Companies across North America are seeing transportation costs rise as a percentage of their total costs. That’s driving a need for many business leaders to closely oversee their transportation spending.
Changes to the National Motor Freight Classifications issued Nov. 19, 2020 took effect Dec. 19, 2020. These changes may change some of your transportation costs.
If your business relies on flexible poly-packaging or Maintenance, Repair and Operational (MRO) supplies, increased material expenses are driving price hikes.
With more than half of customers going elsewhere after a poor experience, now is not the time to let your guard down on service audits.
When it comes to supply chain management, many companies ask themselves “should we be outsourcing in logistics management?”
The global pandemic and the disruption of foreign production is driving many manufacturing organizations to explore re-shoring of raw material sourcing, product components and finished goods. In our conversations, we are finding that C-Suite leaders are spending as much as half their time focused on solving issues in their network. Bringing production closer to the manufacturing base improves geographical access and mitigates the risks associated with an overseas failure.
If you want to see CEOs and CFOs sit up and take notice during one of our presentations, demonstrate how a robust logistics solution compresses cash-to-cash cycles by expediting product to the end consumer and shrinking their days sales outstanding (DSO). That’s language the C-suite understands.
The effects of COVID-19 on North American business are creating supply chain challenges into the second half of 2020. Organizations’ ability to respond to these challenges will determine strategies required in 2021 to maintain profitable performance. Although some businesses relying on high contact and large crowds will succumb to bankruptcy, others have an opportunity to capitalize on new growth opportunities.
Amid encouraging gains experienced by manufacturing sectors during June, price increases continue for many of the supplies required to support production, packaging and shipping.
Organizations that invested in supply chain mapping are more successfully managing COVID-19 disruption thanks to greater awareness of their demand response networks. Based on multiple layers of information, supply chain mapping and contingency planning grants real-time access for businesses facing disruption.
