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Helpful Articles - Entrepreneurship

If your business hasn’t already embraced the concept of sustainability, what’s holding you back? Is it: Lack of clarity around what “sustainability” really means? The fact that it’s a challenging and slippery goal to measure? The impression that it will cost your company money without much benefit to speak of? The concern that it’s not a value that your customers will support—or even care about? These and many other concerns have made some businesses and brands hesitant about pursuing sustainability initiatives. If this is the position you find yourself in, we’ve got some resources to help you take a deeper dive into this topic, including...

Conversations that center around the supply chain inevitably get stuffed quickly with buzzwords, ones that we don’t always stop to consider carefully. So when we decided to spotlight supply chain efficiency, we thought it was important to get back to basics by asking ourselves the most fundamental question: What is efficiency, really? We turned to the Merriam-Webster Dictionary to get us started. Something that’s efficient, the dictionary stated, is “capable of producing desired results with little or no waste (as of time or materials).” When you put it that way, it’s no wonder that professionals all over the world are chasing this ideal when managing...

Larger companies are well-known for devoting significant resources to supply chain management. By hiring executives to create entire departments devoted to working with suppliers, streamlining operations, and uncovering efficiencies, these companies reap the benefits, which include lowering expenses, while increasing revenue—and profits. Supply chain management is just as important for small businesses, who can enjoy these same benefits. In fact, you might even argue that supply chain management is even more important to smaller enterprises, which operate on tighter margins and rely heavily on customer satisfaction for future success. In that spirit, our experts have put together four tips to guide small businesses as they...

The logistics world has a language all its own (we even have a glossary to help you decode it!). Within the logistics lexicon, the phrases “supply chain” and “supply chain management” are two that get thrown around frequently, and, yet, many might struggle to explain them quickly and easily. To shed some light on the topic, we’re going to answer the frequently asked questions we hear around these two buzzwords. When you finish this article, you’ll be able to explain exactly what these terms mean—and why they’re so vital to businesses today. #1: What Is a Supply Chain, Exactly? The early months of 2020 brought...

In today’s climate, buy online and pick up in-store (BOPIS) options have increased dramatically in popularity. In fact, a KIBO Commerce study reported that retail customers are choosing BOPIS options as much as four times more than they did before the pandemic. That being said, the rise in BOPIS popularity is part of a larger trend. Retail stores saw increased demand for this option even before the pandemic, most notably in the 2019 holiday shopping season. If you’ve been considering adopting a BOPIS strategy for your retail operation—or you’re interested in optimizing yours to boost your bottom line—we’ll walk you through what you need to...

As air freight capacity crunches continue—largely due to continued cancellation of passenger flights—the mode continues to experience significant rate fluctuations. If you’re currently using air freight within your supply chain, our recent article offers four tips for making air freight work in today’s environment. If you’re looking for alternatives to air freight, ocean freight might fit the bill. Traditional ocean freight costs significantly less than air freight, sometimes as much as two-thirds less, which can offer some relief for your shipping budget. Additionally, expedited LCL can offer you a middle ground: faster delivery than traditional ocean freight at a cost that’s lower than air freight....