The Importance of Building Successful Relationships in Emerging Markets
Analyzation of countries such as Myanmar, Vietnam, and Cambodia, prove that emerging markets are popular again, as suppliers are increasingly flocking to these new manufacturing hubs. Small, independent suppliers within emerging markets offer great benefits to established retailers in developed markets, and the relationship is one that is valuable and extremely worthwhile for both parties.
7 Trending Transportation Updates: March 2017
Somali Pirates Hijack First Commercial Ship Since 2012. Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said last week, the first time a commercial ship has been seized in the region since 2012. (Read more here.)
Trending Topic: Can Small Retailers Meet “Fast and Free” Shipping Demands?
Nowadays, we’re living in the age of the “spoiled consumer.” E-commerce shoppers have an undying demand for both fast and free shipping, one that has been perpetuated by benefits like Amazon’s Prime membership, a $99 per year membership that qualifies buyers for free two-day shipping on eligible products. You’ll be hard-pressed to find a Prime member who will buy a product with no “Prime” logo without extensive searching for a substitute that comes with the free two-day shipping benefits first.
Why Shippers Love Supply Chain Visibility
Visibility refers to understanding what goes on between the start and end of a process. With supply chain visibility, companies can analyze data and evaluate suppliers, processes, and prices.
Here’s How Grocery Retailers Can Reel in Millennial Shoppers
Grocery retailers spend hours, days, and even months trying to differentiate their brand and make themselves the consumer’s go-to store. In an industry that touches almost every target market, this can be tough.
8 Things to Know if You’ve Never Worked with a Freight Broker
A substantial amount of over-the-road freight transportation is handled by freight brokers. A freight broker is a person or company that brings together a shipper (with freight to move) and a qualified carrier (who has the capacity to move the freight).
Market Update: Secure Capacity with These 3 Tips
Shippers are expecting higher rates and less capacity this year, so many are trying to lock in contract rates and secure trucks before the spike. Carriers have been hammered by low fuel prices, strict regulations, and rising equipment costs.
3 Global Supply Chain Issues Affecting Your Bottom Line
Large and even medium-sized, companies that are strictly domestic are becoming increasingly less common. Today, the clear majority of enterprise-class companies are global because the benefits of low-cost sourcing into other countries and selling into new foreign markets cannot be passed up.
Consider This When Choosing Your Next DC Location
When a company outDistribution_Center.jpggrows its distribution capacity, it expands by opening a new distribution center (DC). The best approach to choosing your new DC location is to evaluate your entire logistics strategy.
Everything You Need to Know: Spot Market Freight
Have you ever wondered about how the product you buy from a store ended up there? The complexities of a supply chain and the steps for moving freight to its end location are often overlooked. But, for manufacturers, suppliers, and retailers, logistics is a top priority to business operations. Accurately planning for efficient transportation routes and potential delays comes with many challenges, which is why many shippers turn to a freight broker to ship goods.
