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7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain.

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Continued Disruption and Added Cost Inflation Reflected in Key Global Transportation and Logistics Indices in March and Q1 2022

Supply Chain Matters

We now add highlights of March and Q1-2022 key global transportation and logistics indices. Global and Domestic Transportation and Logistics Indices. Global Shipping. Shipping Transit Timeliness. The Flexport Ocean Timeliness Indicator tracks average ocean container shipping transit times.

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4 Challenges in Global Transportation Management

3rdwave

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. It is an important part of an effective and efficient global supply chain.

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FedEx Hikes Rates On Top of Cost and Capacity Cutbacks

Supply Chain Matters

The carrier has now announced plans to hike shipping rates 6.9 In two years, some of this carrier’s customers will be dealing with upwards of a 15 plus percentage cost increases for parcel shipping costs over that time period. For online buying channels, the thresholds for Free Shipping will again be tested. percent to 7.9

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7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain.

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Realties of Declining Global Trade and Transport Rates More Evident

Supply Chain Matters

Carriers and logistics services providers experienced windfall profit levels in their ability to leverage the constant disruptions and ship deployment imbalances into skyrocketing spot rates, added services fees, surcharges or demurrage penalties. percent decline in global trade. billion in 2022, the company estimated.”

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Are Global Supply Chains Recovering- One Perspective

Supply Chain Matters

Supply chain logistics B2B platform provider project44 produces a series termed Supply Chain Insights by project44 which extracts select data from the provider’s tracking of global transportation and logistics flows. A July edition provided two reports that responded to the question- Are Global Supply Chains Recovering ?