This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2021 and see what our readers found to be the most interesting. It was good mix of topics and authors, including a good number from our Logistics Viewpoints sponsors. So let’s take a look now at the 15 most popular logistics stories.
Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Here are some highlights from these trends in 2023 and implications on supply chain planning.
Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. VFC’s supply chain sourced over 410 million units of apparel, footwear, and accessories in their last fiscal year.
Manhattan Associates, a leading supplier of supply chain and omnichannel management software solutions, recently had a major product release that will shake up the supply chain planning market. The BOM transformation creates a feasible plan for procurement. In a warehouse, workers pick cases and build pallets.
To stay competitive, shippers need to understand the current challenges of using blockchain in e-commerce , how it can benefit the e-commerce supply chain, and a few best practices for using blockchain to move toward a seamless, omnichannel experience. How Surface Mode Shippers Can Compete in E-Commerce Logistics. Download Here.
Whereas many of their competitors’ source from wholesalers like McLane or Core-Mark, Casey’s supplies their stores with groceries, food, health and beauty aids, and general merchandise from the distribution centers (DCs). In the past year, the company has also launched a centralized procurement team. Williams explained.
Five Forces Reshaping Logistics as We Know it. Because warehousing and transportation represent significant cost centers, intelligent logistics decisions are critical. Forget what you knew about logistics. Supply chain technology investments were once delegated to a specific function such as procurement or logistics.
To meet changing consumer behavior, retailers are finding omnichannel strategies essential. He insists consumers are also increasingly relying on recommendations from trusted sources such as friends and other influencers. ” Omnichannel strategies can help meet consumer demands. Changing consumer behavior. ”[5].
While this new landscape means easier and faster product ordering for consumers, it puts traditional supply chains under unprecedented pressure to adapt their direct-to-consumer fulfillment, inventory management, and procurement strategies.
Putting the Planet First: Bringing Sustainability To The Last-Mile With Logistics Technology. A 2021 McKinsey study, that when delivery times are too long, almost half of omnichannel consumers will shop elsewhere. Aside from route planning and optimisation, some other avenues worth exploring include: Sustainable Sourcing of Goods.
The company sources goods from 34,000 suppliers out of 30 nations. Process is a very big topic, but two sets of processes are worth mentioning in more detail are Ferguson’s sourcing and global trade compliance processes. Lead times expanded even for domestic manufacturers because they sourced raw materials from overseas.
Omnichannel selling is an approach to retail sales that is designed to give the customer seamless brand experiences, whether they’re making a purchase online, over the phone, or inside a store. An omnichannel approach ensures that on the back end, there’s integration between production, distribution, communication, and promotion.
As the logistics industry remains fragmented, riddled with data silos , low-transparency, and archaic manual processes, blockchain within the supply chain can empower this revolution towards digital collaboration. Source ] Blockchain can help mitigate these losses and their associated disputes. from the global economy by 2022.
In 2017, the company began to look at new options for warehousing, knowing it would need to start placing inventory closer to customers if it wanted to compete in the challenging omnichannel retail space. Select one strategic logistics partner and build a long-term, close relationship.
Brands today are piecing together inflexible logistics partners with long contracts, RFPs and limited software capabilities with third-party integrators and multiple software tools, to create their own fragile supply chain and technology stacks. Stords platform is agnostic to legacy systems and data sources.
Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.
Even more stress on omnichannel operations. Futurist Bernard Marr ( @BernardMarr ) predicts the line between offline and online retail will blur; or as he puts it, “Omnichannel — Offline is online, online is offline.”[2] The rise in e-commerce during the pandemic has been widely reported. ” Footnotes. [1]
This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Source: [link]. Understand Lean Principles and How to Use them to Cut Out "Waste".
Supply chains must evolve to meet an increasing number of omnichannel sales, and technologies must be integrated within existing systems to reach maximum efficiency and productive value. Supply Chain Execs Retained Fundamentals Throughout Change. Innovation is the driving force behind change and improvement in the modern world.
As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Seeing this, we decided that it would be helpful to compile a curated list of 50 of the best tips on logistics planning and strategy that we could find.
Over the past decade, we’ve seen companies rapidly expand into omnichannel sales approaches as they respond to their customers’ increasingly higher expectations for multiple buying options and speedy delivery. Execution speeds are incredibly fast because expanding in the cloud doesn’t require lengthy planning and procurement periods.
Over 250 senior supply chain and logistics executives attend the event year on year, making the CSCO Forum the one event that you cannot afford to miss in 2015. Omnichannel 2.0:Key Virginie Vast, Head of Vodafone Asset Management Services & Tactical Sourcing from Vodafone Procurement Company.
Yes, COVID caused many issues, but other factors, including geopolitical changes, the war in Ukraine, weather events, peak season , and economic instability, have altered the fabric of logistics. Warehouse and distribution managers and procurement professionals will need to start thinking about managing the customer experience better.
Better sourcing processes, how to implement omnichannel fulfilment, and creative solutions for labour shortages. About the Author Lindsay has spent the last 10 years in supply chain & logistics, marketing industry-leading technology to organizations of all sizes. Over the past two years, e-commerce brands have learned a lot.
