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The Intelligent Approach to Freight Matching
| April 19, 2017
CRST Logistics is a full-service 3rd Party logistics company that provides transportation solutions and services to manufacturers and distributors in the United States, Canada, and Mexico.
Article | April 2, 2020
The Supply Chain Matters blog provides a reference to one financial risk assessment provider’s proprietary data identifying inventory stocking vulnerabilities of suppliers due to the ongoing COVID-19 pandemic. In a previously published Supply Chain Matters editorial commentary, Just in Time Inventory Management Methodology May Be Little Help During and After the COVID-19 Coronavirus Outbreak Without Modification, this Editor declared that an obvious learning that will come from this ongoing COVID-19 Coronavirus global-wide outbreak will be the ultimate stress testing of Just-in-Time (JIT) inventory management methodologies, and with that, the need for the weighting of supply chain risk mitigation or domestic sourcing considerations in inventory management policies.
Labor costs, on an average, constitute more than 65% of the expenses for a warehouse. It is a best practice to review the operation of your warehouse before implementing automation, but it also has a significant impact on production and operational efficiency. The processes in a disarrayed warehouse cannot easily be automated as automation heavily relies on warehouse layout optimization, as well as standardized processes and procedures.
The complex, hyper-connected nature of global supply chains makes them extremely vulnerable to a range of risk factors. In 2019, corporations experienced new levels of volatility in commodity and energy pricing, interest and exchange rates, and general international trading conditions. In 2020, things are likely to remain rocky. Research shows that many businesses, despite being forewarned about these risks, are still tending to be reactive rather than proactive in their approach.
As I flew to Dallas, I worked on this post. Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods. Over the weekend, as I shopped at Lowes, it was hard for me to not think about the pending shortage of Titanium dioxide—an important ingredient in white paint and consider if I should stockpile it for the house I need to paint.
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