article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

A factory in Suzhou was the company’s main manufacturing site for its semiconductor test equipment, which it subcontracted to Flextronics. percent of returns, or $101 billion worth, were fraudulent last year, according to a survey by Appriss Retail and the National Retail Federation. billion worth, the survey found.

article thumbnail

Exiger Has Taken the Supply Chain Risk Market by Storm

Logistics Viewpoints

In December of 2023 it was reported that $1.2 Then the solution maps any kind of event that could keep any one of those parts from arriving at a factory on time. First, it is done through surveys. But no survey-based mapping is ever complete. Supply chain risk solutions are hot. Lately, Exiger has been in the news.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chinese New Year Supply Chain Chaos?

Logistics Business Magazine

A larger share of freight forwarders and supply chain professionals this year in 2023 are expecting disruptions owing to COVID outbreaks in China and the Chinese New Year factory closures as compared to the last year (2022). “We Amidst this, in the coming weeks, we foresee prolonged factory closures and bearish market conditions.”

article thumbnail

Could gamifying music in warehouses unlock morale and boost efficiency?

Logistics Business Magazine

Almost nine in 10 warehouses pop on the tunes for their workers, as a survey of employees by music licensing company PPL PRS found that of those that don’t, the majority (89%) wish they did. But before you press play, remember you will usually need to have a music licence to play music within a warehouse or factory.

article thumbnail

Navigating the Loading Bay’s Hidden Risks

Logistics Business Magazine

Still, in 2023, 55,000 UK workers suffered from work-related health issues, and 29,000 workers were injured. One survey found that 64% of businesses across materials handling, distribution, or fulfilment had forgone business worth more than 25% of their revenue in 2022 because of staffing issues. from 2023 to 2030.

article thumbnail

The impact of new technology on manufacturing education

SYSPRO Smarter ERP

Every factory runs on the back of hundreds of specialized skills, some of which take a long time to master. According to a 2023 World Economic Forum report , adoption of technology will remain a key driver of business transformation over the next five years. Are you thinking digital fluency, critical thinking and collaboration?

article thumbnail

Core System Optimisation Vital Link for Supply Chain

Logistics Business Magazine

According to the Business Continuity Institute’s 2023 Supply Chain Resilience survey, concerns about new laws and regulations increased by 40.5%, representing the fifth biggest concern for organisations. Basis Technologies recently found 59% of enterprises still uses manual Excel spreadsheets for business-critical SAP management.