In many ways, globalization has made the world feel smaller and simpler with everyday luxuries like two-day shipping and online grocery shopping. In return, supply chains have seen an increase in expectations and complexity.
“Bundling” has become synonymous with achieving greater value. You might bundle your telephone, internet, and television services. Or maybe you bundle your home, auto, and life insurance. By having all related services bundled into one, not only do you get better value but you also maintain stricter control over your activities. Bundling isn’t just limited to internet and insurance; it can also be implemented within the supply chain.
We are thrilled to share the great news that ModusLink has been awarded a Gold Stevie® Award in the “Innovation of the Year – Business Service Industry” category of the 2016 American Business Awards, the premier business awards program in the United States. The award winners were celebrated during a gala event in New York on Monday, June 20th.
It’s no secret that customization is the future of consumer products industry. More and more companies are offering consumers the ability to customize and personalize products exactly to the consumer’s liking. In fact, a recent study by Deloitte found that 42% of consumers are interested in technology to customize products and 19% are willing to pay a 10% price premium to customize or personalize products they purchase.
We’ve all heard of the proliferation of the Internet of Things (IoT), but in reality, the IoT hasn’t even reached its peak yet. Gartner predicts 2016 will see 5.5 million new IoT devices every day, with a total of 6.4 billion used around the world. With so much connectivity comes untapped potential, especially in the supply chain and global logistics industry.
Since the turn of the century, it’s possible that no industry has seen as much change and excitement as the supply chain industry. Since the supply chain and e-commerce have become increasingly and inexorably intertwined, the results have been astonishing for consumers. We’ve reached a point where consumers can think of an item they want, pull their phone out of their pockets and 30 seconds later complete a transaction that will have that item in their hands in a day or two – or in some cases in hours.
I travel a lot as a part of my job. Whether it’s a trip to one of our international Solution Centers, or a visit with one of our customers that span the globe, hardly a week goes by when I’m not hopping on a plane. Anyone who travels extensively for business knows that it’s got its ups and downs. I get to see the world and interact with all sorts of people – but it can also be a grind.
As you may have read, ModusLink has been on the receiving end of a number of industry awards as of late. Most recently, our 4-Minute Click-to-Ship was awarded a 2016 BIG Innovation Award, and just this week I learned that I was named by Supply & Demand Chain Executive as a 2016 Pro to Know.
As the saying goes, “time is money.” In the global supply chain industry, however, the saying should be “real-time is money,” meaning that real-time visibility into your global supply chain operations can help you save – as well as make – quite a bit of money.
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