In today's globalized economy, supply chain professionals work together to deliver products to the end customer while working with different organizations and different business units within the same organization. During this process, supply chain managers face a challenge in controlling inventories and costs while maximizing customer service performance.
North America is the global leader in developing and deploying carbon capture and storage (CCS) and carbon capture utilization and storage (CCUS), with seven of the world's 12 operational large-scale integrated projects located in the U.S. and one in Canada, according to a study by the Global CCS Institute.
The third-party logistics services industry is growing at a faster rate this year than gross domestic product, but experts at Tompkins International anticipate more aggressive growth than the 6 percent cited by other sources.
Logistics firm Deutsche Post DHL is investing $25m in its operations in the Philippines to further expand its supply chain business and warehousing facilities.
Today, titans of technology and consumer packaged goods are jumping on the customization bandwagon. And for good reason. In a world where customers are in the driver's seat, customization is no longer a "nice to have". It's an expected offering.
When ocean cargo lines decided to divest their chassis, Hampton Roads Chassis Pool had to take on the equipment leases. The challenge was determining whom to invoice for the use of the 'wheels.'
ABI Research forecasts that revenues in the commercial fleet telematics market will increase from $7.25bn in 2012 to reach a total of $26.8bn in 2018, with North America closely followed by the Asia-Pacific region as the largest markets and Western Europe in third position.
I don't know anyone who would argue with the assertion that supply chain operations must be highly dynamic and adaptable in order to succeed in today's fast-changing markets. Why is it, then, that pricing of transportation and other supply chain services remains a largely static process, based on annual bids and static routing guides that can never do more than reflect a single snapshot in time of a company's freight volumes and flows?
Companies today have more powerful supply chain visibility tools than ever. Solutions exists that leverage web technologies and allow various supply chain departments in an organization to get real-time and accurate information about inventory, orders and shipments in both their inbound and outbound networks.