Determining when it's time to evaluate reverse logistics practices

Reverse logistics is becoming an integral part of operations for manufacturers, distributors and service providers to minimize lost revenue when moving products, parts, and sub-components back into inventory. Recent Statista research shows that goods returns cost $246.3 billion per year in North America and must span customers, service organizations, supply chains, receiving departments and even a repair depot operations or subcontractors.

Spotlight

CMA CGM

Led by Rodolphe Saadé, the CMA CGM Group is a world leader in shipping and logistics. Its 511 vessels serve more than 420 ports on five continents around the world and carried nearly 21 million TEUs (twenty-foot equivalent units) in 2018. With CEVA, a world leader in logistics services, CMA CGM handled more than 500,000 tons of airfreight and 1.9 million tons of overland freight in 2018.

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Warehousing and Distribution

What’s the Latest on EV Charging Infrastructure in Rural Areas?

Article | July 11, 2023

Contents 1. Accessing The State and Federal Benefits 2. A Learning Portal to Educate Rural Communities On EV Charging 3. The Significance of an Equitably Relevant EV Charging Network Electric Vehicles (EVs) are making waves in cities and are more than just the latest trend in transportation. With the advancement of the EV charging network and its deployment across urban areas, experts are asking what’s next and how this growth can be replicated in rural areas. 1. Accessing State and Federal Benefits Based in Oregon, Forth is an EV research and advocacy group that recently announced a partnership with General Motors to build grant templates that can help rural communities win and access state and federal grant money to build EV charging networks. The templates will be provided free of charge and cover 80% of a complete grant. Geoff Gibson, the senior program manager for Forth, believes this will give rural communities the impetus to seek out the grant money and get over the initial hurdle of framing a grant proposal. 2. A Learning Portal to Educate Rural Communities on EV Charging Forth also announced the slated launch of a learning portal that will address the lack of know-how on deploying a charging program for EVs. The portal will empower communities with not just the knowledge of implementing charging programs but also their significance and long-term impact on the community. The learning portal will tentatively go live in 2023 and will be free for local communities, counties, cities, and states, as well as community organizations. The program will be accessible for a year and could be further extended. According to Steve Lommele from the Joint Office of Energy and Transportation, he reiterated the importance of building a national EV charging network. He states that this is the first time a major program has been put in place that covers all 50 states in the U.S., including Puerto Rico and Washington D.C. 3. The Significance of an Equitably Relevant EV Charging Network Deploying EV charging stations in rural areas has to be meaningful for the communities that will be using them. Forth’s Geoff Gibson emphasizes that the needs of the communities need to be given priority when designing the charging network. For instance, DC charging or charging that is publicly accessible should be preferred at trailheads. EVs as part of our transport in the future is inevitable and charging networks and program need to be prioritized to ensure all communities are able to access its benefits equally.

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Warehousing and Distribution

