Remove Cargo Remove Inventory Remove Procurement Solutions Remove South Korea
article thumbnail

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items.

Insiders

Sign Up for our Newsletter

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

article thumbnail

This Week in Logistics News (June 11 – 17)

Logistics Viewpoints

The most important factors influencing Father’s Day purchases are “finding a gift that is unique or different” (44 percent) and “finding a gift that creates a special memory” (37 percent). Truckers strike in Korea roils shipments from steel to autos. Overstock is ready to take advantage of inventory glut.

article thumbnail

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

article thumbnail

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

It started in 1969 as DHL Air Cargo, and by the late 1970s, the company had expanded its operations and offered services throughout the world. The company has operations in more than 40 countries and specializes in integrating different modes of transport in logistics solutions. Nippon Express owns more than 31.7 Jacobs in 2011.