Remove Cargo Remove Inventory Remove Just-in-Time Remove Manufacturing
article thumbnail

Better Inventory Management Requires International Suppliers To Step Up to Digital Transformation and Collaboration

Logistics Viewpoints

Just last year many were chartering their own cargo ships to get all these goods to their destinations.) While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. All aboard.

article thumbnail

AI-Tuned Pricing and Inventory Strategies are the Way Forward for Retailers

Supply Chain Brain

By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. During the COVID-19 pandemic, companies became much more agile in action and thinking, Petro observes. And that’s a great skill set to have.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How a 3PL Can Strengthen Your Supply Chain Resilience

GlobalTranz

Building a resilient supply chain isn't just a best practice anymore — it's a business imperative. But with that affordability comes a tradeoff: more frequent handling, longer transit times and an increased risk of damage. But that speed comes at a cost — and not just financially. Tariff swings.

3PL 156
article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

In some sort or another, Punxsutawney Phil has been predicting the weather since 1890, and let’s just say that his record is iffy at best. ” I assume that Phil tries to ignore the pomp and circumstance of how his shadow would determine the upcoming weather pattern, and just wants more sleep (like the rest of us on a cold winter’s day).

article thumbnail

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. As ports become more congested, lead time variability increases. As I rolled holiday cookies in my hands, I watched TV. As I watched, I shook my head. I am worried.

article thumbnail

Mathematical Optimization: Supply Chain Management by the Numbers

Supply Chain Brain

A lot of people overuse the term, just to say ‘I made something better,’” says Jerry Yurchisin, senior data science strategist with Gurobi , provider of a prescriptive analytics software platform built on decision intelligence technology. Bowman, SupplyChainBrain Supply chains consist of imperfect humans struggling to make perfect decisions.

article thumbnail

How Shipping Containers Revolutionized the Supply Chain Industry!

Supply Chain Game Changer

More than just a Box! A trucking entrepreneur, Malcolm McLean recognized the inefficiencies of traditional cargo handling methods and saw an opportunity for innovation. By standardizing container sizes, typically 20 or 40 feet in length, he introduced a level of uniformity that revolutionized cargo handling.