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    How to Approach 3PL-Brand Partnerships with Scott Weiss

    enMay 01, 2023
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    About this Episode

    For this episode of the eCom Logistics Podcast, we welcome Scott Weiss, Vice President Technical Sales-Warehousing and Distribution Services at Maersk North America. Today, he shares his thoughts on why many brands and 3PL relationships end up falling apart and how to approach issues that arise within the partnership.
     

    ABOUT SCOTT

    Scott Weiss has over 25 years of 3PL warehouse and distribution leadership experience.  As Vice President of Technical Sales, Scott oversees the Warehouse and Distribution sales for Maersk North America.  Founded in 1904, A.P. Moller - Maersk is an integrated, asset-based logistics company working to connect and simplify its customers’ supply chains from factory to door. 

     

     

    As the global leader in logistics services, the company operates in 130 countries and employs more than 100,000 people worldwide with 550 global warehouses.  Maersk is one of the leading omni-channel logistics providers in North America that operates over 7,000 trucks, 158 warehouses, and 26 million square feet of warehouse space with an extensive list of e-commerce, wholesale, and retail companies ranging from start-up to CPG Fortune 500 companies. 

     

    Scott holds an M.B.A. degree in Management from California State University, Fullerton; a B.S. Degree with a triple concentration in Finance, Banking, and Real Estate from San Francisco State University; and Global Logistics Specialist (GLS) designation from California State University, Long Beach.  He resides in Malibu, CA.

     

    HIGHLIGHTS

    • 01:31 Majority of brand-3PL relationships end in a divorce
    • 07:00 3PLs are at a good position to be supply chain advisors for midmarket brands
    • 09:49 What clients ask for when it comes to helping with sourcing a product
    • 13:01 Pros and cons of a single node network
    • 15:42 Are customers asking for automation and robotics?

     

    QUOTES

    10:35 What to consider from sourcing the product to delivery - Scott: "You need to look at the whole picture. Inbound, real estate,  labor, and outbound, before you can give them the answer. So with global supply chain, looking at that whole piece of a puzzle is the only way you're going to give the best possible answer and recommendations." 
     

    16:37 Protect your workforce - Scott: "Employee retention, I've seen a big increase for companies that have their own warehousing 3PLs. The value of treating an employee and taking care of them has never been higher. That's one thing that came out of COVID that companies frankly did not pay as much attention to before."
     

    Find out more about Scott in the links below:

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    Building Successful Supply Chains with Innovative Tech and Empathic Leadership with Kinta Gates

    Building Successful Supply Chains with Innovative Tech and Empathic Leadership with Kinta Gates

    Kinta Gates is the Vice President of Supply Chain and Operations at Glossier Inc., where she leads the company's global operations and supply chain strategies. With a career spanning several key roles in the beauty and food industries, Kinta has established herself as a leader in operational excellence, strategic planning, and diversity, equity, and inclusion (DEI) initiatives.

    Before her tenure at Glossier, Kinta made significant contributions to Thrive Causemetics Inc. as a Senior Director, where she excelled in enhancing supply chain operations and implementing strategic DEI plans. Kinta's professional journey includes impactful positions at notable companies such as Mars. Her achievements include developing business-specific integrated planning processes, overseeing fulfillment network expansion projects, and leading supplier performance management. Kinta has been recognized for her leadership in DEI, being honored by the Positive Results Corporation and named one of the “50 Phenomenal Black Women Engineers” by the Los Angeles Council of Black Professional Engineers.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, Kinta Gates shares her journey in the logistics space and provides valuable insights into the challenges and opportunities in the industry. She discusses the importance of leadership in supply chain, the impact of cost pressures on supply chain operations, and the role of technology, particularly AI, in optimizing supply chain processes. Kinta also offers advice for brands looking to expand into physical retail and emphasizes the need for collaboration and understanding across different functions within an organization.

