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3, 2, 1... blast off! Into 2023 we go! Let's take a peek into what the future holds. Heading into 2023, there’s still a lot of uncertainty for shippers. Inflation remains stubbornly high, consumer spending has slowed on non-discretionary categories, and FedEx and UPS...
What Is Supply Chain Predictive Analytics? Supply chain predictive analytics use historical and present data and analytics techniques to predict future outcomes. Supply chain managers use sophisticated predictive analysis tools to identify patterns in past data and...
What is Business Intelligence? Business intelligence (BI) is a method of collecting and analyzing business data to uncover valuable insights for making better-informed business decisions. It turns raw data from different sources into a structured, visual medium such...
What Is Supply Chain Management? Supply chain management (SCM) is the management of a network that helps businesses meet customer demands by sourcing raw materials, producing, and delivering products as quickly and cost-effectively as possible. It also includes the...
What Is a Supply Chain Audit? Supply chain audits offer in-depth insights into your supply chain processes and identify corrective actions for internal and external parties. There are two types of supply chain audits, internal and external audits (also called supplier...
What are logistics centers? A logistics center is an area that provides various logistics services, including warehousing, transportation, and storage to businesses and shippers. These large facilities are purpose-built to help companies move closer to transportation...
Top 7 Supply Chain Challenges for Shippers Shippers worldwide have been struggling with logistics disruption since the pandemic, and as a result, they have to deal with a great deal of uncertainty. The increasing variability of customer demand, labor and equipment...
From 18th-century merchants who lost goods during trade and transport, to 21st century’s supply chain managers who rely on technological infrastructure to manage goods and deliver products on time effectively - they’ve all had one evergreen problem. Inventory...
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