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Lost in Translation: When Distribution Centers Misinterpret Overages and Shortages, Suppliers Lose Millions

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Consumers don’t generally consider the logistics and complexities involved in the supply chain when they place an item into their physical or virtual shopping cart. But when shelves are empty or “out of stock” appears after clicking on an item online, people want answers. Big box retailers have rolled out a series of initiatives to keep vendors accountable for delivery times and order fulfillment by issuing penalties based on performance. Despite their best efforts, vendors find themselves losing millions of dollars due to perceived receiving discrepancies. Frank Matarazzo, Owner and CEO of Fusion Transport has witnessed firsthand how critical mistakes on the receiving end, such as misread purchase orders and miscalculated inventory are unduly harming vendors and trucking companies.

RUTHERFORD, N.J., June 10, 2024 /PRNewswire-PRWeb/ — Things just aren’t adding up in the world of shipping and receiving. The number of warehouses in the United States has grown from approximately 14,600 in 2007 to 22,000 in 2023 in response to changing dynamics in the commerce and distribution industries, such as economic trends, the surge of eCommerce, and other shifts in consumer behavior. (1) Walmart is the biggest retailer in the U.S., comprising nearly one-fourth of the global retail industry; (2) boasting 210 distribution centers (DCs), each of which is at least one million square feet, with each unloading and shipping a minimum of 200 trailers a day. (3) Amazon and Costco round out the top three retailers in the U.S., with Target coming in ninth. (4) The National Retail Federation predicts retail sales will increase 2.5% to 3.5% in 2024, reaching approximately $5.25 trillion. (5) The logistics of inventory tracking, record-keeping, and billing in such a chaotic and fast-moving supply-chain environment is bound to have its challenges. Frank Matarazzo, Owner and CEO of Fusion Transport, observes, “Purchase order [PO] disputes regarding shipment overages and shortages cost vendors and trucking companies millions upon millions of dollars each year. The industry must first recognize that a problem exists when receiving shipments and reconciling purchase orders to what is actually delivered and then agree upon effective solutions that mutually benefit suppliers and retailers.”

“Purchase order disputes over shipment overages and shortages cost vendors and trucking companies millions each year. The industry must recognize and address these issues to find mutually beneficial solutions for suppliers and retailers.”

On-time and fill-rate compliance is where the rubber meets the road in the supply chain gauntlet. Overages and shortages, as their names suggest, occur when the supplier has delivered too much or too little product when judged against the original retailer’s PO. Many retailers are issuing fines to suppliers when there are perceived PO discrepancies. Walmart’s Supplier Quality Excellence Program’s (SQEP) fine structure is $200 per PO per defect and $1 per unit handled, (5) which can add up quickly, leaving vendors underwater. Aside from excessive fines, vendors also lose revenue when retailers choose to keep any excess product without returning it or reimbursing the vendor.

It is common for retailers to issue multiple types of purchase orders to their vendors weekly. To distinguish them, vendors typically deliver multiple pallets, one for each type of order, and they arrive at the DC on the same date and at the same time. Matarazzo explains, “In the case of a mismatched PO, one pallet from the same vendor might be found to be 100 units over and the other 100 units short due to receiving product against the wrong purchase order. It’s not too big of a deal when you are dealing with cans of soup, but when you are dealing with laptop computers, it can be financially devastating to a supplier.”

Chain of custody monitoring is one method of proactively addressing the root causes of the problem. By using detailed documentation and taking photographs at every stage of the process, from picking the product, building the order, staging, loading, and unloading, vendors have clear evidence of how the shipment was ultimately received. Freight should be transacted on the dock with a bill of lading that confirms the details and accuracy of each shipment. However, truck drivers are frequently not allowed on the dock to oversee delivery leading to a lack of transparency, which corrupts the proper chain of custody.
Many distribution centers are under pressure to meet time constraints when unloading and counting a shipment. If they reach their time limit, one workaround is to sign off on a bill of lading as receiving “0” or “STC, Said to Contain or Subject to Count,” assuring the driver that it will all work out in the receiving process. This is clearly not an ideal situation for anyone.

