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6 Unheard Tips to Optimize Reverse Logistics in Your Business

3PL Links

Reverse logistics is a logistical procedure that involves bringing a product back to the distribution site from the point of consumption, such as when a delivery attempt fails or when a product is returned to the store. Invesp conducted a survey that revealed that 30% of online purchases worldwide result in returns or exchanges.

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Mastering the Unexpected: Four Essential Tactics to Handle Unpredictable Events in Retail

Locus

As per research by supply chain dive , 59% of retail participants that were surveyed told that they would hike pricing to mitigate impact from supply chain disruptions and 36% said they were taking a margin hit to keep price levels. And it does translate to serious business losses.

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FourKites summit covers positive environmental impact

Logistics Business Magazine

The half-day event will be broadcast live from Amsterdam on 9th March 2022 and be streamed to participants worldwide. According to a survey by Reuters and FourKites, 84% of European supply chain leaders are either increasing or staying focused on their sustainability commitments.

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Gartner Supply Chain Symposium/Xpoâ„¢ 2023 Highlights: A Human-Centric Approach to Unlocking Productivity

Locus

Throughout the three-day event, industry analysts and speakers shared their perspectives on crucial subjects such as logistics automation, workforce efficiency, AI, last-mile optimization, and customer experience. Watch the Gartner Event In it, she discussed the importance of harnessing the collective potential of supply chains.

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Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains

3PL Links

Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains | Image source: Flickr Understanding logistics trends is essential for business, and trend research may help organizations of all sizes predict changes, spot areas for innovation, and remain relevant in a market that is becoming more and more competitive.

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3 Supply Chain Trends to Keep an Eye on in 2020

AIMMS

This promises to be a very eventful year. More and more enterprises will be focusing on processes like ethical sourcing, reverse logistics, and using green materials in response to public demands. Our recent Demand Forecasting survey shows that teams anticipate more complexity in the supply chain.

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The two ‘C’s of retail returns – commerciality and convenience

Logistics Business Magazine

Big events cause seismic ripples through this system and the recent re-introduction of paid returns is no exception. According to an April survey by shipping and mailing company Pitney Bowes, online returns cost retailers an average of 21% of order value. Estimations vary over how much money retailers lose to returns each year.