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Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. The freight market is mercurial. It can move quickly from a situation where there is too much capacity in the market and buyers having the whip hand, to a situation where shippers are begging carriers to take their loads at almost any price.

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2021 Logistics Outlook: Truckload Freight Market Forecast

GlobalTranz

For shippers, 2020 was like riding a roller coaster with no way to get off. In the first half of the year, panic buying drove supply and demand imbalance across the supply chain and caused truckload capacity to tighten. The e-commerce surge tightened truckload, LTL , and small parcel capacity, delaying deliveries, and driving up rates.

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Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As the fabric suppliers require the longest lead times, ZARA approves designs & initiates manufacturing after it gets feedback from its stores. This year (2020) when they cancelled the Tournament, they stand to get 144 mil $ from Insurance company. Create a culture of flexibility in manufacturing/ sourcing strategy.

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High freight costs for importers means higher price tags for consumers

Freightos

You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. However, since buying goods manufactured primarily in Asia increased so significantly, demand quickly outpaced supply. When ocean container rates spike, so do the prices we pay.

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Peak Shipping Season Update: What’s Driving Change in the Industry?

GlobalTranz

Approximately 73% of respondents cited progress in omnichannel improvements over the past year, but express cautious optimism for their company's supply chain and capacity. This is not the usual peak season, and it started much earlier than in 2020. Higher freight volumes. Tight capacity and high rates.

Shipping 232
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Ocean Freight: Key Trends & Planning For Peak Season 2023

Ware2Go

See the latest insights on ocean freight rates and other trends that fast-growing businesses should know about to plan for 2023 peak season. In this article: Ocean Freight: Key Stats & Industry News Ocean Freight Shipping: What to Watch For In 2023 Freight Shipping From China & Alternatives What Are The Current Ocean Freight Rates?

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Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Calls for more effective transportation capacity planning, inventory management, multi-sourcing and diversified supplier base strategies are crucial to mitigate business continuity in case of a crisis. The short-term strategy to build resilience, is to focus on three major elements, essential to keep freight moving. .