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Image via Flickr aushiker In 2015, ocean cargo rates for contracts on major East-West routes saw a sharp decline. As a result, carrier profits have been suffering. Contract rates have fallen because of lower fuel costs, more carrier competition, and surplus vessel capacity. Take a look at what this means for the transportation industry now…
Image via Flickr by Ding Yuin Shan When operational dysfunctions occur, the source of the problem is usually linked to the supply chain. Effective supply chain systems integrate seamlessly into a company’s operations and need a great deal of teamwork for success. A dysfunctional supply chain can drag a business under very quickly. Here are…
Image via Flickr by Rewji23 The chief executive officer of luxury automotive manufacturer Bentley Motors, Dr. Wolfgang Schreiber, has spoken publically about the country’s lack of basic supplier infrastructure when it comes to supplying needed parts for automakers. According to Schreiber, the country’s government is doing a good thing by providing £1 for the into low-carbon engines…
Image via Flickr by oskay The high-end electric carmaker, Tesla, plans to source raw materials for its battery Gigafactory solely from North America to expedite manufacturing and reduce environmental impact. This is a bold move for the automaker, and one that could prompt other producers and suppliers to rethink their strategy. Read on for more…
Image via Flickr Nick Saltmarsh The healthcare industry faces numerous unique supply chain challenges. Hospitals and other medical facilities need the supplies they order in a timely manner because delays can mean the difference between life and death. For instance, if a hospital ER department does not have enough saline bags, a patient could die…
Image via Flickr by MDGovpics The very monotonous nature of the supply chain presents a unique opportunity for supply chain managers that few are aware of and even fewer use to their full advantage. Day after day, week after week, and year after year, companies go through the same processes of acquiring raw materials, shipping…