Warehouse management systems allow products to be tracked and moved with unmatched speed, efficiency, and transparency. These specialized software suites are designed to manage complex tasks along the supply chain, especially tracking product as it enters and exits warehouses.
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While the global supply chain has been transformed by software solutions and tech innovation, many of the systems that drive modern ports haven’t been updated since the start of the 20th century. Now, several major shifts in technology are revolutionizing portside drayage.
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Today, e-commerce companies face much steeper consumer expectations than they did even a few short years ago. Consumers expect their products fast, and that’s making it hard for some companies to compete with industry giants like Amazon. For these companies, better inventory control is the best tactic for cutting shipping times without driving up costs.
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Supply chain management is undergoing a significant transition that will change the face of shipping and logistics. Companies who aren’t starting to plan for digitization aren’t going to recognize the industry in the years to come.
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E-commerce is driving innovation for companies all along the retail supply chain. From new developments in last-mile delivery to the popularity of regional warehousing, major players in the online retail industry are pushing systemic changes for logistics and fulfillment professionals.
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Last-mile delivery services make up the critical final connection between distribution centers and your clients’ front doors. Thanks to the increasing demand for e-commerce fulfillment with ever tighter delivery deadlines, there’s been a tidal wave of demand for last-mile delivery. This includes both small packages and oversized products, such as furniture and appliances, which are being increasingly sold online as well.
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Oversupply has been a major worry in the shipping industry since the last major recession, but recent developments threaten to make it an even greater cause for concern. Most significantly, excess capacity associated with the rise of mega-ships has created a global shipping environment in which consolidation has increased.
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E-commerce is revolutionizing how companies move inventory at such an incredible rate that even leading innovators are having a tough time meeting consumer expectations.
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To plan for the future, it’s important to keep up with technological trends and their implications for your industry. The rise of self-driving vehicles presents both an opportunity and challenge for logistics, and electric vehicles are beginning to become a viable alternative to trucks that run on fossil fuels and are closely related to the rise of automation. These technologies are often hyped as imminent replacements to existing way of doing things, but are they really the future?
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All’s quiet up at the North Pole right now. Elsewhere, however, changing traffic congestion patterns are forcing logistics experts to think long and hard about their holiday fulfillment strategies.
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