Articles
Finance
Shared Truckload Creates Efficiencies, Reducing Shipment Costs
COVID-19 upended supply chains, increased costs, and tightened capacity, leaving shippers struggling to deliver high-quality service. Shared truckload could be the answer. Q: How has shared truckload alleviated shippers’ issues during the pandemic? A: Capacity challenges and increased costs across supply chains have driven shippers to become more creative and innovative. When faced with substantially […]
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3 M’s to Cut Supply Chain Costs
As the global supply chain settles into the COVID-19 technology-driven and customer-centric decade, there’s no time to pause and reflect on what has happened. Now is a time for action. Pick up the pace and ensure your processes are leaner and faster, and you are equipped to meet your customers’ expectations.
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Master Class in ROI
Large companies invested $153.4 million on average to transform their supply chain in the past three years, but only 10% of leaders became "masters" in achieving a profitable customer experience, according to a survey from Accenture. Successful companies took the following steps, according to the study: Customer-first approach. They base their supply chain strategy on […]
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Outsourced Manufacturing: Achieving Quality and Financial Goals
Manufacturers have been outsourcing noncore production processes for decades, and the trend continues. The key to successful outsourcing is assuring the 3PL value-added assembler (VAA) has a quality management system.
Read MoreHow to Make Supply Chains “Antifragile”
Cost savings has been the number one priority for heads of procurement and finance across industries. Unfortunately, there is a common misconception that this must be achieved through lean, just-in-time processes and a focus on limited inventory. COVID-19 exposed just how quickly this can create shortages in critical industries like food and manufacturing — in […]
Read MoreFive Keys for Turning Challenge into Opportunity
To capitalize on what they’ve learned, transform, and thrive in a post-COVID world, supply chain leaders should focus on the five core pillars: People. Leaders must reassure, clarify, protect, encourage, motivate, recognize, and reward people they manage. Each of these actions can make a fundamental difference in a successful post-COVID-19 transformation. When the crisis hit, […]
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Fortune 500 Retailer Finds Cost Savings, Improves Performance with Data Solution
With RateLinx’s TracLinx module, an electronics retailer boosted the accuracy of its shipment tracking data, gaining real-time visibility for data-driven insights into its logistics performance.
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The High Cost of Invisibility
The research is well documented and it’s not pretty. Supply chain visibility is a key driver to a company’s success, yet remains a top challenge. Nearly 7 in 10 procurement executives say they do not have full visibility of their supply chains, according to the Business Continuity Institute (BCI).
Read MoreDistributors, Shippers Eye Surcharging to Stay Afloat Amid COVID-19 Outbreak
Logistics is one of the many sectors currently grappling with the impacts of COVID-19 on the bottom line. The need for seamless supply chains is paramount, with much of the world looking to the industry to feed families, maintain infrastructure, and even deliver essential medical equipment to front-line healthcare workers. Although the industry is among […]
Read More3 Ways to Mitigate Supply Chain Slowdowns
As the supply chain faces factory closures and limited access to employees and logistics to move goods amid the COVID-19 outbreak, leaders can help ease disruption by focusing on their workforce, products, and costs. Gartner recommends: 1. Support Your Workforce To limit the impact of COVID-19, governments and employers instructed many employees to stay at […]
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