There is no disagreement about the fact that successful order fulfillment drives profitability because it’s an integral part of the customer experience. When your customers receive the right products at the right time, they are more likely to remain loyal to the brand. Your ability to retain customers through effective order fulfillment can lead to future sales from the same customers and therefore reduce your company’s expenses for marketing and acquiring new customers. Consider these statistics:
Port congestion has been one of the most pressing issues in the logistics industry for some time now—and the problem has only been aggravated by the disruption in the global supply chain during the pandemic lockdowns.
According to the National Customs Brokers & Forwarders Association of America, seven out of 10 of the busiest ports in the country regularly face congestion. The problem becomes even more pronounced during peak seasons or unusual events.
Amidst the blare of the US elections many of us probably didn’t notice the opening of Berlin’s new airport on 31-Oct. With its opening delayed by a good 9 years and budget overshot by $4 billion, the capital city’s airport stands out as an exception in a country reputed for engineering & planning excellence.
Who is the highest earning sports person of all time? If you said Jordan or Woods or Schumacher… let me repeat, I said “all time.” It turns out that some assessments peg the winnings of Gaius Appuleius Diocles, a Roman chariot racer who lived about 1900 years back,
In the weeks following the onset of the COVID shutdowns, most organizations were in crisis-response mode; but as things return to a normal (or semi-normal) state, business leaders should pause, take some time to assess the efficacy of their actions, and internalize the lessons learned.
In recent years, a new saying has grown popular among many business leaders: “Data is the new oil.” With the advent of IoT, mobile devices, and web services, the volume of data available has increased exponentially.
On his popular TV show “The Profit,” entrepreneur Marcus Lemonis repeats this mantra frequently: successful businesses are built on the three P’s; people, product, and process. The concept has its origins in lean manufacturing, but it has since taken hold across a broader spectrum of industries.
October 12th, 2019 was a red letter day for every athletics fan. That day, for the first time in history a human completed the marathon in under two hours! Eliud Kipchoge the current world record holder did the unbelievable and shaved off a good 2 minutes from his best time.
As the year entered its final quarter, I was revisiting some predictions pundits had made for 2019. It’s an interesting exercise I go through every year. Estimating soothsayer accuracy is not the objective.