Retail has an $800bn problem, according to research firm IHL Group. That is the collective cost of inventory distortion in out-of-stocks and overstocks among retailers today, and it could increase same-store sales by 9.2 percent if completely fixed.
Having completed 16 acquisitions of small logistics companies in the past seven years, Echo Global Logistics knows something about successful takeover strategies. CEO Doug Waggoner talks about the company's growth-through-acquisition initiatives.
Companies that want to reduce their carbon footprint need to pay attention to the energy they use. But at least as important - and in some cases even more so - is paying attention to the energy used by links in their supply chain.
Remember the early days of cell phones when a new model seemed to appear every week and each one looked dramatically different? This is typical of a new product market. Initially, wildly different variants are released and tested in the market, but eventually they converge on a common core set of features. That is, a dominant design emerges from the pack that becomes the de facto standard.
Is a similar process redefining logistics in the US?
The latest news, analysis, services and systems regarding logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through logistics solutions. New technologies that provide information during local and global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics and cargo solutions to power their supply chains.
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