Logistics in a general business sense, manages the flow of goods between the point of origin and the point of consumption to meet the requirements of customers or corporations. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items.
ByForbes
A family friend called me the other day asking why it felt like she was paying twice as much for groceries as last year and why she couldn’t always find some of her favorite items. I’ve also noticed some local grocery chains are raising prices, but they are also running 5-10% out of stocks on…
ByForbes
The Biden administration today announced a series of new steps that will be taken by companies and organizations in the private and public sectors to help address the continuing supply chain crisis in the U.S. The White House said the actions are designed “to move more goods faster, and strengthen the resiliency of our supply chains, by…
Supply chains are adapting, not failing Much of the time most people do not think about the complex choreography that makes modern shopping possible. You just click and wait—and not too long, mind—for a package or three to arrive on your doorstep. Over the past few months, however, the world’s supply chains have elbowed their…
Will prolonged disruptions shift the pattern of trade? A giant ship wedged across the Suez canal, record-breaking shipping rates, armadas of vessels waiting outside ports, covid-induced shutdowns: container shipping has rarely been as dramatic as it has in 2021. The average cost of shipping a standard large container (a 40-foot-equivalent unit, or feu) has surpassed $10,000, some…
A supply chain crunch that was meant to be temporary now looks like it will last well into next year as the surging delta variant upends factory production in Asia and disrupts shipping, posing more shocks to the world economy. Manufacturers reeling from shortages of key components and higher raw material and energy costs are…
ByEY
COVID-19 has exposed long-standing weaknesses in how we make and sell goods. The solution is digitization and automation, in four steps. In brief; the global supply chain, in its current form, is incapable of withstanding the disruptive forces of tomorrow. Fast-changing consumer preference, environmental disruptions and intrinsic changes to the global order are key drivers…
