New Tech Is Helping Lower Inventory Levels Across The Supply Chain

Supply chain and logistics industry is going through a tremendous transformation made possible by innovation and new technology. Such transformation is causing customers to increasingly demand more. Consequently, competition is heating up and logistics providers are doing everything within their power to stay in the market. Technological advancements are the leading differentiators that companies are exploiting in the industry.

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Amazon Small Business Opportunity

Amazon has been quietly gearing up to make a play in the “last-mile” delivery space. Previously, the e-commerce giant relied heavily on the United States Postal Service (USPS), United Parcel Service (UPS), and FedEx for delivery.  As their needs grow, Amazon has begun to test the waters as to what local delivery would mean for the company. So much so that they have recently announced that they will be hiring Amazon Delivery Service Partners (DSP) to meet their demands.

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How Will Successes in Industrial IoT Translate to Consumers?

Businesses are rushing to embrace internet of things (IoT) technology, but consumers hesitate. According to Statista, companies in manufacturing, logistics, and utilities plan to invest a projected $40B in IoT platforms and services by 2020.

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