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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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3 Supply Chain Trends to Keep an Eye on in 2020

AIMMS

More and more enterprises will be focusing on processes like ethical sourcing, reverse logistics, and using green materials in response to public demands. Dubbed YAFO, the modeling tool also helps users understand how forests will adapt to a changing climate, drawing on data from multiple European countries. .

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Gartner Supply Chain Symposium/Xpo™ 2023 Highlights: A Human-Centric Approach to Unlocking Productivity

Locus

The need for dedicated reverse logistics ownership and governance One of the most interesting sessions that stayed with us was “You Spin Me Right Round: How to Master Returns Management” by Tom Enright, VP Analyst, Gartner.

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

3PL Links

Efficiency in reverse logistics : improves reverse logistics efficiency by enabling thorough tracking of returned goods, streamlining procedures, and cutting waste. This could entail developing hypothetical options, examining patterns, and applying various methods, such as surveys.

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Inbound vs. Outbound Logistics: Understanding the Key Differences and Optimizing the Last Mile

Locus

of supply chain managers use Excel spreadsheets as a management tool. Customer service and satisfaction: According to a survey by PwC , 1 in 3 customers would leave a brand they love after just one bad experience. The complexity of returns and reverse logistics shouldn’t be underestimated.

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3 Supply Chain Trends to Keep an Eye on in 2020

AIMMS

More and more enterprises will be focusing on processes like ethical sourcing, reverse logistics, and using green materials in response to public demands. Dubbed YAFO, the modeling tool also helps users understand how forests will adapt to a changing climate, drawing on data from multiple European countries. .