Pharma companies will increasingly take cues from retail and consumer goods….why?

The Network Effect

If you want to know ahead of time the changes awaiting the pharmaceuticals supply chain it is useful to extrapolate experiences from the consumer and retail sectors, which were dealing with the same trends and pressures long before pharmaceuticals (for example, the proliferation of distribution channels). The post Pharma companies will increasingly take cues from retail and consumer goods… why?

Does your supply chain hear the change coming?

Kinaxis

This means a shift from retail store-based supply chains to a more dynamic personalized one, based on the consumers. Traditional calendar-based sales and operations planning (S&OP) is blown out of the water, as there will always be the requirement to adapt to what consumers want. The reasonable forecast and predictability of consumer shopping habits is not straightforward any longer. Supply chain management consumer goods supply chain CPG supply chain

Insiders

Sign Up for our Newsletter

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

More Stories from the Consumer Goods to Retail Supply Chain Fron

Supply Chain Digest

Lots more Chargeback Oddities, and Insights on Doing Vendor Drop Shipping Well

Consumer Goods Boost Van Rates in Northeast

DAT Solutions

But even though van volumes were down, rates went up in Northeast, spurred by retail trade and consumer goods moving into place for Amazon’s Prime Day sales. That’s a strong sign for consumer goods, since those markets contain warehousing and distribution centers that serve the highest concentration of people in the country. Lanes shipping into the Northeast were also up: Rates on the lane from Charlotte to Buffalo rose 21¢ to $2.92/mile.

How to Track Your Ocean Container with IoT

Roambee

Shipping overseas often means no continuous visibility beyond the port. If you ship overseas often, you’re probably familiar with the difficulty of tracking ocean shipments. Your containers become harder to trace once they leave a port, and if one of them doesn’t reach its intended destination, you usually have little more than a vague idea or delayed updates about where it went, and how.

Inventory and forecast data from retailers: After your product ships (Part 2)

Alloy

It’s a very useful number that can itself signal action needs to be taken, such as if Units on Hand drops to zero, indicating a location is out-of-stock and additional product should be ordered or shipped. Units in Transit Units in Transit refers to the number of units that have been shipped and are en route to their destination, such as from your warehouse to a retailer’s DC, or from a retailer’s DC to a store. analytics data retail supply-chain consumer-goods

DC 40

Why Collect Shipping Doesn’t Work for CPG Brands

Zipline Logistics

Collect shipping or customer pick-up (CPU) delivery options are an often promising solution for brands working with large, nationwide retailers. . What is Collect Shipping or Customer Pick-Up Pricing?? . Collect Shipping and Loss of Supply Chain Control .

3 Best Practices to Improve Your Flatbed Shipping Performance

CH Robinson Transportfolio

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. When it comes to flatbed shipping, each industry faces unique challenges in seasonality, regulation, competition, and scalability.

Shared Supply Chain Control Towers: Key Features and Considerations

Alloy

That increase translates to higher Cost of Goods Sold for the manufacturer, so while they may have reduced working capital, they are paying for it in another way. As a result, companies implementing shared supply chain control towers have realized benefits ranging from faster crisis response to elevated supplier relationships to reductions in expedited shipping costs and inventory carrying costs. consumer-goods supply-chain analytics manufacturing operations

Short Case: Aborn & Co. works for Japanese Multinational Consumer Goods company to reduce transportation costs by $30M

Aborn and Co.

Situation: Headquartered in San Diego, the client is a leading provider of consumer audio/video electronics and information technology products for the consumer and professional markets. Further, the client shipped a tremendous amount of high value product that was susceptible to theft.

Hanjin Shipping Bankruptcy

3PL Insights

Global Shipping Effects of the Hanjin Bankruptcy. Hanjin Shipping, a South Korean company and the seventh largest container shipper in the world, filed for bankruptcy on Wednesday, August 31, 2016, which has prompted significant questions and confusion around the world as to how this will affect global shipping. So how will this affect the global shipping and trade markets? Shipping prices have jumped — though it is likely temporary.

Top 5 reasons shipping rates are changing & what to expect

CargoBarn

Although there are several factors shifting the costs of shipping we will focus on the TOP 5 REASONS SHIPPING RATES ARE CHANGING & WHAT TO EXPECT. To attract new truckers, businesses are increasing pay and benefits, further raising shipping rates. Amazon.com has become the gold standard for rating the quality of supply chains worldwide, consumers expect to get their products delivered within two or three days. How you can ease the burden of shipping rates? .