    HIGHLIGHTS

    [00:03:06] Kinta's journey in the logistics space

    [00:11:08] The importance of practical experience in supply chain leadership

    [00:15:31] Chief supply chain officers being tapped for CEO positions

    [00:16:39] Supply chain becoming more recognized and appreciated

    [00:19:30] The tripled importance of supply chain in delivering customer value

    [00:21:29] The need for supply chain to be involved in decision-making and enhancing customer experience

    [00:23:04] The pressure on companies to optimize their supply chains

    [00:25:46] The excitement about AI and machine learning in supply chain

    [00:27:08] The goal of becoming responsive rather than reactive in supply chain

    [00:29:37] The need for supply chain professionals to educate others

    [00:32:56] The power of the human component in supply chain

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    QUOTES

    [00:00:25] "The human component of supply chain is just as powerful as any system or any process. That's the magic."

    [00:09:51] "There's so much value in knowing what that feels like from both sides. From being within the working team and being a functional leader of an organization."

    [00:21:29] "Leave space for it to absolutely rock your world. Leave space for this to absolutely disrupt your supply chain."

    Find out more about Kinta Gates in the link below:

    LinkedIn: https://www.linkedin.com/in/kintacgates/

    TAGS

    Ninaad Acharya, Dan Coll, eCom Logistics Podcast, Fulfillment IQ, Kinta Gates, eCom Logistics Nation, eCommerce logistics insights, trends, successes, challenges, leaders, innovators, supply chain, operations, Glossier, global operations, supply chain strategies, beauty, food industries, operational excellence, strategic planning, DEI initiatives, Thrive Cosmetics, senior director, supply chain operations, strategic DEI plans, positive results corporation, 50 phenomenal black women engineers, LA council of black professional engineers, inventory analyst, Nortel network, co-op program, telecom, demand planning, forecast analyst, retail, inventory management, Mars, leadership, systems, technology, AI, machine learning, data, CFO, CCO, customer experience, physical retail expansion, lessons learned, advice, retail compliance, supply chain talent, LinkedIn, engage, connect, coffee, eCom Logistics Podcast, genuine insights, supply chain journey, 3PLs, VCs, 5 star rating, feedback, Fulfillment IQ, logistics, eCommerce, practical insights, Google

    eCom Logistics Podcast
    enMarch 08, 2024

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    Manifest 2024: Navigating Net Zero in Ecommerce with Marcus Chung

    A supply chain and operations leader, Marcus Chung has worked at both large, established retailers and smaller startups. His experience spans brick-and-mortar stores, direct-to-consumer e-commerce and wholesale distribution.

    Marcus's career has focused on delivering value through strategic supply chain management. He has led global teams to drive exceptional product quality, cost and delivery results, while also engaging with the broader apparel industry to drive sustainability and protect garment workers' rights in the supply chain.

    Marcus earned a Bachelor of Arts degree with honors from Wesleyan University and an MBA from UC Berkeley’s Haas School of Business. He served as a Trustee for Wesleyan University and served two terms on the board of directors for Net Impact, a non-profit organization whose mission is to mobilize a new generation to use their careers to drive transformational change in their workplaces and the world.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, join Dan Coll in this insightful episode as he sits down with Marcus Chung, COO of Coyuchi, a premium bedding and bath brand deeply committed to sustainability. Recorded at the Manifest conference in Las Vegas, Marcus shares Coyuchi's journey towards decarbonization and achieving net zero goals by 2050. From understanding the interconnected global supply chain to implementing innovative circular economy practices, this episode delves into the challenges and triumphs of making e-commerce logistics more sustainable

    HIGHLIGHTS

    [00:00:24] Consumers today are more globally aware and pose questions about brands' impact on the planet, driving a shift towards sustainability.
    [00:01:32] Marcus introduces Coyuchi, a brand focused on building an organic supply chain rooted in sustainability for over 30 years.

    [00:03:31] Marcus reflects on the evolution of sustainability in his 20-year career, from social responsibility to a broader focus on environmental impact.
    [00:05:27] The younger generation's increasing awareness of global supply chains influences their purchasing decisions, pushing brands towards sustainability.
    [00:09:13] Engaging manufacturers and suppliers in clean energy discussions as a meaningful way for brands to reduce their carbon footprint.
    [00:09:52] European brands are leading the sustainability agenda, while vendors worldwide are open to sustainability initiatives due to consumer expectations.
    [00:16:51] The economics of recycling and remanufacturing.
    [00:19:36] Marcus advises starting small and piloting sustainability initiatives, emphasizing the importance of intentional and measured efforts.

