With the emergence of new digital technologies and real time information update and exchange through web-based devices, eLogistics have transformed the traditional methods of transportation and trade logistics with integrated applications and the use of software means to enhance the commercial trading process.
Frankly, the education system, parents and the manufacturing industry itself have played their part in dissuading today’s youth from pursuing a career in manufacturing.
Analytics has been a buzzword in recent years. Everyone seems to be clamoring to get on the big data and analytics train. Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments.
Competition. It is the ultimate in business. It serves to keep a balance between reasonable prices and profit margins. It keeps companies from hiking their prices on consumers, and it encourages businesses to produce better products and meet customers’ expectations. While competition is good, it is often forgotten when thinking about shipping.
Logistics technologies are changing how modern retailers operate. Huge warehouses are being built to house an infinitely higher number of products. Home Depot is revamping their distribution center strategy to include a host of regional centers, and logistics providers stand to reap significant profits from increased collaboration in the marketplace.
Today’s logistics empire is not your grandfather’s or even your father’s logistics operation. Consumers are expressing an unprecedented amount of power through eCommerce, and in fact, eCommerce logistics is growing increasingly reliant on small parcel and package delivery options daily.
In 2015, global eCommerce generated more than $6.6 trillion, reports James Keller of Internet Retailer, and 2016 is shaping up to surpass last year’s records. Meanwhile, major payment processing companies, such as Visa, and dominant shippers are turning their attentiveness to improving global eCommerce this year.
ECommerce is growing at an astonishing rate. In fact, the number of online sales rose 16.3-percent annually, reports Jeffrey B. Graves of Inbound Logistics, accounting for nearly one-half of $1 trillion by 2010. Meanwhile, the number of warehouses has not yet grown enough to accommodate the surge in order fulfillment and processing.
On July 1, 2016, the Institute for Supply Management announced the manufacturing index rose to 53.2 in June, reports The Chronicle Herald, alluding to a potential increase in overall U.S. GDP, which holds major hopes for the future of manufacturing. Yet, the renewed scrutiny of Clinton for her emails and unstable politics continue to frighten many U.S.
A transportation management system (TMS) is often considered an ideal choice for less-than-truckload (LTL) and full truckload (FT) shipments. In reality, a dedicated TMS can be applied to improve the efficiency and dynamics of any type of shipment. For small package shipments, a TMS can prove to be an invaluable resource by providing the following significant benefits.