ToolsGroup
FEBRUARY 4, 2020
The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. In a recent KPMG study, 69% of manufacturing CEOs say acting with agility is “the new currency of business; if we’re too slow, we will be bankrupt.” Poor customer service levels.
GlobalTranz
JANUARY 22, 2018
Going back to the Industrial Internet of things (IIoT), the use of Internet-connected technology increases risk in manufacturing. billion in 2018 alone, reports Michael Kotelec of Manufacturing.net , and this will bring a strong, robust boost to efficiency and productivity in manufacturing. However, the risk is well worth it.
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GlobalTranz
JUNE 23, 2015
Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. Transportation and freight costs are reduced.
Supply Chain Game Changer
OCTOBER 1, 2022
Manufacturing and production labor in developing nations are significantly less expensive than in most developed nations, but these often lack safety and environmental precautions. Air freight shipping is significantly more expensive than oceanic freight, but it takes far less time. Foreign Fees.
Gravity Supply Chain
JANUARY 19, 2023
As suggested by experts, the very first step in identifying these barriers is to understand the various components of the supply chain, which includes understanding the roles of suppliers, manufacturers, distributors, retailers, and customers.
The Network Effect
OCTOBER 30, 2015
Given the global nature of automotive manufacturing in today’s networked supply environments, international shipping will be a consideration as part of the trading relationship between Subsystem and Tier 1 Suppliers and their Tier 2 Suppliers. DDP (delivered duty paid), where the named place is the manufacturers receiving location.
Talking Logistics
MARCH 25, 2016
January 2016 North American Freight Numbers. While omnichannel retailing is in the spotlight these days, lurking in the shadows is another big challenge and opportunity many retailers (and manufacturers looking to sell direct to consumers) have been struggling with for years: cross-border e-commerce.” in February. Trucks carried 60.5
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