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This Week in Logistics News (October 1 – 7)

Logistics Viewpoints

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Most reported in-store, e-commerce, and omni-channel fraud are all on the rise.

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Reports of Easing Global Supply Chain Volatility in July

Supply Chain Matters

The overall takeaway from the July data was that global production momentum had begun to stagnate and in some regions such as the Eurozone, Taiwan, and to some extent , certain manufacturing regions of China, PMI values had reached contraction levels. . This index was reported as 1.84 reported for June, and 2.59

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The Backorder, April 10 2024

Unleashed

The Guardian reports that the Victoria Unboxed project will hope to eliminate invisible waste from supply chains by replacing cardboard produce boxes with reusable plastic crates. US manufacturing activity expands for first time since 2022. The latest ISM Manufacturing PMI report registered an unexpectedly high 50.3%

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This Week in Logistics News (May 27 – June 2)

Logistics Viewpoints

And now on to this week’s logistics news. manufacturers re-evaluating their reliance on China. manufacturers re-evaluating their reliance on China. and raided the Beijing offices of Mintz Group, a due-diligence firm based in New York. semiconductor company Micron Technology, citing national-security risks.

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Surviving an Economic Downturn in the Retail Sector

Enterra Insights

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. Customers are in control, and retailers who fail to accurately predict demand are doomed to fail.”

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Learning to Speak the Language of Demand

Supply Chain Shaman

The first step to making the shift is learning a new language. In companies, there is no standard model for demand processes. New forms of analytics make new capabilities possible. To become demand driven (or market driven), they need to learn how to speak a new language. It is evolving. Independent Demand.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Analytical procedures Doing analytical procedures during inventory audits involves comparing gross margins, inventory turnover ratio , and/or unit costs of inventory with previous years. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.