Warehouse automation has grown rapidly in recent years, spurred by labor shortages, supply-chain disruptions, and the growth of direct-to-consumer e-commerce purchasing. But, despite the obvious need for automation and its proven benefits, the potential of autonomy remains largely untapped. The report on 2023 Warehouse Automation Trends polled more than 1,000 supply chain professionals across industries, including automotive, third-party logistics (3PL),…
The fourth industrial revolution (I4.0) has been taking place excitingly with the convergence of the physical world and the virtual (digital) world. In which the fundamental driving force behind this revolution is the Internet of Things (IoT) which is developing at an astonishing rate. The potential benefits and growth of IoT seem endless. With IoT, business operations will become smarter,…
On Friday, April 15th, 2022, Total Solution Logistics Company (TSL) had a visit to Trung Nam EMS Factory – the place specializing in research, production and assembly of high-tech electronic equipment SMT belongs to Trung Nam Group, located in Da Nang. Here, TSL is very pleased to meet and discuss with Mr. Peter Huynh – “Vietnamese bird from Silicon Valley”…
Each type of market presents unique opportunities for the supply chain. To grow steadily, companies need to seize the various available opportunities in the market. In recent years, Vietnam is considered as a growing market. This growth market will require a high level of customer service especially demonstrated through on-time fulfillment and delivery rates… A supply chain exists to satisfy…
A new world order is taking shape for the vital supply chains that supply most of the goods we use every day. Companies, especially technology ones, are questioning the legitimacy of the past 50 years of globalization. Its fundamentals include always looking for the lowest cost manufacturer, no matter the distance, and never carrying excess inventory or parts. Modern supply…
As the production and distribution enterprises move further away from the end customer, the signal of demand arising in the market will be at greater risk of deviation. At some point, this deviation can be up to 3 to 5 times the original demand. And when demand is returned incorrectly, the supply chain will be negatively impacted, the cause of…
Due to the impact of the attack from Russia on Ukraine, the world crude oil price has just risen to the highest level in more than 7 years, surpassing the threshold of 105 USD/barrel in the context of concern that the energy supply will still be interrupted. Vietnam is also one of the countries heavily affected by the Russia-Ukraine crisis,…
In the past year 2021, the world has witnessed impressive numbers with more than 62,000 Mergers and Acquisitions (M&A) deals globally. Despite pandemic-related impacts ranging from supply chain shortages to the onset of inflation or market volatility, M&A activities are forecast to continue to grow strongly in the coming years. 2022, especially in the field of logistics… What is M&A?…
According to the report of the Emerging Market Logistics Index 2021, Vietnam’s logistics costs account for more than 20% of GDP. Meanwhile, the average logistics cost in the world is only about 11% of GDP. The difference is almost double, but the quality of service is not high. Traditionally, logistics in the supply chain consists of goods transportation to a…
As a company expands its operations, its supply chain naturally grows right along with it. The processes become more complex, which in turn stresses the importance of accuracy at each link in the supply chain. This is where RFID technology comes into play. This technology is especially suited for goods circulation and tracking. For a supply chain, the RFID technology…
