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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Last night, I took my 13-year-old son to see the movie Air, which tells the story of how Nike pursued basketball rookie Michael Jordan in 1984 to sign with the company. That move, and Michael Jordan’s incredible talent and business acumen, has turned the Jordan brand into a multi-billion-dollar business. Inventories at U.S.

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Securing the Pickleball Supply Chain

Logistics Viewpoints

Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. The Franklin Sports Supply Chain 75% of Franklin Sports goods products, by revenue, are produced by third party contract manufacturers. Jennings’ name. When she joined, Ms. Initially, Ms.

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[INFOGRAPHIC] 6 Logistics Industry Trends Set to Transform 2016 & Beyond

GlobalTranz

We have discussed how manufacturers are changing the landscape through surprising, innovative trends. Changes in manufacturing processes, which will increase production, lead to one ultimate result--the logistics industry must change. Logistics Entities Move Towards Sustainability.

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Revealed: The Sectors Cutting Product Lead Times Fastest

Unleashed

It’s been a long two years for manufacturing and logistics businesses at the sharp end of rapidly-changing global events. Some moved from just-in-time to just-in-case, even if this meant more cash tied up in inventory and a higher risk of waste. In fact, for many, the crises have only strengthened their resolve.

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COVID-19 accelerates four trends and changes within global supply chains

Proxima

As the pandemic began, companies and suppliers were forced to change their playbooks and rely on new methods of innovation, high road networking and asset stabilization to keep their logistics moving forward. According to MarketWatch , the logistics automation market totaled $49.2 Growth of automation. Growth of automation.

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Spire and Gravity Supply Chain solutions helping restore flow of goods

Gravity Supply Chain

Just-in-time (JIT) inventory management became crucial to the nation’s meteoritic industrial growth, including Toyota’s eclipsing North American and European automakers as the world’s largest automakers for their time. Gravity regularly uses the data of third-party logistics (3PLs) providers. A world transformed.

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What Is LIFO and How Can It Be Used?

ShipBob

Imagine this scenario: Jordan operates an online furniture company that holds luxury furniture inventory in a large warehouse. Recently, Jordan purchased 20 sofas at $1500 each and six months later, another 20 of the same sofa at $1700. . When Jordan opened the business, he decided that LIFO made the most sense.