The times are changing. The announcement of New England Motor Freight’s (NEMF) bankruptcy brings attention back to the volatility of the transportation industry. The transportation industry is complex, ever-evolving, and currently facing many hurdles. No matter how lean your manufacturing processes are or how well you manage your inventory, none of it matters if your products can’t reach consumers. Whether you’re shipping food, beverages, or consumer packaged goods, navigating the transportation market can be a difficult endeavor for even the most experienced logistics managers. To...Read more
As the world turns, so does inventory. In your conversations with retailers and warehouses, inventory turnover will likely be a major talking point. Warehouses and retailers want fast moving and consistent items — high inventory turnover is a crucial indicator of this. At first, inventory turnover may seem like a foreign and abstract concept. However, understanding this concept is easy and essential to running a smooth and successful supply chain:Read more
Why inventory turnover is important:
- Simply put, inventory turnover can be defined as the frequency in...
What’s the best medicine for port congestion? Imports are surging and ports in major metropolitan areas present an attractive proposition for importers: quicker speed to market with a high density of consumers within a short distance. However, with surging volumes, this close access to a large concentration of consumers is a recipe for congestion. Port congestion has many causes and effects and is not unique to any one area in the US. As of January 2019, the average container turnaround time for port terminals located...Read more