Remove 2023 Remove Freight Remove Inventory Remove Sourcing
article thumbnail

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. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.

article thumbnail

Navigating Uncharted Waters: Out of the Fort and Into the Moat

Freightos

The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. to 0.85 (Source: ShipBob ). One of the most prominent shifts has been sourcing patterns. The key takeaway?

Insiders

Sign Up for our Newsletter

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

article thumbnail

National Logistics Day 2023

Enterra Insights

By having more efficient delivery routes, warehouses, and inventory systems in place, companies can reduce their operational costs while still delivering great customer service.” ”[7] Even back then, food, spices, salt, and other goods had to be sourced and moved. Logistics helps to create value. Keep up the good work.

article thumbnail

Modernizing MRO using AI with Paul Noble

The Logistics of Logistics

He has extensive experience in the industrial supply chain and distribution space, as he was recognized as a Supply Chain Pros to Know by Supply and Demand Chain Executive in 2021, 2022, & 2023. For manufacturers: Optimizes inventory and harmonizes data to reduce costs, improve visibility, and make better sourcing decisions.

article thumbnail

Air Cargo is Gaining Momentum in 2023

American Global Logistics

Air freight has evolved dramatically, especially after the pandemic. As we navigate the third quarter of 2023, it's time to examine air cargo's role in global commerce. Since then, air freight has adapted to various market demands and technological advancements. billion in 2023 to $81.15 billion in 2026.

Cargo 52
article thumbnail

7 Top Supply Chain Trends to Know for 2023

ModusLink Corporation

With so much disruption fresh in mind, looking toward 2023 feels a bit more stable for every warehouse and distribution channel. However, the instability around the risk of recession remains, and knowing the top supply chain trends to watch in 2023 will help your organization prioritize operations and succeed.

article thumbnail

U.S. Freight Rates Reach Six Year Low Milestone

Supply Chain Matters

freight rates have reached their lowest levels in nearly six years. In essence, it is confirmation of a freight recession condition. The sub-index index Transportation Utilization of 50 was noted as indicating no upward movement for the first time in 2023. percentage points below the February value of 54.7, Separate U.S.

Freight 52