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The Internet of Things in the Supply Chain

Enterra Insights

… Traditionally, inventory counts [have been] a complex exercise done manually about once a year but RFID technology enables retailers to monitor stock monthly bringing accuracy from 60% to over 90%.” 2] Staff, “ IOT Supply Chain Tools (Internet of Things) ,” ModusLink Blog, 9 March 2022. [3]

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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

Thomson Reuters purchased the global trade compliance vendor Integration Point in 2018. In April of 2022, British American Tobacco, headquartered in the UK, agreed to pay $508 million in fines for selling their products to North Korea. The Finance Department Tariffs are a form of taxes. This adversely affects a company’s cash flow.

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Blockchain for Supply Chain: A Comprehensive Guide for Businesses

SCMDOJO

The use of complex technologies in managing inventory, transportation, trade, and other supply chain activities has been evolving for ages. They collaborated to trace a bundle of sliced mangoes back to its source, with traditional paper documents taking nearly seven days to complete the task.

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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. Prior to 2018, when an ocean carrier booked a shipment they had to provide a chassis. Get Good at Inventory Management. We are awash in a sea of self-interest.

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Medical Device Manufacturing in 2021 – The 3 Key Challenges

Unleashed

As of June 2020 enforcement of UDI legislation has been delayed for some classes of medical device until 2022 due to Covid-19 disruptions. Medical device manufacturers and distributors – whether they’re selling tongue depressors or sophisticated diagnostic machinery – need robust and well-documented quality management systems in place.

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Reverse Logistics: What is it, and Why is it So Important?

Unleashed

Read more: The 10 inventory management trends to watch for in 2022 Reverse logistics is another name for a backwards supply chain What steps make up the reverse logistics process? In a 2018 survey of 1000 shoppers , 89% said they have bought an item online and returned it. Consumers are shopping online more and more.

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10 Ways IoT Can Improve Supply Chains

IQMS

in 2022, achieving a 10.7% Blockchain shows potential for increasing the speed, scale, and visibility of supply chains, eliminating counterfeit-goods transactions while also improving batching, routing and inventory control. The Supply Chain Management enterprise software market is growing from $12.2B in 2017 to $20.4B