Labor shortages, rising inflation, and market volatility aren't likely to make shipping any easier this upcoming year. These strategies may help.In 2022, shipping companies faced daunting challenges, from inflation and rising fuel prices to labor shortages and severe weather. That has led many business owners to struggle to maintain a ...
Artificial Intelligence, or AI, has found its application in many industries, including inventory management, supply chain management, and warehousing.In today’s modern marketplace, led by competitive SMBs and interconnected technologies that link sellers and buyers globally, being able to respond to change quickly is of utmost importance. Companies of all sizes ...
While some severe pressures from the pandemic are starting to ease, there are still many global supply chain obstacles business owners should keep their eyes on.Various outside forces have disrupted supply chains since the pandemic. High demand and bottlenecks have slowed international trade, the pandemic has transformed the workforce and ...
The supply chain crisis has been much in the news of late. It’s not difficult to understand why. The crisis has had a profound impact across industries and throughout the global economy. It has contributed to surging prices, layoffs, productivity declines and empty store shelves.However, there is hope on the ...
The most significant risk to today’s supply chain is the supply chain leader’s entrenched beliefs in historical practices. Functional excellence and enterprise transactional efficiency dominate the digital supply chain agenda. As a result, we find progress stalled on building multi-tier supply chain visibility.Unlearning is hard. Building supply chain visibility requires ...
As industries have learned, both consumer and business needs can change in the blink of an eye, and supply chains must also be ready to turn on a dime when demand for goods hits an imbalance. We are already a month into 2023, and economic forecasts indicate a lot of ...
EDI, or Electronic Data Interchange, has been an integral part of the global supply chain for decades, revolutionizing how businesses send and receive information. EDI has profoundly impacted how the world does business, from automating purchase orders and invoices to streamlining global trade. This process will work smoothly if you ...
Many of the constraints to supply that caused headaches in 2021 and into 2022 have eased, for reasons good and bad. (Good: Capacity rebounded. Bad: Demand slumped.)But shortages haven't disappeared completely. Specific circumstances — from geopolitical and environmental turmoil to localized demand surges and more — are leading to stockouts ...
As we move post-pandemic, post CHIPS Act, post Inflation Reduction Act, our supply chain remains fragile yet central in the global commerce conversation. At the dawn of 2023, we sit atop a looming recession, war, an overflow of pent-up goods, and an outpouring of AI. What is in store for ...
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