Increased component prices are inevitable when demand outstrips supply. But the electronics supply chain is being hammered on all sides – from materials to logistics — with rising costs. As one freight expert put it: “In 2020 and 2021, global logistics just can’t seem to catch a break.” For months, the Institute for Supply Management…
Today’s supply chains are laden with inefficiencies, as most companies rely on antiquated practices to oversee and manage how goods get from place to place. The supply chain is delicate — even one disruption among suppliers, buyers, and logistics providers can have a trickle-down effect that causes waste, time loss, and increased carbon emissions. With…
Supply chain and logistics professionals must increasingly prepare for the impact of severe weather events on operations as many scientists agree that climate change will only worsen dangerous weather. Semiconductor companies are still recovering from snowstorms in Texas, and Germany is reeling from devastating floods. Here are five practical ways to minimize the impact of…
While manufacturing has rebounded from the long Covid quarantine, the supply chain has not. Logistics operations – already short-handed – are dealing with a seemingly unending series of disruptions. And there’s no relief in sight, experts say. Shipping operations at the Port of Yantian, which were scaled back due to a Covid outbreak, have improved,…
Your organization runs a tight ship, building profit by taking advantage of operational efficiencies borne from technological innovations. Thanks to IoT and RFID, you now track products from the point of origin to the point of consumption. So how can you leverage your company’s WAN to optimize your supply chain management? Deploying efficient global supply…
While the integral Suez Canal supply channel is no longer blocked, other supply chain issues remain. In fact, according to a recent report, 24 container ships – with a combined maximum carrying capacity nearly 10 times that of the Suez Canal ship – were recently anchored off the coast of Los Angeles and Long Beach…
A business is only as good as its ability to deliver, relies heavily on logistics. This is especially true for small reseller traders who are often responsible for delivering goods from the global supplier right into the hands of their end customers. For these players, delays and missing or damaged goods can mean a devastating…
Telematics technology — which can refer to any piece of tech that combines telecommunications and information technology — is used across the business world, but it’s particularly valuable for logistics professionals, who face the challenge of managing an increasingly complex network of goods and delivery vehicle fleets. With the right piece of technology, entrepreneurs can…
The supply chain, along with the rest of the economy, is undergoing a major digital transformation right now. The development of new Industry 4.0 tech — like Internet of Things (IoT) sensors and big data analytics — as well as the increasing availability of computer resources has made digitization a more and more compelling option.…
The freight marketplace is experiencing an unusual hitch – a shortage of shipping containers. So far, it hasn’t affected rates. Peak volumes continue to surge, but China-U.S. ocean rates have stayed unchanged for two straight months, according to Freightos, likely due to pressure from Chinese regulators. The sustained sky high prices from strong demand results…