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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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Your 2022 US Ocean Cargo Outlook

CHAINalytics

Because of fourth quarter volume surges, ongoing congestion at ports around the world, and 2021’s (and first quarter 2022’s) limited container availability, demand has outpaced available capacity. Predictably, short-term capacity remains at a premium. This is the second post in a three-part series.

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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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Finding Trucking Capacity by Rapidly Onboarding New Carriers

Turvo

In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions. On normal days, this can be challenging enough.

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Flexibility in the Face of Uncertainty

Freightos

However, interestingly enough, in today’s global freight environment, shipping from China to Los Angeles by ocean freight and following that up with air cargo shipments to Europe may actually be a more viable route. In other words, ocean cargo costs would cost about $0.21/kilogram kilogram to Europe. Total blended cost?

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

Freightos

Despite these efforts, to date the attacks continue, pushing most major carriers representing over 60% of global container capacity, to alter their routes. In other words, while demand was dropping, supply of capacity was increasing. In other words, this is a far cry from 2021 and its dramatic capacity shortage.

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Back to Logistics Tech School, 2022: the Lost Peak Season, the lingering COVID impact and more

Freightos

With the flipflops being pushed to the back of the closet, email auto-responders being reluctantly turned off and thoughts about procurement, market intelligence for 2023 tenders and Golden Week emerging, now is an ideal time for supply chain professionals to catch up on what they missed. Changing Trends in BCO Air Cargo Procurement.

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