The logistics market is projected to hit $12,975.64 billion by 2027, registering a 6.5% growth rate from 2020 – and it’s no surprise why. As the world continues to get interconnected, consumers continue demanding readily available goods at short notice. For these demands to be met, we need resilient supply chain models. The weak link […]
Logistics
5 Amazing Ways Technology Is Changing Third-Party Logistics
Third-party logistics (3PL) companies are often instrumental in helping customers reach their business goals. That’s particularly true when clients lack the in-house resources to perform necessary tasks themselves and recognize trying to manage things internally interferes with devoting enough time to core competencies. Investments in third-party logistics technology are often essential for helping service providers […]
Tips To Improve Your Retail Store’s Delivery Logistics
Running a successful retail store is a tough job. From the storefront to the back office, a lot needs to be done to make sure that your customers are satisfied and your business is profitable. One significant aspect of running a retail business is logistics. It is your responsibility to ensure that goods get from […]
3 Logistics Management Tips to Avoid Delays and Save Time
Have your goods ever arrived damaged or a few days later that it didn’t matter if they were here at all? Most customer complaints to delivery companies are associated with the late delivery and damaged goods. According to statistics, a customer is 78% likely to receive their products late, and 62% of customers are less […]
6 Ways AI Can Make Money or Waste Your Money in Retail
The capabilities of artificial intelligence (AI) have grown tremendously in the last few years. Thanks to machine learning and computers that are better able to think in the same way as humans, for the first time, these devices make rational choices. It seems that everywhere you look, AI is all the buzz, and more and […]
Is Logistics Management Important to eCommerce?
ECommerce is typically seen as a technology business. In reality though, online commerce involves as much physical world logistics management as its offline counterparts. Managing operations is one of the key KPIs that govern the success of eCommerce businesses. This is especially true in modern times where market leaders like Amazon pride themselves on same […]
5 Ways to Optimize Warehouse Communications
When it comes to logistics networks, like warehouses, it can be difficult to keep track of all the moving pieces. From inventory management to distribution, a warehouse’s success relies greatly on effective communication. Unfortunately, with many warehouses spanning more than 25,000 square feet, traditional communication methods are no longer applicable. Warehouses previously were less than […]
5 Essential Tips for Effective Logistics Management
Management of logistics is an important process because if one thing goes wrong, it could lead to heavy losses. As such, firms should invest in proper management methods of their supply chains to ensure that operations run smoothly. Here are some essential tips for effective logistics management. Automation Use of manual processes is not only […]
How to Get Logistics Management Right
Every aspiring entrepreneur or struggling business owner has heard about how logistics are the key to success in the modern marketplace. Given the immense complexity of the modern economy, making sure that your products, services, and payments get to where they need to be on time is an imperative part of commercial success. Nevertheless, it […]
Supply Chain Management Sees a Great Future with the Internet of Things
Distribution and Logistics are being vastly affected by the Internet of Things and its ramification. But this is not a new concept of warehouses and distribution centers. The biggest roadblock to implementing the concept has always been the cost and return on investment, ROI. Now, the cost of making and RFID chip is well within […]
