Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

Reason #6 Not effectively managing inventory. A bad decision can result in missed orders, significant inventory, or scrapped materials. By doing this, they could potentially save the company millions of dollars in excess inventory.

Prep Your Supply Chain for Super Typhoon Soudelor

Elementum

Update 8/09/2015, 18:03 PST: Tropical Storm Soudelor to Hit South Korea on August 11. Tropical Rainstorm Soudelor, which continues to inundate eastern China, is moving northwestward to hit South Korea on Tuesday, August 11, threatening to bring heavy rains and isolated flash flooding.

Taiwan 158

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Keeping track of warehouse inventories with an army of fully autonomous drones (TechCrunch). According to a Reuters report: As of Wednesday, of Hanjin’s 97 container ships, 36 were waiting outside of overseas ports, according to South Korea’s finance ministry.

Lessons from Hanjin: is Your Supply Chain Still at Risk?

Elementum

South Korea’s Hanjin is stuck (literally). A South Korean court has petitioned Korea’s state-owned bank to help fund the company. Even if a company doesn’t have a direct deal with Hanjin, their inventory may still be affected.

Top 6 Wholesale Distribution Trends for 2019

EMERGE App

Less affected are Singapore, South Korea, and Thailand. Only South Korea, Indonesia, and Myanmar may see a muted effect in switching away from Chinese exports. Businesses should invest in an inventory management solution that is flexible enough to meet these challenges.

Harvey’s Impact on the Global Supply Chain: The Role of Analytics

NC State SCRC

For instance, when Typhoon Hato hit South China last week, several electronic suppliers were impacted. South China will be exposed to hurricanes, and South Korea which is next North Korea (and the location of production of 50% of the world’s semiconductors) is in a precarious situation.

Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”

NC State SCRC

This challenge has been also impacted by the growing discontent on the part of retailers and customers who are unhappy with the trend towards larger slow-steaming ships, which leaves more inventory on the water for a longer period of time. Also, American Shipper reports that a federal bankruptcy judge on Tuesday granted Hanjin Shipping’s request to have its rehabilitation in bankruptcy court in Korea be recognized under the U.S.

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

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Foot Locker @footlocker Foot Locker makes it easy for customers to shop the way they want to shop by improving inventory visibility.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Subscribe Here! Email Address. Article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. Change is inevitable in modern supply chain management, and risk management is essential to success.

Chill Pill Has a Whole New Meaning for Pharma Supply Chain

Aera Technology

Meanwhile, pharma companies are still trying to iron out distribution and inventory complexities that cause another $25 billion in excess inventory – in a nutshell, the new drugs are complex proteins and if they’re not properly handled every step of the way to market, they’ll go bad!

Strong demand and tight supply define industrial property sector in markets around the world

EFT

Mexico Industrial assets represent 857 msf, or approximately 40% of the commercial real estate inventory in Mexico. Romania Bucharest is Romania's main industrial centre, and the city's industrial inventory continued to expand with nearly 352,000 sq. Korea E-commerce retailers' use of third-party logistics to distribute their goods is increasing. year-over-year, according to Statistics Korea.

5 Ways To Improve Your Import-Export Business Now

EMERGE App

In Japan and South Korea, it’s the LINE messaging app. And for Europe and South-East Asia, it’s definitely WhatsApp. Inventory management software such as EMERGE App allows you to use as many currencies as you need in your business. Introduction.

What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

As many shippers front-loaded inventory in the second half of 2018—especially the fourth quarter—to avoid potential tariff increases, the market saw drastic volume increases beyond what we’ve come to expect from years’ past. Higher inventories to avoid tariffs.

Top 10 New Year’s Resolutions for Wholesalers in 2019: Drop Those Bad Habits from 2018

EMERGE App

If you’re still not convinced about using inventory management software , then perhaps the benefits might sway you over. South-East Asian nations such as Malaysia, Vietnam, and the Philippines are ready with substitutes or alternative suppliers. Value Your Inventory.

What the Rest of the World Can Learn from Shopping Days in China

EMERGE App

Your business needs a multi-channel sales strategy as well as an inventory management system that can handle just about any sales channel thrown at it. Elsewhere, Japan, South Korea and Taiwan celebrate what is called White Day on 14th March. Introduction.

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Navigating the Future in an Uncertain Political and Regulatory Environment

NC State SCRC

There are some talks going on between North Korea and China, and as China buys a lot of coal from North Korea, so this may take a while in terms of pressure, but the two at least are in talks following Trump’s visit with the Chinese leader.