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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

And the answer lies in how their 2023 went too. Navigating 2023’s Challenges and Looking Ahead While 2023 saw a general decrease in demand, with 60% witnessing a downturn, most attributed this to high inflation and a shift in consumer preferences.

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Back to Logistics Tech School, 2022: the Lost Peak Season, the lingering COVID impact and more

Freightos

While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Stay informed regardless of rate volatility with the Freightos Air Index, a real-time index of air cargo prices across region pairs, individual airports, and weight breaks. Changing Trends in BCO Air Cargo Procurement.

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Supply Chain Matters This Week in Supply Chain Tech- October 10 2023

Supply Chain Matters

In this October 10, 2023 2023 edition of Supply Chain Matters This Week in Supply Chain Technology we provide our capsule highlights of investments announced by supply chain management focused tech providers. This includes our October 10, 2023 edition of Supply Chain Matters This Week in Supply Chain Technology.

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Risk Management in Global Ocean Context

The Logistics & Supply Chain Management Society

It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal. The areas that will be deliberated in future articles are ocean shipping market landscape, freight procurement, reliability & visibility and the competitive landscape.

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2022: A Look in the Rearview Mirror–Part I

American Global Logistics

We had a hangover from the pandemic: Which led to continued inventory shortages, closures of manufacturing plants in China, congested ports, and underemployment. Cargo planes could not fly out of or into Russia or Ukraine. . #3 Cargo capacity exacerbated inventory shortages in the first half of 2023.

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Molex Prizes Agility

Logistics Viewpoints

Those shipments can move directly to customers or move to several regional distribution centers (DCs) that serve as forward inventory locations and consolidation hubs servicing customers and channel partners. The planners could choose to switch cargo from a slow-moving ship to air, for example. Keys to Success.