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…
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…
As new headlines constantly remind us, the world’s supply chains are operating in an increasingly precarious business landscape. The high costs and uncertainty of raw materials, components, labor and transportation have led to some significant product shortages ― most visibly, semiconductor chips impacting the automotive industry, but other products as well… When products are scarce, it becomes even more critical…
Transportation is a massive segment of the global economy, as much as 12% of cash flows, and there are so many parties involved: shippers, carriers, customs and the companies that provide fuel for trucks, planes, trains, etc. There are so many transactions associated with any shipment. Now think about having to wait 60 to 90 days for payment across each…
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…
For drug manufacturers, the first good weakness is to comply with the principles and requirements of GMP. With the strict requirements of the current drug market, pharmaceutical enterprises need to apply GMP standards to be able to ensure technical and management conditions to create quality and safe drug products to consumers. This article will explain the GMP concepts, GMP standards…
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…