4 Trends That Will Drive Shipping and Logistics in 2025

Article | July 11, 2023

The pandemic has had a significant impact on the logistics and shipping sectors, forcing businesses to rethink their supply chain tactics. Fresh COVID- Supply systems around the world are already under threat from 19 outbreaks. China's measures to stop the spread of Omicron by shutting down shipping terminals caused a lockjam of cargo ships. A similar scenario was seen in US and European ports that were congested as a result of a significant increase in cargo. Additionally, these difficulties have been made worse by the tremendous staff shortage in the US. Although there are more job openings than before, the total strength of the workforce has taken a hit. A report by WNS and Corinium Intelligence reveals that over 60% of shipping and logistics organizations have amped up the automation aspect of their operations by two years. So, what does that mean for the future? In this article, we will talk about the four most promising trends that will define the shipping and logistics industry in 2025. Live Monitoring Powered by Big Data and the Digital Twin Technologies Big data is simplifying the ability to be agile, efficient, and cost-effective, and connectivity with other technologies and elements of the infrastructure is driving a real-time view of the supply chain further. Other innovations such as drones and self-driving trucks will contribute to this real-time update and processing of massive amounts of data. In addition, tracking software for freight will provide even greater visibility to customers and enterprises. Automated Planning Through Collaboration Between Humans and Machines Artificial intelligence (AI)AI in shipping and logistics has grown exponentially in areas of planning. AI applications are used to alter transportation and route planning. According to Gartner, by 2030, AI augmentation, will surpass other forms of AI application and account for 44% of all AI-powered value. Predictive alerting is a prominent example of augmented intelligence. Smart alerts based on predictive analytics can be used by logistics professionals to carry out a variety of crucial tasks, such as estimating truck arrival times, anticipating equipment maintenance and product damage, and organizing for a spike in demand. Hyper-local Supply Chains Enterprise will downsize and bring their supply chains onshore over the course of the next few years, ushering in the next generation of hyper-local logistics. The two forces driving this transition are the need to stay agile and resilient to counter disruption and meet challenging customer demands for same-day delivery. The global same-day delivery market is estimated to reach a value of USD 20.36 billion by the year 2027. This will cultivate a hyper-local service to meet the growing demand. Sustainability An emphasis on sustainability will be the highlight of the shipping and logistics industry. Enhanced connectivity will enable enterprises to optimize their human as well as robotic resources. Future Forward The shipping and logistics industry has been forced to accelerate their digital adoption and increase their resilience due to the uncertainty in the past couple of years. Establishing real-time visibility, leveraging human-machine collaboration, adopting hyper-local logistics, and improving sustainability are all ways that businesses are preparing for the future.

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Warehousing and Distribution

How does demurrage, detention, and port charges work.?

Article | June 16, 2023

Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog relating to these charges. This article is about how demurrage, detention, and port charges work. International Trade and CostsWhen it comes to international trade, majority of the buyers and sellers use Incoterms to decide what each other’s responsibilities and liabilities are in terms of the business, especially related to costs. Generally, there is very little room to manoeuvre in terms of additional and unbudgeted costs incurred on the shipment and therefore in their own interest it is important that the buyers and sellers take necessary precautions to ensure that all known costs relating to the business are discussed and finalised before the shipment commences. There are many entities involved in the process of shipping a container from Point A to Point B, each with their own cost component, all of which have to be covered either by the seller or the buyer. Demurrage, detention and port charges are just some of these costs that may be applicable in a shipment. While some of the port charges are valid and unavoidable, demurrage, detention and some of the port charges (like port storage, early arrival, late arrival, amendment, shifting etc) are entirely avoidable if everyone in the chain follows the process that they need to follow. What are port charges? Port charges, as the name suggests are a set of charges levied by the port or terminal which the container passes through.In terms of container shipments, port charges may include but not limited to below : Terminal Handling Charge (THC) Is quite simply the charge levied by the port for the loading and discharging of a container from the ship.. THC differs from port to port, terminal to terminal around the world and is charged both by the load port and discharge port.If the cargo is transhipped anywhere along the route, then the transhipment port also charges this THC but that is paid by the shipping line directly to the port and this quantum is usually included in the ocean freight charged by the line. Early Arrival Charge A charge levied by some of the ports/terminals for a container that arrives in the terminal BEFORE the stacks into which it is to be taken has been opened.. Early arrival can happen due to various reasons like a container missed the stacks for the previous vessel narrowly, but since the container is packed, it needs to be taken to the port, The acceptance of containers prior to the stacks/gate open is at the discretion of the Port/Terminal Operator and on the circumstances surrounding the operation of the vessels. Late Arrival Charge A late arrival charge is a charge levied by the port for a container that arrives in the terminal AFTER the stacks into which it is to be taken has been closed.. This could be due to delays in documentation, packing delays, inspection, trucking delays and many other situations.The acceptance of containers after the closing of stacks/gate is at the discretion of the Port/Terminal Operator and on the circumstances surrounding the operation of the vessels and if the containers can be accepted without disrupting the schedule of the vessel and ports. Stuffing/Destuffing of Containers Some ports/terminals allow the stuffing (packing)/de-stuffing (unpacking) of the containers within the port area and charge customers based on the port tariff.This activity may happen at ports that provide CFS services and allow containers to be packed or unpacked in the port or due to some mistakes when the cargo was originally packed – say incompatible hazardous cargoes packed together.Depending on the port/terminal/country, the port charges may be charged directly to the customer (importer or exporter) or to the shipping line, who in turn will charge this to the customer. Of course, this is not the full list of port charges but these charges have been mentioned as it relates to the subject under discussion,Demurrage and DetentionWhile some of these port charges may be unavoidable, demurrage and detention charges on the other hand are avoidable charges, but in a lot of cases due to mishandling, miscommunication, misunderstandings and not following the proper protocols, these charges occur..When they do occur, these charges may create quite a financial impact on the whole business and sometimes these costs could be so prohibitive that some customers abandon their cargoes at the destination due to these costs. Although the most common market practice is to combine demurrage and detention, there are several cases where these are charged separately, and therefore it is important to know the difference between demurrage and detention.