    QUOTES

    [00:04:38] "Consumers are more savvy... too many people really understand what meaningful action looks like."
    [00:08:35] "Collaboration with your suppliers, having the conversation, asking the questions... has a huge impact."
    [00:15:17] "We call it the Full Circle Blanket... using our own recycled product to make brand new Coyuchi product out of it."

    Find out more about Marcus Chung in the link below:
    LinkedIn: https://www.linkedin.com/in/marcusbchung/

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    Manifest 2024: From Traditional Retail to Ecommerce Dominance with Jeff Wolpov

    Jeff Wolpov is senior vice president of e-commerce for Ryder E-commerce by Whiplash at Ryder System, Inc., a leading supply chain solutions, dedicated transportation, and commercial fleet management company.

    Jeff is responsible for leading the vision and strategy for Ryder’s e-commerce and omnichannel fulfillment solutions, driving business expansion, and achieving revenue growth. Most recently, Jeff was CEO of Whiplash—formerly Port Logistics Group—where he led the company to year-over-year revenue growth of nearly 30%. In January of 2022, Whiplash was acquired by Ryder System, Inc. Prior to that, Jeff was founder and CEO of Distribution Solutions, which he grew from a startup business to a $50M regional logistics firm that served as the platform company for Whiplash.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, Dan Coll is joined by Jeff Wolpov to share his fascinating journey from growing up in a warehouse to leading a company at the forefront of e-commerce logistics. Explore insights into the changing landscape of returns, the impact of evolving retail trends, and the significance of customer experience in today's market.

    HIGHLIGHTS

    [00:10:14] The story of the Whiplash acquisition and the evolution towards e-commerce focus.
    [00:12:30] The strategic partnership with Ryder and the transformation of the business.
    [00:17:52] The impact of COVID-19 on the distribution business and the shift to e-commerce dominance.
    [00:19:35] The importance of customer retention in today's market and the challenges of customer acquisition costs.
    [00:23:04] The definition of omnichannel as allowing customers to buy goods in various ways to meet their preferences.

    QUOTES

    [00:08:27] "The only thing that's constant is change. We've seen some incredible changes."
    [00:19:15] "Brand experience is much more than just packaging. It's the touch points, it's the visibility to the shipment, it's the tracking."

    Find out more about Jeff Wolpov in the link below:
    LinkedIn: https://www.linkedin.com/in/jeff-wolpov-0bbb70173/

    Manifest 2024 Recap: From Tech Innovations to Strategic Partnerships with Peter Sheldon and Harshida Acharya

    Manifest 2024 Recap: From Tech Innovations to Strategic Partnerships with Peter Sheldon and Harshida Acharya

    With over 20 years of experience in eCommerce technologies, Peter Sheldon is a recognized industry leader and former VP and Principal Analyst at Forrester Research. He has helped numerous eCommerce executives and brands to challenge their thinking and lead change in their digital transformation and commerce technology programs.

    As the SVP Strategy and Growth at Maergo, Peter sets the strategic vision and drives the market expansion for a first-of-its-kind parcel delivery platform, purpose-built for branded direct-to-consumer delivery. He leverages his deep expertise and network in eCommerce platforms, mobile commerce, content management, payment systems, and supply chain technologies to create innovative solutions and partnerships that disrupt the incumbent carriers and empower the largest and fastest growing brands to increase sales and customer satisfaction. Peter is passionate about delivering exceptional customer experiences and enabling the future of eCommerce.

    Harshida Acharya, Partner and CSO at Fulfillment IQ, has played a significant role in the company's multi-million-dollar growth. She is recognized as a top eCom Influencer by Shopify. Her expert insights have been published in Forbes, Industry Dive, and Supply Chain and Demand Executive, to name a few. 

    Harshida wears multiple hats. She's also the creator and producer of the eCom Logistics Podcast, a podcast ranked amongst the top 5% globally and is one of the most shared business podcasts of all times. She is also actively involved in venture capital firms, serving as an investor, member, and advisor to emerging startups. 

    Harshida's a passionate advocate for diversity and inclusion, actively fostering a community of women in supply chain and mentoring the next generation of professionals. Her efforts have earned her recognition, including the Women in Supply Chain 2023 Award.  

