SUPPLY CHAIN COSTS

May 23 2025BUSINESS

Solving the Return Conundrum: A Fresh Approach to Supply Chain Management

Customer returns are a headache for businesses, especially in the world of online shopping. They cost money and time, but they can't be avoided. So, how can companies deal with this issue more effectively? One way is by tackling a specific problem: the multi-supplier closed-loop location-inventory problem, or CLLIP. This problem focuses on reducing overall supply cha...

reading time about 1 minute
Sep 16 2024BUSINESS

Chips Act: A Second Look

The Chips and Science Act, signed into law two years ago, aimed to revive the US semiconductor industry by providing $52 billion in subsidies. So far, over half of this amount has been allocated to 15 chipmakers, including Intel, Taiwan Semiconductor Manufacturing Company, and Samsung. While this move has been welcomed, experts argue that the Act is missing key compo...

reading time about 1 minute