Archive for Trade Security

Utilizing Big Data to Improve Supply Chain Performance

Measuring on-time performance was once the most common key performance indicator (KPI) for transportation departments when visibility solutions first became available. Each quarter, a carrier score card was reviewed. Ocean and air carriers were measured by on-time performance.  Rail carriers reported and measured theirs as scheduled departures. And motor carriers were measured by their service types. Very rarely were companies looking at the performance of multi-mode or multi-leg shipments. Even more uncommon were the best […]

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This Week in Logistics News (March 7 – 13)

The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged. This is a good sign for the US economy, as jobs continue to grow. There is one area, in particular, that has a very promising forecast: supply chain leaders. The US Bureau of Labor Statistics estimates that jobs in logistics will increase […]

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Guest Commentary: Preventing Cargo Theft in the Supply Chain

Today’s economy is driven by a global supply chain where goods move around the world 24/7. As supply chains grow more complex, so does the ability to secure goods. One of the biggest challenges affecting businesses today is cargo theft, and the resulting potential disruption of the supply chain. How large is this problem? While difficult to quantify, the FBI estimates cargo theft amounts to $15 to $30 billion a year. However, this figure does […]

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$75 Million in Drugs Stolen from Eli Lilly Warehouse

Last month, antidepressants worth $75 million were stolen from an Eli Lilly warehouse in Enfield, Connecticut. According to an article in the Spokesman-Review, “the thieves cut a hole in the roof, lowered themselves into the building on ropes, disabled the alarm system and stole enough drugs to fill a tractor-trailer. The stolen pharmaceuticals included the best-selling antidepressants Prozac and Cymbalta.” Last August, a GlaxoSmithKline warehouse was victimized in Richmond, Virginia. Two lots awaiting distribution to […]

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