One-quarter of shippers experienced shipping capacity challenges in 2020. However, Averitt Express reported that its survey also revealed the largest jump in shipper confidence in six years: 73.44% expected to ship more in 2021.
“Businesses tend to set inventory policies and hardly look at them again. Inappropriate inventory policies create many downstream problems in supply chains. Stock obsolescence, lost sales, wrong stock at the wrong location — these all drive increased costs and infuriate customers.”
When it comes to implementing changes to a company’s long-standing state of procurement, the biggest challenge often is convincing leadership and others that changes are even necessary. The business teams often fear for what the ...