The problem of unethical supply-chain practices has reared its ugly head again, challenging business leaders from even the most reputable companies to verify the stringency of their checks and balances.
The world's biggest container line, A.P. Moller-Maersk, this morning booked a sharp decline in profit, indicating the recent spike in transport prices caused by the collapse of rival Hanjin shipping was more a blip than a boom.
A crisis has emerged in the global shipping industry, pushing up transport rates and leaving CEOs questioning whether they'll need to consider passing increased supply-chain costs onto their customers.
With supply chain risk changing daily, business leaders should keep on top of where their presence—and their risk—is the strongest, and determine where changes should be made.
Supply chain management has emerged as a crucial component of operations management.
For over 40 years, ICC Logistics in Hicksville, NY has been helping shippers lower their freight bills and more. “Transportation and logistics costs are not fixed costs, they are variable,” observes Tony Nuzio, CEO and company founder. To help you vary your costs downward, Nuzio shares 7 tactics that have worked consistently for his clients.
In their 2016 Logistics Trend Radar, gGlobal logistics company DHL has identified 3 megatrends that are shaping the future of the transportation industry.
Minimizing the costs of doing business can be tricky and time-consuming, so an increasing number of companies are looking to group purchasing organizations (GPOs) to help them save money.
The trucking industry is on a growth trajectory that is predicted to continue at least through 2022, according to the American Trucking Association (ATA). In addition, reduced fuel prices are leading to more flexible, affordable shipping options.
Today, nearly every company has a chief procurement officer (CPO) leading a sourcing team in search of annual cost reductions. Over time, however, this laser focus on prices and costs has driven a commoditization of offerings that has limited competition among suppliers merely to the best price for a given specification.