The severe shortages of semiconductor chips will have a major influence on global vehicle manufacturing in 2021 and the following year, causing the automotive industry to suffer massive losses. According to a Bloomberg report, there is a severe scarcity of display driver chips, which is causing problems for a myriad of industries, including the automotive
Disruption in the manufacturing process due to the global pandemic of COVID-19 has also taken a toll on the tech industry. Global lockdown has accelerated consumer’s shift to e-commerce, thus leading to rising demand for omnichannel solutions. Responding to this trend, a mature supply network is crucial to overcome the complexity of manufacturing high-tech products.
Inventory control systems are technology solutions that integrate all aspects of an organization’s inventory tasks, including shipping, purchasing, receiving, warehouse storage, turnover, tracking, and reordering. While there are some debates regarding the differences between inventory management and inventory control, the truth is that a good inventory control system does it all by taking a holistic
Overall impact of COVID-19 on the supply chain remains unknown even though it is forecasted normalcy in China return in April, Reuters reported. China’s role in global trade has grown significantly as a primary producer of high-value products and components that are exported globally. China has also become a large customer of global commodities and
Warehouse which is supported by fully-automated fleets and high-flying drones have been stymied by logistics and safety issues. However, even though warehouse trends in automation are not yet ripe for the picking, it does not mean that warehouse operations are stuck with technology from the past. There are some hosts of game-changing warehouse automation technologies
It’s that time of the year again. For most logistics and supply chain companies, the holiday seasons are incredibly busiest time ever. Shoppers want more good stuff while suppliers want on-time deliveries. Trucks and shippings are operating non-stop for fulfilling the demand of consumers. According to USPS stats, nearly 16 billion pieces of mail and
Mobile technology has played a key role in supply-chain management, particularly in the warehouse. Mobile devices are faster and handier in helping the work of supply chain management, such that it can facilitate advanced communication and help businesses operate more effectively. On this matter, Adrian Gonzales, the director of the Logistics Viewpoints blog, commented that
Around one-sixth of all energy used by industry ends up as waste heat, as reported by researchers at Swansea University. Then the heat is emitted into the atmosphere, resulting in a massive amount of carbon footprint in the thin air. Specifically, waste heat is heat produced by a machine or other process that uses energy.
Consumer experience is important for businesses as it helps them build credibility and gain trust from customers, thus leading to business success. Order fulfilment, in this regard, is the key process in determining consumer experience. As mentioned in Keely L. Croxton’s study, order fulfilment is a process in which customers interact directly with firms. It
Imagine growing your own food instead of grasses in your garden, won’t it be much worthy? Amidst the rapid development of digital technology, farming remains essential to provide life necessities. With limited availability of land in the city, it comes as no surprise that urban farming has become a new buzzword. While growing food in