A 100-day Biden administration review found that global supply chains remain in crisis, even as economies reopen. A pandemic-related worldwide shortage of computer chips has stalled countless production lines, with automobile makers alone projected to lose $100 billion in 2021. A lack of delivery capacity has stranded ships outside ports, inflation is on the rise, and logistics companies struggle to recruit employees as the American workforce reshapes itself in…
Widespread vaccinations and warmer weather are leading to the reopening of communities and businesses around the world. As this occurs, supply chain companies will play a critical role in the global economic recovery from the pandemic. These businesses will benefit from many new opportunities but also face considerable challenges posed by shifting conditions. To stay…
The global pandemic brought massive challenges and changes to the world’s economies and supply chains. Many manufacturers initially cut back on production in anticipation of a massive slump in consumer purchasing. But consumers continued to spend through lockdowns, turning to e-commerce platforms as brick-and-mortar stores saw a decrease in foot traffic under lockdowns. While companies struggled to meet this unexpected demand, the…
As every retailer knows, the COVID-19 pandemic and resulting economic crisis have been incredibly challenging for the industry. Between statewide lockdowns, the need for enhanced safety and hygiene measures, and slowed economic activity in certain markets, the industry’s already narrow margins have gotten even slimmer and supply chain innovation has suffered. To survive and thrive…
The warehouse automation market—composed of innovative practices and machinery that cut labor costs, protect workers, and accelerate operations—is predicted to reach $89 billion by 2026. As managers begin to adopt these warehouse practices, they often face a steep learning curve. One way managers can flatten the learning curve is by ensuring that they approach the…
If your facility invested in an automatic pallet wrapper, then you’re likely already experiencing total cost of business (TCOB) reductions. Consider the efficiency gains in sheer productivity. Remember when one warehouse worker would wrap maybe thirty pallets over the course of an entire workday? Entry model turntable wrappers can wrap as many in one hour,…