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This Week in Logistics News (April 1 – 7)

Logistics Viewpoints

According to the annual survey released by the National Retail Federation’s (NRF) and Prosper Insights & Analytics, consumers plan to spend a collective $24 billion on Easter this year, up from $20.8 Spending is growing across several categories, and the top Easter items consumers say they are planning to purchase include candy ($3.3

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How to Navigate ESG Risk with Supplier Management Software

QAD

It’s easy to forget about where materials come from when you’re holding a product in your hand or looking for a supplier that can offer a great deal and reliable shipping, but many of those items come with ESG implications. The International Labor Organization reports that 27.6

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Why is o9 Solutions Growing So Fast?

Logistics Viewpoints

This January the company reported that its annual recurring revenue grew at over 84% year-over-year. A graph database stores nodes and relationships instead of tables, or documents. If you take a big consumer goods company, you don’t need to just model products and customers,” o9’s CEO explained. Gottemukkala asserts.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Cutoff analysis Cutoff analysis is when you pause operations such as receiving and shipping at the time of the physical count to ensure nothing is being handled and goes unaccounted for. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

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Three Pros and Cons of Selling on Walmart Marketplace

SupplyPike

A UPS study shows that Millenials make around 54% of their purchases online. Payoneer was founded in New York City in 2005 and has expanded to 21 global offices with 1,500 worldwide employees. You also will need a few formal documents such as your tax ID, W-9, and product GTINs. Greater Integrity.

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8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Inventory costing is done by accountants so that the cost of goods available for sale is represented fairly on your income statement and balance sheet. Businesses that deal in physical goods should submit financial reports that are true and fair. Also, recent costs are reported in the ending inventory on the balance sheet.

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Is The Freight Industry Ready For SOLAS?

Freightos

This new Safety of Life at Sea Convention (SOLAS) rule amendment aims to reduce incidents involving containers on board ships, because incorrect declarations of the weight of packed containers is often a contributing factor. For many forwarders, their only FCL weight reporting requirement to date has been with road weight regulations.

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