The rapidly-changing global economy means there are constant learning curves for those in supply chain management to overcome. To successfully manage supply chains, finding relevant and effective solutions has become more important than ever.
With the information gathered from weather stations, real-time news, and historical weather data; forecasting models and machine-learning algorithms provide location-specific data about impacts of weather events. This creates opportunities for supply chain companies to make decisions informed by weather insights.
In the field of logistics and supply chain management, track and trace is a process of collecting various information on an item or property. Because visibility is one of the most important features in the industry, track and trace technology that allows full visibility and control will play a critical role in meeting companies’ financial goals.
Today’s economy has been heavily affected by the explosive growth of e-commerce over the past few years, creating a phenomenon known as the “Amazon Effect.” The “Amazon Effect” is an ongoing evolution and disruption to the business models of many industries caused by the change in customer expectations and shopping patterns.
Automation in the logistics industry will play an increasingly important role in helping all processes to run smoothly in less time with less labor. The valuable human resources can then be allocated to focus on tasks that require human skills such as building relationships and decision-making, which drive value for the entire business.
With today’s intricate and complex nature of the global supply chain, many cross-border shippers are often experiencing a wide range of challenges. To turn the challenges into their competitive advantage, cross-border shippers must analyze the current issues that are affecting their supply chain, adhere to all regulations and requirements, and capitalize on more efficient supply chain strategies.
TMS stands for Transportation Management System: a system to control and audit the transportation movements in a supply chain, as well as the resource planning of an organization. TMS can help companies save time and resources by integrating many parts of transportation operations into one complete system. Ted Bowley, Director of Logistics Services at Carter Logistics, provides insights and recommendations on TMS.
Near-sourcing – a business moving its operations closer to where its end products are sold – is a growing trend as well as a strategy in the supply chain industry today. We can credit several factors for the increasing popularity of near-sourcing.
Logistics capacity shortage has been a global phenomenon for years, and it is affecting everyone in the supply chain including retailers, distributors, suppliers, and manufacturers.
Legal hour requirements for commercial truck driving have an impact on your supply chain efficiency. Here are some ways that the driving requirements differ between Mexico and the US.