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Energy and Labour Costs: 2 Top Warehousing Challenges in 2023

Logistics Bureau

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

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Know Your Supply Chain KPIs – Procurement

Logistics Bureau

Competitiveness of Pricing. The price you pay your vendors for their products is a significant factor in your company’s ability to compete in its market. However, your company probably procures a wide range of indirect supplies, and this is where pricing can impact your competitive advantage. Emergency Purchase Rate.

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Ways to Handle Excess Inventory in Retail

ShipLilly

Saving on costs whilst improving business efficiency Although the principles of “just-in-time” management are highly recommended for pressurized supply chains, it is increasingly difficult to fully implement them. Moreover, the industry was dealing with rising prices and a global economic situation that was far from stable.

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ShipMonk Summits Enhance 3PL Mindsets

Ship Monk

In the fulfillment industry where increasing demand, geographical obstacles, rising costs, and complex supply chains are more temperamental than a Jack Russell Terrier hyped up on sugar, it is vital that 3PL team members are on the same page. And, of course , that the page they’re on is informed, thorough, and forward-thinking.

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What is Supply Chain Resilience?

GlobalTranz

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. Of course, toilet paper and paper towels were in short supply as well. Driving much of the disruption was the fact that COVID-19 changed what consumers purchased and how they purchased it.

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Building Brand Loyalty with Last-Mile Logistics

Morai Logistics

Over the course of the past several months, Morai Logistics has highlighted a significant rise in e-commerce shopping. Omni-channel retailing has also given customers the ability to purchase product across a variety of platforms and devices. This figure has significantly increased over the course of the last few years.

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8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Of course, it is helpful to have some statistics on hand to validate the statement above. Companies with global supply chains—a category which includes a fast-growing number of corporations, medium-sized companies, and even small businesses—can be standing on a cost base of which 90% is attributable to supply chain expenditure. .