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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. Navigating the Storm: Strategies for SMB Importers in 2024 There is no golden ticket for solving these challenges.

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This Week in Logistics News (November 25 – December 1)

Logistics Viewpoints

million shoppers hit the stores and the internet to capitalize on Black Friday and Cyber Monday deals, according to a survey by the National Retail Federation. million people in 2022 to 121.4 Amazon’s outsize growth combined with strategy shifts at FedEx and UPS have changed the balance. million this year, up from 130.2

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Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. As you evaluate strategies to mitigate risk and build resilience, beware of headlines blaming JIT inventory practices and recommending a move to JIC.

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Transportation costs drive regional divide

Logistics Business Magazine

The study, conducted by Economist Impact, surveyed executive-level participants representing businesses in 26 major countries across the globe. For example, 42.5% of executives surveyed in South America and Africa respectively identified higher transport costs as the top limitation for increasing exports. This compared to 19.9%

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This Week in Logistics News (February 11 – 17)

Logistics Viewpoints

network this year after its initial success at select facilities in 2022. The rate rose to $8,607 on April 1, 2022, from $3,174 a year earlier. The booming shopper interest in sustainability is having a major influence on supermarket operating strategies. West Coast was $2,618 as of Feb.

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Using Predictive Analytics For Better Supply Chain Resilience

Blue Grace Logistics

We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. 51% of the respondents in a global Reuters survey felt that the most perplexing challenge is the unpredictable nature of consumer demand. billion by 2022. Simple Examples of Predictive Analytics.

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How Loyalty Programs Benefit Ecommerce Brands

Ship Monk

For example, if your ecommerce brand asks for a birthday or birth month under the guise of special annual rewards, a customer will know to expect a free gift with purchase or discount at a specific time of year, which is a great incentive/prompt to shop then. This is just one example of how a tier system can be structured.