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The Future Delivered: Rethinking Last Mile in the Age of Instant Gratification
Full text linkThis study explains the problems faced in last mile delivery (LMD) and suggests innovative solutions for them. The demand for home delivery services for delivering small package to the customers’ doorsteps has expanded rapidly due to the exponential growth of online shopping. Last mile delivery has now become a key success factor for any business, thanks to the rapid development of information and communication technology (ICT), e-commerce and the COVID-19 pandemic. Final-mile delivery on the very same day as placing the order for a product, has turned out to be a critical success factor for businesses, since modern-day customers have grown new habits and hence new expectations - the expectation of expedited demand fulfillment through door-step delivery of the products they shop online. Though the costliest leg of the supply chain, LMD will always be what creates the competitive edge for the e-commerce. It is necessary for sustenance and success
The Impact of Russia-Ukraine War on Bangladesh’s Economy: A Supply Chain Perspective and Way Forward
Full text linkBangladesh’s economy is facing significant challenges restricting from the Russia-Ukraine conflict, intensified by its status as an oil-importing nation vulnerable to global oil price fluctuations. This study addresses the current perspectives and challenges which include inflationary pressures, trade imbalances, and disruptions in the supply chain, leading to increased expenditures for essential commodities. This research was developed through a systematic literature review based on secondary data, including online databases, journals, and review papers, etc. This exploratory study reveals that policymakers need to diversify energy sources, forge new trade partnerships, and implement measures to bolster economic resilience. The economic fallout from the conflict, surpassing the actual war in cost, has depleted the central bank's reserves, prompting austerity measures. The forex market experiences volatility, contributing to high trade deficits and the highest inflation rate in recent years. Bangladesh must address forex management challenges and formulate prudent policies for economic recovery. The conflict has disrupted global commodity markets, leading to inflationary pressures and increased costs for businesses in Bangladesh, especially larger organizations handling rising raw material costs and weak consumer demand. The rationale of this paper is to evaluate the literature on this aspect and apprehend the global demand, and supply of food and commodities, economic impacts in Bangladesh, challenges in global trade, trade relations, currency fluctuations, inflation, emergency price, and its consequences, recognize gaps and advocate future research itineraries. The paper offers a synopsis and appraisal of the overall economy of Bangladesh and finally navigates a way forward to the policymakers which would unlock further research to develop this sector
US Presidential Elections 2024: Impact on Supply Chain
Full text linkThis paper examines the contrasting supply chain policies of the Trump and Biden-Harris administrations, emphasizing the implications of their strategies amid the complexities of global economic dynamics. Trump’s "America First" approach prioritized domestic manufacturing through tariffs and trade barriers, attempting to reduce dependence on foreign suppliers, particularly from China. However, these measures led to increased consumer costs, strained international relations, and highlighted vulnerabilities in critical supply chains during the COVID-19 pandemic. In contrast, the Biden-Harris administration advocates for a resilient, sustainable, and cooperative supply chain framework, focusing on global alliances, significant infrastructure investments, and technological advancements. This administration's emphasis on sustainability aligns with growing consumer demand for environmentally friendly practices, whereas innovation plays a crucial role in adapting to ongoing global challenges.The study explores the lessons learned from the contrasting approaches regarding resilience, sustainability, and geopolitical considerations, emphasizing the need for the U.S. to adapt its supply chain strategies to navigate future uncertainties more effectively. Ultimately, the essay underscores the importance of innovation, collaboration, and sustainability in shaping robust supply chains that not only respond to immediate challenges but also secure long-term economic prosperity and national security in an increasingly interconnected world
Using Dynamic Stability Strategy to Counteract Rapid Changing Demand Considering Deterioration and Partial Backordering
Full text linkIn a real business world, the production plan must respond to quick changing market and keep production line stable. An optimal stepwise production strategy is derived with stable production rate for some period, and then changing to another stable production rate to response market change for the next period. The cost factors we considered in the model include the production setup cost, the production-variation cost, the carrying cost, the deteriorating cost, the backordering and the lost sale shortage cost. For demand that changes linearly or exponentially with time, an inventory model with partial backordering is developed. Finally, sensitivity analysis is carried out to investigate how changing parameters affect this system
Enhancing Supply Chain Management Performance Through E-CRM Implementation
Full text linkThis paper aims to explore practical ways in which Small and Medium Enterprises (SMEs), considering their limited resources and capabilities, can harness the benefits of E-Customer Relationship Management (E-CRM) to optimize and improve their Supply Chain Management (SCM) performance. An in- depth case study within a family SME demonstrates how E-CRM contributes to improving key elements of supply chain performance, including demand forecasting, inventory management, delivery routes, and returns management. The measured impact on customer satisfaction, delivery punctuality, order processing time, demand forecast accuracy, and inventory costs reaffirms the value of E-CRM in improving overall SCM performance. The contributions of the study include integrating E-CRM and SCM concepts, addressing implementation challenges, and offering valuable guidance for SMEs aiming to improve logistical performance through E-CRM