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Software and Technology, Supply Chain

Autonomous Robots: The Future of Warehousing & Logistics

Article | July 14, 2022

Autonomous robots have transitioned from a futuristic system that only a few enterprises could afford to a sustainable, well-established solution in a wide assortment of warehouse automation projects in recent years. With the flourishing transportation and logistics industry and increasing e-commerce penetration worldwide, innovative technologies are revealing promising opportunities throughout the supply chain. Warehouse Automation: Driving Value in the Supply Chain Historically, autonomous robots have been used to perform tedious and repetitive tasks, necessitating sophisticated programming for setup and incorporation while lacking the dexterity to easily adjust operations. As autonomous robots become more intelligent, their setup times decrease, they need less monitoring, and they are able to work alongside their human counterparts. The benefits for the future supply chain are increasing as autonomous robots become more capable of working day and night with more consistent levels of productivity and quality and performing tasks that individuals should not, cannot, or do not want to do. Autonomous robots drive advancements and add value to the supply chain, primarily by increasing revenue potential and lowering direct and indirect operating costs. Autonomous robots, in particular, can assist: Boost efficiency and productivity. Lower risk, error frequency, and rework rates. Enhance employee safety in high-risk workplaces. Handle low-value, routine tasks so people can work together on strategic projects that can't be done by machines. Raise revenue by optimizing order fulfillment rates, and delivery speed, and, ultimately, increasing customer satisfaction. Sneak Peek into the Future of Autonomous Robot Autonomous robots are expected to witness strong growth in the coming years. These robots will become more common in the future supply chain as technology advances, allowing them to operate with more human-like abilities. Improvements in haptic sensors, for example, will enable these robots to grasp objects varying from multi-surfaced metal assembly parts to fragile eggshells without requiring changes to robotic components or programming. This will encourage companies operating in the industry to increase their research and development activities and introduce innovative and advanced supply chain technologies.

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Spotlight

CMA CGM

Led by Rodolphe Saadé, the CMA CGM Group is a world leader in shipping and logistics. Its 511 vessels serve more than 420 ports on five continents around the world and carried nearly 21 million TEUs (twenty-foot equivalent units) in 2018. With CEVA, a world leader in logistics services, CMA CGM handled more than 500,000 tons of airfreight and 1.9 million tons of overland freight in 2018.

Related News

World Wide Cash Logistics Market Map Analysis,Opportunities,Innovations With Economic Conditions By 2028

Healthcare Sector | May 31, 2019

The research report on “Cash Logistics market ” serves in-depth analysis on latest and upcoming market scenario of Cash Logistics in the appraisal period, 2019-2028. The report survey Cash Logistics market growth past, sales channel, players profiled in Cash Logistics industry, product type and application market share and Cash Logistics regional scope in deep. The Cash Logistics report also provides key drivers and constraining factors impact the Cash Logistics market growth, variations in industry trends or threats/challenges faced by Cash Logistics market players in forecast years 2019-2028. In the first part the report contains Cash Logistics market outlook introduce objectives of Cash Logistics research, explaination and stipulation.

