The presence of autonomous vehicles and its impact on Supply Chains

It is certain that the transportation technology is in the midst of a revolution and autonomous vehicles are now the buzzword in the logistics industry. Advanced technologies are constantly improving the effectiveness of current transportation methods and these new developments are bound to re-shape mobility. A combination of developments in sophisticated computer navigation, GPS technology, […]

How does the Chinese New Year affect Global Supply Chain?

The Chinese New Year (CNY) normally represents the largest annual mass migration on the planet. You would certainly know this already if you outsource any product from China. Generally, CNY creates two to four weeks of complete silence from an entire country, including your suppliers, contract manufacturers, and partners. Almost everything shuts down, including the government […]

How will the US-China trade war affect global Supply Chain?

Today, trade war is the highest risk to global growth. Previously, lower tariffs and relaxed trade barriers reinforced global supply chain and caused a major increase in global trade. According to statistics, the average rate of tariffs on imports by World Trade Organization members declined from a little more than 12.74% in 1996 to 8.8% in 2016. Hence, […]

10 Strategies for improving Supplier Relationship Management

There is no doubt that strategic supplier relationship management is one of the most important means to drive competitive advantage for modern multi-national corporations. It is as important to extract the best from key partners as getting the best from employees. Let’s take for instance, companies like Toyota which excelled in supplier management, leading to a […]

How to use New Technologies to Encourage Supply Chain Sustainability?

Supply chain sustainability includes best practices and technologies that take into account the environmental, social and legal aspects of a supply chain’s components as well as their economic factors. Achieving this goal necessitates the involvement of the entire supply chain. In order to meet the needs of customers and markets, manufacturers need up-to-date and accurate information about […]

How to Maximize Profits with Customer Retention Strategies?

Customer retention is an essential element for growth and long-term profits for any business. In order to stay relevant and ensure customer satisfaction, it’s essential to constantly optimize and update your customer retention strategies. Everything from campaigns to improving your omnichannel strategy can help you boost customer retention and increase trust and loyalty. It is common for business leaders to think […]