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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.
The report mentions the freight recession, but is largely silent on the impact on business resiliency. While we have end-to-end transactional processes (order to cash and procure-to-pay), there is no end-to-end planning solution. E-commerce was a key driver of growth, contributing to retail sales of $6.3 What is the fog?
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.
The Approach to Effective FreightProcurement 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.
Also in road freight vehicles, battery-electric or hydrogen-powered drivetrains are close to market launch. This article sheds some light on sustainability considerations at the carrier-shipper interface by analyzing recent survey data. Most of the shippers procure their transport through long-term contracts with selected carriers.
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.
The importance of integrating data as well as the multiple tools that BCOs or forwarders are already using or adding to their stack as explored in a previous FreighTech24 article is key to realizing the efficiencies that tech promises.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
Shipping freight 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. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.
Freight Truck Shortages Are Changing The Face Of Logistics. Original article: Freight Truck Shortages Are Changing The Face Of Logistics. It is one reason experts on logistics are following the autonomous freight truck market and new approaches to freightprocurement closely. There is a driver shortage.
In today’s fast-moving supply chain environment, data is as valuable as the freight itself. In this article, we explore why real-time visibility and accurate data are essential for optimizing transportation spend — and how verified, audit-backed data can unlock smarter planning, tighter cost control, and stronger carrier relationships.
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.
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.
Instead, Blue Yonder found that the most highly deployed technologies are real time tracking, data cloud analytics, and data cloud supply chain management, which will be key in addressing data siloes and connectivity.
“ Make sure you read our 2022 Top 10 articles, along with a bonus article, which are amongst our best ever! We will start off our Top “10” list with a Bonus article. This article was published later in the first half of the year. Our 10 Best Articles! Our 10 Best Articles!
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels.
I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation.
Unifor claims that the company is pushing to implement changes to pay systems that would have drivers travel more than 60 miles to get to their routes or pick up freight with no compensation. Hunt, BNSF and GMXT Launch Intermodal Freight Delivery Service in Mexico More from this author Subscribe to our Daily Newsletter!
Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit.
A few weeks ago, I wrote an article on the benefits of time slot management. In that article, I highlighted the importance of the network effect on time slot management and related technologies, as well as the main benefits of a time slot management application. This is important for reducing carbon emissions.
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This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Freight Management. Purchase Order Management.
For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. to less and 0.5%.
Featuring Our Top 16 Articles on Freight and Logistics! In shipping and logistics, building strong relationships with your freight or carrier company is often underestimated. Moreover, finding a reputable freight company that ticks all the boxes of what you’re looking for can often be a considerable challenge.
This article is from Chetan Chaudhari at GEP and examines the ongoing aluminum can shortage. This shortage is the culmination of various ongoing issues – geopolitical tensions related to the Russia-Ukraine war, the rapid shift in consumer buying behavior and container freight availability. To read the full article, click HERE.
This article explores how supply chain innovation is a competitive differentiator that allows hungry young companies to disrupt established industries and reach dizzying heights of success. Smart contracts – Blockchain-based smart contracts increase procurement efficiency and transparency.
10 Tips To Be A Successful Freight Broker! The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. The terms freight broker and freight agent are often confused in the cargo and shipping sector. What Does A Freight Agent Do?
Primary Event: Sourcing & Procurement USA 2025 YouTube URL: [link] Précis: Three-quarters of global businesses expect escalating costs and 85% see prices heading upwards in current environment, leading to companies prioritising new markets and sourcing from nearby markets Premium`: Freemium`: Channels: Supply Chain Logistics CEO Focus Freight CSCO (..)
Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. 17% went bankrupt, went private, or were acquired.
According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.
Does your supply chain depend on container freight shipping? At Logistics Bureau, we have supply chain consultants available to help you improve volume forecasting and attain the most favourable container freight rates possible, even during this period of pandemic-induced turmoil. Adjust to a Carrier-centric Freight Market.
For example, the report urges us to rethink just-in-time ordering, because “the global semiconductor shortage has highlighted the pitfalls of procuring parts right at the moment they’re needed”. Much of the report is in line with my own view of resilience.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
Last Mile Delivery Freight Forwarding/Customs Brokerage LTL/Truckload Services Education & Professional Development HR & Labor Management RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox. Josh Turley is CEO of RTA.
Featuring Our 10 Best Inventory Management Articles! Our latest “Featuring” series article covers the topic of Warehouse and Distribution Centre order fulfillment. So take some time and check out our very best Warehouse and Distribution Centre fulfillment articles! Featuring Our 12 Best ProcurementArticles!
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Timely, incisive articles delivered directly to your inbox. Hunt, BNSF and GMXT Launch Intermodal Freight Delivery Service in Mexico Freight Forwarding/Customs Brokerage The Top 8 EDI Myths - Debunked! Featured Product Popular Stories J.B.
DOWNLOAD NOW RETURN TO THE ARCHIVE Featured articles from this issue: h6 The Approach to Effective FreightProcurement 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
Questions that keep Supply Chain Managers up at night article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. Are you preparing for your freightprocurement negotiations ? Do you have the data you need to identify improvement areas in your freightprocurement strategy?
Digital Procurementarticle and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.
and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Michael Leto is Co-CEO at Emerge , a company that is reinventing freightprocurement (RFP).
Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Use of Freight Rate Benchmarking.
It is not just Procurement, Warehouse Management and Shipping. I worked in Materials Handling, Warehouse Management, Resource Planning, Industrial Engineering, I/T, Procurement, Manufacturing, Operations, Executive Leadership, Distribution, Freight Management, Reverse Logistics, Customer Experience and Order Management, and much more.
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