Technology has always been the driving force behind logistics. In the past centuries, people looked for ways to move goods faster, in greater bulk and more economically. The problems were solved primarily by the invention of the railway, automobiles (including trucks), modern ships and airplanes. The invention of the computer, the Internet, and related technologies… Read More Emerging Technologies that can Change 3PL Service Offerings
The studies of science, technology, engineering and math (STEM) have shaped the logistics industry into what it is today. In recent years, logistics has made momentous strides with the help of new technology. More companies are beginning to invest in logistics to optimise supply chain management and increase customer satisfaction. The approach of STEM education… Read More Future of Logistics through STEM Education
As per the global standards, the cost of logistics should be 8-9% of the cost of product. Unfortunately, in India, it is nearly 1.5 times that of the global standard, hovering around at 13-14%. That’s why most logistics companies’ big task is to answer the question ‘How should we reduce our logistics cost?’ Before jumping into… Read More Six Areas to Focus on to Reduce Logistics Cost
The Holy Trinity of Manufacturing (having the right product, at the right time, and at the right price) is a need for all which is only growing. It is important to understand that collaboration with logistics companies, and even third-party logistics companies, can help in achieving this Holy Trinity. The reason for outsourcing certain processes… Read More How to Select & Manage a Logistics Company?
On a day-to-day basis, the industry of supply chain is being transformed by socio-economic growth and the behaviour of consumers. The logistics behind supply chain management is also adapting to these transformations like rapid advancements in technology. More than ever, transparency is now important to the consumer. Instant information and demand requirements have become a… Read More Three Ways Consumers Are Transforming Supply Chain
Everybody understands the benefits of outsourcing logistics processes to a third-party logistics provider (3PL). It is becoming increasingly difficult for business organisations to control all their warehousing, transportation and administrative tasks that come with shipping and managing inventory. That’s why they are turning to 3PLs that help them with cost reductions and overall management of… Read More Does Outsourcing Logistics make sense for Everyone?
Social media is often quickly thought of as something we use to keep up with family and friends. But, is there business value in applying social media to logistics and supply chain management? Let’s get to know about it. In the world of logistics, social media is like a mechanism for discovering and communicating with… Read More How can Logistics Industry exploit Social Media?