The supply chain model of the 1970s mainly involved local suppliers and physical retail stores, where goods went straight from the suppliers to the retail stores. In the 1980s, retail distribution centers popped up. Suppliers shipped goods to the centers which functioned much like airline hubs, and retailers then distributed goods to individual stores in the region. Imported goods were added to the mix in the 1990s, which created the need for retail import centers.
It is estimated that domestic freight volumes will have increased by 70% over 1998 volume figures by the year 2020, which will not be possible to efficiently process and ship using our current level of physical capacity. It is crucial to the future economy of our country that the transportation industry, including the Savannah transportation industry, find ways to more efficiency move freight throughout, into, and out of the U.S.
Weak links in your supply chain can create many negative consequences when it comes to your bottom line. You need to know how to quickly identify and eradicate weak links to keep your business operating at its optimum potential.
How Much Is Lost or Damaged Freight Really Costing You?
Lost cargo is a serious problem that can severely affect your business' bottom line. Across the globe, cargo loss is estimated to cost more than $50 billion annually. However, this number can be slightly misleading, and in fact, most shippers tend to vastly underestimate the amount that lost or damaged cargo costs them each year.