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Flexibility in the Face of Uncertainty

Freightos

Of course, the economic viability of these types of shipments is limited to specific commodities. While COVID did see some modal shifts of everything from wheat to Peloton exercise bikes, there are certainly products that are less likely candidates for shifts. He’s proven go-to-market and growth leadership across industries.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. Lengthy lead times and high transportation costs can increase the cost to serve for some customers and products while staying hidden amid the bigger picture. Are Your Profit Margins Declining?

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COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. The companies most likely to emerge strongly from the Coronavirus crisis are those that had diversified their operations and implemented multi-sourcing strategies. 2) Diversify Your Operations. 4) Create Redundancy.

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3 Tax Area Questions to Ask Yourself Often Overlooked by Shippers & Transportation Providers (and all Business Owners)

GlobalTranz

In more than 25 years of private practice and consulting with businesses of all sizes, I’ve learned that one of the most beneficial exercises is asking the right questions. 3 Tax Issues (of 6) often Overlooked by Transportation Companies and Most Businesses. #1: Uncategorized transportation tax questions'

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8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. What’s wrong with this picture?

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The Power of Outsourcing for Supply Chain Improvement

Logistics Bureau

But, of course, what those circumstances are is for you to decide. Many logistics service providers, for example, have invested in advanced technologies such as process automation, machine learning, and artificial intelligence, which they use, on behalf of their clients, to streamline warehouse and transportation operations and reduce errors.

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No Supply Chain Strategy? Here’s How to Develop One

Logistics Bureau

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.