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This Week in Logistics News (July 20 – 26)

Logistics Viewpoints

And now on to this week’s logistics news. And they present a host of logistical challenges. The trucking industry is turning a corner after a prolonged freight recession that succeeded the Covid boom in transportation rate and services, according to logistics executives. Dozens more are awaiting delivery to China.

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2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM).

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Corporate Sustainability Due Diligence Directive (CSDDD): Addressing the Entire Value Chain

Logistics Viewpoints

The CSDDD will be phased in over an extended time, starting in 2027 companies with 5,000 employees and a 1.5 Source: Deloitte The CSDDD is still awaiting final approval, but the core due diligence steps will require companies to identify potential, and actual adverse human rights and environmental impacts.

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The Evolution of Logistics: Connectivity, Data Integration, and Virtual Design

SCMDOJO

The term “logistics” may be relatively new, but its general principles date back to ancient civilizations. The early Mesopotamians, Egyptians, Greeks, and Romans pioneered the principles of logistics and designed trade routes to facilitate their connections with other nations.

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FedEx and UPS Recourse to Price War

Supply Chain Matters

Background The prior boom in online retail fulfilment was financially beneficial to parcel logistics and transportation services providers including FedEx and UPS. with the goal of reducing The established goal is to save $4 billion in costs fiscal 2025, and a cumulative $6 billion in costs by 2027.

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The Role of Logistics Management in Optimizing Supply Chain Operations

Locus

All successful modern-day businesses rely on an efficient system of logistics management. An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. What is logistics management? What is logistics management?

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10 Trends in Supply Chain Management & Logistics for 2022

Unleashed

How is the logistics and supply chain management industry evolving – and what developments do you need to consider? Now they’re within the grasp of many organisations with a logistics or warehouse function. Read more: Supply chain management explained: methods in modern business 1. billion to $5.6 billion in 2021.