Remove Freight Remove Omnichannel Remove Procurement Remove Sourcing

Why Blockchain Within The Supply Chain Makes Perfect Sense

GlobalTranz

Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. Source ] Blockchain can help mitigate these losses and their associated disputes. Blockchain Omnichannel Supply Chain Transportation Management

2018 Supply Chain Trends: Omnichannel, Customer Experience, & Regulations to Shape the Industry

GlobalTranz

Omnichannel Supply Chains Will Become Standard. Omnichannel is perhaps the biggest of the 2018 supply chain trends. 2018 will see more supply chains pursue omnichannel strategies , eliminating inconsistencies and disparate systems and creating a cohesive, shopping experience for consumers. In addition, greater use of 3PLs, which usually offer better benefits, pay and freight rates than national carriers, may help actively reduce spikes in freight rates.

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The Year Ahead: CTL Research Goals Highlight Top Supply Chain Challenges

MIT Supply Chain

Chris Caplice, Executive Director, MIT CTL, Founder & Co-Director, MIT FreightLab Develop and pilot a more dynamic truckload transportation procurement and management process. Better understand how disruptions impact the freight transportation market and how they can be minimized.

The 10 inventory management trends to watch for in 2022

Unleashed

Connected omnichannel services. Reduced carbon footprint: Cutting your freight times doesn’t just save money, it lowers your impact on the environment too. Read more: The 10 Procurement Metrics that Matter in 2021. Connected omnichannel services.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. Many areas of the supply chain might not feel as if they are affected by this omnichannel revolution, but it disturbs every part of the supply chain.

50 expert tips on supply chain management

6 River Systems

” — Matt Reynolds, Opinion: As COVID-19 Precipitates Big Consumer Shift, Omnichannel Adapts , Packaging World; Twitter: @packagingworld 8. Develop alternative sources and diversify value chains. Consider a dual-supplier sourcing strategy.

Supply Chain Crystal Ball Gazing: Let’s Look Ahead to 2028

Logistics Bureau

This, combined with efforts to move sources closer to domestic markets (driven by the overwhelming growth in omnichannel retail), will all but eradicate offshore production, at least for industries in which off-shoring benefits relate purely to labour. The idea is to make rail-freight transport viable over sub-1,000-kilometre distances and to ease highway congestion.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. Strategies include sourcing more items directly from manufacturers to improve margins, SKU rationalization and space reduction, “show more carry less” and assisted-store ordering.

Shippers of Consumer Products Impacted Most by Capacity Crunch

GlobalTranz

Today, with omnichannel pressures and a drastically different retail environment, stores are working hard to eliminate excess inventory and penalize vendors for early (and late) deliveries. As you can imagine, with a tight transportation market, it’s become even more difficult for vendors to source reliable trucks. Direct Consumer Impacts USA Today reports that a severe shortage of truckers is pushing up freight costs and, in turn, nudging up retail prices.

50 expert tips on logistics planning and strategy

6 River Systems

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. Take a fresh look at your omnichannel fulfillment. “Innovation is crucial for expanding the current footprint of omni-channel fulfillment.

The Future of Logistics—20 Trends to Follow in 2017

FLEXE

In 2016, we saw this with Unilever’s partnership with technology startup Convoy—an on-demand freight business. Examples include everything from enterprise resource planning (ERP) solutions and factory communications to freight forwarders and forecasting and inventory management software. Expect more focus on made in the USA, locally sourced/produced/designed goods and products made/marketed for specific cities and regions.