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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

The Russian invasion of Ukraine and the following economic sanctions spiked energy prices and created new sourcing challenges for certain agricultural products and raw materials. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

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The State of the Trucking Market in 2021

GlobalTranz

Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.? Such congestion naturally leads to bottlenecks in planning drayage and eventual increases in the total cost of shipping, not to mention an added strain on trucking as the bottlenecks grow.? According to the?

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Improved Supply Chain Visibility Requires an End-to-End Solutions

Logistics Viewpoints

These disruptions have driven up prices and led to shortages of goods. The world’s fleet consists of approximately 6,000 ships. These ships carried nearly 150 million twenty-foot equivalent units (TEUs) of containers last year. At the end of April, over 500 ships were awaiting berthing space at Chinese docks.

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What is Order Processing? How it Works & Key Methods

Unleashed

It’s the journey that order takes from the second they click ‘Buy’ to the moment all the goods are delivered to your customer’s doorstep. Once confirmed, the ordered items are picked from your inventory, sorted, packed, and shipped to the customer. Shipping: The order is handed over to a delivery service.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Adequate cross training is not occurring fast enough to fill the gap. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Suppliers can then use your forecast to refine their own production and procurement plans. Stay Agile, Get Ahead.

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Your Guide to Understanding & Minimizing Inventory Costs (with Formula)

RFgen

To start with, inventory costs go beyond the initial purchase price of goods. Hidden costs may accumulate after purchase if not meticulously monitored and managed. Even the initial purchase of inventory triggers a cascade of additional expenses, like shipping, handling, taxes, and so on.

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15 Types of Manufacturing Software (+ Who Benefits from Each)

Unleashed

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What type of business is this software suited to?