Articles by tag: Logistics

With powerful tools like machine learning and AI, could retail logistics headaches be a thing of the past? With the rise of e-commerce, especially during the pandemic, the logistics and delivery sector has seen a significant uptick in activity. As consumers increasingly rely on online shopping, the need for efficient and sustainable delivery solutions…

Semi-Related, an Optym Podcast hosted by Jacob Eischen, welcomes guest Dean Croke, Principal Analyst at DAT Freight and Analytics. Croke sheds light on the seasonality of trucking and its impact on truckers. Croke emphasizes the existence of distinct trucking seasons, such as the peak shipping and retail shopping seasons towards the year-end, followed by…

How is AI transforming the logistics industry, and what are the key trends shaping its future? Join Chris Torrence, Chief Strategy Officer at Optym, as he welcomes Bart De Muynck, a strategic advisor in logistics and technology. The dynamic conversation between the two industry veterans touches on various macro-level trends in the supply chain,…

In the past few weeks, the logistics industry has faced unparalleled challenges. From narrowly avoiding the costliest strike in US history, to major players like Yellow Corporation declaring bankruptcy, it’s evident that the supply chain is experiencing significant turbulence. Amidst this, industry reports indicate a “market cycle slump,” even as the growth of e-commerce…

In recent years, the narrative surrounding retail shrink—a significant issue for brick-and-mortar stores—has taken a dramatic turn. Fueling headlines are reports of escalating organized retail crime (ORC), with stores like Walmart shuttering locations in Portland, Oregon, and Target predicting a $500 million impact on profitability due to inventory shrink. Contrarily, some recent surveys show…

Consumer behavior continues to change in the wake of the pandemic. One trend found by 6 River Systems is that consumers demand “omnichannel” retail experiences that are consistent across channels. It can be very difficult for retailers to bridge the gap between brick-and-motor and online delivery of their products. How can retailers create seamless experiences…

The ISCPO 2023 Conference provides the opportunity for Think LP to stay current on the challenges faced by logistics and retailers in the loss prevention realm. The goal of Think LP is to continue upgrading and evolving its software to meet the ever-changing needs of its customers. Think LP is an intelligent loss prevention software…

Thanks to high inflation, rising interest rates, and massive job cuts, fear of recession has become modus operandi for most businesses. Even with year-over-year inflation somewhat cooling and with the shuttering of Silicon Valley Bank, the Federal Reserve shows no signs of continuing its path of demand destruction with interest rate hikes. A bearish…

With the shortages caused by COVID-19, you have likely heard about and know what a supply chain is. But what about a value chain? A supply chain is typically more of the parts and materials location of manufacturing, and transportation of a product, whereas the value chain incorporates product design, R&D, advertising, and marketing, according…