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Home Making Logistics Data Actionable: Insights from Freightos and Gryn July 7, 2025 Blog Data is the backbone of efficient decision-making. However, transforming raw data into actionable insights remains a significant challenge for many logistics organizations. Esch cited a study by a U.S.
Geopolitical instability, extreme weather, labor shortages, and fluctuating consumer demand regularly impact global logistics. They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Amazon is a leader in AI-driven supply chain management.
Direct Procurement : Milk is collected directly from farmers at the village level. Technology Integration : Use of technology in logistics, inventory management, and supply chain tracking has helped improve efficiency and transparency. This empowers them to have a stake in the business and share profits.
More Resources Home November 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11 Weekly) decreased 7% to $1,291/FEU.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
The supply chain management techniques that dominated the last 30 years are no longer supporting consumer behavior or logistics and manufacturing capabilities. What should your plans for 2023 include? Procurement strategies in response to network delays and bottlenecks. So what’s working now?
As we turn the page on 2022 , I’d like to make five supply chain predictions about what to expect for 2023. All these factors together place the second half of 2023 in a more positive light. However, it is worthwhile for leaders to keep tabs on how these technologies evolve through the rest of 2023. He received his Ph.D.
Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. How will the picture change in 2023 ? The threat of an economic recession is looming over all major economies in 2023. Inflation Pressure. Upcoming Recession?
From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments. Companies may need to revise inventory strategies and adjust procurement lead times accordingly. Others are expected to follow. 3from foods sold in the state, effective January 1, 2027.
And now on to this week’s logistics news. May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. West Coast and North Europe.
Here are some highlights from these trends in 2023 and implications on supply chain planning. As many retailers will look into sourcing products locally, re-evaluating their supply and logistics networks to optimize their supply chains will be more critical than ever.
Last month, Descartes Systems Group (a Talking Logistics sponsor) held its “2023 Descartes Innovation Forum for Broker, Forwarder and Customs.” I served as a panelist on a session titled, “AI in Logistics Technology – Ally or Adversary?” Read more The post How Is AI technology Impacting The Logistics Industry Today?
Looking Back to 2023 Performance in 2023 was not as positive as we might have hoped, and it was a harder year than many had anticipated. A majority of organizations (62 percent) missed their 2023 business goals, and four in five organizations reported falling short of their competitors’ or peers’ performance (Figure 1).
And now on to this week’s logistics news. As a first of its kind agreement in the US, FedEx Express will develop plans to test Elroy Air’s Chaparral autonomous air cargo system within the company’s middle-mile logistics operations, moving shipments between sortation locations. Amazon workers in Staten Island vote to unionize.
LSCMS Shippers Council: Logistics Excellence Through Collaboration The LSCMS Shippers’ Council is made up of Logisticians from large and well known and enterprises, as well as thought leaders from industry and academia. Read More December 15, 2023
And now on to this week’s logistics news. The startup procured $400 million in a Series E financing round, led by One Madison Group and JS Capitol , that includes Walmart and existing investing partner SoftBank Vision Fund 1 in January 2022. billion in 2023, down from $100.3 billion last year. That’s all for this week.
The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. In March 2023, the level of disruption fell to a level seen in November 1998.
LogisticsProcurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
LogisticsProcurement – Performance Management Download the latest LogiSYM Supply Chain Magazine In this edition we have several news updates, interesting & enlightening articles and contributions on people & management – topics which are most crucial to the development of the Supply Chain Industry across regions as well as globally.
According to a survey of 250 global companies by the consulting firm McKinsey, 91% of shippers and 75% of logistics service providers have implemented a warehouse management system. The Implementation of Autonomous Mobile Robots The company went live with autonomous mobile robots from Locus Robotics in October of 2023.
Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. Paul Maplesden , Lead Content Strategist for Logistics and the Supply Chain at GEODIS, explains, “Mapping out key supply chain partners, routes and other factors is a good first step toward resilience.
And the answer lies in how their 2023 went too. A significant majority – 70% – reported a return to normalcy in logistics operations, with 40% experiencing conditions that were even better than those they experienced pre-pandemic. With this fresh in mind, how are small and medium-sized importers preparing for 2024?
The post Discussing the Lessons Learned in Transportation Procurement Management appeared first on Talking Logistics with Adrian Gonzalez. The post Discussing the Lessons Learned in Transportation Procurement Management appeared first on Talking Logistics with Adrian Gonzalez.
