Using non-tariff trade barriers. It was recently reported that a dairy company in Australia had identified a market in Shanghai for imported fresh milk; the milk would be air-freighted every day from Melbourne to Shanghai and delivered to selected retail outlets where their customers would be willing to pay the expensive price per litre for a product they considered was … Read More
Improve your supply chains through materials productivity
Thinking about reuse. In my last two blogs I have been discussing the productivity of materials and why it should have a higher visibility in our consideration of supply chain improvements, equal or even more important than labour productivity. Thinking about sustainability and improving materials productivity has generated new terms, such as environmental logistics, with its focus on reducing all … Read More
Your forecast of sales is wrong
One number is not accurate. In a recent article, economist professors at the University of Pennsylvania Wharton School made an honest statement about their forecasts of the American economy “Truth be told, our best guesses just aren’t very good”. Should this comment also be said by those engaged in forecasting future sales for their business? In making their forecasts more … Read More