The United States Postal Service (USPS) saw package volumes decline by 47 million pieces in the third quarter, a 3.2% drop compared to the same quarter a year ago, according to the agency’s Q3 earnings report. This is the first volume drop in nine years.
CallumUSPS parcel volume drops for 1st time in 9 years
According to a DHL’s Top Ten Trends in the Life Science and Healthcare Supply Chains report, temperature and traceability are key determinants for healthcare supply chains. The integration of a digitalised supply chain and data analytics was also a top priority for management.
The need for temperature control and traceability in the healthcare industry remains on the forefront for the past decade, with the industry focused on improving cold transport, packaging and tracking technologies.
Rising production and sourcing costs and protectionist trade policies are fashion companies’ top business challenges in 2019, according to a report from the U.S. Fashion Industry Association. The number of companies holding a positive five-year outlook dropped from 84% in 2018 to 64% in 2019, according to the report’s survey.
Due to tariffs and the ongoing trade war with China, 83% of fashion industry respondents said they plan to reduce their sourcing from the country, up from 67% in 2018. Only 6.7% of respondents said they plan to “reduce sourcing significantly” however, demonstrating the continued business value of maintaining a presence in China. Half of the respondents said their Chinese vendors lowered prices in an attempt to keep from losing customers to Vietnam, currently the alternative manufacturing country of choice.
No matter the occupational space you currently call ‘home’ or the one in which you lead a team of C-suite level executives, it is nigh time you and your strategic decision-making unit (DMU) stop ignoring the 800-pound gorilla in the room, or, and more to the point, perhaps, the billionaire on the backhoe breaking ground in a city near you.
No doubt you and your senior management team are aware of the disruptive forcefield surrounding Mr. Bezos, but an arms-length approach toward monitoring exactly what he is doing in the third-party logistics (3PL), transportation, and distribution sector is an unwise approach. This is especially so given the unrelenting march of Amazon and its founder into every aspect of the supply chain and its commanding software-as-a-service (SaaS) pipeline.