A manufacturing renaissance is taking place in the United States. According to a recent MIT study, 14 percent of manufacturers have made definite plans to move some of their currently offshore production back stateside. An additional 30 percent are considering it. The common term being used for this is reshoring. The reshoring trend is growing and can garner goodwill with domestic customers, consumers and even legislators. But any careful decision to reshore or expand domestic manufacturing capacity will be predicated on goodwill benefits and growing profitability.
Years ago, supply management professionals turned to low-cost countries to manufacture products, establish services operations and source materials in an effort to improve the bottom line for their companies. They found that inexpensive labor in India, China and emerging Asian countries made this new low-cost-country strategy successful "” despite requiring the management of lengthy, complex supply chains. Then the world began to change.
More than half of chief procurement officers have agreed that their company pursues short-term savings from suppliers that undermine long-term value, according to a survey by the Consero Group.
Wal-Mart Stores Inc. is expanding a test of a new checkout program that allows shoppers to scan items with their smartphones while they're in the aisles and then pay at self-checkout terminals.
Supply chain managers fight a tough battle in trying to meet management demands to decrease costs while creating efficiencies and implementing sustainability measures. Economic growth has improved but lacks the stability to provide companies comfort to budget for implementation of many of the innovations in their long- or short-term plan. However, companies can stagnate without taking the time to identify opportunities to innovate. With pressure to sustain its competitive edge, leading organizations are beginning to consider their reverse supply chain to find hidden value.
In a digital age where a delay of seconds or one human error can be the cause of lost revenue, wasted resources or unhappy customers, good technology becomes critical to run a business.
Twelve years after the ocean shipping industry adopted e-commerce tools that resulted in an average savings of $100,000 per year and hundreds of thousands of labor hours per week, the final steps in the shipping process - invoicing and payment - are still catching up.
Managed services have added significant value to users' overall B2B integration programs, according to 96 percent of he respondents to a survey by Stanford University's Global Supply Chain Management Forum.
Scarmor, a logistics subsidiary of the French hypermarket chain E.Leclerc, has installed a network of RFID readers that works without middleware at 35 dock doors within two warehouses. The company continues to roll out the technology that will be used to track pallets being moved from distribution centers to roughly 58 E.Leclerc retail sites throughout the French province of Brittany.
The number of retail thieves apprehended annually continues to be about six million, research indicates, but the picture is much worse than that figure suggests. More than 78 percent of shrink is due to shoplifting by customers or retail employees. New products in fast-paced categories such as electronics, perfumes and sportswear being brought to market every year at premium prices are among the most likely to be stolen. Fresh meat remains a high-theft category for supermarkets and hypermarkets.
Global logistics giant Aramex has signed an agreement to use the UAE's planned national railway network, its operator Etihad Rail has announced. The signing of the memorandum of understanding comes at a time of rapid growth for the Middle East's transport and logistics market.