Logistics

GPC and the future of energy and logistics in Nigeria.

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An Interview with the MD/CEO Elvis C. Okonji What have been the effects of COVID-19 on the energy and logistics industry? On the heavy-duty truck haulage industry, COVID-19 had a direct impact on revenue projections and consequently liquidity, and profitability projections industry wide. For example, we achieved about 73% our turnover projection for FYE 2020 as a fallout of COVID-19 and other economic inefficiencies such as port congestion. However, crisis in the industry was averted …

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6 Logistics and Supply Chain Trends To look out for in 2021

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In the last few months, the global pandemic has affected almost all aspects of the world economy. One industry that has seen particularly noticeable changes over the past few months is e-commerce. As self-isolated consumers turned to online shopping, it has created immense pressure on the supply chain logistics industry to keep up with the increasing demand.  As a result, logistics companies are stepping up with innovative strategies to respond to these rapidly shifting logistics …

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10 Reason Why Outsourcing Logistics would benefit your business in 2021

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As a business owner, you may be well aware of the economic value of outsourcing your company’s supply chain management to a third-party logistics provider. However, if you have yet to consider a 3PL (3rd Party Logistics)provider for one reason or another, now may be the time to reevaluate. Value-added 3PL services offer an array of advantages that many companies are becoming privy to resulting in strong and continued growth in the third-party logistics sector. …

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How to reduce costs and save time in your logistics?

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Cost reduction is a crucial subject in logistics and we often see companies struggling to devise strategies to achieve cost reductions. In today’s blog post, we will go over five key areas that you can focus on if you want to improve the bottom line of your logistics business by reducing costs. 1.Inventory Level Management Maintaining an optimal level of inventory is the first area for you to focus on if you are looking at …

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Tips to Improve Warehouse Efficiency

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Good warehouse efficiency is not only about putting everything in its place and getting products out on time, it’s about maximizing productivity while saving time and money. Some practices like labeling are intuitive and can be done without the use of the software. Others like barcodes, scanners, and RFID systems are all part of warehouse and inventory management systems that focus on monitoring the flow of products and enhancing accuracy with software. Efficiency in your …

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