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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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Logistics Procurement – Performance Management

The Logistics & Supply Chain Management Society

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. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.

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Flexibility in the Face of Uncertainty

Freightos

With more easily accessible data and bookings, alternatives to, yes, historically alternative routes suddenly become far more viable. In other words, ocean cargo costs would cost about $0.21/kilogram Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged.

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Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Tenders can take BCOs (Beneficial Cargo Owners) three to five months of preparation, but despite this, the fixed price often breaks down during peak season. But Does Fixed Ocean Price Procurement Need Fixing? We never looked back.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

Exploring alternative shipping routes and modalities, including air cargo, is crucial despite the higher costs. They should monitor the evolving geopolitical situation and adjust their shipping strategies accordingly. Budgeting for fluctuating rates and remaining abreast of carrier negotiations are essential strategies for navigating 2024.

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How a 3PL Empowers Shippers With LTL Transportation Stability

GlobalTranz

Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing. Increase Stability of Transportation Procurement and Management by Partnering With GlobalTranz. Fewer labor resources are available to meet the rising demand in both the warehouse and in transit.

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The Impending Ocean Carrier War on Last Mile Fulfillment

Freightos

On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. Image via StarAir.dk). Behind the Maersk shift. One goal, two different motivations.