In the case of theft, one of the most significant risks supply chains face today, a proactive approach is far more effective than a reactive one. And yet some companies are still behind in this thinking, dealing with cargo theft only when it’s too late to recover the loss.
Over the past two years, the retail sector has experienced a massive and rapid transformation. Consumers turned to e-commerce and digital platforms to purchase goods in response to the pandemic.
Take proactive steps to be ahead of the shipping game – form useful partnerships, adopt the right technology, and keep the customer experience top of mind.
If retailers and manufacturers don’t have the proper contractual restraints in place to prevent their liquidators — and the liquidators’ resellers — from selling directly to consumers online, they’re setting themselves up for significant sales losses and lower margins.
Digital twins offer a real-time, 3D simulation of the physical warehouse, showing actual operations including staff, equipment, space allocation and workflow.
Digital twins — dynamic 3D replicas of complex industrial operations — have been in use for decades in high-end production lines, power plants and laboratories.