Working with the right supply chain management company can help companies reduce inventory, speed the time to market, shorten cycle times, decrease costs, and free tied-up cash that can help your company fuel other initiatives. Achieving a reduction in total supply chain lead-time will contribute to inventory reduction and even prevent excess inventory. Read on …
Successfully growing an e-commerce business means managing growth, just as it does in any other industry. Expanding too rapidly can strain your capital resources and your ability to fulfill orders reliably, but failing to take advantage of growth opportunities limits your potential upside. One crucial decision along that path is whether and when to outsource …
The COVID-19 pandemic certainly was a brutal body slam to the world, impacting things both economically (the GDP fell by 1.2% and unemployment rose to over 14% in the U.S. in the first quarter of 2020) as well culturally. With all this came a “new normal” — different ways of thinking and new rules and regulations, all …
While it’s no surprise that the pandemic has been good for e-commerce and logistics — Amazon’s sales were $96 billion for Q3 2020, representing a 37% year-over-year increase — COVID-19 isn’t solely responsible for advancements in the logistics industry. While many believe that the pandemic hastened the adoption of technologies that can source, pack, and ship …
In the age of online retail, customers have higher expectations than ever for store inventory and customer service. This makes it increasingly important to focus on efficient inventory management. With increased competition from other online retailers, it’s easy for them to shop elsewhere if customers are unsatisfied with your shipping and return policies. A comprehensive …
Partnering with a third-party logistics provider (3PL) was a sound business decision for many shippers even before the COVID crisis. Still, the pandemic has made a case for a logistics partnership even stronger. COVID-19 has disrupted the supply chain, globally and locally, in ways that would have been unimaginable just a year ago. Partnering with …
Until recently, the trends in your retail supply chain were easy to track and prepare for. There were always the seasonal peaks and valleys, and, depending on your business, they tended to stick to the same trajectories, year after year. Then there were the growth periods when demand increased from the same period of the …
If there’s one thing 2020 has proven, it’s that supply chain logistics can’t be managed on autopilot. Timely, up-to-date data and analytics are how you maintain resilience in your supply chain during a crisis, but more importantly, they’re also how you drive efficiency in your day-to-day operations. Efficiency, agility, and responsiveness, in turn, can drive …
Your business — in some ways, it’s very similar to many other companies in the same space, yet in others, it is intensely unique. Your product offerings and corporate culture definitely make yours one-of-a-kind, but like the other companies, you’re finding that you’re putting more and more time and resources into keeping your supply lines …
With the growth of e-commerce, many businesses depend on third-party logistics providers to manage their distribution, storage, and fulfillment. Their “pick, pack, and ship” expertise might be an unrecognized part of the customer journey, but it’s vital to the customer experience. If there are problems in fulfillment, customers will not blame the 3PL — they’ll …