53 million entries. One chance to get it right. The refund is obvious. The additional recovery opportunities? That’s where companies are leaving money on the table. According to GAIA Dynamics study, U.S. Customs and Border Protection (CBP) is working through more than 53 million entries across over 330,000 importers, representing approximately $166 billion in Read Insight
40 years ago, China attempted to perfect the "Third Way"; Keep authoritarian control while allowing a few to enjoy a "capital-ish" market. As China's less expensive labor & material costs became apparent, companies from all industries quickly migrated resources, and resourcing, to China to increase cost savings. With their entry into the WTO in Read Insight
For those in the process of scaling up your Direct-to-Consumer via Shopify or otherwise, pick and fill rates usually rule the Key Performance Indicator boards. However, stepping back and performing a supply chain visualization of your processes may be an effective way to bolster your supply chain. The questions below will help evaluate those Read Insight
Strategic sourcing internationally carries heightened level of complexities and simpler tactics can get lost when performing a supply chain visualization. Tracking commodity pricing and currency fluctuations is a meaningful add in to your cost reduction strategies with the added benefit of letting your supplier know you're watching during supply chain negotiations. Pricing on commodities Read Insight
Way back in 2018, tariffs and duty costs became top of mind for importers. Prior, those costs were relegated to afterthoughts and the "cost of doing business" when importing products, especially from China. Today, the magnitude of the increases in tariffs (the 301, or "Trump" Tariffs) created added focus with a variety of supply Read Insight
Operations professionals have been preaching the Toyota Production System (TPS) with its the elimination of waste in all formats. A famous (infamous?) element of TPS is the concept of Just-In-Time (JIT) inventory with factories and project managers praising the reduction in inventory seen through its practice. As a result, Just in Time inventory has Read Insight
Inventory levels are driven by two metrics: Volume and Volatility, which focuses on a team's ability to maximize a customer's fill rate and your revenue. Forsyth Advisor presents how historical data can help set, and manage, inventory levels. Using historical data, a supply chain team should review a group of SKU's while asking the Read Insight
For those partners managing Direct to Consumer (DTC) yourselves, knee deep in FBA (Fulfilled by Amazon) or any intellectually curious supply chain professional (or executive)...basically, anyone....The team at Forsyth Advisors wanted to introduce a possibly rewarding, educational resource that might fit with a company's Team Building exercises. To say that Amazon is ubiquitous would Read Insight
The mechanisms that transform your team’s ideas into products that are manufactured in factories around the world, shipped to your warehouses and customers isn’t called a supply CHAIN by accident. It all ties together... The Panama canal, which feeds shipping lanes from Asia to the East and Gulf Coasts, is fed from fresh water; Read Insight
