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COVID Has Fundamentally Changed the Profession of Supply Chain Management

Logistics Viewpoints

The toilet paper shortage was one of the COVID era events that taught people what the term “supply chain management” meant. In warehouses, for example, one solution is labor management. Multinationals knew that events could occur that could cost them tens, or hundreds of millions of dollars.

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For Many, the Annual Freight Bid Season is Not “The Most Wonderful Time of the Year”

Logistics Viewpoints

At the same time, a retailer whose product demand drops sharply has less need for transportation capacity and therefore tenders lower volumes to contracted carriers. The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes.

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FreightHub stays on course – our crew successfully steers our customers digitally through the corona crisis

Forto

The supply chain, the heart of logistics, suffers from production and transport failures. When dealing with a crisis – whether it is caused by a pandemic, a natural disaster , or political events – we believe that, in addition to communication, three factors are crucial. But our approach goes even further.

Course 52
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FreightHub stays on course – our crew successfully steers our customers digitally through the corona crisis

Forto

The supply chain, the heart of logistics, suffers from production and transport failures. When dealing with a crisis – whether it is caused by a pandemic, a natural disaster, or political events – we believe that, in addition to communication, three factors are crucial. But our approach goes even further.

Course 52
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The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur. Of course it would!

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LOST AT SEA: Protecting Your Shipments with Marine Insurance

Trans Global Auto Logistics

While this example may seem extreme, this incident happened in late 2020, and there have been several other similar incidents since. Of course, most cargo arrives without issues, but if 2020 taught us anything- it is that we should always prepare for the unexpected. So, what causes cargo to go overboard?

Events 98
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Mastering Profitable Omni-Channel Logistics, Despite Disruptions

Logistics Viewpoints

For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% Transportation: Moving to a Digital Environment. due to the higher costs associated with online selling.