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The global supply chain management market was valued at $15.85 billion and is expected to experience a CAGR (Compound Annual Growth Rate) of 11.2% from 2020 to 2027. It’s predicted to reach almost $31 billion by 2026. Massive supply chain growth implies two...
Three words you never want to overlook in shipping: Last mile delivery. It’s a CRITICAL step in the supply chain for businesses that generate high demand for speedy delivery. I.E. anyone running an eCommerce business. Because as the eCommerce bomb explodes and...
Supply chains are becoming more and more complex due to expansion, globalization, outsourcing, increasing costs, and customer experience customization. The one-size-fits-all approach is no longer applicable as it increases inventory costs and fails to meet customer...
UPS and FedEx have made it clear with their general rate increases for 2022, that they don’t want all package volume. If your service needs don’t fit “nicely” into their networks, then you’re not the ideal shipper they want to work with. Carriers are looking for...
Amazon started in 1995 with a website selling only books. In the initial days, Amazon used UPS, FedEx, and the US Postal Service as its logistics partner. Jeff Bezos’s goal was to sell as many products as possible in small quantities through Amazon. To achieve this...
McKinsey & Company says 44% of supply chain companies report that AI has helped them reduce costs significantly. Around 61% of supply chain companies that introduced AI into their supply chains recorded cost reductions. And 53% of the surveyed companies reported a...
The recent eCommerce boom has also triggered increased logistics and supply chain expenditure. An increase in expenditure means a decrease in profitability - if your supply chain management is inefficient. With socioeconomic changes, supply chains must adapt to...
“In a carrier’s market, if you don’t navigate correctly, you could be left spiraling at the end of Q4.” - Caleb Nelson We've never experienced a year in shipping like this before. And with an unprecedented peak season just around the corner, you need to be open to...
3PLs stand for Third Party Logistics. Manufacturers often outsource their eCommerce logistics operations to third-party logistics companies to save supply chain management costs. According to a 2019 study by Korn Ferry, 91% of manufacturers who used 3PLs noticed that...
Imagine this - There’s an Indiana-based eCommerce company that manufactures pillowcases. Their sales are booming, business is growing, and they’re looking to redesign their facility to streamline warehouse operations in order to reduce their shipping and logistics...
