The role of export diversification in the economy of developing countries has received considerable attention in development literature over the last 50 years.

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Managing a business project- regardless of its size and nature – can be quite challenging in the real world. According to a 2016 report from the Project Management Institute, “Pulse of the Profession: The High Cost of Low Performance,” only 62% of projects meet their goals and business intent – a trend which has been dropping since 2008 – and 16% fail outright.

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I was in New York City recently attending an event at the W Hotel close by Times Square in midtown Manhattan. It’s a quirky place and one of its curiosities is that the elevators on the ground floor will only take you as far as the seventh floor where the lounge bar is situated. To get to the upper floors you must exit at the seventh and take a different elevator that starts there and takes you to the upper floors. It is in fact a very tangible manifestation of the adage “what got you here won’t get you there”.

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Creating the perfect warehouse layout design requires careful planning and extensive consideration of many factors. A poorly designed storage or distribution facility may actually cost your business money eventually.

In today’s hyper-competitive business environment, warehouses go far beyond simple storage solutions. With the increasing diversification of logistics, supplier, and enterprise models, warehouses are now required to provide more flexibility, accessibility, and efficient functionality than ever before.

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Running logistics operations can be very challenging and makes work-life balance appear difficult to achieve. From resolving staff issues to managing client relationships, a mountain of tasks can quickly consume one’s initial enthusiasm.  They may find that the passion they once had is quickly replaced by the difficult task of juggling a hundred balls at once.

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In our last post, we discussed the difference between innovation and problem-solving and why striking a balance between these two processes is crucial to maintaining the position of a business in the market. However, in order to get ahead of the competition and make a mark in the industry, a business must be able to come up with new ideas to keep their operations, products and services fresh and unique –in other words, they must innovate.

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Having state-of-the art systems, logistical infrastructure, and analytics would all be useless without an engaged and committed workforce for increased productivity in your logistics.

In order to run an efficient logistics operation, it’s is crucial to establish seamless communication within your supply chain with the goal of improving it in the long run. Complimented with continuous education and training, a logistics organisation will be able to significantly improve its processes, products, and service. This drives a high end performance driven culture ensuring significant cost-savings, higher service levels, and ultimately, more engaged and productive employees.

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21st Century Warehousing: Strategy and Operation

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