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The future of supply chain and logistics

The future of supply chain and logistics, in my view, revolves around several key trends, including the last mile, drones, and self-driving trucks. These trends at the intersection of technology and logistics evolve out of a long history of innovation. In fact, i nnovation in transportation  has helped to shape our world in powerful ways. In 1869, Leland Stanford drove the Golden Spike into the ground in Utah, creating the first coast-to-coast railroad. In 1956, Malcolm McLain refitted an oil tanker to carry 58 shipping containers from Newark to Houston. Both of these breakthroughs helped the US to build a world-class infrastructure and lead the global economy. Today, we are in the early stages of a powerful technology disruption that will reshape our world in even more significant ways. How will drones shift freight patterns? Will self-driving trucks take over the roads? Can 3-D printers enable companies to compress their supply chains? Will “the Amazon effect” spark a new ...
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What is drop shipping?

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Dropshipping is a fulfillment method in retail where a store does not keep the products it sells in stock. Instead, products are stored by the product supplier. When a customer makes a purchase from the store, the supplier then fulfills the order directly to the customer, which means the store owner never sees the physical product. Unlike traditional retail, dropshipping allows merchants to sell products without ever holding any stock or inventory themselves. Third-party suppliers fulfill all orders for the merchants. Pros Little to no initial investment With dropshipping, you only pay for what you sell. This means that starting an online store could potentially cost as little as $30, or whatever price an e-commerce platform charges for users. Naturally, this opens the floodgates for virtually anyone to begin an online store and dropship their products. Simplicity Running an online store is simple with dropshipping. No need to worry about handling physical products, orde...
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What are some innovative supply chain management techniques used in modern businesses?

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What are some innovative supply chain management techniques used in modern businesses? The appearance of   innovative supply chain software solutions , with embedded analytics and machine learning, is nowadays transforming supply chains due to a strategic opportunity to impact the bottom line. Transportation management system (TMS) and risk management While the companies want to become digital, the disconnect with current technology architectures is still great. To gain success businesses should nowadays improve agility and become more customer-centric, and the basis of an agile supply chain is a dependable information system, capable of logistics risk management. A perfect   example   of such a solution is a   TMS — transportation management system . The Logistic Management’s 11th Annual Software User Survey has already stated that TMS is one of the top three software solutions which are planned by the shippers for purchase or upgrade over next year. ...
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