The transportation cost alone can consume around 10% of the total revenue. The profitability of the business is significantly impacted by this considerable percentage. Therefore, evaluating delivery performance in order to maximize the efficiency of the fleet is thought to be an essential aspect for 3PLs or suppliers. Besides ensuring effective fleet operations and timely deliveries, measuring delivery performance also…
In recent years, e-commerce has grown in popularity and importance in both the global and Vietnamese business landscape. However, many companies expand and launch their e-commerce business without adequate preparation and knowledge. As a result, they fail to pay attention to the unique requirement of the e-commerce business model. There are particular requirements for conducting business on an e-commerce…
Over the last few years, e-commerce has become an indispensable part of global retail. As more people turn to online shopping, online payments, and doorstep deliveries, e-commerce is progressively increasing in popularity. Global retail e-commerce sales are anticipated to reach $5.7 trillion in 2022 and $6.3 trillion in 2023, according to eMarketer (USA). User-friendly interface design, product and service diversification,…
Cross-docking operations increase throughput at critical distribution points by unloading shipments from an inbound trailer or railcar directly onto outbound transport. This practice eliminates the need to store freight. To improve throughput, you must minimize travel, footsteps, material handling distance, and freight touches. Discover how to increase cross-docking efficiency with these tips from Nelson Bettencourt, senior vice president, domestic products,…
Even as the global economy is returning to its pre-pandemic glory, there is a rising awareness and concern about environmental sustainability. With the increasing need to align modern businesses with the goals of environment friendly practices, it has become imperative for businesses to adopt greener solutions to not only do their bit for the environment but to also gain international…
According to Cleo’s 2023 Global Supply Chain Executive Report, half (49%) of senior executives surveyed say that making proactive investments in integration technology has increased their company’s agility, which enabled them to gain $1 million or more in additional revenue in 2022. About one-fifth (18%) said the additional revenue provided by increased agility equated to $3 million or more. The…
Over the past several years, online businesses have shown surprising growth leading to a huge leap in demand for logistics services. The growing focus on the importance of efficient, timely deliveries has led many large companies to outsource 3PLs to manage their logistics services. In a scenario where everyone wants better prices, freight forwarders and logistics companies need to act…
Recently Blue Yonder released the findings of its annual Supply Chain Executives Survey1, which echoed many of the key themes. It is clear that, across industries, companies are still challenged to operate their supply chains profitably and predictably in the face of ongoing disruptions, rising costs, labor shortages, and sustainability pressures. The great news is that, amid the chaos, we are…
Over the past three years, retailers have been wrestling with product shortages and increasingly painful out-of-stock issues. More recently, however, in the face of inflation, they’ve been struggling with overstocks, made worse by soaring food prices and tight financial times. What is “Overstock”? Unlike “out of stock” where goods are not available for immediate sale or use, “overstock” is understood…
In Vietnam, green logistics activities are often seen as aiming at sustainable, friendly and environmentally friendly goals, minimizing negative impacts on the environment. The concept of green logistics The term “green logistics” or similar terms such as “sustainable logistics”, “sustainable green logistics”,… was first mentioned in the 1980s. Since then, many organizations and researchers have come up with different concepts…