Fusion Transport has 40 years of experience providing full-truckload and less-than-truckload (LTL) services that save their clients time, money, and hassle when moving freight. As the leader in tech-driven freight management solutions, Fusion Transport’s platform integrates assistance with analytics, tracking financials, managing inventory, and maintaining CRM systems, streamlining and automating processes for faster and more accurate tracking of supplies and inventory to reduce cost and improve shipping performance.
Matarazzo advises, “With better collaboration and communication between retailers, suppliers, and the trucking industry, these shipping and receiving challenges can easily become opportunities to make the supply chain more transparent and less complex.”

About Fusion Transport
Freight industry visionary Frank Matarazzo responded to the complex challenges of shipping logistics, consumer demands, and the need for advanced supply chain solutions by creating Fusion Transport. Emerging from two third-party logistics brokerages and based in Rutherford, NJ, Fusion Transport has become a pivotal force in retail consolidation and is now a leader in technology-driven freight management solutions. With over 40 years of expertise, the company is revolutionizing the North American less-than-truckload (LTL) network through a technology-based approach that not only meets market demands but also reduces the inefficiencies typically seen in traditional LTL carrier networks. This innovative strategy offers a more streamlined and cost-effective option for shipping merchandise in LTL quantities across the country, epitomizing the disruptive, customer-focused ethos of Fusion Transport. For more information, visit their website at https://www.fusiontransport.com/.

References:

Schneider, Will. “Exploring the Number of Warehouses in the U.S. from 2007-2023.” Warehousing and Fulfillment | Find the Best Warehousing and Fulfillment Services, 7 Feb. 2024, warehousingandfulfillment.com/warehousing-and-fulfillment-resources/exploring-the-number-of-warehouses-in-the-us-from-2007-2023/.Marcus Lu Article/Editing: “Ranked: The Biggest Retailers in the U.S. by Revenue.” Visual Capitalist, 24 Nov. 2023, visualcapitalist.com/biggest-retailers-in-the-us/#:~:text=Ranked%3A%20America’s%20Biggest%20Retailers,global%20sales%20crossing%20%24600%20billion.”Walmart’s Supply Chain: A Detailed Look at How They Manage It.” Vector, withvector.com/resource/walmarts-supply-chain-a-detailed-look-at-how-they-manage-it/. Accessed 22 May 2024.Tumisang Bogwasi 2X Award-Winning Entrepreneur | Empowering Brands to Generate Leads, et al. “The Biggest USA Retail Companies in 2024.” Brimco, 14 May 2024, brimco.io/the-biggest-usa-retail-companies/.”NRF Forecasts Retail Sales to Reach at Least $5.23 Trillion in 2024.” NRF, 20 Mar. 2024, nrf.com/media-center/press-releases/nrf-forecasts-retail-sales-reach-least-523-trillion-2024.”Walmart’s New SQEP Program: 3 Things for Suppliers to Know.” Harvest Group, 13 Dec. 2022, harvestgroup.com/walmarts-new-sqep-program/.

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Automotive Seat Heater Market to Reach $5.5 Billion, Globally, by 2033 at 6% CAGR: Allied Market Research

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Key factors contributing to the growth of the automotive heat seater market include advancements in heating technology, such as the integration of more efficient heating elements and improved temperature control systems.

WILMINGTON, Del., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive seat heater Market by Type (Carbon Heater and Composite Heater), Vehicle Type (Passenger Cars and Commercial Vehicles), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the automotive seat heater market was valued at $3.1 billion in 2023, and is estimated to reach $5.5 billion by 2033, growing at a CAGR of 6% from 2024 to 2033.