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. Industrial Distribution business unit. The Greenscreens.ai
Prior to co-founding Amplio, Trey led the international logistics capability at Georgia-Pacific, which is the largest U.S. Streamline procurement. Meet with Amplio @ IPC Apex Expo 2023. The Logistics of Logistics Podcast. Check out The Logistics of Logistics on Youtube. Amplio on LinkedIn.
FactSet reports that 66% of companies in Q3 2023 beat revenue guidance. The second is, Why are companies focused on traditional risk management investments primarily focused on supply/procurement when the more significant opportunity is balancing risk and opportunity in an increasingly complex world? The public markets are nervous.
Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo. Together, we can offer a complete solution that covers the digital procurement of both spot and contract freight services, across air, ocean, road, and rail.
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.
Read more The post [Video] Discussing the Lessons Learned in Transportation Procurement Management appeared first on Talking Logistics with Adrian Gonzalez. Read more The post [Video] Discussing the Lessons Learned in Transportation Procurement Management appeared first on Talking Logistics with Adrian Gonzalez.
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
Today, however, TGW Logistics is also benefiting from significant cost savings: in 2023 alone, process costs were reduced by around 2.4 Today, however, TGW Logistics is also benefiting from significant cost savings: in 2023 alone, process costs were reduced by around 2.4 million euros. million euros.
18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen. Judah produces the Freightos Group’s FBX Weekly Freight Update and other research on what’s happening in the industry from shipper behaviors to the latest in logistics technology and digitization.
Digital Opportunity for 3PL Logistics Operations! Below are some common problems in supply chain management and how they can be mitigated with the assistance of software solutions and digital strategies in logistics. Failed customer expectations Logistics management software often has difficulties in fulfilling client expectations.
DOWNLOAD NOW RETURN TO THE ARCHIVE Featured articles from this issue: h6 The Approach to Effective Freight Procurement LogiSYM Supply Chain Magazine – October 2023 The Evolution of Asset Management: Humans, Inventory and the Rise of AI The Green Corridor: The Circular Journey Managing Inventory amid Regime Change
Mark joined Princeton TMX in September 2023. Mark’s 35 years in transportation and logistics includes 17 years of experience with Transplace (now Uber Freight), where he held the position of Sr. and Penske Logistics. in Transportation and Logistics from Arkansas State University. Hunt Transport, Inc. Mark earned a B.S.
Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.
Charting the Course to Sustainable Transportation: Our Journey to a Greener Future Introduction At LogiSYM Platinum in October, 2023, t he LSCMS Shippers Council recently hosted a round table event, bringing together key players in the logistics and supply chain management sectors to discuss the pivotal theme of sustainable transportation.
Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Figure 2: A technology adoption roadmap for transportation and logistics companies considering generative AI.
Hannah was named an SDCE 2023 Supply Chain Pro to Know and 2021 WE USA Top WBE CEO. In 2020 she was featured as a Business Insider Top 100 People Transforming Business, recognized as a Top 10 Women in Logistics by Global Trade Magazine, and won the SDCE Women Leaders in Supply Chain award.
The company saved 700 man-hours annually on admin and increases its share of certified suppliers by 20% Madrid, 13th May 2025 JAGGAER bolsters the digitalisation of procurement processes at Cosentino, a Spanish family-owned company with an international presence and a world leader in the production of surfaces for architecture and design.
This shows hope that one day, we won’t need an award like this because men and women in the supply chain will be equal,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. 14-15, 2023 in Atlanta. This shows progress. While there’s still more work to be done, what we’re doing is working.
The logistics landscape is evolving rapidly as more manufacturers relocate production closer to domestic markets. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Investments in rail networks to reduce emissions and support sustainable logistics.
Gartner Peer Insights – Customer First Badge June 2023 – Our customers helped ToolsGroup earn Gartner Peer Insights’ Customer First badge with over 100 reviews. ToolsGroup has also been named a FeaturedCustomers 2023 Top Rated Software and Hot 100 Vendor.
Everything from procurement to last-mile delivery comes under the supply chain umbrella, and boosting efficiency here drives better business results. Sensitive supply chain data, such as customer order information and logistics partner data , are always secure leading to better customer experiences and logistics partner relationships.
in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. This intermediate step is more related to Procurement and supply chain transparency.
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