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, Dan Coll and Ninaad Acharya share their experiences and key takeaways from Manifest 2024, a premier e-commerce and logistics conference. During the conference, Ninaad is joined by Harshida and Peter to discuss the focus on the evolving landscape of returns, last-mile delivery challenges, and the transformative power of partnerships and emerging technologies in the e-commerce supply chain.

    HIGHLIGHTS

    [00:00:22] Partnering for Data Power: Explore the transformative potential of partnerships in the e-commerce space, emphasizing the sharing of data among vendors to drive efficiency and overcome challenges.
    [00:01:42] Manifest 2024 Highlights: A deep dive into the significance of Manifest 2024, discussing the unique mix of attendees, emerging companies, and the event's LinkedIn in real life (IRL) vibe.
    [00:05:19] E-commerce Market Opportunities: Insights into integration work as a growing opportunity in the market, with a focus on transportation, last-mile delivery, and the strategic placement of investment dollars.
    [00:08:43] Last Mile Evolution: Uncover the importance of last-mile delivery in the e-commerce landscape, exploring strategies to streamline and optimize this critical aspect of the supply chain.
    [00:11:29] AI and People in Harmony: Understand the role of AI in e-commerce while emphasizing the synergy between technology and human involvement, particularly in the context of automation and upskilling.
    [00:18:40] Data-Driven Returns Management: A closer look at leveraging data to tackle the challenges of returns, including bracketing and the potential for retailers to adjust return policies based on consumer behavior.
    [00:22:18] Resale and Circular Economy: Delve into the rising importance of the circular economy, resale markets, and how brands are actively participating in sustainable practices.
    [00:27:29] 2024 Tech Outlook: Explore the shifting dynamics in technology investments for 2024, with a focus on enhancing the consumer experience, accelerating shipping, and adapting to the changing economic landscape.

    QUOTES

    [00:05:52] "There's a big opportunity in the market for integration work, and a lot of conversation around all things integrations."
    [00:11:11] "As leaders focus on providing the right tools to your employees, it enriches the quality of their life and work."
    [00:18:40] "The data allows us to challenge the norms of, 'It's either free returns or it's not.'"
    [00:22:18] "The dynamics are changing so fast, between liquidation B2B, B2C, and things like resale."

    Find out more about Peter Sheldon in the link below:
    LinkedIn: https://www.linkedin.com/in/petersheldon/

    Bridging European and American Markets with Luca Niccolai

    Bridging European and American Markets with Luca Niccolai

    Luca Niccolai, Italian origins, with 25 years of experience in fulfillment, transport and commercial developments. CEO of various European companies and entrepreneur, globe trotter for work and passion, 10 months ago he moved from Germany to Chicago to contribute to the strategic commercial development of Arvato in the Consumer Products sector: Fashion & Apparel, Beauty & Cosmetics, Luxury and Sport.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, Dan and Ninaad are joined by Luca Niccolai to share his insights on the challenges and strategies for European companies looking to enter the US market. He discusses the differences between the European and US supply chain strategies, the importance of system integration, and the expectations of clients in both markets. Luca also highlights the need for networking and partnerships to generate leads and the growing demand for real-time visibility in the supply chain.

    HIGHLIGHTS
    [00:01:57] Overview of Arvato Supply Chain Solutions
    [00:05:25] Luca's move to the US market and focus on consumer products
    [00:09:40] Challenges European companies face in the US market
    [00:11:50] Importance of preparing and finding the right logistics partner
    [00:13:12] Considerations for system integration and understanding the local market
    [00:15:00] Importance of partnering with a logistics company for IT integration
    [00:18:59] Differences in client expectations between European and North American markets
    [00:22:45] Interest in integrating operations with new sales channels like the Metaverse
    [00:25:34] Adaptation to the difference between just-in-time manufacturing in Europe and just-in-time delivery in the US
    [00:28:26] Approach to expanding sales in the US and comparison to European tactics

    QUOTES

    [00:11:43] “European companies need to prepare themselves in the right way before entering the US market.”
    [00:18:59] "US clients expect new solutions and are open to testing new technologies like artificial intelligence and robotics."

