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AI in supply chain automation is gradually reshaping how core functions operate, particularly in procurement, warehousing, and logistics. Key Insight: The use of AI in supply chain automation is producing tangible benefits across procurement, warehousing, and logistics.
Editor’s Note: This is a guest article from Laura Jelen with negotiations.com who discusses some useful tips on how companies can negotiate freight rates a bit better. Shipping costs are a significant part of the supply chain expense.
What’s the Difference Between Freight Management and Logistics Management? In today’s world, where globalization and international trade play an increasingly important role, efficient freight management is becoming a key aspect of success for many companies.
The logistics landscape is evolving rapidly as more manufacturers relocate production closer to domestic markets. This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience.
What is reverse Logistics? Before we dive in the nuances of reverse logistics, otherwise known as return logistics, integration, let's briefly recap what reverse logistics is. Reverse logistics refers to all operations related to the reuse of products and materials. Managing return logistic can be challenging.
Joe Lynch and Spencer Tenney discuss The Logistics of Logistics story. Joe is Founder and CEO of The Logistics of Logistics , a media property that provides valuable insights from logistics and supply chain leaders on various topics related to the industry, such as innovation, technology, trends, and the future of freight.
In this article, we will discuss why benchmarking is so important, how it works, and how you can use it to maximize your efficiency when shipping goods. Final Thought Benchmarking your freight rates is an essential part of running a successful business in today’s increasingly competitive environment. What is Benchmarking?
Already upended for two years by the COVID-19 pandemic, the worldwide logistics industry is facing new challenges. The energy crisis in China and the European conflict are bringing additional chaos in the form of production shutdowns, raw material shortages and blocked shipping lanes.
Moody’s has weighed in on two logistics providers in recent days, and the word from the influential provider of debt ratings was positive both times. freight brokerage market will continue to drive solid and consistent results despite a difficult operating environment, including flat volumes and weak pricing dynamics.”
In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2022 and see what our readers found to be the most interesting. Top Five Transportation Trends ; Chris Cunnane.
Nonetheless, a smooth and effective post-purchase experience is essential to the success of any e-commerce venture, and domestic shipping is a vital component of this procedure. Shipping affects a customer’s opinion of your brand and level of happiness from the minute they click “purchase” until they receive their goods.
When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. It’s an apt metaphor for ocean shipping these past many months. And the list goes on.
Shippingfreight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. Billing inaccuracy and payment challenges are massive problems in the logistics industry.
And now for this week’s logistics news: Walmart Adds Truck Powered by Compressed Natural Gas to its Transportation Fleet CMA CGM offers $5.5 billion for Bollore logistics unit Retailers Tackle Cardboard Overload With Made-to-Fit Boxes Robust.AI billion) for the logistics unit of Bollore.
More Resources Home Bridge the Gaps: How AI Unites Fragmented Logistics Tech Eytan Buchman September 18, 2024 Logistics and technology both share a common challenge—the biggest hurdles are often in the seams. Let’s explore based on recent contributions to Freightos’ popup AI in Logistics newsletter.
While uncertainty persists across key markets, Maersk continues to provide stable, reliable logistics solutions across ocean, air, inland, and customs services. YoY increase, supported by seasonal demand and proactive shipping to avoid tariffs. Maersk Middle East situation update. Globally, IATA reported a 5.8%
If you are a product manufacturer, you know all too well the perils of shipping products from your factory or warehouse to a DC or retailer. Packaging and product damage during shipping is extremely common. In this article, we have highlighted the most common, but often overlooked elements to consider. Trucking Logistics.
However, sustainability in logistics goes well beyond these initiatives. Today’s article is the third part in a series featuring surveys from APQC on supply chain topics including last mile and digital transformation. Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability.
Rethinking the Freight RFP Process. Once a year, shippers and carriers begin the arduous freight RFP process, when shippers send out request for pricing (or proposal) for contract rates to their list of trucking companies. It is why many companies are rethinking the freight RFP process.
How Shipping Can Help Save The Planet. But to be honest, the shipping industry is as much of a culprit. If we take a closer look, we can see that global aviation, including domestic and international; passenger and freight accounts for 2.5% First of all, the shipping industry today is enormous. Size Matters.
A version of this article originally appeared on JOC.com. . In itself, that’s a big deal, but its significance is compounded when you consider the trucking shipment volumes such a move will require; it’s essentially jet fuel for their new freight brokerage business. Regulating Amazon…Because Freight.
But decisions about how many barrels to produce or how many ships to sail have to be made in advance. But spiking rates led many ocean carriers to skyrocketing profits while the drop in trade volumes led to bankruptcies, bailouts, and financial pain for most other parts of the logistics industry. Is ocean freight pricing broken?
My goal of consistently writing weekly was short-lived due to back-to-back conferences, but I’ll get back on track this week with two articles. However, transportation and logistics costs can be prohibitive. As such, many SMBs turn to online platforms to sell products and for transportation and logistics assistance.
