The transportation and warehousing industry suffered more than 95,000 industrial accidents and illnesses in 2014, according to the Bureau of Labor Statistics of the U.S. Department of Labor. That works out to 225 per 10,000 workers - one of the highest rates of any industry. Most estimates put the annual cost of workplace injuries at more than $50bn, so it makes sense from a business as well as a moral point of view to make safety a priority. The following are some proven ways to increase safety.
Without question, technology has been a boon to global trade. But it's also responsible for raising the risk factor at every stage of the supply chain - and especially at ports and terminals.
Carbon pricing, in the form of a carbon tax or a cap-and-trade system, is used by businesses and governments all over the world to cut greenhouse gas emissions and, according to proponents, grow the economy.
The electronic air waybill (eAWB) has arrived. But certain air freight forwarders and carriers are still holding on to the paper version for dear life.
Zady's supply chain is markedly different from those of most apparel companies today. Here's how the company is working to slow the pace of a business that has become obsessed with speed, often at the expense of factory workers and the environment.
Analyst Insight: Companies that invest in technology-enabled initiatives to change how they operate outperform their peers against key metrics like revenue / employee and net profit margin. Innovators alike are looking at ways to digitally disrupt operating models. Sure digital enablers can be used to make a better mousetrap, but they can also be used to change the way the mouse is approached all together. - Shanton Wilcox, VP-Manufacturing, & Melissa Hadhazy, Senior Manager-Manufacturing, Capgemini Consulting