The history of the slave trade has the mention of a bullwhip. It was a tool for abuse and straight-line disobedience. While, since then it has been dreaded and inhumane and it is no less in the context of supply chains as well. When a whip is cracked, a small wrist movement creates a much…
They say the sky is the limit for excellence and so is the same for optimizing processes in supply chain logistics. It is ironic how the most deferred attitude of greed drives us as humankind towards excellence. So, in supply chain logistics, what more is there to optimize?Sadly, if you do not see the scope,…
In the course of rapid innovation undergoing in the supply chain management paradigm, logistics automation is the next milestone. But what exactly is it? Logistics automation refers to the strategic integration of technology, including machinery and software, to optimize various aspects of the supply chain. This encompasses everything from receiving raw materials to warehousing, order…
Can your business deftly navigate turbulent market shifts, effortlessly manage supply disruptions, and seamlessly adapt to evolving customer demands? What if we tell you that you can do this all while your competitors struggle to keep up. This is the reality that supply chain agility promises, a power that equips organizations with the flexibility and…
Forget the days of rickety freighters! The maritime industry has undergone a spectacular transformation, giving rise to the largest container ships the world has ever seen. These colossal vessels, stretching over 1,300 feet, are marvels of modern engineering and a key component of global trade. Why do the biggest container ships matter? In the 1970s,…
Ocean freight is the baseline for global trade with more than 90% of cargo movements happening via water ways. Major economies, corporate giants, and every facet in between rely on the bustling activity of shipping containers and, most significantly, the vital operations of ports worldwide. The ability of these ports to control the flow of…
Port congestion continues to be a significant concern in global trade as supply chains strive to recover from pandemic-related disruptions while adapting to geopolitical shifts and fluctuating demand. Understanding dwell times for imports and exports at key global ports offers a clear picture of where delays are most severe and where improvements are being made….
As companies grapple with the ever-increasing complexity of their supply chains, with the global logistics market projected to reach $14. 08 trillion by 2028 as per research by Statista, the need for a comprehensive solution to streamline transportation operations has become a strategic imperative. Enter the game-changing strategy of managed transportation – a revolutionary approach…
A staggering 60% of total supply chain costs can be attributed to transportation. But why is that? This is because transportation delays can cost companies billions. A study by the American Productivity & Quality Center (APQC) found that transportation delays can cost businesses an average of 8% of their annual sales. Research by McKinsey &…
Introduction to Supply Chain Predictive Analytics Supply chains are the backbone of any product-based business, ensuring the efficient flow of goods from suppliers to manufacturers to distributors and ultimately to customers. In today’s fast-paced and highly competitive business landscape, supply chain management has become crucial, with companies striving to optimize their operations for maximum efficiency,…