More widespread third-party logistics. Connected omnichannel services. Warehouse and logistics staff can use portable technology to improve efficiency at work, such as scanning and picking. More widespread third-party logistics. Internet of Things a ‘return to growth’ accelerator. Multi-warehousing efficiencies.
The hindrance for manufacturers in the past was having a system in place to handle opening up to multi-channel or even omnichannel sales. We have written quite extensively about the role of robotics in manufacturing as well as the impact on supply chain and logistics. Manufacturers Look towards Logistics Efficiency to Stay Competitive.
In 2017, the company began to look at new options for warehousing, knowing it would need to start placing inventory closer to customers if it wanted to compete in the challenging omnichannel retail space. Select one strategic logistics partner and build a long-term, close relationship. Procurement costs. Poor forecast accuracy.
Unfortunately, legacy systems also have a direct correlation with an inability to embrace omnichannel supply chains and reap its rewards, such as using brick-and-mortar stores as fulfillment centers and tapping all inventory to move product faster and with less cost. Procurement efficiency. Payment processing. Global trade enablement.
Consumer demands are constantly changing, whether this is their demand for faster order fulfillment due to the e-commerce last mile race currently occurring or meeting customer demands for omnichannel communications and better service. These changing buyer habits then require complete cohesivity within your organization. Louis, M.S.
There’s been increased use of mobile phones and smartphones, interfaces for websites and mobile apps have improved, and there’s been a notable expansion of crowd-sourced business models to shopping and delivery.”[1] ”[1] He draws those conclusions from a Packaged Facts research report published last year.
In this article, we’ll break down the steps of proper retail planning, why it’s important, and how ShipBob can help with the “logistics” side when it’s time to execute. With careful financial planning, you’re spending your money only to procure the inventory you need in a given period of time to meet demand.
Moreover, there may be raw material shortages that will then result in supply chain bottlenecks as businesses are unable to procure inventory to keep up with demand. That means companies will need to appropriately adjust their production and procurement so as to avoid excess stock and piling up surplus inventory.
Intelligent procurement technology provider JAGGAER announced the finalization of a partnership with TealBook , a tech provider that leverages artificial intelligence and machine learning to gather, predict and refine supplier data and to provide companies with additional product sourcing options.
It is a popular saying in the logistics sector that having excess inventory is a bane and the industry had no other option but to deal with this bane. The post Seamless Catwalk – Managing Fashion Supply Chain appeared first on 20Cube Logistics. Vociferously.
The world of supply chain and logistics is changing every day. Each one is featured as having done something unique to reinvent their supply chain and logistics. Coyote Logistics @CoyoteLogistics Coyote Logistics prides itself on its innovative logistics and supply chain philosophy.
Ensuring that last-mile fulfillment becomes a revenue driver: This is crucial, as last-mile fulfillment is said to account for 53% of the costs of logistics operations. Last-mile logistics, with multiple stakeholders, nodes, and processes, clearly needs solutions for bringing about greater efficiencies, and at scale! .
But I believe that by the late 2020s, fully automated warehouses will be the norm rather than the exception, especially in larger logistics operations. Truck drivers will still be in short supply in 2028, but by that time, autonomous vehicles will have begun to penetrate the logistics industry. Automation Will Close the Talent Gap.
For instance, omnichannel retail would require a strategic decision about the sales channels you plan to utilize and how to combine them seamlessly. The cost of procurement can easily build up when you have to buy thousands of units to qualify for wholesale pricing. Another crucial factor to consider is your logistics and fulfillment.
Companies on e2open’s connected platform can make more accurate, efficient, and autonomous decisions and improve execution for operations spanning channel, planning, logistics, global trade, and supply. Channel partners visit multiple sources to build a complete view of sales leads, which is a time-consuming and inefficient process.
In addition, shippers were finally making the much-needed investments in omnichannel strategies such as Buy Online, Pay in Stores (BOPIS), curbside pickups, fulfillment in stores, and same-day deliveries to connect their websites to their physical stores. Other tech providers in this space include Bringg and Delivery Solutions.
The software is designed with robust features allowing end users to monitor supply chain analytics, supply chain management, planning, transportation, sourcing, and procurement. Oracle Supply Chain Management software helps users transform their businesses from planning and sourcing inventory to delivering products.
This is particularly true in the logistics industry, where the uncertainty, volatility, and complexity of global trade require companies to leverage every resource at their disposal to maintain a competitive edge. These three horsemen of the logistics apocalypse are creating havoc in supply chains worldwide. Uncertainty. Volatility.
San Francisco -based Onera provides retail technology that connects inventory across siloed systems and transforms them into a single, real-time source of inventory status. The eight-year-old startup currently works with prominent retailers, such as Gap, rue21 , Old Navy , TORRID and Zumiez to enable a best-in-class omnichannel experience.
When done right, it has the potential to add value to a variety of strategic functions, ranging from procurement and supply chain optimization to effective production and distribution. This helps you optimize inventory on both sides of the supply chain – for procurement as well as distribution. There’s too much to risk here!
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content