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Containerized shipping joins modern financial world with CME futures

Freightos

Conversely in 2021 when rates were sky high, suddenly companies that had negotiated fixed rates couldn’t get their cargo on the ship without paying an extra premium surcharge. We refined our data, limiting it to actual pricing used by logistics service providers to ship containers, to ensure validity. But seriously, what does it mean?

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Supply Chain KPIs & Metrics: Our Top 24 for Manufacturers

Silvon Software

Here are 24 that Silvon has used with clients across various manufacturing industries to help them drive better supply chain performance. Supply chain costs typically range from 10 percent to more than 20 percent of revenue, based on industry. 60% to 70% is considered a good benchmark of inventory levels.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. In consumer goods industries, better forecasting leads to lower fines from retailers for late or incomplete deliveries. This increases sales.

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Shipping Technology: Non-Tech Savvy Shippers Lose Advantage Over Time?

GlobalTranz

What happens when shippers simply forgo implementing shipping technology, and how can shape their future demise? Shippers Must Weigh In-House Versus Off-the-Shelf Shipping Technology Solutions. The first struggle with implementing shipping technology in an enterprise goes back to considering in-house versus outsourced tech solutions.

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15 Types of Manufacturing Software (+ Who Benefits from Each)

Unleashed

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? How a large manufacturing business might structure its IT system.

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Untangling The Tangled Web We Weave

Supply Chain Shaman

When I walk into a room at most Fortune 500 manufacturers, I am amazed at the loss of collective understanding of the principles of supply chain planning. The industry is getting less value of supply chain planning than in the 1990s when the platforms were first defined, and supply chains were regional. The problem is simple.

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Does Perfect Customer Service Make Sense?

Logistics Viewpoints

Ronan Stephens, the Senior Vice President of Supply Chain Management and External Manufacturing, explained how the company set out on a journey to improve customer service while also reducing costs. Further complicating their supply chain is the fact that they operate in a heavily regulated industry.