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Helpful Articles - Logistics

Supply Chain Optimization for Back To School Retail

Back-to-school shopping is big business for retailers. With sales numbers second only to the winter holidays, the back-to-school season offers stores a nice bump in revenue as families shop for K-12 and college supplies for their children. The good news for 2020? Per-house spending has been trending upward, according to the National Retail Foundation. A 2019 study revealed that families with children in elementary through high school planned to spend $696.70, which beat the previous record in 2012 of $688.62. Families with college-age children were expected to spend even more. Their average reached $976.78, which was higher than the previous record of $969.88 set in […]

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IMO 2020 Regulations: Roundup of the Best Online Resources

As we head into the second quarter of 2020, many experts are keeping their eyes on the results of the IMO’s low-sulfur mandate, which took effect January 1. Among the factors they’re examining include the supply of low-sulfur diesel fuel, which has the potential to significantly impact ocean freight pricing. Whether you’re just getting up to speed on the low-sulfur mandate—or you’re one of those people keeping the pulse on this issue—we’ve put together a list of the best resources we’ve found online. Use these links to stay on top of this emerging issue. By doing so, you’ll be well-positioned to make the business decisions […]

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Kickstart Your Career in Supply Chain Management at One of These Schools

Whether you’re choosing your first career or considering a new career path, know that the future for supply chain management professionals is bright. Strong salary opportunities, upward mobility potential, and a healthy job market all come together to make a career in supply chain management a compelling choice. When it comes to securing a job, getting a bachelor’s degree in supply chain management will show potential employers how serious you are about the field. If you’re a high schooler looking at college options or a non-traditional student who’s completing a bachelor’s degree, you’ll find plenty of options across the country for studying this growing field. […]

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Industry Update: How Companies Are Using Automation & AI in Supply Chain

Human beings have been thinking about robots and automation for thousands of years. But how are they using automation and AI in supply chain? In Greek mythology, Hephaestus, the god of fire, created three-legged tables that moved on their own. A bronze man named Talos, who was powered by a single vein of lead, guarded the island of Crete. More recent television shows like Battlestar Galactica and Westworld imagine the consequences of conscious machines. You have only to consider the fact that Saudi Arabia recently extended citizenship to the robot Sophia in order to realize that we’re making significant strides in the world of automation […]

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IMO 2020 Update: The Impact We’ve Seen So Far

For the last few months, our ocean freight specialists at Approved and across our network of DeWitt sister companies have been keeping a close watch on the effects of the International Maritime Organization’s low-sulfur mandate. Now that the January 1 deadline has come and gone, we wanted to share an update on the real-world effects of the IMO’s mandate. We talked to our experts to discover what they’re seeing on a day-to-day basis in the ocean freight markets. But before we dive into their observations, we’ll give you a quick refresher on the issues at play. What Is the IMO 2020 Low-Sulfur Mandate? If you’re […]

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Shippers, Carriers and Consignees: Understanding All the Parties on Your Bill of Lading 

When it comes down to it, ordering and shipping freight requires a certain level of trust:   Trust that a supplier will send the goods he or she promised, in good condition.  Trust that the steamship line, truck or van line or airline will move those goods to the best of their ability, handling the freight with care.  Trust that the purchaser will receive and pay for the goods, as agreed.  That being said, all of this trust is backed up by a legal agreement between these three parties, which is documented on a bill of lading (BOL).    If you’ve ever looked at your bill of lading, you’ll see three parties named on the document. If you’re new to the logistics world, these terms […]

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