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…
At this point in 2021, it is no secret that Artificial Intelligence (AI) has deeply seeded itself into our society. From finishing our sentences through automated suggestions to drone-delivered packages from Amazon, all the way to automated groceries… AI has demonstrated its extreme innovative potential for helping to maximize efficiency in many different areas of our lives. AI’s innovations have…
The complicated developments of the Covid-19 epidemic have seriously affected production, business and product consumption activities of businesses. Moreover, the pandemic also caused many businesses to stop production or even go bankrupt. It is an undeniable fact that the COVID-19 pandemic has created new challenges for warehouse management. The manual process has traditionally been time-consuming and requires a high amount…
The operation and management of inbound/outbound in the warehouse or maintaining inventory in an unreasonable way significantly affects manufacturing and business activities. Besides, the warehouse area is too large, or workers and managers without a standard process, will have many difficulties in capturing and controlling the problems that are happening in the warehouse… The COVID-19 pandemic has been changing the…
Every supply chain is dependent on effective warehouse management, but for the pharmaceutical industry, there are additionally complex challenges to be overcome. No one can deny that the Covid 19 pandemic has shown the general public how important logistical processes around pharmaceutical goods are. It is important to understand that the requirements for a warehouse management system in the pharmaceutical…
