainer. While the season is usually described as the time between Thanksgiving and Christmas, responsive processes have a lasting effect.
A Responsive Supply Chain offers greater flexibility with labor management, streamlines warehouse operations, reduces dock constraints, and much more. Managing the balance between peaks and lulls is essential, and supply chain leaders are starting to focus more on building responsive, proactive strategies well in advance of the peak holiday shopping season.
As noted by Inbound Logistics, “Many manufacturers start assembling products, mapping out product specs to determine capacity needs, and working with their transportation and distribution partners on reliable and cost-effective logistics solutions up to six months in advance.”
As e-commerce has grown in popularity, so has international shipping. Since this new system allows you to buy goods from other countries, you must know all about international shipping, from what to expect when shipping from another country to avoiding fraud.
Shipping overseas can be a lengthy process that necessitates knowledge of what you’re doing to avoid scams, as most of it is done over the internet.
So, here are the 10 things to know about international shipping:
The company was new to the general merchandising business. As such the Category Managers were going wild with ideas on how to expand their product assortments and procuring new and interesting products to sell.
But unfortunately their zeal did not come with a thorough understanding of the Supply Chain implications of their decisions.
This all came to a head when they had placed orders for a large number of oversized items, including those giant stuffed teddy bears. You know the kind. The giant stuffed animals that are anywhere from 5 feet to 8 feet tall, like you find at Costco.
What followed was a disaster in terms of cost and customer satisfaction.
It’s never been easier for food companies and food industry to reach their customers. Restaurant delivery has grown 20% in the last five years; while estimates differ, online food delivery sales are estimated to grow as high as $220 billion by 2023 – 40% of total restaurant sales.
Online grocery may lag behind restaurants in online delivery adoption, but it’s definitely growing. Deutsche Bank estimates that the $24 billion online grocery market will surge to 120$ billion by 2025.
One reason for this growth is the recent proliferation of delivery models and fleet types: same hour, same day and next day delivery; single fleet, multi-fleet, crowdsourced fleets and in-house fleets; deliver from store, curbside pickup, delivery from robotic warehouses, and so many others.
The subject of logistics is not one that often reaches the uppermost levels of business media headlines. But, in the current international atmosphere of supply chain troubles and widespread shipping congestion, the topic is a timely one.
One result of the current surge in interest in logistics includes potential solutions and workarounds for all the latest snafus, blockages, holdups, and delays in the movement of huge amounts of goods across oceans. What are the most cost-efficient techniques for beating the shipping logjam at its own game?
Are you considering or undergoing a factory relocation?
Anyone who has done it knows that it’s no easy task, and anyone who’s thought about it probably knows that it’s daunting to even consider. After all, these are just a few of the factors to take into account when relocating:
Finding the right facility
Breaking down, moving, and re-installing machinery and equipment
Penetrating a new market and customer base
Despite those challenges, the benefits of relocating your factory can be numerous and far-reaching. In fact, many of those perceived hurdles offer benefits, when done properly and approached with the right mindset.
In this piece, we’ll expound on the benefits of relocating your factory, as well as ways to make it easier once you start the process.
According to a recent survey conducted by Forbes Insights, 65% of logistics, supply chain and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand. through digital transformation.
In fact, 72% of enterprises involved in planning, executing and monitoring the flow of products from the point of origin to the point of consumption consider improved customer experience the key benefit of business transformation.
The path to increased operational efficiency and customer satisfaction lies in the digitalization of logistics workflows.
At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series. This interview is with La Chang, CEO at Think Global Logistics (TGL), an international freight forwarding company.
Since the inception of Supply Chain Game Changer our mission has been to share experiences and expertise for the benefit of everyone. One of the supporters of Supply Chain Game Changer has been La Chang and his team at TGL.