In today’s globalized economy, businesses rely heavily on complex and interconnected supply chains. While these supply chains can provide significant cost savings and efficiencies, they also create new risks and supply chain vulnerabilities. Supply chain disruptions can arise from various sources, including natural disasters, political instability, cyber-attacks, and pandemics. These disruptions can cause delays, lost […]
Fraud, Fraud Detection, and Fraud Prevention – These terms get thrown around in virtually all sectors where transactions are occurring and there is an opportunity to profit from another party’s lack of security, the logistics industry is no exception. For a broker or carrier, fraud in freight brokerage can be devastating for a smaller organization. […]
It may not be reflected in the latest DOE average cost per gallon for diesel, however the local station in Dubuque, IA, just dropped the price of diesel to $3.99 per gallon. The latest DOE posting reflects an average cost per gallon at $4.28 to lead off the month of March. The EIA is reporting […]
As we close in on the three-year mark since the pandemic began in earnest, we have begun to see the long-awaited shift from survival mode and putting out the latest fire to execution of key initiatives to mitigate future risk. Alongside risk mitigation, we have begun to see a number of clients take the overall […]
Webster’s definition of supply chain is “the sequence of processes involved in the production and distribution of a commodity”. While broad, when adding the word “resilient”, the term requires a deeper definition. The definition must be broad enough that each vertical of a supply chain aligns with the objective: sales, purchasing, manufacturing, and distribution. What […]
January is starting the year at $2.92 cost per mile for the Rockfarm truckload index, an increase from December’s $2.89 and the highest since August of 2022, which also reported the same at $2.92 cost per mile. The average DOE cost per gallon for diesel fuel remains elevated over the past year. However, it has […]
For the past few years, digitalization has been a buzzword. Today, digital transformation should be a standard practice in our supply chains.
Drew Burken discusses why supply chain visibility and digitization are important factors when building out your logistics team.
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