article thumbnail

Savvy Supply Chain Leaders Aren’t Letting a Good Downturn Go to Waste

Logistics Viewpoints

These are the companies and leaders that aren’t letting a good downturn go to waste. For example, imagine your company moves 10,000 containers a year with an average contents value of $75,000. Let’s not waste it. 17% went bankrupt, went private, or were acquired. Reduced working capital. He lives in Chicago.

article thumbnail

5R of Waste Management: Refuse, Reduce, Reuse, Repurpose, Recycle

Compactor Management Company

Are you thinking about or currently implementing the 3R principle of waste management: reduce, reuse, recycle , there’s news for you. The new, simple, yet effective waste management mantra is the 5R principle: “refuse, reduce, reuse, repurpose, and recycle”. So, let’s take a look at each of the 5R of waste management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Path to and Benefits of a Zero Waste Supply Chain

Morai Logistics

Sustainability is becoming increasingly important in supply chains—here’s why a zero waste supply chain is not only realistic but beneficial. . With that said, converting a supply chain to zero waste doesn’t have to be difficult or complicated. What is a Zero Waste Supply Chain? Why is it Beneficial?

article thumbnail

Marketing Strategies for Small Businesses: 6 Steps to Building the Perfect Marketing Strategy 

GoShip Blog

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

article thumbnail

The Most Overlooked DC Performance Strategy

Logistics Viewpoints

For example, related to warehouse technology, a recent Lucas Systems industry study found 89% of respondents agreed that implementing artificial intelligence-based software within distribution centers can provide a competitive advantage. This solution significantly reduced shipping costs by eliminating wasted cardboard and dunnage.

article thumbnail

The Principles of Waste-Free Product

Bringg

In this post I will try to quickly explain the top level, most important principles on how to develop a waste-free product flow. One reports suggests that 45% of features are never used, and are a waste of time for the product, design and R&D teams. Working in a short loop market feedback, with zero waste, is golden.

article thumbnail

FedEx CIO Attests to Data-Driven Strategies in Pandemic Times

IoT World Today

As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.