Latest NMFC Changes Set to Take Effect on December 19

Zipline Logistics

Consumer goods manufacturers should be prepared for the final NMFC updates of 2020. Vendors should be aware of these changes and how they could reshape their shipping operations. Drawing Instruments, Optical Goods or Scientific Instruments Group.

Is There a Faster Way to Load and Unload Container Ships?

Supply Chain Game Changer

Shipping Containers! Container ships article written for Supply Chain Game Changer by Mike Jakubowski. Over the years, the explosion of trade around the world has resulted in the expansion of the infrastructure required to move goods around the world. Of course, you have to assume that in either case your goods will arrive safely, but any part of the logistics chain that can’t handle the freight without damage won’t stay in business for long. Subscribe Here!

Study 55

Trucking Market Q1 Update and 2021 Freight Outlook

Zipline Logistics

Q1 is historically a slow trucking period, but that may not be the case this year as online ordering, and the shift into consumer goods has buoyed freight volume. This money went to consumer goods, household items, and other items tailored to a more home-based lifestyle in 2020.

Do Freight Shipping Prices Vary by State?

Freight Center

Several factors can impact the cost of freight shipping, including your shipment’s weight, dimensions and any special handling requirements, such as temperature or shape. Additionally, you may notice that the cost of your shipment changes depending on which state you are shipping to or from. Yes indeed, freight shipping prices do vary by state. One important factor to note is that most carriers are not national, meaning they only ship within a region.

Do Freight Shipping Prices Vary by State?

Freight Center

Several factors can impact the cost of freight shipping, including your shipment’s weight, dimensions and any special handling requirements, such as temperature or shape. Additionally, you may notice that the cost of your shipment changes depending on which state you are shipping to or from. Yes indeed, freight shipping prices do vary by state. One important factor to note is that most carriers are not national, meaning they only ship within a region.

Do Freight Shipping Prices Vary by State?

Freight Center

Several factors can impact the cost of freight shipping, including your shipment’s weight, dimensions and any special handling requirements, such as temperature or shape. Additionally, you may notice that the cost of your shipment changes depending on which state you are shipping to or from. Yes indeed, freight shipping prices do vary by state. One important factor to note is that most carriers are not national, meaning they only ship within a region.

Walmart OTIF Requirements for Suppliers Increases to 98 Percent

Zipline Logistics

Those that cannot hit these requirements will face a fine of 3% of the cost of goods sold. . All deliveries in every product category will be expected to hit the 98% on-time and in-full metric or face a fine of 3% of the cost of goods sold. .

How To Keep Your Supply Chain Moving Fast as Fuel Costs Rise

Elementum

In today’s blog we’re taking a look at what this means for shipping costs, and how retailers can fortify their operations against price hikes. Why are shipping costs growing? Currently, there are more than 500,000 over-the-road drivers delivering goods across the U.S. Response of shipping companies. Shipping costs hit an all-time high earlier this year. shipping Logistics transportation fuel costs trucking

Cargo 73

As Fuel Prices Rise, Here's How Supply Chains Can Cut Transportation Costs

Elementum

Think about the supply chain of virtually every consumer good. Asia, however, is morphing itself from an offshore haven to an attractive nearshore location due to its growing demographic of middle class consumers. Single sourcing is the practice of consolidating all supply chain needs (as much as possible) to one shipping or logistics company. Logistics economics transportation shipping

Why Omni-Channel Fulfillment is a Workforce Double-Whammy

Talking Logistics

Retailers and consumer goods manufacturers are investing heavily in omni-channel in 2016. Most retail and consumer goods warehouses and distribution centers were originally set up to ship bulk replenishments to stores. These facilities typically ship pallets and cases of goods either directly to stores or to smaller DCs and replenishment depots.

DC 107

As Fuel Prices Rise, Here's How Supply Chains Can Cut Transportation Costs

Elementum

Think about the supply chain of virtually every consumer good. Asia, however, is morphing itself from an offshore haven to an attractive nearshore location due to its growing demographic of middle class consumers. Single sourcing is the practice of consolidating all supply chain needs (as much as possible) to one shipping or logistics company. Logistics economics transportation shipping

The Pros and Cons: International and Domestic Sourcing

Unleashed

This form of sourcing is typically used for simple components or cheap consumer goods such as t-shirts — poor stitching on t-shirts pose a less serious consequence than a minor mistake on a computer battery! Shipping costs. While shipping is a fairly economical method, the overall cost analysis of low-cost country sourcing and domestic sourcing is critical to the overall cost equation. Builds consumer confidence.

