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How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

For the shipper, in particular, the use of freight cost benchmarking and market movement analytics will also be important to achieve additional insight and a better understanding of overall costs. Freight cost benchmarking in the market is an efficient method followed by many shippers. Optimize your cargo packing.

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July 11, 2023 Update

Freightos

Combined with still-elevated inventories for many retailers, these estimates also imply expectations for resilient consumer spending through the holiday season. IATA’s latest air cargo demand data show that global volumes fell by more than 5% in May compared to last year and were 7% lower than in 2019. Europe prices at $3.12/kg

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Industry-Changing Views From the Cloud

MIT Supply Chain

Cloud computing is gaining a lot of ground in the supply chain domain, with applications ranging from new analytics to dynamic routing and powerful track and trace features. How much inventory could be better managed in this segment if there was better visibility into end-to-end cargo flows? But what lies beyond these solutions?

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IoT enabled Supply Chain Visibility: The Holy Grail of Supply Chain Managers

Global Trade Management

IoT enabled supply chain analytics dashboards provide opportunities for supply chain leaders to have better access to real-time data and transform today’s outdated supply chain structures and create the supply chains of the future that are hyperconnected, innovative, transparent and intelligent.

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Management of Ocean Transit Time Reliability and Visibility

The Logistics & Supply Chain Management Society

but when demand slowed, the pressure to reduce inventory becomes a lot higher. Supply chain visibility provides the ability to view and track inventory in real-time or near real-time across all modes from raw materials to finished goods at the customers door. 2022 ocean schedule reliability dropped to 30%.

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Freight Audit Advisor: How an Expert Amplifies Value in Perpetuity

Intelligent Audit

With a dedicated freight audit provider account manager in place, you can be sure that you’re getting the most out of your freight audit program with truly actionable analytics insights. Carriers bill customers based not only on shipment quantity but also cargo weight, can result in overcharges if incorrect.

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Supply Chain Sins, Fallacies, and Mistakes

Enterra Insights

Surrett explains, “When shipping documents misreport significant attributes of cargo, the resulting inaccurate or false billing can prompt additional carrier charges. Lack of Benchmarking. Surrett writes, “It’s important to validate the true value by benchmarking against others in the sector. Inaccurate Billing.