In the supply chain and sourcing domains, companies are changing the way they source, produce and distribute goods or services to their customers, in search of reduced costs and greater efficiency.
The Supply Chain Group of third-party logistics provider LeanCor is expanding operations to the Chinese market. The unit will launch logistics services, training and education efforts to support the logistics, infrastructure and academic needs of Chinese and American companies.
Cargo volumes dropped steadily at Frankfurt Airport during the first half of 2012, Fraport Group traffic figures show. In addition to recording a 9.9-percent, year-over-year, drop in domestic freight volumes, the airport saw an overall tonnage stall of 9 percent from the first six months of 2011. The declines were "strengthened" by the night-flight ban imposed last fall.
The business consultancy Accenture has agreed to acquire Octagon Research Solutions Inc., a provider of clinical and regulatory information-management services and software to the pharmaceutical industry.
Over the last five years, the word "hedge" has become something of a dirty word. Think hedge funds - those massive, unregulated accumulations of capital that played a key role in bringing about the Great Recession. The idea of protecting oneself against adverse economic conditions seemed sound, but it quickly mutated into a bewildering flurry of transactions that ended up creating more risk than they were designed to mitigate. What's more, the original concept behind hedge funds became watered down to the point that many today aren't really "hedging" against anything. They're simply a means for investors to park their money with a trusted fund manager who might or might not repay that trust in the form of steady returns - all with minimal regulatory oversight.
Logistics companies and their clients run the risk of prosecution under the UK Bribery Act which was passed 12 months ago, according to research carried out by GoodCorporation.
By leveraging truck drivers' cell phone connectivity and location-based applications, Open Mile claims to have become the first freight brokerage to provide accurate and precise information on a truck's location at every point from pickup to delivery. CEO Evan Schumacher says this capability gives shippers a level of confidence in service reliability that previously has been absent from the brokerage industry.
The latest news, analysis, services and systems regarding global logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods faster and farther around the world than ever before through global logistics solutions. New technologies that provide information during 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 global logistics solutions to power their supply chains.
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