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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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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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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. Governments are also relying on AIMMS-based tools to assess the costs and benefits of renewable energy subsidies.

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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. Governments are also relying on AIMMS-based tools to assess the costs and benefits of renewable energy subsidies.

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10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

GlobalTranz

Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. Internal tools have a way of making the company appear better than it truly is. Create a Near-to-Consumer Means of Managing Parts Procurement.