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Only as Good as Your Data: Why Supply Chain Digital Twins Require Real-Time Data Unification

ToolsGroup

With the advent of true “single source of truth” inventory visibility , a digital twin is a more feasible goal than ever before. They ingest information like transportation plans or shipment delays and model the implications of unexpected events. Get the insights you need. Big, clunky, siloed, and out-of-date data.

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The Essential List of Logistics Acronyms and Abbreviations for Retailers

Locus

trillion by 2026, surpassing the current GDP of all European Union member states combined. FTL – Full Truck Load Full truckload (FTL) shipping involves using the entire space of a truck to transport goods from one place to another, typically for large quantities that fill the entire truck.

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The Quietly Growing Conundrum of Online Returns

Logistics Viewpoints

As online shopping continues to grow – retail e-commerce sales are expected to make up nearly a quarter of total retail sales worldwide by 2026 – returns will become more prevalent. The process is inefficient and unpredictable, and leaves retailers with used inventory that oftentimes cannot be resold. In the U.S,

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This Week in Logistics News (March 16 – 22)

Logistics Viewpoints

The CFC, which consists of transportation stakeholders across the trucking and motorcoach industries, says that policymakers must address these cost concerns and infrastructure hurdles to make an electrified supply chain function smoothly for the American economy.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Accenture ).

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Five Advanced Technologies That Are Revolutionizing Logistics

Logistics Viewpoints

With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. The energy crisis in China and the European conflict are bringing additional chaos in the form of production shutdowns, raw material shortages and blocked shipping lanes.

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This Week in Logistics News (May 28 – June 3)

Logistics Viewpoints

Shipping companies added capacity, but now containers are stuck in port. During the peak of port congestion in 2021, as many as 30 ships were waiting to enter an Oakland berth. Shipping’s peak season usually starts at the end of June when importers begin ordering products for the back-to-school and holiday seasons.