The trading industry has grown over the years in different areas of the business world, especially in how it affected the online community’s ability to market different products. The importing and exporting business is still the most lucrative industry anyone could venture into.
Aside from the full range of goods to choose from, playing a critical role as an importer/exporter can help you generate anywhere from a few thousand to millions of dollars monthly in revenue.
Last week, the Wall Street Journal reported that in 2017 total spending on logistics in the US rose to a record $1.5 trillion, up 6.2% from the year before. What’s more, the costs of warehousing, fulfillment and delivery are expected to keep rising in the upcoming year. This is why the biggest players in the market are investing in cutting edge warehouses and technology.
Here are 4 amazing examples of beautiful warehouse operations in which the latest technologies are helping ecommerce giants handle record volumes of parcels faster and more efficiently than ever before.
It’s been a tremendous start to our second year at Supply Chain Game Changer. Our goal has always been to share experiences and expertise, including our 2018 Top 10 list. In the first half of 2018 our readership continued to grow substantially over our first year, 2017. And we were selected as one of the Top 25 Procurement blogs in the world.
In 2018 we added video content and introduced our “Seasoned Leadership in Action” Interview series. For the purpose of this Top 10 List we have excluded all “Seasoned Leadership in Action” articles as we are not trying to promote a popularity contest amongst individuals. That being said the response to the Interview series has been absolutely outstanding.
We also continued to add more and more Guest posts provided by industry leaders. We have 17 new Guest contributors so far in 2018 on top of the outstanding roster of contributors who started with us in 2017.
As we end the first 6 months of 2018 we wanted to publish our Top 10 List, so far.
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There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. That may seem like a cliché, or hype, or buzz, but it is true.
The tech is fundamentally changing the way packages move around the world, from predictive analytics to autonomous vehicles and robotics. Here are the top five ways in which Artificial Intelligence is transforming the logistics industry as we know it:
As we come to the end of our 3rd year here at Supply Chain Game Changer it is time to publish our semi-annual 2019 Top 10 List.
First we want to thank our readers. Our audience and reach continues to expand with Supply Changer now being ranked as one of the Top 20 Supply Chain blogs in the world and one of the Top 15 Procurement blogs in the world. Both are record achievements for us.
Second we want to thank our guest contributors. With dozens of writers and articles we continue to fulfill our vision of sharing expertise and experience from all over the world.
We thank you for your ongoing support and ask you to continue to spread the word about Supply Chain Game Changer. There is truly something of value for everyone no matter what challenge you are facing each and every day.
Here we present our Top 10 list for the second half of 2019. Enjoy!
Anywhere you go anywhere in the world you will find truck drivers delivering goods. Roads and highways are filled with trucks of all shapes sizes. Tractor trailers of all configurations are everywhere on the roads.
If you are driving a car you may be annoyed by all of these trucks. Or if you are an environmentalist you may be concerned by the fuel consumption of these behemoths.
But the reality is that these truck drivers are the backbone of our societies and our economies. They deliver the goods that we need to live the lives that we enjoy. Without them the economy would stop and life as we know it would not be the same.
Truck drivers are truly the unsung heroes of the Supply Chain!
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 Bronwen Hann, President at Argentus.
Free shipping is an effective but sometimes costly sales tool. Is it possible for companies to achieve profitable free shipping?
Case studies show that free shipping increases sales, order volume, and conversion rate. Since 60% of shoppers prioritize free shipping and 81% research multiple websites before purchasing, this perk can be the determining factor between someone buying from you or your competitor.
He’s only one and a half years old and is already, now, rather well trained. Sure, he has an occasional hiccup and puts his paws on a friend from over excitement, or pulls on the leash a bit too much as we approach the lake. But, all in all, my girlfriend and I (mainly her) have done a pretty solid job raising him.
Then again, we didn’t approach this whole dog ownership business with a ‘wilyl-nilly’ mindset.
In going door to door trying to sell a Freight Management service, as well as in my experience working in companies, I have had the opportunity to see a variety of ways in which companies, large and small, were managing their Freight and Logistics spend.
Most everyone felt they were doing a good job already. But I’ve seen instances where Freight is one of the top 5 largest expenses within a company. Yet it is managed by one or two people, with no support, and no visibility from upper management.
Depending on the industry your transportation spend can make up anywhere from 1-10% of your company’s total revenue. Aside from the cost impact the service implications of a poor Freight management system are enormous.
So do you have a strategy for managing Freight and Logistics or are you spinning your wheels?
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 at Supply Chain Game Changer. This interview is with John Heffernan, Chief Supply Chain Officer at ModusLink.
I met John on my first day at ModusLink. He was presenting to the Board of Directors. John was one of the Global Operations Executives for the company. He had complete command of his facts, situation, direction and strategy. He was so knowledgable that his expertise and experience came shining through in everything that he said.
As John and I continued to work together we knew that we needed to make serious, game changing improvements around the world. John and I continued to positively challenge and build on each other’s ideas and thinking. This culminated in the deployment of a phenomenal program and the achievement of world class, industry leading results. We raised each other’s game to the benefit of all!
Understanding last mile logistics is only half the battle. Shippers need to reevaluate their existing last mile logistics processes and devise an effective last mile delivery logistics strategy that aligns consumer and business expectation.
This is the only way shippers can safeguard their position in the market and continue to provide products to their consumers. In fact, an effective last mile logistics strategy must consider these nine key points.
The Supply Chain touches all of our lives whether it be in business or personally. No matter what industry you are in or are touched by, all involve the movement of goods, services, and information. So the most efficient functioning of the Supply Chain affects us all. And it affects us in every aspect of our lives whether we are consumers, employees, or business leaders.
With a career spent in Supply Chain I’ve seen many ways of performing the processes involved in managing the Supply Chain. Many of these processes are highly efficient. Yet many more are highly inefficient. Regardless, everyone strives to improve the way things are done. And every experience has been an opportunity for growth.
In this blog I’d like to share my experiences, and those of others, in improving, working in, managing in and being managed by the Supply Chain.
There have been some remarkable achievements and there have been some missteps along the way. However there are lessons to be learned and experiences to be shared in every case. And I hope that this learning and shared experience will be of value as you seek to improve the Supply Chain you are a part of.
On top of that we want to share anything and everything related to Leadership, Change Management, Technology, Procurement, Purchasing, Distribution, Logistics, and much, much more.
Overall Supply Chain Game Changer can serve you as a guide as you do your jobs and as you progress through your career. The issues and challenges that you face will be different for everyone on any given day. There is something for everyone in Supply Chain Game Changer.
Additionally I invite you to comment and send me content. By learning, not only from successes but from failures, we will all be better going forward. There is a wonderful world of people and experiences that we can all learn from.
So again I welcome you to the Supply Chain Game Changer™ blog.