One of the basic tenets of the Boy Scout code is to “leave no trace” when vacating a campsite. The same rule applies to proper supply chain management, according to some former scouts now serving as prominent reverse logistics practitioners.
“We owe it to our community and future generations,” says Gary Cullen, chief operating officer of 4PRL, the reverse logistics operation of The Georgetowne Group, a consultancy based in Clarksville, Md. “Consumer buying patterns in the past were more conservative and therefore pushed product obsolescence to a larger window—three to five years for a television, for example,” he adds.
“The secondary markets are effective in diverting a large number of products from landfill and creating numerous jobs.”
“But now, consumers want the newest television set on the market. One year it’s the flat screen, the next it’s got to be 3D.” And just as “secondary markets” exist in the financial world to offer investment alternatives, a similar convention helps manufacturers repurpose their supply chains.
“There are new revenue streams to be explored,” says Dale Rogers, the incoming director for Supply Chain Management at Rutgers University. “The secondary markets are effective in diverting a large number of products from landfill and creating numerous jobs.”
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The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.
YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.
With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.
Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809