Industries | SupplyChainBrain

Industries: Page 605

Nobody Thinks About Cargo Insurance — Until $1M Goes Up in Smoke

Challenge: The operations vice president of an oil and pipeline construction company recently admitted there was a time when he wondered if his company’s cargo insurance policy was worth it. The company sources goods from around the world, moves cargo by multiple modes and runs a supply chain through some of the world’s most high-risk countries. Thanks to meticulous packing and some good luck, they'd had very few supply chain incidents over 11 years. Until that summer, a few years back. That June, a truckload of welding equipment heading to Moscow caught fire. The $809,000 shipment was a total loss. One month later, a cargo ship carrying two of the company's containers, worth $150,000, caught fire. Those containers were also total losses.

Traditional Retailers Struggling? It’s Not All Amazon’s Fault.

If you want an explanation of why brick-and-mortar retailers are struggling today, industry observers say, look no further than Amazon. But there’s more to the picture than that.

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The Growth of Exclusive Brand Labels

Increasingly, the old, functional ways of operating across the supply chain are working less effectively. New ways of working have emerged, which put collaboration at the heart of establishing a powerful rapport with the consumer. Successful retailers understand this. The new creed is to work more effectively and efficiently, both internally and externally, to derive more value from the supply chain and, crucially, to get closer to the customer. -Nancy Marino, Senior Vice President, Tompkins International, and Chief Development Officer, MonarchFx

3-D Virtual Technologies: The Industry's Next Innovation Frontier

Faced with increasing pressure to meet today's digital consumers' demand for personalization, varieties and values – all under shrinking lead times and heightened competition – the foremost strategy in the apparel industry is to minimize time and cost related to product development and market launch. Top companies are leading the field in 3D virtual technology applications in this area, enabling them to reduce time and cost to market, while simplifying process and improving supply chain collaboration. -John Coyle, Professor Emeritus, Logistics and Supply Chain Management; Steve Tracey, Executive Director of the Center for Supply Chain Research; and Kusumal Ruamsook, Research Associate of the Center for Supply Chain Research, all at Penn State

Q&A: What We Have Here Is a Failure to Collaborate

A survey by 3M Company finds a large number of suppliers holding back from engaging in true collaboration with buyers, due to a lack of openness and customer incentives.

Solving the Problem of 'Too Much Data'

Conversations with supply-chain executives about how companies can swim in the sea of big data without drowning in it.

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Blockchain Could Revolutionize the World of Supply Chain Management

Blockchain, the technology underlying bitcoin, has some challenges to overcome. But the potential applications are so compelling, supply chain managers should quickly learn more about it and begin to conceptualize how it can be applied to their businesses.

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U.K. Prime Minister Theresa May Is Seeking a Free Trade Deal With China

Britain is seeking a free trade agreement with China, Prime Minister Theresa May said on Wednesday as she flew to the country for talks with Chinese leaders, adding that more should be done immediately to open up market access for British firms.

100+ Senior Military Logisticians and Engineers to attend Combat Support Week in London

German Automakers Are Berated Over Tests on Monkeys and Humans

Public criticism of the German auto industry has escalated after a report that an industry-sponsored entity commissioned a study of the effects of diesel exhaust using monkeys, and that another study exposed humans to low levels of one type of air pollutant.

In New York City, Warehouses Have Nowhere to Go But Up

In New York, an insatiable demand for warehouse space is colliding with a chronic land shortage. The only place for property developers to go is up.

'Is It Shoplifting If It’s Not the Customer’s Fault?': Amazon Go Raises Questions for the Retail Industry

“Just walk out,” say the signs at the entrance and store windows at Amazon’s newest concept store. “No lines. No checkout. (No, seriously.)”

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Photo: iStock/Anastasiia Yanishevska

How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

Mobile geolocation service for track delivery, cargo shipment and freight transportation. Logistic Import Export business (Elements of this image furnished by NASA)

Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

Franchise business e-commerce online e-marketplace or digital marketing branch expansion for growth or use technology to analyze product consumer data website management plan for sale service concept.

Moving Robots Site-to-Site