    Find out more about Luca Niccolai in the link below:
    LinkedIn: https://www.linkedin.com/in/luca-niccolai/

    Creating Integrated Supply Chain Solutions with Sean Henry

    Creating Integrated Supply Chain Solutions with Sean Henry

    Sean Henry is the CEO and co-founder of Stord, a logistics and technology provider for high-growth, omnichannel brands like Athletic Greens, Seed Health, Native, Tula, and many more. Stord has been on the Inc 5000 list for three years in a row, and was valued at $1.3 billion at its most recent funding round.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, we delve into the intricacies of eCommerce logistics with Sean Henry. From the fragmented nature of third-party logistics to the importance of integrated supply chain solutions, Sean shares insights garnered from his journey and highlights the critical role of sophisticated parcel TMCs in optimizing costs and speeds for brands of all sizes.

    HIGHLIGHTS

    [00:02:48] Unlocking Innovation - The Power of Young Entrepreneurs in Industries
    [00:08:08] Amazon-Like Experience - Integrating Digital and Logistics Coordination
    [00:09:36] Overcoming Fragmentation - Challenges in Achieving Optimal Logistics Efficiency
    [00:10:59] E-commerce Fulfillment Challenges - Navigating Shipping Speeds and Real-Time Tracking
    [00:13:30] Prime-Like Logistics - Coordinating Delivery Speeds Across Multiple Channels
    [00:19:15] Revenue Volatility - Sustainable Models for Logistics Success
    [00:29:16] Business Model Adaptability - Navigating Disruptions in Organizations
    [00:30:00] Evolution of "For People" Model - Technology's Role in Optimizing Warehouse Capacities
    [00:31:12] Software in Warehouse Operations - Shift towards High-Touch E-commerce Fulfillment

    QUOTES

    [00:20:38] "Quality of revenue is kind of point one and premise... if I can't point to why every dollar of my revenue is getting what that customer is getting from me that they can't get elsewhere and how they're getting a return on their investment, then it's fickle revenue."
    [00:37:18] "Logistics needs to go a little beyond and get into the commercial side of the universe... logistics has a direct implication for you to be able to make a good margin decision on that inventory."

    Find out more about Sean Henry in the link below:
    LinkedIn: https://www.linkedin.com/in/shenry96/

    Charting Sustainable Paths in Logistics with Hannah Kain

    Charting Sustainable Paths in Logistics with Hannah Kain

    Hannah Kain, President and CEO of ALOM, a supply chain company she founded in 1997, oversees its global operations serving Fortune 500 customers in technology, automotive, life sciences, and regulated industries across 19 locations. Born in Denmark, Hannah has a diverse background, including teaching at Copenhagen Business School. She holds multiple board positions, including with the National Association of Manufacturers and WBENC, where she serves as 1st vice chair. Recognized for her leadership, Hannah has received various awards, including being named a 2023 SDCE Supply Chain Pro to Know and a 2021 WE USA Top WBE CEO. In 2020, she was featured in Business Insider's Top 100 People Transforming Business and received the SDCE Women Leaders in Supply Chain award, among other honors.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, Dan Coll and Ninaad Acharya interview Hannah Kain, the President and CEO of ALOM, a supply chain company. Hannah shares her journey of starting the business in the 90s and discusses the catalysts that drove her into the supply chain space. She emphasizes the importance of technology, quality, and sustainability in supply chain operations. Hannah also addresses the challenges faced by women in the industry and the need for ESG (environmental, social, and governance) reporting. She highlights the role of AI in supply chain and shares her insights on future trends and challenges.

    HIGHLIGHTS

    [00:02:55] Hannah's motivation for starting ALOM and her fascination with technology and manufacturing
    [00:08:09] The importance of technology, ESG, and quality in ALOM's approach
    [00:11:44] The origin of ALOM's diverse service offerings and their focus on customer needs
    [00:13:23] Discussion on the challenges and experiences of being a female founder in the 90s
    [00:23:18] Hannah emphasizes the importance of integrating sustainability into every decision
    [00:27:05] Hannah shares a story about addressing human trafficking in the supply chain
    [00:29:19] Importance of employee engagement and retention in creating a positive work environment
    [00:32:12] Hannah shares her approach to onboarding and reducing the time it takes for employees to become effective
    [00:34:00] Dan asks about the use of AI in supply chain and Hannah's perspective on its current and future applications
    [00:42:32] Challenges in the supply chain industry

    QUOTES

    [00:00:27] "Once you start measuring and actually have a system for capturing data, it's where you can really leverage and make a difference in those areas."
    [00:23:18] "I think it's key to get it into every decision being made and also to create that visibility over to customers."
    [00:34:00] "I think a lot of the issues we're having now will be solved by technology. And so I'm a big technology believer."

