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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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How a 3PL Empowers Shippers With LTL Transportation Stability

GlobalTranz

No carrier or mode has been excluded from the increased demand of e-commerce and a customer base that’s anxious for a return to normalcy, including the LTL transportation sector. Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing. State of the LTL Market. GlobalTranz?today.

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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 The interesting shift here, though, is that there’s a whole world of alternative shipping routes. kilogram to Europe.

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Managing transportation in times of tight capacity and high rates

Cathy Roberson

Technology is playing a big role but one area, in particular, that I’ve always found interesting is transportation management services (TMS). No matter the mode of transportation a shipper uses, the shipper is paying more for it, that is, when they can find space. TMS has come a long way since its early days.

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. The focus of the transportation suites was on cost mitigation and price negotiation. Procurement: Purchase price variance and procurement cost.

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Two Modes, Split Roads

Freightos

Looking beyond digital waybills to digitalizing business processes, we always like to focus on bookings as the bellwether of digitalization. Instant eBookings on the Freightos platform have enjoyed a staggering compound annual growth rate (CAGR) of 272% in the last 3 years, with growth dominated by airline bookings. Time and money.

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A ‘Beached Whale’ in the Suez Canal: Stuck Working Capital

NC State SCRC

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. Because procurement executives were so focused on cost, they did not worry about shipment velocity. It may take weeks, by some estimates.