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Analysis: Today’s Global Economy vs. Global Container Shipping

MTS Logistics

For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% Freight Rate Volatility Economic slowdowns lead to heightened competition among shipping lines, with companies bidding for a smaller pool of available cargo. Considering higher capacity, with reduced demand, these tools have barely any impact. increase from 2020.

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Why Driver Availability Is On the Decline & How to Cope With the Challenge

WorkWave

Driver availability in the delivery, transportation and logistics sectors has become a critical issue with widespread ramifications for businesses and consumers alike. Current State of Driver Availability Statistics The trucking industry, which is pivotal to the economy, is grappling with an unprecedented shortage of drivers.

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Why manufacturers should integrate business intelligence tools into their ERP software

SYSPRO Smarter ERP

Here’s an example. That information is readily available, but with BI, you can dig down into the numbers and easily slice the figures in different ways. Mid-market manufacturers need a tool that’s tailored to their needs. The BI tool needs to be able to easily pull all this data together for analysis.

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Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.

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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

They’re just available more widely today because of the lowered cost of processing power, rise in cloud technology availability, and ability to push it out in more cost-effective manners. That is one example of a public version of Generative AI. But you must make sure you’re on the right (private) version of the tool.

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AI-Powered Inventory Planning for Better Sleep

Logistics Viewpoints

It serves as a compelling example of how retailers must reassess their inventory strategies to adapt to rapidly shifting market demands driven by trends. For instance, if category managers want to aim for 100% availability of tart cherry juice, they can set the target service level accordingly and allow AI to optimize inventory levels.