Distressed cargo_ When does it occur?

Digitalization is the new advancement in the technology of supply chain management. For every Supply chain analysts, logistic consultants and technology executives have six digital trends to observe. Cloud based systems, analytics, monitoring of vehicles, Goods through IOT improves supply chain activity. 80% people in Logistics sector believe that digital supply chain will be predominant as per MHI’s 2017 annual survey on next generation supply chain 1. Network-focused visibility: The best thing about supply chain is we will be able to watch and understand activities of multiple players involved with the help of Global Trading Networks. 2.  Merge IOT with app processes: IOT is the combination of Sensors, Electronics, Software, Actuators connected to various Physical devices, Vehicles, Buildings etc. to collect data. IOT has to be connected to Transportation Management System. Scenario-based planning: The IOT uses telemetric, sensors and geo positioning signals from

Logistics is an organization involves movement of goods to customer. It’s a part of supply chain management system that plans, implements and control forward and reverse flow of goods and services to meet customer’s requirements. 1PL logistics: First party logistic provider is a company or an individual who doesn’t outsource transport and logistic activities to third person and every function regarding these are handled by their departments in their companies. Any person who moves their goods and services from their place to new place it is called as 1pl provider. He may be trader, manufacturer, importer, exporter, retailer or distributor.  2PL logistics: Second Party logistic provider owns means of transportation. They have their own trucks, ships, airlines and also provide their services for lease too. 3PL logistics: The manufacturer outsources his transport and logistic activities to 3pl logistic providers. They are responsible for Transport, Warehousing, Pack

Smart thing about supply chain is optimizing Five R’s of Reverse Logistics to Maximize Revenue Streams every link from forward logistics to reverse logistics.  Streamlining of five R’s in reverse logistics-Repairs, Repacking, Returns, Recalls, Recycling/disposition and there are more than 5R’S to reverse logistics like Receiving, Recovering, Reconditioning, Re-boxing, Resale etc., Let us group them to 5 categories for the sake of Discussion. Forward logistics is traditional one where products flow from factory to consumer. But reverse logistics deals with the repaired products come from consumer end. Returns management involves repair, warranty, recovery, replacement, replacement etc. Returns: First step of Reverse logistics is returns. Customers return products due to number of reasons like defective, damaged, failed etc., whatever the reason may be. Receiving, inspecting, testing along with RMA verification is necessary Recalls: A critical reverse logistics c

Behind every successful movement of cargo there is Freight broker. It is an individual or company which acts like barrier between company that needs shipping services and an authorized motor carrier. There are some tips for selecting right broker for your needs given by Chip Smith, president and CEO of Twin Modal. Make sure the broker is licensed: Before selecting person or a company as a Freight broker make sure that they have proper license and authority.  They should have federal broker license issued by the federal property broker license by the federal motor carrier safety administration. Look for multiple modes: Most brokers provide not only truckload motor carrier service but also offer additional service options, rail intermodal, air freight, warehousing, LTL, flatbeds, vans, reefers, padded van, shipping and logistics management services. Brokers with multiple modal options can reduce risks of fleet management. Investigate the broker’s carrier sele