Hurricane season is well underway, and many companies find themselves unprepared for the disastrous tolls it can have on their business. Based on a 2017 survey from FM Global, over 60% of company executives felt that hurricanes had an “adverse effect on their business” and that they were “not completely prepared” to handle the effects of hurricanes.Read More
As third-party logistics providers (3PL) evolve to meet changes in the marketplace, partnering with the right one is critical to keeping supply chain operations on track. A seasoned 3PL can enhance your supply chain, stabilize pricing, improve the reputation of your organization, and properly manage the possible risk challenges in today’s market. In today's post, guest blogger John Ohnstad, Director of Business Development for CAI Logistics shares his thoughts on properly vetting and qualifying a 3PL to support your organization.Read More
Hauling hazardous materials (hazmat) offers transportation companies opportunities to boost their business revenue. In the current market, there are over 500,000 daily shipments of hazardous materials in the U.S. However, as lucrative as it may be, shipping hazmat is a complex process with specific rules and regulations.Read More
Providing reliable service while keeping costs under control requires maintaining efficient distribution centers. To achieve this goal, it pays to streamline warehouse operations with the latest organizational and technical upgrades — from training staff to perform their jobs more effectively, to investing in the latest technologies. The results will include saving time and money, improving customer satisfaction, and boosting profits.
Here are some ways supply chain managers can reduce inefficiencies and streamline warehouse management operations:Read More
Throughout the year, supply chain and logistics business intelligence company, eft, gather the industry’s top supply leaders to discuss the future of logistics as part of its running 3PL and Supply Chain Summit series. The most recent event took place earlier this month in Chicago, where experts weighed digital technologies and trending strategies against the rising demands of customers during a multiple-day schedule full of workshops, discussion panels, keynotes, exhibitor booths and more.
CAI’s own AVP of sales and business development, Carl R. Citelli, attended the summit and was since interviewed regarding his thoughts and takeaways from the experience. Here’s a recap of what he had to say:Read More
When it comes to logistics, directions matter. And not just the directions to move products from point A to point B, but also the reverse—to get them from point B back to point A.
Forward logistics is about getting products to market. Reverse logistics, or the aftermarket supply chain, is about moving products back through the supply chain. This may mean returning shipments to distributors or manufacturers, but may also include third parties such as recyclers. Simply stated, reverse logistics is about returns and reuse of products and materials, typically for merchandise returns, product recalls, repair, refurbishment, or recycling.
While reverse logistics introduces challenges, it’s also rapidly emerging as an area of immense opportunity for shippers. According to the Reverse Logistics Association, the volume of returns annually is estimated at between $150 and $200 billion. Up to 79 percent of returns are the result of retailers’ efforts to attract new customers who want free returns for unwanted purchases, which often prompts customers to over-order.
What’s more, double-digit e-commerce growth is creating complex logistical scenarios that extend customer scenarios beyond “buy anywhere” to include “return anywhere.” With the retail ecommerce market expected to reach $4 trillion by 2020, and the B2B ecommerce market set to hit $1.8 trillion by 2023, transforming logistics and reverse logistics operations into seamless, omnichannel supply networks is a great way to expand operations into this sector—as well as to stay relevant, competitive, and profitable.Read More
In the age of Amazon, the impact of the digital marketplace is fundamentally reshaping traditional retail business models. As brick-and-mortar businesses seek ways to evolve beyond their four walls, supply chains have had to undergo transformative change to compete with retail giants on price, quality, or customer experience—if not all three. This “Amazon Effect” continues to push the boundaries of supply chains to meet lofty customer expectations.
These days, consumers are—more than ever before—bargain shoppers; they know what they want and how to buy it cheaply. With their embrace of online shopping, they have become savvy at navigating the e-commerce space. If their needs aren’t met, buyers can easily switch loyalty to another brand. The shifting demands of fickle consumers call for a greater sense of urgency to adapt quickly or risk being left behind.
Managing to get products to buyers when, how, and where they want them isn’t achievable with a simple ship-and-forget approach anymore. It requires making smart moves in three focal areas of transformation.Read More
The whole purpose of your supply chain is to deliver the products your customers need, when they need them, in the quantity they ordered. Using On-Time in Full (OTIF) metrics can help you measure how successful your supply chain is at fulfilling this objective.
OTIF measures what percent of the time a supplier delivers orders that meet the customers’ requirements for fill rates and specified delivery windows. Just as it is essential for a business to measure sales figures and cash flow, it is equally as important for manufacturing or distribution businesses to manage OTIF.Read More
Managing logistics in the age of e-commerce is a tall order. On top of current logistics challenges, retailers have to worry about the expense, execution, and expansion of supply chains to compete in the omnichannel landscape. But with careful planning and informed decisions, supply chain executives can build a smooth, efficient logistics operation.
Here are some creative strategies you can implement to manage logistics in the retail supply chain.Read More
Self-driving trucks, procurement chatbots, and equipment failure predictions...if you haven’t seen any of these artificial intelligence-driven innovations in your supply chain yet, you likely will in the near future. They are just a few of the many future-focused technologies under development that are poised to reshape the global supply chain and empower supply chain leaders to make smarter business decisions.Read More