Logistics

Logistics (96)

IT Teams Up and Down Supply Chain Can Help Simplify Tax Collection

With the proliferation of omnichannel commerce, retailers up and down the supply chain are faced with new and complex tax compliance challenges. For many companies, the 2022 holiday season acted as a stress test for this explosion of new ways to buy and sell and there is little evidence to suggest a slowdown in sight. While IT teams aren’t traditionally thought of as partners to their tax department counterparts, technology has become a vital piece of the compliance puzzle.

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Summing Up the Supply Chain of 2022

The coronavirus pandemic has affected many parts of the value chain, ranging from raw material sourcing to the customer. It has significantly tested various aspects of the companies, such as commercial, operational financial and financial resilience. This challenge has highlighted the risks and resilience gaps for most organizations. With the challenges in the previous years and 2022, we can all look back and sum up the supply chain of 2022. Below is the summary of the supply chain for 2022.

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Satellite IoT can ensure holiday shipping runs smoothly

As the holiday season ramps up, the shipping industry is bracing for a 30-40% increase in online orders. Shipping challenges are inevitable given the strained global supply chain and the 80,000 delivery-driver shortage reported by the American Trucking Association. Fortunately, satellite IoT provides a solution to the impending shipping and logistics difficulties with reliable visibility and asset tracking anywhere in the world.

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Supply Chain Difficulties Might be Bypassed

Fast delivery is an important part of any company. However, when there is a delay, customers can react, which may lead to backlogs arising from clogged delivery processes. However, routed deliveries can be used to reduce potential backlogs and other issues that may crop up during shipping. Backlogs can also happen if one or various factors in the fulfillment process are disrupted. However, supply chain difficulties might be bypassed through several ways, as explained below:

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These Supply Chain Concepts Are the New Definitions to Live By

The coronavirus pandemic (COVID-19) wreaked havoc in many areas of society. However, one of the areas that were affected the most is the transport and logistics sectors. In some countries and within the US, for instance, transport of products and goods almost came to a standstill except for some essential products and services that were needed to solve the health problems experienced at the height of the pandemic. While the essential services were given priority, they also struggled to deliver the necessary products. Like transportation services, manufacturing also suffered due to challenges in supply chains, which affected the availability of raw materials. These supply chain concepts are the new definitions to live by if you are to survive in the event of another disruption.

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Big Ideas to Transform Your Logistics

The logistics market is a big market that is estimated to be worth billions of dollars across the globe. This means that many businesses are affected across all sectors, ranging from e-commerce and fashion to the high-tech and pharmaceutical industries. With the beginning of the age-old processes that have seen shifting demands caused by technology and the internet age, it has become difficult to satisfy the needs of the customers. As such, logisticians and business executives must find ways of addressing new problems and understand how new technologies work. Here are big ideas to transform your logistics in the modern dispensation.  

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Is Your Supply Chain Truly Transparent?

The concept of supply chain transparency is nothing new. It has been here for a decade and a half. However, it has gained fame over the past few years in the wake of the rising customer demand for information regarding the movement of its products across the supply chain. Furthermore, there is an increased interest from governments, NGOs and other stakeholders who seek information from the supply chain service providers. With these demands, the reputational costs of failing to do so are high.

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State of Emergence in Georgia

Last Thursday, Georgia Governor Brian Kemp declared a State of Emergency amid supply chain disruptions. The executive order went into effect on Saturday April 16th. As a result of the Covid-19 pandemic and an already stressed supply chain – Georgia has not been able to recover as quickly as they had hoped.

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Logistics Are Changing – Again

In the logistics sector, one of the constant occurrences and unwritten rules that one must keep in mind is that disruptive forces are always at play. These uncertainties and disruptive forces reshape how organizations think about technology, business conduct and how they look into the future. For the logistics industry, market trends affect the sector significantly. The trends range from new technologies to regulations, strategies and tactics needed to ensure compliance. With these trends having a significant impact, adaptation is needed to remain competitive in tough markets. Only companies that embrace the latest trends and use them to capitalize on both the traditional and established technologies are the ones that succeed.

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Check These Issues for Tracking Your Shipping Containers

The global logistics business has grown tremendously over the years in both size and complexity. Keeping track of everything and ensuring a smooth motion and fewer obstacles is a massive challenge. Although some may think that container shipping is effective and has a few challenges, they also have problems. As a shipper, the best way to minimize risks during shipping is to ensure transparency by tracking shipments closely. With real-time end-to-end visibility, you can avoid unpleasant surprises regarding the location of your container. Here are some challenges associated with container shipment.

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