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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

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.

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9 of the Most Useful Tips on How to Negotiate Freight Rates

GlobalTranz

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.

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Benchmarking your Freight Rates for Maximum Supply Chain Efficiency

Logistics Viewpoints

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?

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Ocean Risk Management part 2: Navigating Global Shipping Alliance

The Logistics & Supply Chain Management Society

Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. In this article, we explore the pros and cons of the alliance model in the shipping industry, compare the solo strategy versus alliance strategy, and provide tips on how shippers can prepare for market swings.

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Why Containerised Freight Shipping is Daunting for SMEs

Logistics Bureau

However, freight shipping is the one activity that presents significant barriers to overseas-market entry, as you may have discovered if your business is starting to look across international borders for its next step in expansion. Container Shipping Can be Tough for SMEs. Challenge #1: High Costs and Confusing Pricing.

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

Freightos

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.

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A Guide to Ocean Freight

3PL Insights

Even we have discussed the challenges logistics providers must overcome in recent articles like “ The State of U.S. Amidst all of these stories of shortages and bottlenecks, we thought it would be helpful to explain the basics of shipping ocean freight. What is Ocean Freight? What is Ocean Freight? Types of Cargo.

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