Category:- Supply Chain
You can find all the supply chain related posts here.
Global supply chains are facing several challenges, including bottlenecks at key ports, labor shortages, increasing consumer demands, and scarce resources. Digitizing the supply chain connects the many moving parts to facilitate efficient and consistent processes.
Industry 4.0 is making its way into every industry, including logistics. Technology like robotics, IoT, and big data are increasingly used to overcome supply chain obstacles to develop more efficient processes, dubbed Supply Chain 4.0.
KPIs (key performance indicators) are the parameters or quantitative measurements that help evaluate the functioning and success of a business over time. These KPIs help companies track how they meet the mentioned goals and objectives. Supply chain metrics will help you establish reliable benchmarks for various essential processes and activities. Businesses can become more efficient, thereby becoming more successful if the correct KPIs are chosen.
In the present cutthroat era, starting your freight forwarding business from ground level can be difficult, but it’s highly rewarding at the same time. Without proper guidance, knowledge, skill sets, and execution, you may commit mistakes that may prove to be very costly in the long run. Starting a business requires you to understand each business element with the current trends and practices in the industry you are going into. So, in today’s blog, we will discuss how you can successfully start a freight forwarding business and that too the right way.
In this article, we’ll look at some of the best supply chain KPIs and some tips on how to improve these metrics. These are quantifiable measurements used to determine supply chain performance and efficiency, whether it’s meeting set goals and objectives.
A warehousing business involves the purchase of goods from a manufacturer and temporarily storing them before they are delivered to another site for fulfilment. Setting up a warehouse involves consideration of a lot of aspects, some of the key steps in starting a warehousing business are listed in the blog.
Freight Forwarding Company manages all logistical aspects of shipping cargo by air or sea. Freight forwarding is the movement of goods on behalf of the cargo owner. They coordinate the booking of cargo space on the vessel, the insurance of your goods, the real-time monitoring of your cargo, and the preparation of all necessary documents for the end customer.
In the last 10 years, Colombian consumers’ tastes and preferences have changed as they seek to try new products and demand higher quality and product innovation.
The growth trajectory for Colombia is extraordinary! The ability for the country to manufacturer products and ship on time to the USA makes it an ideal partner and poised to manage the labor shortages that plague the USA for the rest of the decade.
Digital B2B eCommerce, while extraordinary, triggered the scope of the supply chain problem. Buyers purchase more online. This frictionless purchasing path has driven demand at a time when supply chains are fragile. Companies react to shortages by stockpiling supplies, exacerbating the misaligned inventory. These supply chain challenges are further aggravated by worker shortages found in every vertical segment.
Elastic logistics is a technique for expanding and contracting logistical capabilities as needed, thus enhancing the overall cost-efficiency of the supply chain. Elastic logistics enables businesses to operate their supply chains more efficiently in response to market swings, scaling up or down based on seasonal activity and other factors. Lean or just-in-time business models have been around for some time, but elastic logistics is gaining popularity.