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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Increasingly, forecasts are being improved by leveraging outside data sources rather than merely relying on a company’s internal historical shipment data.

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This Week in Logistics News (January 7 – 13)

Logistics Viewpoints

He has lost approximately $182 billion since November 2021, as estimated by Forbes, although other sources suggest that it could actually be closer to $200 billion. Frozen dairy manufacturers reduce packaging footprint. Elon Musk has officially broken the world record for the largest loss of personal fortune in history.

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Driver Shortage, Driverless Vehicles, and Other Supply Chain Curiosities

Logistics Viewpoints

As driver pay increases, so does the incidence of drivers jumping ship, switching companies for the next best payday. There will still be a workforce needed to maintain those driverless vehicles or costs associated with maintenance done by the manufacturer or a 3rd party. In a word, it’s data.

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Reverse Logistics – What Happens to Stuff We Return?

Operations and Supply Chain Management

Brick-and-mortar stores also allow shoppers to return unwanted purchases. Dale Rogers, a business professor at Arizona State, gave a presentation with his son Zachary Rogers, a business professor at Colorado State, during which they said that winter-holiday returns in the United States are now worth more than $300 billion a year.

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

GlobalTranz

Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model. No Purchase Orders were used.

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Beer Marketing Strategies in a Global Pandemic and the Best 5 Tactics Heading into 2021

Unleashed

It ensures consistent repeat purchases over time, regardless of price, convenience or even a global pandemic. Marketing campaigns largely focussed on mate-ship and camaraderie. This initiative invited any brewer to use the open-source beer recipe, artwork and name to sell beer. An apt example is Corona beer.

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3 Logistics Technology Trends in 2016: Automation Leads the Way

GlobalTranz

Innovations in technology are changing how the world does business, and technology is dramatically changing how entities in the logistics industry function in nearly every aspect. Now, it's easy to think of technology as being a manufacturer-only realm. Then, Amazon purchased Kiva , and they vanished.