Is your distribution network still as efficient as it could be? If you haven’t reviewed it in over five years, it’s time for a change. The rise of omnichannel distribution and new service offers, like home deliveries, has transformed how companies operate their networks. Traditional distribution models may not be equipped to handle the demands of multiple channels, leading to inefficiencies…
Having a focus is essential for an organization to avoid the negative consequences that can arise from a lack of it. What are the key areas you should focus on in your supply chain? First and foremost, conducting a cost to serve analysis is vital. This analysis helps identify and address profit and cash leaks within your supply chain…
One of the most common mistakes is not allowing enough time. Organizations often wait until contracts are close to expiring, leaving only a few months to find new providers. In the current market, many 3PL providers are incredibly busy, making it harder to find the right fit. Rushing the process can lead to poor choices and long-term issues…
Have you ever found yourself wondering what the future holds for the world of international logistics and ocean freight? A key challenge lies in port infrastructure, which hasn’t kept pace with shipping demands. Some ports are starting to use automated guided vehicles (AGVs) to move containers, but with massive 22,000 TEU vessels, balance is a concern, making full automation tough…
The pandemic drastically disrupted the shipping industry, with skyrocketing demand, especially in e-commerce, driving ocean freight rates up by as much as 50% between 2020 and 2021. Service reliability also took a hit. However, we’re now seeing stabilization, with rates moving closer to pre-pandemic levels. Experts predict that rates will return to something similar to 2019, with minor fluctuations based on market conditions…
We’ve reached a major milestone on our channel – 200 videos! And to celebrate, I’ve got a special thank-you gift at the end of this video, so stick around. After four or five years of content creation, it’s fantastic to see that we’ve hit 200 videos. We’ve built a wonderful community in our channel, Supply Chain Secrets…