performance growth News

Supply Chains Boost Efficiency with Marginal Gains Strategy

The law of diminishing marginal returns highlights the accumulation of overall benefits through incremental improvements, offering an effective approach for businesses to enhance supply chain performance within limited budgets. Companies should adopt unified planning, data-driven decision-making, leverage artificial intelligence and scenario modeling, and continuously improve to adapt to changes, achieving cost savings and efficiency gains. By focusing on details and continuous optimization, businesses can gain a competitive edge. This approach allows for maximizing impact with minimal investment, proving particularly valuable in resource-constrained environments.

01/22/2026 Logistics Industry Insights

Quest for Quality Awards Honor Logistics Excellence

The 42nd Quest for Quality Awards, hailed as the 'Oscars' of the logistics industry, have been announced. These awards, based on real-world evaluations from Logistics Management readers, recognize logistics service providers demonstrating excellence in on-time performance, value, information technology, customer service, and equipment/operations. The awards aim to assist companies in identifying outstanding logistics partners, optimizing their supply chains, and enhancing overall competitiveness. By highlighting top performers, the Quest for Quality Awards contribute to improved logistics practices and stronger supply chain relationships.

01/17/2026 Logistics Industry Insights

Lesotho Revenue Authority Advances Tax Modernization with Talent Initiative

The Lesotho Revenue Authority (LRA) is actively implementing a competency-based human resource management system to enhance operational efficiency and tax collection capabilities. Supported by the World Customs Organization through the EPCB-HRMP project, the initiative aims to assist LRA in building a strategic HR management system. This system focuses on aligning talent with roles, ultimately contributing to LRA's modernization goals. This endeavor offers valuable lessons and best practices for other African tax administrations seeking to modernize their HR practices and improve overall performance.

01/22/2026 Customs Knowledge

Freight Industry Experts Advise on Navigating Economic Downturn

Bloomberg analyst Lee Klaskow and Tucker Global Logistics President Tucker delve into the freight market amid the US economic recession. Klaskow predicts a 65% chance of a US recession, highlighting challenges like declining freight volumes and high inventory levels. He believes capacity rationalization will aid market recovery, with potential improvements in the second half of the year. Companies should focus on lean operations and diversification to seize opportunities amidst the challenges. The freight market's performance is seen as a key indicator of overall economic health and resilience.

01/19/2026 Logistics Industry Insights

Nigeria Customs Adopts WCO System to Boost Trade Efficiency

With WCO support, the Nigeria Customs Service upgraded its Post Clearance Audit (PCA) system, strengthening risk management, optimizing trader segmentation, and supporting the implementation of the Authorized Economic Operator (AEO) program. This initiative aims to enhance trade efficiency and promote economic prosperity. Emphasizing data-driven customs management, the project offers valuable lessons for other developing countries looking to modernize their customs operations and improve trade facilitation measures. The focus on risk-based approaches and data analysis is key to achieving tangible improvements in customs performance.

01/20/2026 Customs Knowledge

Aviation Industry Adopts IATA Safety Course to Reduce Risks

The IATA Safety Risk Management course is crucial for enhancing airline operational safety. It covers safety management principles, risk management processes, hazard identification and analysis, risk assessment, safety assurance, and performance monitoring. Through interactive exercises and role-playing, participants will master risk management tools and improve their risk management capabilities. This course is suitable for airline operations managers, safety managers, and others. Upon completion, participants will receive IATA certification. This program equips professionals with the knowledge and skills necessary to proactively manage safety risks within their organizations.