The global automotive seat heaters market is driven by increased demand for comfort and customization. As increasing numbers of individuals utilize the roads, the number of affordable vehicles available in recent years has skyrocketed. As a result, there is a greater need for vehicles with interiors that are both visually appealing and practical. The market for vehicle interior materials is being driven by rising consumer demand for customization and technical developments across the industry. In response to client demand, companies are now offering customization choices for creating modern interiors. Consumers increasing health consciousness is also driving the development of environmentally friendly automotive interior materials that contribute to increased comfort. 

Request Sample of the Report on Automotive Seat Heater Market   Forecast 2033: https://www.alliedmarketresearch.com/request-sample/A323768

Prime determinants of growth 

The growing level of competition in the automotive industry is a primary driver of the automotive seat heater market’s expansion. Furthermore, improving consumer affordability, rising consumer income, and the availability of easy financing to purchase a vehicle are all driving forces in the global automobile sector. Furthermore, expansion in the automobile industry causes growth in the global market. Rising popularity of carbon fiber technology, rising demand for comfort and energy efficiency in vehicles, and rising preferences for high-end passenger cars are some of the major and insightful factors that will most likely drive the growth of the automotive seat heater market during the forecast period. The health benefits, such as reduction from discomfort backs and rapid warming, are driving market expansion. The expanding aftermarket sales of car seat heaters are driving the market forward.

Have a Question? Connect to our Analyst – https://www.alliedmarketresearch.com/connect-to-analyst/A323768

By Type 

The carbon heater segment is expected to grow faster throughout the forecast period.

The carbon heater segment is anticipated to experience faster growth in the automotive seat heater market. Carbon fiber meshed weave heating pads will remain the largest market segment as this type of seat heater ensures good strength and requires very low voltage to produce heat. a growing preference for energy-efficient and environmentally friendly components, aligning with the broader push towards sustainable automotive solutions. The integration of advanced technologies, such as automatic climate control systems that adjust seat heating based on ambient temperature and individual preferences, is becoming increasingly popular.  

By Vehicle Type

The passenger car segment is expected to grow faster throughout the forecast period.

The passenger car segment is anticipated to experience growth in the automotive seat heater market. The increasing expenditure on passenger and driver comfort. The development of premium features and the surge in passenger vehicle numbers in Europe and North America significantly contribute to this growth. Additionally, there is a rising demand for SUVs and luxury vehicles in emerging markets. Automotive manufacturers are continuously innovating electronic technologies, which create new opportunities for the application of heated seats in passenger cars. This trend is further bolstered by the emphasis on enhancing vehicle comfort and the integration of advanced climate control systems. 

Procure Complete Report (324 Pages PDF with In-depth Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/automotive-seat-heater-market-A323768

By Sales Channel

The aftermarket segment is expected to grow faster throughout the forecast period.

The aftermarket segment is anticipated to experience growth in the automotive seat heater market. One of the standardization of temperature control seats in various mid-range and high-end vehicles is helping the OEM section of the automobile seat heater industry. Seat heater replacement rates are predicted to rise due to excessive wear and tear, as well as changing climatic circumstances in cold locations, driving up aftermarket sales. When compared to OEM products, aftermarket products are more cost-effective. Furthermore, owners of vehicles without seat heaters add this equipment in the aftermarket, which boosts seat heater aftermarket sales.

By Region

Europe to maintain its dominance by 2033.

Europe is expected to maintain its dominance in the automotive heat seater market by 2033 owing to robust industrialization, infrastructural development, and growing investments in automotive and manufacturing sectors. has witnessed a surge in the popularity and necessity of automotive seat heaters. As the nation’s economy expands and consumer prosperity grows, there is a corresponding increase in the demand for vehicles equipped with advanced comfort amenities. Once considered a luxury, seat heaters are now becoming more accessible to a wider demographic, fueling their adoption among consumers.

Europe will maintain its pivotal role as a significant market for automotive seat heaters. This is primarily due to the increasing demand from end users who prioritize cabin comfort, especially in the winter months. Seat heaters are favored for their ability to significantly enhance occupant comfort during this season.

