Tropical Storm Hurricane Harvey has brought catastrophic and life-threatening floods to Texas. It continues to have a big effect on people and businesses near the South Texas coast. This impact includes the freight transportation industry which is currently experiencing major disruptions to include the following:
- Halted traffic due to flooded roadways and damaged infrastructure
- Suspended rail service
- Closures of regional shipping terminals and ports
- Chaotic supply chains due to extra shipments and lower productivity
When monumental disasters hit the country, transportation and supply chain networks echo the impacts for months afterward. We are predicting capacity impacts from Harvey to last through mid-October.
There is no single way to properly run a warehouse, but there are some principles that remain consistent regardless of what type of warehousing solution is in use. To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs. If you can identify signs that any of these issues exist, steps to eliminate them should be taken as a priority.
The term ‘Big Data Analytics’ (BDA) refers to those algorithmic techniques, practices, methodologies, and applications that enable businesses to analyze and make sense of critical business data to help them understand their operations and market.
The amount of data produced and communicated over the Internet is significantly increasing, thereby creating challenges for the organizations that would like to reap the benefits from analyzing this massive influx of big data. From food and beverage distribution to high tech, companies are incorporating analytics.
How much would you stand to lose if your cargo was damaged or lost in transit? If freight damage or loss could be costly for your business, you should invest in insurance. Cargo insurance allows you to file a claim to your insurance provider for damages that occur in transit (with a few exceptions depending on the policy) and recover in full, making your deductible your maximum financial loss.