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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. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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High Ocean Freight Rates Might Spoil Holiday Season Shopping This Year

Turvo

During the holiday shopping season, sky-high ocean freight rates are major contributors that will strain the industry and shoppers alike. Other intermittent bottlenecks such as port shutdowns and freight policy changes will add to the shipping industry’s woes. Why Planning and Foresight is the Need of the Hour .

Freight 85
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Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

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

NC State SCRC

This made sense for a long time, as China’s extremely low labor costs were able to justify the money tied up in working capital, but this view has begun to change for all of the reasons we’ve discussed in our book The LIVING Supply Chain. (Our Well, what about air freight? Can’t we just pay more for premium freight.

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Towards Successful Digital Transformation – Separating the hype from reality

The Logistics & Supply Chain Management Society

Additionally, supply chain digitalisation is never a one-off exercise but rather a continuous effort. With economies on the bounce-back, logistics continues to be the backbone of modern society and with the need for a lean freight sector. Closing Thoughts. Dr. Shereen Nassar.

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This Week in Logistics News (December 4-8, 2017)

Talking Logistics

My exercise plans for the weekend are set. freight trains in federal crosshairs after crashes: GAO (Reuters). We’re supposed to get our first plowable snow of the season tomorrow, which means I need to head outside and rake and bag the remaining leaves on my lawn. Rake today, shovel tomorrow. Growing length of U.S.