As if supply chain professionals don’t have enough on their plate these days, we can now add the procurement of pallets to their list of concerns. A backbone of retail and grocery supply chains, pallets are now both hard to come by and much more expensive than they were prior to the pandemic.
Shipping delays that became common in the second half of 2020 continue to wreak havoc on supply chains in 2021. In March of this year, only 40% of container ships arrived on time at ports across the globe – compared to an average of 70% the last two years.
While the logistics industry hopes for good news on the driver shortage front, recent labor statistics are not delivering. April numbers are down from March, and March’s numbers were lower than initially thought.
If you have priced LTL transportation for your products in recent months, chances are that you’ve seen prices rise. A lot.
While they may not realize it, consumer returns come at a substantial cost to consumers. For every $1 billion in sales, the average retailer is incurring $106 million in merchandise returns. That is over 10%. These costs are ultimately passed on to consumers as prices are inflated to cover the cost of returns.
An article from the JOC shows that U.S. imports from Asia continued to climb in March. In fact, March was the second-busiest month on record, with imports jumping 22% from February and a whopping 90.5% compared to last March.
In our new segment, “Happening Now,” we share timely industry articles to keep our readers up to speed on important logistics news.
In our new segment, “Happening Now,” we share timely industry articles to keep our readers up to speed on important logistics news.
A new article from Storage Solutions examines the costs related to honeycombing in the warehouse. Simply put, "honeycombing" is the act of creating dead or vacant space in the warehouse that results in operational inefficiencies and higher costs.
In our new segment, “Happening Now,” we share timely industry articles to keep our readers up to speed on important logistics news.
Congestion issues at the Ports of Los Angeles and Long Beach are still creating a mess for trans-Pacific importers. Check out this Freight Waves article, which includes a flyover video of ships anchored within San Pedro Bay.
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