Recently, the US began negotiations with Canada and Mexico to revamp some major areas that make up the North American Free Trade Agreement (NAFTA). The changes that will come out of these negotiations will have a ripple effect across the supply chain.
We've all heard stories about the "Company Town." Communities built around a manufacturer and labor forces so dependent on the company for employment that a closure or mass layoff would leave families and communities in dire straights. There are a lot of company towns still in existence today (see list here), but in the last 10 years, the younger demographic has flipped the company town model on its head. Now we're seeing many companies scrambling to follow skilled laborers and young professionals into markets that offer more than just a steady job.
Lightning bolts, floods, fires and the occasional category 5 hurricane are inevitable. They will come. It's just a matter of where and when. While it isn't sexy or fun to put a disaster recovery plan in place, it is critical to employee safety and business continuity when the worst does happen. It is also critical to understand that real estate is not the only facet of disaster recovery that may be affected if a building site is destroyed or disabled. Disasters will have a global effect on HR, IT, marketing, finance in addition to operations and real estate. A streamlined and updated Disaster Recovery Plan (DRP) can save lives and reduce the the overall impact on your company.
Building a brand new building is probably the best way to incorporate "green" systems and processes into your warehouse or distribution center. However, most companies are dealing with razor thin margins and need to instead make due with older and less efficient facilities. This post will break down five small adjustments to existing operations that …
In this post I'm going to break down some of Murphy's practices regarding asset allocation strategy (lease vs. own), sustainability efforts and location strategy that have been critical to Murphy's long standing run as a third party logistics firm (3PL).
Online retailers have enough to worry about simply merchandising and marketing their product. So, throwing warehouse operations into the mix can be overwhelming. Often times, optimizing warehouse operation practices takes a back seat to other divisions. Here are six ways to put warehouse operations to work for you.
Leasing is an important activity for many organizations - whether a public or private company, or a not-for-profit organization. It is a means of gaining access to assets, obtaining financing, and reducing an organization’s exposure to the risks of full ownership of the underlying asset.
As space availability continues to tighten up in second and third tier markets, rental rates will increase and I expect you will see logistics companies with a large owned footprint dominate bids for logistics contracts until there is a downward shift in the market.
Consumers and businesses alike are making decisions with a heavier focus on how long it will take for the product to get from A to B. In fact, companies are beginning to rely on 3D printing to stay competitive in certain markets. This seems like a "no-brainer" when you compare a typical supply chain model to the simplistic way 3D parts are produced.
It's no surprise that data driven decisions are continually being incorporated into decision making and management of processes throughout the supply chain. Big data will allow companies (shippers) to optimize the supply chain, increase visibility across organizations, and drive efficiency throughout the supply chain. Large logistics providers understand this and have more capacity to …