Enhancing Supply Chain Visibility in Large Enterprises: A Literature Review
Full text linkSupply Chain Visibility has become an increasingly crucial aspect for large enterprises in today's global and interconnected business landscape. Achieving comprehensive visibility across multiple layers of the supply chain can significantly impact operational efficiency, cost optimization, customer satisfaction and trust. However, attaining supply chain visibility presents various challenges including fragmented data systems, interoperability issues, diverse supplier networks, data quality concerns, and geographical dispersion. Emerging technologies have a great potential to play key role in solving these challenges and facilitating improved supply chain visibility for enterprises. This study aims to provide insights that can inform and guide enterprises to effectively leverage the power of emerging technologies to gain better visibility into their supply chain operations. This paper is based on a comprehensive examination of 30 literary works to provide a thorough analysis of the subject matter. By synthesizing extant research, and practical case studies of large enterprises, the review has uncovered critical insights into the implications of supply chains visibility for both theory and practice in the field of supply chain management, particularly emphasizing the role of technology solutions and case studies. In addition, the integration of case studies provides concrete examples of how leading enterprises are leveraging technology to overcome visibility challenges and achieve operational excellence
Unlocking Operational Efficiency: The Influence of Advanced B2B Software Solutions on Supply Chain Processes
Full text linkIn this dynamic and fast-paced modern world, operational efficiency has become necessary for businesses that desire to attain and retain their competitive edge. A comprehensive B2B supply chain solution provides real-time visibility into the supply chain, including your inventory and production schedules, enabling prompt responses, informed decisions, and improved customer relationships. This article discusses the influence that advanced B2B Software Solutions have on Supply Chain Processes. It substantiates the absolute need for businesses to employ modern technology for achieving operational excellence in the highly dynamic modern world where beating the competition is the only way forward and application of sophisticated technology is increasingly becoming a necessity and not a choice
Enhancing Road-Based Supply Chain Efficiency in the US: Integrating AI/ML-Based C3I Systems with IoT-Enabled Trucks
Full text linkThis paper explores the integration of AI/ML- based C3I systems with IoT-enabled trucks to enhance the efficiency of road-based supply chains in the US. By examining the components and benefits of these technologies, as well as their implementation strategies and real-world applications, this paper provides a comprehensive overview of how these advancements can transform supply chain logistics. The author has been at the forefront of crafting an IoT sensor-based Fleet and Transportation Management System for one of the top 10 telematics companies. It utilizes AI and ML to provide strategic and operational insights within a logistics environment for the complete paradigm ranging from SMB to enterprise level companies. The discussion covers operational benefits such as reduced downtime and optimized routing, and strategic advantages including improved decision-making and increased resilience against disruptions. Ultimately, the goal is to highlight how these innovations can drive significant improvements in the performance and reliability of road-based supply chains, leading to lower costs and better profits
Leveraging Artificial Intelligence in Supply Chain Execution in E-commerce
Full text linkModern perspective of consumer satisfaction has changed due to the proliferation of online businesses. E-commerce has opened up a whole new world to the consumers. The consumers can now get what they want, when they want, delivered at their doorstep. While the ease of online shopping has increased consumerism and consumer demand, it poses significant challenges for the e-commerce players as the consumers are seldom willing to shell out money for availing the convenience of doorstep deliveries. Under such circumstances, the e-commerce players are left with little choices but to significantly enhance their supply chain efficiencies through the improvement of logistics and the delivery services they offer to their customers. Artificial Intelligence or AI, as it is popularly known, is altering the ways and means of these e-commerce businesses. It is changing the manner in which supply chains are managed. Through the use of smart algorithms, data analysis, and automation, it is possible for businesses to employ AI effectively for the optimization of their supply chain management involving inventory and logistics management, demand forecasting, and customer service. This article focuses on logistics management and the application of AI to optimize costs and efficiency in first mile, middle mile and last mile delivery
Impact of Geopolitical Risk on the Maritime Supply Chain: A Regional Analysis of the Effects on Global Trade
Full text linkGeopolitical risks have a substantial impact on the disruption of maritime supply chains, leading to economic, logistical, and security challenges. This study scrutinizes the multifaceted relationship between geopolitical risks and disruptions in maritime supply chains, with a concentration key influences and their consequences. The research syndicates case studies, data analysis, and current affairs, to provide a comprehensive examination of the matter. The findings highlight that geopolitical risks, such as political instability, conflicts, terrorism, and trade disputes, can disrupt maritime supply chains in numerous ways. These disruptions can be apparent as port closures, commotions like shipping routes, increased insurance expenses, and heightened security dealings. Such disruptions have extensive significance including amplified costs, abridged reliability, supply chain blockages, and a negative influence on international trade streams. The novelty of the study is that it takes a regional approach, inspecting how geopolitical risk influences the maritime supply chain in different geographical areas. This provides a more nuanced and universal understanding of the matter, beyond just a state perspective