Lower back pain is the second most common reason for a doctor visit, and costs the supply-chain industry around $100 billion per year. One of the leading culprits is the pushing and pulling that occurs in distribution facilities throughout the world.
The U.S.-China trade war already had American companies rethinking their relationships with Chinese manufacturers. Then came two additional nails in the coffin.
With today's enterprise resource planning systems, companies can view aggregate shipping locations of each distributor, wholesaler and reseller. Most of the time, though, product tracking ends there.
Same-day delivery isn’t a novel idea. Businesses routinely need an item that’s critically important right away — not tomorrow, not next week, but within hours.
As bad as things might seem right now, the situation is temporary — and retailers must be prepared for the flood of consumer demand that will be released by economic recovery.
It’s no secret that today’s supply chains have become more complex than ever, with socioeconomic and market dynamics underscoring organizations’ need to respond to an outside-in, demand-driven world.