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Freight Market Intelligence: Data is crucial, but context is king

Freightos

But a strike at a port in Germany or a typhoon off the coast of Vietnam, while temporary, can have major implications for supply chains. We tend to focus on pivotal events like COVID supply chain issues or the Russian invasion of Ukraine as game-changing events. And they are.

Freight 156
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This Week in Logistics News (April15 – 20)

Logistics Viewpoints

GLOBAL TRADE NEWS Xeneta , an ocean and air freight rate benchmarking and market analytics platform provider, investigated how growing geopolitical divisions are manifesting in a shift away from manufacturing in China, and an increase in friendshoring. In percentage terms, Vietnam’s exports grew the most.

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Analytics Should Focus on A Culture of Factory Safety for Workers in Low Cost Country Manufacturing

NC State SCRC

For analytics to become truly effective in global manufacturing settings, veracity and consistency are critical requirements. Too often, companies seek to collect data for analytics, but do not consider that the data will be used as a tool for investigation into root causes, or as a predictive tool, or as a tool to communicate improvements.

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Redesign to Improve Value: A Case Study of a Supply Chain Leader

Supply Chain Shaman

For example, we produce in Vietnam and China. Vietnam is a low-cost market to produce products. Our factory is efficient; yet, it costs us more to manufacture the product in Vietnam because of a lack of local raw materials – compared to manufacturing it in the US, shipping it, and paying duties on a landed basis.

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Selecting a Supply Chain Technology Provider is Harder than it Seems

The Logistics & Supply Chain Management Society

The system you choose should also offer business data analytics capabilities that enable you to observe trends, avoid bottlenecks, have a better understanding of your costs, and optimize your routes and driver schedules. This will give you a more agility, maximize profits and allow you to remain competitive.

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Five Key Takeaways From JOC’s TPM 2016

Freightos

The world’s most popular route is still chock full of surprises, including: Vietnam has emerged as star exporter to the U.S., ClearMetal , a new logistics analytics startup estimates that underutilisation of containers costs the industry $2B annually, including repositioning, missed revenue and vessel inefficiencies.

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Keeping it Fresh: Supply Chain of Livestock and Fresh Food

Elementum

Varieties of produce and livestock can be sourced from anywhere in the world; mangoes harvested in the Philippines could be sold in the US, or rice grown in China may be packaged in Vietnam and sold in different countries in the UK. Specialized handling and packaging are also necessary for a lot of fresh products.