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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. A Positive Example. There are Also Commercial Reasons. The Road to Agility and Resilience.

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Top Logistics Technology Trends to Watch as the Economy Reopens in 2020

MTS Logistics

The sooner brand builders understand the trends driving the future of logistics, the sooner they can prepare for the future of business-related transportation. From route optimization to package analysis and customer support, artificial intelligence is having a huge impact on the logistics sector. Artificial Intelligence.

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Now, there’s a lot of definitions out there, but here’s how I define it. That is one example of a public version of Generative AI. For example, a robot in a warehouse that results in a physical action, or it could just be something as small as, if this event takes place, then make this phone call or change this data.

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Data Quality: Your Digital Transformation Depends on It

Logistics Viewpoints

I like the simplicity and clarity of Informatica’s definition of data quality: Data quality refers to the overall utility of a dataset(s) as a function of its ability to be easily processed and analyzed for other uses. So, what is quality data? What makes good data go bad? And what can you do to stop it before it’s too late?

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Do High Tariffs Help or Hurt?

MTS Logistics

Based on past global behaviors, these are just a few examples of the general consensus among analysts, but the past isn’t always indicative of the future. Even if a trend has appeared within the past 50-100 years (sometimes even longer), it doesn’t mean that it will hold true in the current environment.

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Identifying and Understanding Your Audience

GoShip Blog

Understanding your customer base involves carrying out an in-depth analysis of your archetypal customer. When conducting this analysis, your goal should be to identify and describe your target audience’s longings, desires, needs, and challenges. A customer profile is one of the ultimate goals of customer analysis.

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Inventory Optimisation: How Much Stock is Right for Your Company?

Logistics Bureau

For example, if your cost of goods sold for 2020 was $250,000, and your average inventory on hand was worth $25,000, your inventory turnover ratio would be $250,000/$25,000 = 10, meaning your entire stock of that particular SKU turns over around ten times per year. Using the previous example, dividing 365 days by 10 gives you 36.5