Players: –

Continental AGPanasonic CorporationGentherm IncorporatedII-VI IncorporatedRoadwire LLCRostra Precision Controls Inc.Firsten Automotive Electronics Co., Ltd.Guangzhou Tachibana Electronic Co., Ltd.SINOMASChampion Auto Systems

The report provides a detailed analysis of these key players in the global automotive seat heater market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Industry News

In August 2020, Lear and Gentherm introduced INTU™ Thermal Comfort Seating with ClimateSense™ Technology.

For More In-depth Insights: https://www.alliedmarketresearch.com/automotive-seat-heater-market-A323768

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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/R E P E A T — MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement/

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VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

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Olink Proteomics Announces the ‘Olink Proteomics World’ Virtual Conference: A Novel Platform Exploring the Latest Advancements in Proteomics and Proteogenomics

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The ‘Olink Proteomics World’ Virtual Conference will bring together scientists from around the globe to explore the latest advancements in proteomics and proteogenomics across fields such as immunology, oncology, neuroscience, aging, and inflammation on September 26th, 2024.

WALTHAM, Mass., Sept. 20, 2024 /PRNewswire-PRWeb/ — Olink Proteomics, part of Thermo Fisher Scientific, a leading provider of advances proteomics solutions, is exited to announce its upcoming virtual conference, Olink Proteomics World, on September 26th, 2024.

The digital event features presentations from esteemed scientists and provides a platform to connect with peers, identify potential collaborations, and explore advanced protein biomarker discovery tools and results.

This innovative virtual conference will bring together scientists from around the globe to explore the latest advancements in proteomics and proteogenomics across fields such as immunology, oncology, neuroscience, aging, and inflammation. The digital event features presentations from esteemed scientists and provides a platform to connect with peers, identify potential collaborations, and explore advanced protein biomarker discovery tools and results.

Our lineup of esteemed presenters will cover a wide range of topics, including:

The Aged Tumor Microenvironment: Understanding how aging influences the tumor microenvironment and its implications for cancer therapy.Infectious Diseases Dynamics: Unravelling how proteomics can enhance our understanding and management of infectious diseases.Alzheimer’s Diagnostics and Disease Monitoring: Exploring the latest tools and biomarkers for early detection and monitoring of Alzheimer’s disease.Aging Mechanisms: Insights into the biological processes of aging and how they can inform healthcare strategies.Predicting Disease Risks: Utilizing multiomics data to forecast disease risks and improve preventive measures.Genetics and Proteomics of Obesity: Investigating the complex interplay between genetics, proteomics, and obesity.Microbiome Transplantation Effects: Evaluating the impact of faecal transplants on human health and disease.Biomarker Discovery in Multiple Sclerosis: Cutting-edge research on identifying biomarkers for better diagnosis and treatment of Multiple Sclerosis.

In addition to these topics, our speakers will delve into various aspects of multiomics research, offering insights into how integrated approaches are shaping the future of personalized medicine and healthcare.

To see the full agenda and list of speakers for this event click here.

In addition to expert presentations, attendees can participate in interactive sessions, visit the digital poster hall, and engage in real-time Q&A sessions with speakers.

For further information about the event & to register for free, click here.

About Olink Proteomics
Olink’s mission is to accelerate proteomics together with the scientific community, to understand real-time biology and gain actionable insights into human health and disease. Our innovative solutions deliver highly sensitive and accurate protein quantification, giving scientists the power to investigate complex biological processes with precision.

About Labroots
Labroots is the leading scientific social networking website, & primary source for scientific trending news & premier educational virtual events & webinars & more. Contributing to the advancement of science through content sharing capabilities, Labroots is a powerful advocate in amplifying global networks & communities. Founded in 2008, Labroots emphasizes digital innovation in scientific collaboration & learning. Offering more than articles & webcasts that go beyond the mundane & explore the latest discoveries in the world of science, Labroots users can stay atop their field by gaining continuing education credits from a wide range of topics through their participation in the webinars & virtual events.

Media Contact

Akshay Masand, Labroots, 714-463-4673, akshay.masand@labroots.com, https://olink.com/ 

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