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Arctic Shipping Cooperation Between Iceland and Greenland Faces Legal Challenge

High North News | May 31, 2019

While much attention surrounding Arctic shipping is focused on the transport of oil and gas on Russia’s Northern Sea Route, smaller-scale intra-Arctic shipping in the North Atlantic has been growing as well. One of the latest cooperations, between Icelandic container shipping company Eimskip and its Greenlandic partner Royal Arctic Line, is now facing a regulatory challenge. The two companies had received approval last month from the Icelandic Competition Authority to engage in a vessel-sharing agreement on certain routes between Iceland and Greenland. However, Samskip, another Icelandic shipping operator, submitted an appeal to the Icelandic Competition Authority arguing that the agreement violates antitrust laws.

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Optimizing Talent Supply Chains: Stop the Leakage

Forbes | May 30, 2019

Increasingly human resource professionals are applying supply chain theory to the growing misalignment of talent available to meet 21st century workforce needs. There are a number of drivers at the root cause of this trend, one notable driver being the technological evolution that has dramatically changed the skill set required for workforce demand.To meet growing demand, organizations must take a strategic approach to increase both the quality and quantity of talent supply. The U.S. Chamber Foundation is providing employers and key stakeholders with the thought leadership, tools, and resources to improve the talent acquisition process—their Talent Pipeline Management (TPM) initiative provides a strong foundation and step-by-step orientation for companies adopting this approach

Read More

World Wide Cash Logistics Market Map Analysis,Opportunities,Innovations With Economic Conditions By 2028

Healthcare Sector | May 31, 2019

The research report on “Cash Logistics market ” serves in-depth analysis on latest and upcoming market scenario of Cash Logistics in the appraisal period, 2019-2028. The report survey Cash Logistics market growth past, sales channel, players profiled in Cash Logistics industry, product type and application market share and Cash Logistics regional scope in deep. The Cash Logistics report also provides key drivers and constraining factors impact the Cash Logistics market growth, variations in industry trends or threats/challenges faced by Cash Logistics market players in forecast years 2019-2028. In the first part the report contains Cash Logistics market outlook introduce objectives of Cash Logistics research, explaination and stipulation.

Read More

Arctic Shipping Cooperation Between Iceland and Greenland Faces Legal Challenge

High North News | May 31, 2019

While much attention surrounding Arctic shipping is focused on the transport of oil and gas on Russia’s Northern Sea Route, smaller-scale intra-Arctic shipping in the North Atlantic has been growing as well. One of the latest cooperations, between Icelandic container shipping company Eimskip and its Greenlandic partner Royal Arctic Line, is now facing a regulatory challenge. The two companies had received approval last month from the Icelandic Competition Authority to engage in a vessel-sharing agreement on certain routes between Iceland and Greenland. However, Samskip, another Icelandic shipping operator, submitted an appeal to the Icelandic Competition Authority arguing that the agreement violates antitrust laws.

Read More

Optimizing Talent Supply Chains: Stop the Leakage

Forbes | May 30, 2019

Increasingly human resource professionals are applying supply chain theory to the growing misalignment of talent available to meet 21st century workforce needs. There are a number of drivers at the root cause of this trend, one notable driver being the technological evolution that has dramatically changed the skill set required for workforce demand.To meet growing demand, organizations must take a strategic approach to increase both the quality and quantity of talent supply. The U.S. Chamber Foundation is providing employers and key stakeholders with the thought leadership, tools, and resources to improve the talent acquisition process—their Talent Pipeline Management (TPM) initiative provides a strong foundation and step-by-step orientation for companies adopting this approach

Read More

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