Remove 2018 Remove Cargo Remove Procurement Remove Sourcing
article thumbnail

Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Tenders can take BCOs (Beneficial Cargo Owners) three to five months of preparation, but despite this, the fixed price often breaks down during peak season. Source: SGX, Freightos Baltic Index. But Does Fixed Ocean Price Procurement Need Fixing?

article thumbnail

30 Supply Chain Leaders Under 30—Class of 2018

Material Handling & Logistics

Although the latest 2018 Salary Survey results found only 2% of the total population of supply chain professionals are in their 20s (the same percentage as in 2017), the gender breakdown of the Millennials recognized in this year's 30 Under 30 program was 18 males / 12 females, for a much more reasonable 3:2 ratio. Media Type. anonymous user.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Looking Beyond Blockchain/Supply Chain Hype

Enterra Insights

Cheng-Shorland explains, “Supply chain is driven in large part by the procurement process. Moving any product or service through a supply chain starts with a procurement contract, which initiates the tendering or bidding process via an RFI, RFP or other type of formal request. Talk about a great use case for blockchain!

article thumbnail

Welcome to the Supply Chain where the Risks Never Stop Coming

Enterra Insights

According to the staff at Supply & Demand Chain Executive , “A new report from Resilinc reveals that global risks increased throughout 2018, with geopolitical conflicts posing some of the most potentially costly and disruptive supply chain impacts.”[1] Unfortunately, taking a knee is not an option. ” 10. Footnotes. [1]

article thumbnail

The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

Their early 2018 competition assessment noted that “companies that provide fulfillment and logistics services for themselves” are competition. Source: Amazon.com. According to their 2017 annual report, over a quarter of Amazon’s third-party sales (which represent half of Amazon’s sales) are cross-border.

article thumbnail

2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

GlobalTranz

Employ comprehensive solutions that support the entire source-to-settle process and create value for all parties involved in it. Freight/Container Loading: Augmented reality could replace the need for a physical cargo list and load instructions. 2016 Supply Chain Trend #6: Procurement’s New (read Bigger) Role in the Supply Chain.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Global paper output is expected to be 4 million tons short of its 2018 level, with predictions of 416 million tons in 2022. Image source: Financial Times.