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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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Tight container market creating capacity issues for shippers

Turvo

What’s in this article : A crisis that is affecting the world economy – record-high shipping rates. A problem also linked to shipping companies. Record-high shipping rates are affecting the world economy. The global transportation system in 2021 is experiencing a unique and unexpected crisis.

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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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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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How Regional Networks Create Trucking Efficiency

GlobalTranz

As reported by Steve Banker of Forbes , “ When a shipper decides it needs to improve its transportation performance, it typically attempts to achieve this by either buying a transportation management system (TMS) or outsourcing transportation planning and execution to a managed transportation services (MTS) provider.”

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Shipping Container Shortage–Another Bullwhip Example

Operations and Supply Chain Management

An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%. Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers. The shortage is further exacerbated by limited air freight capacity. KEY POINTS.