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Containerized shipping joins modern financial world with CME futures

Freightos

While this may have been innovative in the 70s, futures are now a central part of how multinationals plan to minimize the risk of price volatility. 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.

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Logistics, Innovation, and the Future

Enterra Insights

If consumers ever think about supply chains and how the items they desire manage to find their way into their homes, they likely picture fleets of trucks, trains, airplanes, and cargo ships — the logistics part of supply chains. ”[1] He believes all of these innovations are good things. ”[2]. Technology is getting lighter.

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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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Untangling The Tangled Web We Weave

Supply Chain Shaman

As for MEIO, I was excited to see some innovation in the space, but the creativity was short-lived. The most innovative of the technologies were quickly acquired, and the promise waned. What has changed are brief innovation periods to create better engines. innovations and challenge conventional thinking. The reason?

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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. It is important to benchmark forecast accuracy and similar supply chain metrics against your peers. In conclusion, the mindset of an organization matters.

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Best Practices in Supplier Risk Management

Logistics Viewpoints

APQC has conducted benchmarking and best practices research on supplier risk management. APQC is a nonprofit organization focused on benchmarking, best practices, performance improvement, and knowledge management. Brown made was that organizations need embrace the opportunity for innovation. Check your contracts.

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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Knowing the cargo, the packing, and shipping requirements will enable the team to select the most suitable supplier from the database. Use of Freight Rate Benchmarking. Freight rate benchmarking and market intelligence will greatly assist you irrespective of the size of your business. Freight Shipping Intelligence.