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From the Blog
You have probably heard the term numerous times, but you may have wondered what is supply chain management. To many people, the term supply chain management sounds like technical jargon that could only be meaningful to those working in certain industries, but in reality, supply chain management is something that affects almost everyone in the world. When goods are purchased, many people visualize the complete transaction as one that occurs exclusively between the purchaser and the supplier of the products. In this thinking, the purchaser of a product pays for it, and the supplier or manufacturer delivers the product to the consumer. While this is ultimately an accurate description, it is over simplified to a high degree. The reality is that there are many steps involved in delivering a product to a consumer, and there are numerous organizations involved in making this happen successfully. If you have wondered what is supply chain management and why is it important, it is crucial to understand the various components necessary when it comes to supplying consumers with the products they have purchased.
Cargo theft is a growing problem in the United States. Back in 2014, it was reported that more than 18 million dollars worth of cargo was stolen in the first quarter of the year. It is important to recognize how problematic this issue is and how it is affecting the transportation industry. Is Cargo Theft That Big of a Problem? You probably have a vague idea of how big this problem is, but the truth is it is costing the industry about 30 billion dollars each year. The issue has been steadily increasing by 13 percent. There are a lot of theories behind the increase, but most point to the downturn in economic stability. Of course, this does not excuse the crime, but it is one of the possible reasons that the transportation industry is seeing such high cargo theft incidents.
Being a freight broker means you need to be ready for changes. And the time has come to reconsider some of the practices you are used to since there are new FDA regulations for freight brokers. The following guide will help you understand how some of these regulations are going to affect you.