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Let's Talk Supply Chain
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What's happening in the Supply Chain world this week
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?? 1-800-Flowers.com offsets delivery rate hikes with logistics optimization
?1-800-Flowers.com has offset shipping rate increases over the past year through efforts to optimize its logistics operations, according to Founder and CEO Jim McCann during the Q3 earnings call on May 2. These efforts, part of the gift provider’s wide-ranging “Work Smarter” efficiency initiative, include placing inventory closer to end customers. By ensuring better product proximity, the company can use lower-priced services while still meeting desired delivery speeds, executives have said in previous calls. Read more here!?
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??? Walmart fires back at Amazon in fast delivery race
?Walmart delivered 4.4 billion items with either same-day or next-day shipping speeds in the U.S. over the past 12 months, President and CEO Doug McMillon said on an earnings call last week, noting that about 20% of those goods were delivered in under three hours. As more customers order online and delivery times accelerate, Walmart can deliver more items per route, increasing efficiency and improving net delivery cost per order by nearly 40% in the U.S., according to EVP and CFO John David Rainey. More here!?
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?In other news:
?? Sustainability: German Industry Frets About New Supply Chain Rules
??? Achieve End-to-End Visibility, Tracking and Monitoring For Your Shipments, with Tive
What’s the biggest thing you’ve ever done to impress your in-laws? ?? Buying flowers, giving gifts… what about inventing a GPS tracker for your father-in-law’s trucks?! Today’s guest, Krenar Komoni, went above and beyond – and it led him to founding a business, to bring tracking visibility to logistics.
Now, with Tive Inc, you can know where your shipments are, analyze their condition, and take action in real time. ?? Because every shipment matters. And you have Krenar’s father-in-law to thank! Tune in to today’s show to hear this amazing story, plus:
?? Why IoT technology is the future of visibility
?? The rising issue of theft in logistics – and how to tackle it
?? Why better quality conversations build a better quality of supply chain
How much visibility do you have over your shipments? Let us know in the comments on our LinkedIn post!?
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IN CASE YOU MISSED: Special Guest on Thoughts and Coffe this week: DELIVERY SOLUTIONS
??? ?In this week's Thoughts and Coffee with Sarah Barnes-Humphrey, her guest Melissa Runge, Senior Director for Delivery Solutions, discussed the challenges of shipping 23.8 million packages and what we can learn from it. The attendees discovered the benefits of being carrier-agnostic and the hidden world of sand trafficking and its unexpected impact on global supply chains. Click here to watch the replay!
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That is it for today!
As always, thank you for reading and being with us this week!