As logistics management is a crucial part of supply chain management, the way companies handle it required changing, too. Logistics management is a controlled and optimized flow of goods on a local, regional or global level.
The year 2020 was anything but ordinary, and the imbalance caused by shutdowns and business restrictions continues to affect supply chains across the world in 2021. Such ripple effects impacted consumer spending patterns and exacerbated pricing, leading to spikes in truck freight rates.
A bill of lading (BOL) is a legal document between a shipper of a particular commodity and the carrier detailing the type, quantity, and destination of the goods. The carrier issues the BOL to a shipper of the goods. Additionally, it is essential that the information on the BOL is accurate.
There were many new transportation updates in the shipping industry last month. Check out some of the top stories and transportation updates of March 2021!
With all the great success and efficiency of the approved vaccine providers, there are still challenges with the vaccine supply chain, distribution, and transportation.
Companies can't stay away from using supply chain technology to enhance their digital supply chain management and business performance.
Due to the ongoing demand for trucks after winter storms over the last few weeks, the national average for mid-haul outbound tender rejection rates has increased to 31.76%. There were some significant shifts in the following three carrier lanes: Los Angeles - Dallas, Houston - Dallas, and St. Louis - Columbus.
There were many new transportation updates in the shipping industry last month. Check out some of the top stories and transportation updates of February 2021!
The need for more truck drivers is rapidly increasing today as the shipping industry undergoes a driver shortage. With a driver shortage, rising equipment costs, and new regulations, shippers are in competition with one another to gain carriers' business. It is more important than ever for shippers to find creative, appealing ways to attract carriers and become a shipper of choice.
Sustainable logistics and green supply chain management practices are becoming increasingly common across the industry due to the rise in consumer expectations for businesses to be environmentally friendly.
Reverse logistics management became increasingly difficult during the COVID-19 pandemic. Learn 3 ways to manage your reverse logistics in the age of returns.
The cybersecurity of supply chains has been an industry concern for a long time. Because of this, the importance of supply chain risk management and cybersecurity becomes widely recognized in the industry.
There were many new transportation updates in the shipping industry last month. Check out some of the top stories and transportation updates in January 2021!
The National Motor Freight Traffic Association (NMFTA) released the final updates of the National Motor Freight Classification (NMFC) on December 19, 2020. This update includes changes mainly regarding such commodities as electronics, building materials, automotive, and apparel. It is crucial for retailers to keep track of the NMFC updates, as inaccurate freight classification can increase shipment costs and disrupt operations.