Yesterday Freightos announced a private beta version of its online instant freight quote marketplace. So obviously, being freight rate nerds, we got to wondering: How much would the logistics of shipping the iPhone 6s from China to the U.S. Here’s how calculated the iPhone 6S shipping costs. cost Apple?
Subscribe Shipping Containers! Infographic) Shipping containers have left a mark on the supply chain industry and beyond. Learn more about how shipping containers revolutionized the supply chain industry in this blog. Supply Chain Optimization Shipping containers played a pivotal role in optimizing supply chains.
The Top 5 Impacts of Artificial Intelligence (AI) in Logistics! Better inventory management, intelligent manufacturing, flexible logistical systems, and real-time delivery controls have all been made possible by the use of artificial intelligence (AI) in the supply chain and logistics.
Crowley announced the launch of its first-ever shipping route connecting the U.S. This expansion of ocean shipping services marks a significant step for Crowley, the U.S.-flag Find more articles by Stuart Chirls here. Northeast with Central America.
Now is the Time for Manufacturing to Look at Logistics Efficiency. By adopting a logistics efficiency management approach, logistics related costs as a percentage of sales drops to 4% to 7% depending on industry sector. And we have also written a comprehensive guide to why you should outsource to a third party logistics company.
This is a huge step in our journey to digitalize global freight and build a more modern foundation for world trade. Crossing one million bookings annually in 2023, we’ve made significant headway in digitizing spot freight pricing and bookings, especially in air cargo.
Developed under the auspices of the International Maritime Organization (IMO), the Convention mandates that ships at the end of their operational lives must be recycled in a safe and environmentally sustainable way.
Greener Shopping and Shipping: The Rise of Carbon Neutral e-Commerce Delivery. There is a long way to go, particularly for brands whose products are shipped thousands of miles to reach overseas customers, requiring air freight transportation to keep within acceptable delivery times.
The Logistics Trend Behind The Latest Trend. Contributed Article. He writes content for many of the world’s largest logistics companies, as well as on his own blog site. And yet, the mechanism behind this, the business of logistics, is underappreciated. Even Amazon lost a reported $7B on shipping in 2016.
According to a recent article in Forbes , 48% of consumers today prefer a hybrid shopping model that combines online and in-store components. Navigating an Increasingly Challenging Logistics Landscape. It’s challenging for logistics providers to keep up, even in perfect supply chain conditions. The next step?
The Green Corridor – Logistics’ Role In Preventing The Next Pandemic. I’m not talking about how shipping and logistics are key in keeping the supply chain connected during global health crises so we can keep essential supplies like medicine, food, and toilet paper moving. How Shipping Can Help Save The Planet.
In an increasingly globalized world, logistics and transportation have taken center stage in the successful operations of businesses worldwide. Emerging from the shadows of standard methods, custom logistics and transportation platforms are shaping the future of the supply chain industry.
Given low inventories and dwindling spare capacity, the oil market cannot afford large supply disruptions,” said UBS analyst Giovanni Staunovo in a Reuters article. Carriers, freight forwarders, and shippers that were dealing with the China to North America trade lanes were already operating in crisis mode.
Today’s article is from GlobalTranz and explores white glove services in transportation management. In logistics, not all shipments are equal. There are tiers for rates, mode, and freight class, but there’s another layer of logistics. As far as figuring out what carriers offer, that’s the real trick of modern shipping.
percent of the nation’s freight by weight. And just how much is that freight weight? billion tons of freight (primary shipments only) was transported by trucks in 2022. I am not including multimodal in this article as it is performed by at least two modes of transportation which could include air, ocean, or rail.
As with the logistics category where we featured 15 most popular blog posts vs. the 10 we covered in the top manufacturing blog posts and supply chain blog posts , we write so many transportation blog posts in that category, we are going to feature the 16 most viewed transportation blog posts. Read the Full Blog Post.
There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. For example, DHL analyzes 58 different parameters of internal data to create a machine learning model for air freight. In general, the predictive analytics solutions in logistics and supply chain are on the rise.
Improve Goods Flow By Outsourcing Logistics! Outsourcing logistics can provide numerous advantages for businesses of all sizes. While outsourcing any business function requires careful evaluation, logistics is an area where outside expertise and resources can offer a significant return on investment.
US trucking freight activity fell sharply, by -13.8% compared to the fourth quarter of 2024, according to the latest US Freight Payment Index , which measures changes in both the levels of freight shipments and related spending activity based on transaction data. Year-on-Year (YoY), and by -5.8% YoY and -2.5%
The Factory Gate Pricing (FGP) and Primary Freight (PF) strategies, as adopted by major grocery retailers, are causing a shudder up the spine of many retail suppliers. What are Factory Gate Pricing and Primary Freight strategies? Otherwise known in shipping terms as FIS (Free Into Store).
The Port of Los Angeles has signed a Memorandum of Agreement to generate more export traffic for the port from California’s Central Valley through an agreement with the city of Shafter and the developer of a logistics hub there. Central to the agreement is the Wonderful Logistics Center , a 3,400-acre development in Shafter, Calif. —
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