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What is Supply Chain Innovation? Separating the Reality from the Hype

MIT Supply Chain

Supply chain innovations such as the early adoption of RFID underline how a flawed view of new technology can lead to unwise investment decisions. For many companies supply chain innovation (SCI) is a key source of competitive advantage. Take RFID, for example. Blurred vision. The lack of clarity is more than an academic issue.

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This Week in Logistics News (February 11 – 17)

Logistics Viewpoints

hope to slash shipping costs and save millions of dollars when they sit down later this month to negotiate long-term contracts with ocean carriers following last year’s surge in rates. The average contract cost of shipping a container from China to the U.S. network this year after its initial success at select facilities in 2022.

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The New Normal: Falling Rates and Improved Efficiency Set New Standards for Shippers

Intelligent Audit

Falling ocean rates and volatile fuel costs have logistics professionals across the supply chain searching for innovative efficiency solutions throughout their operations. Facing difficulty in the trans-Pacific market, industry-leading shipping giant Maersk has announced it’s dropped two trans-pacific services.

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Bundling Blockchain with Other Technologies for Maximum Effect

Enterra Insights

Transportation: shipping in refrigerated trucks to retailers like supermarkets or convenience stores. In this example, the transport of perishable food stuffs (such as milk) is regulated by specific conditions that ensure it arrives at the point of purchase safely. Innovation often involves bundling existing technologies in new ways.

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. This will make the supplier sluggish to respond to changes and slow moving on innovation. What can you do?

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Omnichannel Fulfillment and the Amazon Effect

Enterra Insights

Second, it streamlines distribution, often eliminating the cost of shipping, and getting orders in consumers’ hands more quickly. ” Self-service check-out stands are a prime example of how retailers have tried to shift work from employees to customers. Shipping/Return : Delivery, shipping, payment/refund, return goods; 5.

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What is the Hyperconnected Era & “The Internet Of Things” and What does it Have to Do with Manufacturing & Logistics?

GlobalTranz

This new era brings with it an acceleration of innovation and disruption. The Internet has evolved from being a “nice-to-have” – an additional channel for growth – to becoming the channel for growth and innovation. For businesses, the hyperconnected world brings hyper-accelerated innovation.