Category:- Logistics
You can find all the logistics related posts here.
Only Technology Can Solve the Industrial Supply Chain Crisis
Digital B2B eCommerce, while extraordinary, triggered the scope of the supply chain problem. Buyers purchase more online. This frictionless purchasing path has driven demand at a time when supply chains are fragile. Companies react to shortages by stockpiling supplies, exacerbating the misaligned inventory. These supply chain challenges are further aggravated by worker shortages found in every vertical segment.
What Is Elastic Logistics?
Elastic logistics is a technique for expanding and contracting logistical capabilities as needed, thus enhancing the overall cost-efficiency of the supply chain. Elastic logistics enables businesses to operate their supply chains more efficiently in response to market swings, scaling up or down based on seasonal activity and other factors. Lean or just-in-time business models have been around for some time, but elastic logistics is gaining popularity.
Top 8 Technologies Shaping The Future Of Logistics
The logistics industry is constantly evolving. New technology and innovations are transforming the way we ship goods around the world. In the nearest future, what has been the traditional way of shipping will possibly be enhanced by technology. Ahead, we will take a look at eight (8) of the most influential innovations that will be shaping the future of logistics.
7 Major Benefits Of Just-In-Time (JIT) Process
Inventory management assures adequate supply to fulfill customer demand. Inventory management tools and practices can help businesses forecast and satisfy customer demand. For effective inventory management, purchasing, reorders, shipping, warehousing, storage, customer satisfaction, asset turnover, and other data are collected and analyzed. The goal is to maximize earnings with little inventory investment while maintaining customer satisfaction. Inventory management can assist prevent stock-outs and overstocking.
A Just in Time programme has numerous advantages, which will be discussed in this blog.
What Is Warehousing?
Businesses can temporarily store products and optimize shipping to customers with the help of warehousing. Even repackaging products for marketing purposes or optimizing the package for last-mile delivery is possible thanks to warehousing. These are essential steps for ensuring that products move through the supply chain to the final customer, ensuring that they have the best experience possible.
3PL vs 4PL: Understanding The Key Differences
When looking for fulfillment providers, you will most likely come across two terms: ‘3PL’ and ‘4PL.’. While 3PLs are far more popular, both phrases refer to outsourcing fulfillment and e-commerce logistics services, so understanding the distinction is critical. In this article, you’ll understand the essential differences between a 3PL and a 4PL to help you decide which type of logistics provider is best for your company.
4 Major Benefits Of Blockchain In Supply Chain
While blockchain technology is still in its infancy, particularly in logistics operations, its promise for the sector cannot be questioned. It can transform every aspect of logistics, from inventory management to transportation tracking. By utilizing blockchain technology for data authentication, the entire supply chain can contribute and authenticate data with the confidence that it will not be tampered with. We will examine several ways that blockchain technology can assist the supply chain in today’s blog.
Role Of Artificial Intelligence In Logistics
New technology such as artificial intelligence (AI) has impacted most industries and logistics is no exception. The advancement of AI has transformed the world of logistics. Among the most notable breakthroughs made possible by this technology are warehouse automation, self-driving vehicles, predictive analytics, and intelligent highways. This robust technology enables the automation and simplification of multiple operations, enabling businesses to save time and money.
5 Key Types Of Customs Duty
Import duty is a tax levied on commodities brought into the country from foreign countries. Duties are calculated based on a variety of factors, including the items’ value, origin, and kind. They are established and serve as a source of revenue for the government, as well as a safeguard against fierce international competition for indigenous companies. Tariff and customs duty are synonyms for import duty. This article will discuss the various Customs Duties categories that you should be familiar with.
