Global trade is essential for the smooth functioning of supply chains. Tariffs, which are taxes imposed on imported goods, have significant effects on a company’s bottom line. By directly elevating the costs of raw materials and finished products, these trade barriers introduce volatility at every point of a business’ supply chain. In today’s interconnected global […]
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How Inventory Management Rescues Supply Chains From Inflation
Spooked by rising inflation and shrinking profit margins? You’re not alone. Unfortunately, recent inflation has made everything frighteningly more expensive. From raw materials to shipping and storage, businesses across the U.S. have been plagued with logistical nightmares. After years of record-high inflation rates, the U.S. inflation rate has finally hit a three-year low at 2.5%. […]
Real Benefits of Artificially Intelligent (AI) Inventory Solutions
In the age of technology, the message to customers and businesses everywhere is loud and clear: sky’s the limit. Supply chains are expected to operate effectively through natural disasters, pandemics, trade barriers, unforeseen factory shutdowns, and product recalls. AI inventory solutions create more powerful and adaptive supply chains. In today’s fast-paced world, simple, reactive supply […]
Shorter Trend Cycles: An Inventory Management Nightmare
Zombies, ghosts and witches aren’t the only things to look out for this Halloween season. Shorter trend cycles, rising costs of goods, and high demand for seasonal products like candy, costumes, and decorations are all haunting manufacturers and retailers globally. In the fast-paced world of seasonal inventory, trend forecasting is crucial for success. Yet, the […]
4 Back To School Supply Chain Strategies
Staying Ahead of the Curve: Prepare your Supply Chain for the Back To School Season School’s out for summer! It’s time to kick back and relax on the beach…while you make back to school shopping lists using your notes app. As one of the biggest shopping events in the U.S., Amazon Prime Day (scheduled for […]
A Green Supply Chain Delivers Sustainable Growth
Green supply chain practices obviously offer environmental benefits, but these green initiatives have significant economic value as well. Nowadays, it should come as no surprise to businesses that their customers value eco-friendly products. In fact, at least 70% of consumers say they are willing to pay a 5% price premium for more sustainable goods. But […]
