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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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Is your freight invoice accurate? A new study claims it might not be.

The Logistics & Supply Chain Management Society

Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.

Study 246
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Blue Yonder is a Gartner® Magic Quadrant™ Leader 13 Years in a Row

BlueYonder

As an example, the Transportation Manager at Kimberly-Clark discussed the results their company has achieved with Blue Yonder: “Blue Yonder transportation management immediately began generating up to $14 million a year in freight cost reductions in North America compared to our previous manual methods.

Gartner 85
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Pandemic Underscores Necessity of TMS and Other Supply Chain Tech Tools

Supply Chain Collaborator

Here are three reasons why logistics management software like TMS, YMS Freight Audit and others is essential to the survival of business during events like global pandemic. Freight charges to ship oil in Suezmax tankers… have in some cases increased ten-fold amid a shortage of very large crude carriers (VLCCs)…”.

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The Great Maersk Shift

Freightos

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Freight Game of Thrones.

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Logistics Procurement – Performance Management

The Logistics & Supply Chain Management Society

Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?

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Responding to the 2023 IMO GHG Strategy

The Logistics & Supply Chain Management Society

The framework covers: freight traffic intensity choice of freight transport mode capacity utilisation energy efficiency switching to low carbon energy There is no “silver bullet” instead a bundle of decarbonisation enablers needs to be activated. Open source is a way to spread the benefits of these technologies.