Important Things You Should Know When You are Shipping Internationally

Logistics Trends and Insights

Shipa Freight empowers small and medium-size businesses, taking the complexity out of International Freight Forwarding, making it easy to manage legal, regulatory and compliance issues, and offering convenient ways to pay to move their goods. The internet, global trade, fast transportation (airplanes and international ships) and communication satellites have all made this possible. The customs fees and tariffs depend on the products that you will ship.

Cargo 60

How to Reduce LTL Shipping Costs: What LTL Carriers Don’t Want You to Know

Consumer Goods Logistics

You’re a small consumer goods company in a tight margin industry. So you watch every penny of operational expense, including LTL shipping costs. You’d love to shift a portion of your LTL freight over to faster, cheaper, more reliable truckload service, but that’s not in the cards since you don’t have the volume to fill a trailer. Right?

Logistics Market Stays Flat as May Begins

Zipline Logistics

mostly due to consumer goods consumption. . Shipping in or out of Alabama should be close to normal. . As the state reopens retail facilities on May 4, shipping in and out of Arizona should not be substantially impacted. . When shipping to or from California, check to ensure that facilities are online and operational. . Shipping to or from Colorado should not be restricted. . Shipping to and from Florida should be undisrupted. .

Causal Forecasting Brings Precision to your Forecasting

Logility

In our increasingly interconnected supply chains, potentially valuable information is hidden in plain sight, obscured by the chaotic flood of structured and unstructured data a business generates and consumes.

Reduce Your Dependence on LTL Freight Shipping: What LTL Carriers Don’t Want You to Know

Consumer Goods Logistics

LTL clearly plays a critical role for consumer goods manufacturers in getting products to market. But it costs significantly more than truckload shipments and it’s less reliable. By using a 3PL to consolidate loads with other shippers, small and mid-sized CPG firms can actually shift a large portion of LTL freight to full truckload in order to lower costs, improve on-time delivery performance and reduce product damage. Collaborative Logistics

3PL 55

What Freight Brokers Should Expect in 2015

Cerasis

2014 was a dynamic year for shipping and freight, and 2015 might present us with some surprising changes as well. Companies have shifted manufacturing outside of North America , and shipping has been consolidated to large, central import locations. Consumers are also getting pickier, and domestic manufacturing offers stronger quality control, and quicker turnaround from manufacturing to sale. 2015: A Year of Growth, in Spending and Shipping.

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

With Black Friday on the horizon, consumer goods of all kinds are making their way from manufacturers to distribution centers and retail locations across the country. The industry experiences more cargo theft incidents when there is a higher volume of consumer goods moving through the supply chain. Try to keep the amount freight that’s shipped out over weekends to a minimum, or work with your carriers to avoid prolonged stretches in drop yards.

Cargo 155

How To Improve Shippers' Communication With Carriers And Customers?

Abivin

? The Fast Moving Consumer Goods (FMCG) industry faces tremendous competition in the marketplace. With increasing demand from consumers, the FMCG industry needs to respond to customers’ demands in a limited amount of time without loss of quality [1].

This is the invisible network that keeps the world running

The Network Effect

As a nice follow-up to last week’s post on the world’s largest container ship , the BBC has an in depth article on an “invisible network that keeps the world running” Just what is this network, you ask? To better understand this invisible network, the author takes an amazing journey on a container ship between China and Korea, the idea being to trace the global supply chain back to the source of many of our consumer goods.

Asia 199

The 4 foolproof ways to optimise your inbound logistics planning

SCJunction

Any business that transports time-sensitive goods – whether it is fresh produce, consumer goods, or industrial supplies, understand the importance of managing your inbound logistics planning to avoid slow shipping times, errors in process, and deterioration of produce.

Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

Cerasis

It was cheaper than producing products in the US, manufacturers could produce large inventories with little capital up front, and consumers did not really have a public voice. This may include research and development, product manufacturing, product packaging, and shipping processes. Since one of the key benefits of reshoring and nearshoring focuses on lower shipping costs and increased quality, those companies who keep chasing the lower labor cost will hurt.