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Realties of Declining Global Trade and Transport Rates More Evident

Supply Chain Matters

Background Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. Our specific prediction was that manufacturers and retailers will exercise considerable pressure on carriers for re-negotiating existing transportation and logistics contracts. percent decline in global trade.

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Mars Wrigley’s Highly Successful Supply Chain Digital Transformation

Logistics Viewpoints

The second goal was to work with a fourth party logistics (4PL) partner that had invested in cutting-edge transportation management and visibility solutions. A 4PL is a company that plans and executes transportation on behalf of their customers. The company chose 4Flow to do transportation planning and execution in Europe.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

This entails staying well-informed about industry trends, harnessing technology for improved decision-making and transparency, nurturing strong partnerships with service providers, and continuously evaluating and refining procurement strategies to address the evolving complexities of container shipping.

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The Internet of Things in the Supply Chain

Enterra Insights

And all of them expect to be connected to logistics providers transporting goods to and from various supply chain nodes. … Traditionally, inventory counts [have been] a complex exercise done manually about once a year but RFID technology enables retailers to monitor stock monthly bringing accuracy from 60% to over 90%.”

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AI This. If Only.

Supply Chain Shaman

The high activity levels in the transportation and Retail/Ecommerce sectors mirror consumers’ movement into new channels. An exercise that I love to do in my training is to ask business leaders to draw data flow in their current decision processes. S&OP becomes a Ferris Wheel of activity, creating a Deadpool of information.

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3 Ways to Benchmark to Boost Supply Chain Performance

Logistics Bureau

If you’ve never done a benchmarking exercise before, read on. Without that information, you don’t know what you’re trying to target. Informal Benchmarking. This exercise would involve you measuring particular functions or aspects of your business and comparing that against other parts of your business.

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It’s Time to Rethink Supply Chain Risk Management

ivalua

In these instances, tradeoffs have been made, such as impeding carbon emissions reduction progress through the use of less sustainable products or carbon intensive transportation options. Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks. Has a supplier provided relevant certifications (.i.e.