In recent years, stakeholders throughout the supply chain — including manufacturers, retailers, and logistics services providers — have had to find new ways to remain efficient and adapt swiftly to an evolving economic environment. As 2020 brought the onset of the pandemic, businesses quickly realized that stay-at-home orders and tightened restrictions would fuel increased demand…
For a supply chain to function properly, materials management is paramount. Materials management in the supply chain involves planning for material requirements, determining the amount of materials to be deployed at each stocking location, and establishing plans to maintain inventory levels. Inventory can be raw materials or even finished goods. Communication must be maintained across…
There are numerous factors to consider when choosing a pallet supplier. Choosing the wrong supplier can lead to issues that affect every aspect of a business while choosing the right one can make a considerable difference in supply chain efficiency and financial results. Factors to consider when choosing a pallet supplier: Reliability: Choose a pallet…
Radio Frequency Identification (RFID) technology works by using radio wave frequencies to identify objects. i RFID-enabled devices read information without making any physical contact or requiring a line of sight. Electromagnetic fields identify and track objects which carry either a passive or active tag. Unlike passive tags, which require energy from nearby RFID readers to…
Sustainability in the supply chain is more crucial than ever before. According to McKinsey, global supply chains account for more than 80 percent of greenhouse gas emissions and more than 90 percent of companies’ impact on air, land, water, biodiversity and geological resources. Major retailers such as Costco, Walmart, and Amazon have set ambitious, multi-year…
According to a 2020 report by the Reusable Packaging Association, the global packaging market reached an estimated $950 billion in value, with $200 billion of this market considered transport packaging — half of which can be deemed reusable. The demand for reusables can be attributed to a combination of factors including regulations, public concern for…