Remove Freight Remove New York Remove Procurement Remove Transportation
article thumbnail

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

article thumbnail

How Freight Disrupted Itself: The View From Within A Changing Industry

Freightos

How Freight Disrupted Itself. In the last year, a new dynamic has begun to reshape the freight industry. Phil knows his (freight) stuff. In his PhD thesis he developed a product to secure ocean freight rates with financial derivatives. Declining Freight Rates. Suddenly the freight industry is not so opaque.

Freight 102
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Continued Disruption and Added Cost Inflation Reflected in Key Global Transportation and Logistics Indices in March and Q1 2022

Supply Chain Matters

We now add highlights of March and Q1-2022 key global transportation and logistics indices. Global and Domestic Transportation and Logistics Indices. For the specific routing of Shanghai to New York , the index was $11, 531, reflecting a six percent decline. . Global Shipping. Supply Chain Matters Additional Insights.

article thumbnail

2022: A Look in the Rearview Mirror–Part I

American Global Logistics

Inflation set in for fuel and transport costs, increasing logistics costs as a whole over last year. This was evident with the creation of a new report from the New York Federal Reserve. That led to some positive changes as transport prices began to decline. 5 The modal shift to air freight from ocean freight.

Russia 52
article thumbnail

Federal Reserve GSPI Index Drops Significantly in April

Supply Chain Matters

The Supply Chain Matters blog highlights a further negative drop in the New York Federal Reserve’s Global Supply Chain Pressures Index ( GSPI ). This index compiles 27 different variables to include transportation movement and costs, global PMI sub-indexes reflecting delivery times and order backlog.

article thumbnail

Two Indices of Supply Chain Activity Noting Supply Chain Volatility Trending

Supply Chain Matters

According to the latest Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of New York , overall pressures increased in April. This index complies 27 different variables to include transportation movement and costs, global PMI sub-indexes reflecting delivery times and order backlog.

article thumbnail

Mid-Year Assessment of 2022 Supply Chain Predictions- Part Three

Supply Chain Matters

In this particular assessment, we reflect on our prediction that cost inflation trends that occurred among global logistics and transportation modes last year, would be unsustainable, and would drive remediation efforts. Mid-Year Global Transportation Assessment.