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It's no surprise that the goal of every business is to maximize profit. There are two basic ways to increase profit within a company: the first is to increase revenue and the second is to reduce costs. In this article, we will provide you with 5 tips on how to reduce logistics costs.
Supply chain cyber security is the global consumers' number one concern in 2024. Recent geopolitical events since 2022 have posed an even higher risk of data breaches. In 2023 alone, 1 billion dollars in fees were paid globally for ransomware attacks. 2023 was the most devastating year yet, full of unfortunate ransomware attacks and 2024 will be no different.
The most exposed businesses are crucial for domestic economies; specifically, those in great danger, are dependent on international trade. This risk is affecting supply chain reliability. Companies today are more cautious about securing the flow of goods and raw materials.
Ecology and sustainability are the new black so companies strive to be greener, whether through their own initiative, due to regulations like the Paris Agreement, or ISO 14001. Read on to find out what the greenest methods for transporting goods are.
In 2027, 26% of all warehouses are expected to be automated. Ten years earlier from then, in 2017, it was only 14%. Why do more and more companies invest in warehouse robotics and automation each year? What benefits does the use of advanced technologies to perform tasks originally carried out by humans bring?
Throughout history, logistics has been the unseen motor pushing the global movement of resources, information, and products. Logistics has come a long way, from up to 12 months of delivery through the Silk Road to 2 or 3-day delivery by logistics companies worldwide. Everything happened thanks to inventions, flexibility, and scientific advances.
In our previous article on the varieties of outsourcing, we cited both the importance and some examples of the use of outsourcing by various companies. We hope that you learned something new from it and that it encouraged you to consider implementing one of the process implementation options of your choice. In this article, we will briefly remind you what they consist of and focus more on the cases and conditions in which each approach is likely to work. We invite you to read on!
In modern logistics, only a few companies can cover the shipping needs extensively throughout the entire supply chain. It is very challenging for small and medium-sized businesses to ship worldwide when they don't support sea freight or air freight.
However, handling a high number of shipments can be equally tricky for more prominent providers like UPS, FedEx, Ceva Logistics, or DHL Supply Chain, which don't provide shipping on specific routes or are facing temporary higher demand during picking seasons.
The transportation and logistics sector encounters several difficulties that test the adaptability and resilience of global companies. The industry faces challenges that call for creative solutions, from geopolitical tensions that impede important trade routes to the growing threat of cyberattacks in a world that is becoming more digitally connected. Find out how to face the biggest current challenges in international transportation within your company.
