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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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Emerging Trends in Automation: What it Means to Supply Chains

GlobalTranz

This example generates a huge amount of data that can leverage in the supply chain. While this example may still be a few years off, it is important that you understand how the top emerging trends in automation will shape supply chains and transportation processes in the coming years. Additive Manufacturing –.

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TRENDS THAT WILL CHANGE THE LOGISTICS OF THE FUTURE

Logistics at MPEPS at UPV

For example, to predict equipment failures and reduce crash risks using visual and acoustic sensors in maritime transport. Cobots will be needed to efficiently perform delivery order processing services. In the near future, supply chain management is expected to use IoT and edge computing to generate automated data in real time.

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Artificial intelligence and machine learning in supply chain management

EazyStock

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. AI can adapt in near-real-time to changing conditions and develop new knowledge by processing more data and revealing more patterns and trends than humans can. Using AI to improve demand forecasting.

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How Much Inventory Should I Stock in a Post-COVID World?

Stord

What’s more, many brands were not prepared to sell direct to consumer (DTC)—a trend that only accelerated during the pandemic. And, conversely, in-person shopping is once-again popular, causing DTC brands to diversify with B2B sales channels that bring greater complexities to their supply chain processes. until after the holidays.

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Coronavirus Series – Inventory Management Challenges & Solutions

EazyStock

Taking all these variables into account, reorder points and quantities are set, and a daily list of recommended orders is produced to feed back into your ERP to create purchase orders. For example, highlighting unusual dips in demand or longer than expected lead times. Identifying Changes in Demand.

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How to Calculate Inventory Holding Cost or Carrying Cost

Ship Monk

Before you can calculate carrying cost, you’ll need to calculate the following numbers: Opportunity Cost: This is the amount of capital (cash) you have tied up in unsold inventory that could have been invested elsewhere (on more profitable products, for example). Set reorder points for each SKU and automate the reordering process.