Category:- Supply Chain
You can find all the supply chain related posts here.
In the present cutthroat era, starting your freight forwarding business from ground level can be difficult, but it’s highly rewarding at the same time. Without proper guidance, knowledge, skill sets, and execution, you may commit mistakes that may prove to be very costly in the long run. Starting a business requires you to understand each business element with the current trends and practices in the industry you are going into.
In this article, we’ll look at some of the best supply chain KPIs and some tips on how to improve these metrics. These are quantifiable measurements used to determine supply chain performance and efficiency, whether it’s meeting set goals and objectives.
A warehousing business involves the purchase of goods from a manufacturer and temporarily storing them before they are delivered to another site for fulfilment. Setting up a warehouse involves consideration of a lot of aspects, some of the key steps in starting a warehousing business are listed in the blog.
Freight Forwarding Company manages all logistical aspects of shipping cargo by air or sea. Freight forwarding is the movement of goods on behalf of the cargo owner. They coordinate the booking of cargo space on the vessel, the insurance of your goods, the real-time monitoring of your cargo, and the preparation of all necessary documents for the end customer.
In the last 10 years, Colombian consumers’ tastes and preferences have changed as they seek to try new products and demand higher quality and product innovation.
The growth trajectory for Colombia is extraordinary! The ability for the country to manufacturer products and ship on time to the USA makes it an ideal partner and poised to manage the labor shortages that plague the USA for the rest of the decade.
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.
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.
Driven by dramatic eCommerce upticks during COVID, there is no sign that automation in warehouses and logistics operations will slow anytime soon. Compounded by the Great Resignation, there are not enough hands to fulfill all the online orders. Consumer expectations are higher than ever, with same day delivery a requirement, and a four hour window preferred.
On-demand warehousing is a flexible solution for businesses seeking to expand and manage inventory fluctuations. It allows businesses to use warehouse services on an as-needed basis through a pay-per-use model, allowing them to avoid making long-term commitments. Multiple industries, including those dealing with fast-moving consumer items, industrial production, and hospitality, can benefit from on-demand warehousing. This concept can be utilised by both large and small businesses trying to improve their supply networks.