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Image via Flickr by Thomas Good Supply chains are an integral part of any business. They harness what the product is as well as the company’s vision while adhering to the demands of the consumers and business partners. There are, however, risks associated with a supply chain, especially if the supply chain is global.Oops! You don’t have…
Image via Flickr gvgoebel The 2008 financial crisis put the global container industry in turmoil. Since then, the road to recovery has been long and difficult. Even A.P. Moeller-Maersk, the biggest shipping company in the world, has cut costs and adjusted its operations accordingly. Around the world, several ocean carrier mergers have occurred in order…
Image via Flickr by Highways Agency The Port of Los Angeles, California saw almost double the number of container shipments in March. What’s the reason for this 34 percent increase that resulted in 503,168 container units? Read on to find out what natural events and market changes prompted the recent increase.Oops! You don’t have permission…
Image via Flickr by Rubber Dragon Undoubtedly, e-commerce has changed consumer marketing, retail stores, pricing structures, and the general shopping landscape. Almost six percent of all retail commerce is now done online. However, it is also forcing logistics executives to rethink how they operate warehouse facilities, truck routes, and even loading docks. Look at how…
Image via Flickr by btckeychain The start of the most recent U.S. recession (2008), marked the beginning of an almost unfathomable payment method: a software-based currency known as the Bitcoin. Since then, the virtual coinage has incited a spectrum of protestors and followers whose reactions range from chagrin to downright satisfaction. Currently, some companies deny…
Image via Flickr by GovernmentZA There are tons of terms related to procurement, many of which are so commonplace or self-explanatory most people don’t need a glossary to understand them. Here is a list of key procurement terms, especially acronyms, that can be confusing without a definition.Oops! You don’t have permission to view this page!…