Reverse logistics is one of the most complex processes in the supply chain. After all, the supply chain was traditionally created to flow in one direction only from the suppliers to the end customers. However, increasing competition among retailers, changing customer expectations, and a marked growth in online shopping have made reverse logistics a regular […]
Delivery costs can be a silent killer. If you don’t control your expenses, the costs will bring your business to the ground faster than you can even imagine. Just consider, according to a report, logistics expenses in the US went up to a whopping $1.63 trillion last year. The transportation costs alone amounted to $1.06 […]
Coca-Cola is almost everywhere. Name a country and you will find them there. According to Market.us, over 10,000 Coca-Cola soft drinks are consumed globally per second. That’s incredible! Also, the company tops the chart of the world’s most chosen consumer brand, according to a report by Kantar, a leading data, insights, and consulting company. The […]
The logistics industry has been going through a lot of rough patches for the last couple of years. Earlier logistics was treated like an isolated operation from the rest of the product life cycle and was never efficient. So, for the last 10 years, the logistics transportation industry has struggled with: Meeting promised delivery schedules […]
The global outlook for the logistics industry looks promising, having been valued at about $4,730 billion in 2018 and expected to reach $6,300 billion by 2024. However, getting a significant share of the pie is not easy for logistics providers. Why? Because they are still battling to resolve logistics management issues, such as reverse logistics, […]
When you are running a business that relies heavily on logistics, there’s always the threat of failure. Your decisions get affected by threats – whether it’s the threat of an overly competitive market, financial threat, or the threat of employees making mistakes. Business analysts have divided these threats into various types of risks- two of […]
The eCommerce industry is growing at an incredible rate. Consumer expectations are growing as well. A decade or two ago, people were happy as long as their orders got to their house within a day or two of the scheduled arrival date. Now, people expect retailers to offer next-day or even same-day shipping. Also, they […]
No industry is safe from the transformative power of technology. Take the news industry, for example. The rise of the internet has forced newspapers to shift their focus from physical print to online publishing. The internet has changed many businesses, in fact, allowing for the formation of entire new industries (such as e-commerce) while rendering other industries […]
Supply chain execution is hard. You cannot afford a single shortfall and it has to be both cost-effective and efficient. Many online retailers are aware of this, but their execution still goes wrong. They end up paying high shipping costs, experiencing a loss of revenue and receiving many customer complaints. Well… there are several reasons […]
Many business owners set performance goals that support becoming the best logistics company out there. Yet, many don’t even make it to conducting daily operations that leave much of a profit margin (which can be improved with route optimization software). Why? They set goals based on assumptions and not based on real data. In a market […]
