As companies gear up for peak season, it’s essential to realize that parcel peak surcharges will be significantly different from previous years. UPS, FedEx, and USPS are already predicting historic parcel demands, and practically zero indications have appeared to slow the trend. As a result, it’s essential to realize a few things about parcel surcharges going into peak season 2020. So, let’s give you 5...
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Peak season is rapidly approaching once again and always seems to overwhelm supply chains. The upcoming peak season will probably set an all-new bar for future peak seasons to come, especially during uncertainty and the onset of the global pandemic. And ensuring an omnichannel experience for suppliers, businesses, and consumers is paramount for a successful peak season. A seamless, blended, and omnichannel strategy will undoubtedly improve...
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Just a few months ago, the interplay between work, workforce, and workplace was well-established: Workers generally came together as a workforce in the workplace to get their work done. Then they went home. Most systems—IT, management, HR—were set up to function in that paradigm. Remote work arrangements were often short-term or “exceptions” and often discouraged. And then the catalyst called Covid hit, and—often within...
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Growing e-commerce sales are driving up U.S. e‐commerce logistics costs with a 19.9% CAGR expected through 2020, according to a new report from Armstrong & Associates, Inc.: Rising Tide: The Rapid Growth of E-Commerce Logistics, 3PL Solutions, Last-Mile Delivery, and the Dominance of Amazon. Adjusted retail e‐commerce sales in the second quarter of 2020 hit $211.5 billion, according to the Census Bureau of the U.S. Department...
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The disruptive impact of COVID-19 has put new emphasis on the importance of integrated sales and operational planning (S&OP) software for managing supply chains. This well-established technique helps supply chain management focus on crucial supply chain drivers. But traditional S&OP processes are slow and cumbersome. They aren’t suited to the speed and complexity of modern business. Instead, you need S&OP solutions that keep up with...
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Usage is up 27% due to COVID-19 driven need for a resilient supply chain. Asset tracking solutions that allow companies to track cargo from dispatch to final destination will see a 27% increase in usage over the next five years, according to a new study from Juniper Research. The number will hit 90 million in 2020 and increase to 114 million by 2025. The research...
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Consumers have steadily been shifting to a more customized shopping experience in recent years. This shift went into overdrive as effects of the COVID-19 pandemic spread around the globe, and traditional shopping methods were cut off. Society’s sudden move to a shelter-in-place and work-from-home environment dramatically affected buying behaviors, and, in the process, expectations increased on companies responding to demand. Organizations equipped with an agile,...
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Editor’s Note: Today’s article is from Alexa Lemzy from TextMagic who gives us 4 helpful tips for managing your ecommerce orders for multichannel marketplaces. Online sales are an increasingly important part of any business, with the global online marketplace estimated to include 2.14 billion customers by 2021. For many organizations, taking advantage of this growing market means selling on a multichannel marketplace. Selling your product across multiple channels makes managing your ecommerce...
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Gaining better last mile transparency is essential for shippers to succeed in the Post COVID-19 world. More transparency can help companies overcome shrinking profit margins by reducing waste and ensure positive customer experiences. As explained by Freight Waves, “Expectations have raised over the years, and the biggest bridge that has to be crossed now is the delivery experience – increasing the rate of on-time deliveries, clear visibility...
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In the wake of COVID-19, how can companies increase the resilience in their supply systems? What are forever changes that companies need to adapt to, to ensure long-term success? The World Economic Forum, in collaboration with Kearney, asked C-level executives from different industry sectors how they are responding to the COVID-19 crisis. The result of those interviews is a white paper entitled “ How to rebound stronger...
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