    Find out more about Hannah Kain in the link below:
    LinkedIn: https://www.linkedin.com/in/hannahkain/

    From Data to Delivery: How AI is Transforming Supply Chain with Inna Kuznetsova

    From Data to Delivery: How AI is Transforming Supply Chain with Inna Kuznetsova

    Inna Kuznetsova, the CEO of ToolsGroup, is a seasoned leader in the realm of AI-powered solutions for supply chain management. With a career dedicated to integrating technology and innovation into the supply chain, Inna oversees ToolsGroup's cutting-edge solutions utilized by retailers, manufacturers, and distributors globally. Her impressive track record includes prior roles as the CEO of 1010data and key positions at INTTRA, CEVA Logistics, and IBM. As an independent director, Inna contributes her expertise to the board of Freightos, a publicly traded SaaS marketplace platform. A distinguished mathematician with MS and Ph.D. degrees from Moscow State University and an MBA from Columbia Business School, Inna is also a recognized author and speaker, having received the Women in Supply Chain Award for three consecutive years.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, Dan Coll and Ninaad Acharya interview Inna Kuznetsova, CEO of Tools Group, about the role of AI in demand planning and supply chain management. Inna shares her insights on how AI can improve demand forecasting, optimize inventory management, and enhance pricing and markdown strategies. She emphasizes the importance of leveraging data and implementing dynamic planning to navigate the complexities of today's supply chain landscape. Inna also discusses the challenges and opportunities for e-commerce brands in diversifying their sales channels and managing returns effectively.

    HIGHLIGHTS

    [00:00:00] Introduction to the podcast and guest's background
    [00:03:12] The impactful moments and philosophies in the guest's career
    [00:09:02] The role of AI in demand planning and supply chain
    [00:13:10] The use of probabilistic models in demand forecasting
    [00:14:19] The advantages of using artificial intelligence in forecasting and managing inventory
    [00:18:20] The role of AI in reducing the bullwhip effect during disruptions like COVID-19
    [00:23:48] The role of AI in allocation planning and optimizing inventory distribution
    [00:25:05] Case study example of allocation planning for a retailer in a resort area
    [00:27:33] The benefits of fulfilling orders from stores and intelligent optimization of markdowns
    [00:31:24] Importance of dynamic fulfillment and holistic approach to e-commerce
    [00:40:43] The proliferation of shipping from store and its advantages/disadvantages
    [00:43:29] Rethinking shipment strategies and returns
    [00:44:17] Managing returns and decision-making
    [00:46:20] Implementing digital twin for intelligent returns

    QUOTES

    [00:11:44] "The reason why I was so attracted to ToolsGroup, why I left my previous role to jump into this current journey was because ToolsGroup was a pioneer in using machine learning in demand forecasting, which they started doing 15 years ago."
    [00:18:20] "With the help of machine learning, you can fulfill better from the stores. It's not just fulfillment from the warehouse. It'd be much more efficient fulfilling from a store where that item may be marked down by 50 percent tomorrow, even if it costs you a little bit more in shipping."
    [00:43:29] "Moving from static planning to dynamic planning and then to navigation through the supply chain is the future trend I'm most excited about. It will minimize the amount of unproductive work made by human beings and allow them to focus on more strategic discussions."

    Find out more about Inna Kuznetsova in the link below:
    LinkedIn: https://www.linkedin.com/in/ikuznetsova/

    Unboxing E-Commerce Efficiency with Krish Iyer

    Unboxing E-Commerce Efficiency with Krish Iyer

    Krish Iyer is the Vice President of Strategic Partners and Industry Relations for Auctane,  which includes ShipStation, ShippingEasy, ShipEngine and Stamps.com. A respected expert in e-commerce, Krish is often quoted in publications such as The Wall Street Journal, Business Insider and the New York Times. An industry leader with over 20 years of experience, Krish brings perspectives from FedEx, Pitney Bowes, Neopost and Auctane. In addition, Krish serves as the Vice President of the Package Shippers Association (PSA), which serves as the voice of the package shipping industry.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast, we dive deep into the world of e-commerce logistics, discussing the intricate challenges and innovative solutions within the industry. Krish Iyer, Vice President of Strategic Partners and Industry Relations at Auctane, shares insights on returns, packaging inefficiencies, sustainability, and the future trends shaping the logistics landscape.

