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Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

I grew up in New York and graduated from the New York Institute of Technology. The company searched for smart people who understand what the next new technology will be. I was involved with the procurement of equipment and materials. One of the bidders had a very unorganized warehouse.

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Two Indices of Supply Chain Activity Noting Supply Chain Volatility Trending

Supply Chain Matters

According to the latest Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of New York , overall pressures increased in April. Also reported was less change in Inventory and Warehousing metrics as costs continue to grow and capacity remains tight. warehouses. .

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Reports of Easing Global Supply Chain Volatility in July

Supply Chain Matters

According to the July 2022 Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of New York , overall pressures reportedly declined once again in July. Warehousing and Inventory metrics continue to buoy the logistics sector. Global Supply Chain Pressure Index.

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How To Manage A Lean Supply Chain

ShipBob

To make their supply chains more lean, retailers can explore different supply chain optimization techniques throughout procurement, production, and distribution, or outsource supply chain management to a 3PL. As long as you are tracking the right metrics, data reveals where you can eliminate waste within your supply chain.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand. Verify that invoices match the amount of items and cost of inventory shipped from your ecommerce warehouse. The longer you hold inventory and the more unusable inventory you have, the more money you pay.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Automotive News Europe ). New York Times analysis predicts the shipping container shortage will not resolve in 2022. New York Times). Deloitte ). Wall Street Journal ).

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NRF 2024: Supply Chain Data

Logistics Viewpoints

Last week I attended the annual National Retail Federation (NRF) Big Show in New York City. This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond.