The Friday Report: August 31st, 2018Quick wrap up of a few hot topic newsworthy stories in the supply chain logistics industry
UPS Launches Ware2Go
UPS recently launched a new collaborative technology platform called Ware2Go to connect small and medium-sized businesses with warehouses. With the huge shift towards e-commerce, merchants are looking for companies to provide order fulfillment capabilities. Matching the merchants up with warehouses that have space available solves both sides of the equation.
Target Retail Stores at Center of its Fulfillment Strategy
Significant investments in the physical infrastructure of Target retail stores and a new e-commerce strategy are paying off for the retail giant. Target has made changes to satisfy consumers’ need to participate in a traditional store trip, pick up a drive-up order, in-store order as well as facilitate a trip by a ship shopper and e-commerce orders. These changes were designed to increase labor efficiency, reduce store workload associated with unloading and restocking while reducing out-of-stock items.
2018 Shaping Up to Be Tough Peak Season
With the U.S. economy moving full speed ahead, the peak retail season is anticipated to be strong yet filled with potential struggles.
Already shippers and freight industry experts have noticed surging imports, carrier service reductions due to industry consolidation, and a forecast for more cost due to general rate increases and bunker surcharges. Speculation persists that imports have increased to beat tariffs and that shippers started their peak shipping early this year.
The freight industry has noted an increase in transloading this year and intermodal has proven helpful in meeting the evolving supply chain needs.
About the Author:Laura Olson