    HIGHLIGHTS

    [00:00:45] Implementing small yet impactful measures, like improving product photos, size charts, and detailed descriptions, significantly reduces returns at minimal cost.
    [00:06:34] The returns space lacks an overarching solution despite various innovations like in-person return options, emphasizing the need for a comprehensive end-to-end returns system.
    [00:18:53] The reluctance of carriers to efficiently handle residential pickups stems from historical perceptions of residential shipments, hindering effective return logistics.
    [00:20:16] Challenges in packaging efficiency persist with oversize boxes and minimal packaging, highlighting the need for proper package engineering aligned with buyer habits and profile.
    [00:29:25] The evolving trend focuses on integrating shipping and delivery intricacies with the shopping experience, emphasizing the significance of marrying shipping logistics with cart interactions for enhanced efficiency.

    QUOTES

    [00:11:04] "The best solutions for returns are free or low cost – get your product and listing right."
    [00:13:19] "The initiation process of the return itself is an issue, often overlooked in return discussions."
    [00:21:56] "You can't thwart human behavior or underestimate what humans will do in the packaging process."
    [00:28:59] "It starts with what the consumer is buying – packaging solutions should align with consumer habits."

    Find out more about Krish Iyer in the link below:

    LinkedIn: https://www.linkedin.com/in/globalkrishna/

    Building Logistics Moats with Benjamin Gordon

    Building Logistics Moats with Benjamin Gordon

    Benjamin Gordon, the founder and Managing Partner of Cambridge Capital, leverages his extensive career in building, advising, and investing in supply chain companies. With a remarkable track record, he has led investments in top-tier firms like XPO, Grand Junction, Bringg, and Liftit, among others. Prior to founding Cambridge Capital, Benjamin established BGSA Holdings as a global leader in M&A within the supply chain sector, overseeing transactions worth over $2 billion. His entrepreneurial journey includes founding 3PLex, a pioneering Internet solution for third-party logistics companies, which later got acquired by Maersk. Throughout his career, Benjamin has advised major industry players like UPS, DHL, Kuehne & Nagel, among others. He holds a Master's in Business Administration from Harvard Business School and a Bachelor of Arts from Yale College. Beyond his professional endeavors, Benjamin is an active civic leader dedicated to fostering community engagement, having founded GesherCity and contributed to various non-profit organizations and boards, showcasing his commitment to philanthropy and leadership.

    SHOW SUMMARY

    In this episode of eCom Logistics Podcast,

    HIGHLIGHTS

    [00:02:05] Looking back at the past 12 months in the logistics industry
    [00:06:39] Signs that things are starting to get better in the industry
    [00:08:42] The impact of bankruptcies on correcting supply and demand imbalances
    [00:11:00] Positive outlook due to more favorable interest rates and inflation stabilization
    [00:13:28] Examples of companies with moats: Green Screens and ReverseLogix
    [00:19:13] Advice: Companies should focus on doing one thing extremely well
    [00:22:45] Examples of companies doing an outstanding job in their field: Green Screens and ReverseLogix
    [00:29:42] BGSA Supply Chain Conference aims to gather top industry leaders
    [00:33:35] Invitation-only event, but open to inquiries for invitations
    [00:38:51] The conference will take place in Palm Beach, Florida.

    QUOTES

    [00:03:38] "Too much capacity chasing too little demand is one of the consequences of the cyclical nature of the logistics industry."
    [00:19:53] "The most successful companies tend to be doing one thing extremely well."
    [00:22:35] "Focus on doing one thing really well and become a leader in that area."

    Find out more about Benjamin Gordon in the link below:

    LinkedIn: https://www.linkedin.com/in/bengordon18/

    eCom Logistics Podcast
    enDecember 21, 2023