When selecting a Logistics Outsourcing partner, it’s crucial to carefully evaluate their experience and reliability. A partner with the right expertise and a strong track record can help streamline your supply chain, ensuring smooth operations and supporting your business’s growth and success…
Logistics outsourcing is more complex than before. One of the challenges is the unexpected surge in consumer spending. Although an economic slowdown was anticipated, demand remains high. This gap between supply and demand adds further strain to logistics, complicating the management of orders and deliveries…
Many companies think a new warehouse is the answer to their problems. But is it really necessary? In some cases, you can get more out of your current warehouse by optimizing its layout and operations. Excess inventory is a common culprit for space shortages. During the pandemic, many businesses increased their stock to navigate supply chain disruptions…
When establishing requirements for distribution centers and warehouses, I often see three common errors, especially concerning design and location selection. These pitfalls can be costly and time-consuming, but the good news is you don’t have to make them. One major mistake is designing the warehouse layout after acquiring land or leasing a new facility…
f you haven’t reviewed your distribution network in the past five years, it’s crucial to make this a priority. Distribution networks are complex and require regular evaluations to ensure they remain efficient and effective. Regular reviews help uncover inefficiencies, address potential issues, and align your network with your business’s growth objectives…
Without focus, things can go wrong. It’s important to find the key areas in your supply chain that need attention. But what exactly should you focus on, and how can this help your business? The first critical step is to conduct a cost to serve analysis. Distribution networks can also become outdated as organizations grow and evolve. It’s important to assess how products flow through your network…
One common mistake is not giving enough time for the outsourcing process. Many businesses wait until their contracts are nearly up, leaving little time to find a new provider. In today’s busy market, that’s a major issue. Always start the process at least six months in advance to ensure you find the right partner. Another issue is not providing enough detailed information to potential suppliers…
With supply chains always evolving, you can’t afford to take your eye off the ball when it comes to management and efficiency. One minor oversight can quickly lead to bigger issues down the line. By staying proactive and looking for areas to improve, you’ll keep your supply chain on track. The need for new or upgraded warehouses is on the rise. Many companies are facing unprecedented demands for space…
Have you considered the future possibilities for ocean freight and global logistics? In this rapidly evolving field, being informed about trends is a must for those on the front lines. Technology, especially in infrastructure, is driving everything – ships, ports, you name it. The major focus we heard repeatedly was achieving carbon neutrality by 2050, as mandated by the International Maritime Organization (IMO). Some companies are pushing for 2030 as a midway goal…
The shipping industry faced huge disruptions due to the pandemic, particularly with soaring demand, especially in e-commerce, and a massive rise in ocean freight rates. From 2020 to 2021, rates increased by up to 50%, and service reliability dropped. However, we’re starting to see things return to normal. Rates are stabilizing, with predictions that they’ll eventually settle to levels seen in 2019, with minor fluctuations based on market factors…