This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Last year there were widespread strikes of ports on the East Coast, they were halted by a bandaid solution but the United States Maritime Alliance is set to resume contract negotiations on January 7th. The facility aims to reach full production capacity by the end of 2028. As the year marches on, you can count on weekly updates here!
The adjustment comes after months of negotiation and removes uncertainty for automakers that had been planning around steeper costs. Direct Implications for Supply Chains Japanese OEMs, most notably Toyota, had been absorbing additional costs to remain competitive in the U.S. based manufacturers are watching closely.
The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supply chains. Vehicle production costs in the U.S. Negotiating supplier contracts for localized parts production in the U.S.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. It handles everything from rating and booking to shipment management, invoice auditing, and beyond. Ready to Transform Your Freight Operations?
Shippers that rely on imports have obviously been among the first to feel the financial strain as rising costs disrupt supply chains and profitability. Companies now must make strategic decisions regarding pricing, shipping, supply chains and overall logistics. The newly implemented 2025 U.S.
When tariffs rise, fuel prices spike or international trade agreements shift, those cause ripples across all freight modes — truck, air, rail and ocean. They offer flexible service and cost-effective pricing, especially for domestic shipments. But that speed comes at a cost — and not just financially.
June 10, 2025 Blog Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 98% to $5,488/FEU. Asia-US East Coast prices (FBX03 Weekly) increased 61% to $6,410/FEU. Europe prices (FBX11 Weekly) increased 17% to $2,757/FEU. America weekly prices fell 1% to $5.27/kg.
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. It is called strategic because it replaces traditional ad hoc approaches to sourcing, which were almost entirely focused on cost savings, item by item.
Jones Act regulations, limited carrier options, capacity constraints, inter-island transfers and price rigidity all make Hawaii a challenging edge case for shippers that requires bespoke strategies and careful thinking. A second layer of pricing. Negotiating the final mile. Drayage is another complication.
Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time. When decisions for either procurement or SCM are made in isolation, organizations can miss out on cost savings, end up with excess inventory, or experience delayed deliveries.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. It handles everything from rating and booking to shipment management, invoice auditing, and beyond. Ready to Transform Your Freight Operations?
Think of volume leverage like having a stronger negotiating position when you’re dealing with larger quantities. Here’s where it gets interesting – volume leverage isn’t just about getting better prices (though that’s certainly part of it).
Strategic Sourcing Simplified: Best Practices for Maximizing Value Strategic sourcing goes beyond cost savings its about making informed decisions that drive long-term value. Since reverse auctions focus heavily on price competitiveness, this can be easily done with sourcing software tools.
Businesses can gain a clearer understanding of current market conditions, such as whether rates on a lane like Chicago to Dallas are spiking due to tight capacity or dropping due to oversupply. This visibility supports better negotiation with carriers and helps avoid overpaying.
Companies importing and exporting goods, be it finished retail products, manufacturing components or materials, now face substantial cost and price pressures that squeeze margins and force difficult pricing, sourcing, operations and distribution decisions. The result?
We welcome Shippers to join Emily Stausbll, Xeneta Senior Shipping Analyst, for a roundtable discussion to unpack: Global market insights and trends for Ocean Freight Impact of the new alliances on capacity, schedule reliability and freight Geopolitics and other on-going global events and their impact on supply chain including how new U.S.
Definition: Vendor relations is a strategic practice of cultivating productive, long-term relationships with suppliers. When done right, it’s beneficial for both sides: vendors get a reliable client, while companies benefit from a stable supply chain, consistent product quality, better pricing, and room to grow and collaborate.
Simplify, Synchronize, Succeed Gain consolidated visibility into rates, capacity, and market shifts. Our data showed that over 90% of enterprise shippers had to reroute shipments during this period, with an average cost increase of 35% per container. Rate sheets become obsolete almost as soon as they’re negotiated.
For now, most country-specific import tariffs are paused while long-term deals are being negotiated, with deadlines coming up in July and August. West Coast ports have fallen sharply in recent weeks on weaker demand following an initial surge as liner operators rushed to restore vessel capacity during the tariff pause. in June, 2021.
It means that the sole-source supplier controls the price and terms, which is often called a monopolistic supplier. At its core, single sourcing is about nurturing a close partnership that delivers benefits such as better pricing, steady quality, and improved communication flow. What is sole sourcing?
Midwest, driven by geopolitical friction, rising overseas costs and the need for supply-chain resilience. imposed tariffs of up to 25 percent on select imports from Canada and Mexico, illustrating how political shifts can instantly affect supply-chain costs. Advances in automation further narrow the labor-cost gap.
They can proactively identify risks, optimize processes in real time, and even negotiate supplier contracts without human oversight. These AI agents leverage real-time data, predictive analytics, and generative AI to enhance resilience, reduce costs, and improve overall efficiency in AI-driven supply chain resilience.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. This evolution reflects procurement’s growing role as a strategic business partner.
From cost fluctuations to sustainability requirements, understanding and addressing these hurdles is essential for smooth logistics. Fluctuating Raw Material Costs The costs of key materials like resin for plastics or pulp for paper are subject to market volatility.
The Supply Chain Matters blog provides perspectives relative to despite having a tentative back-to-work wage negotiation, the outstanding issue of port automation provides added concerns for global industry supply chain teams. ILA President Harold Daggett’s emphatic “ no automation ” line in the sand reportedly points to a tough negotiation.
Effective supply chain management aims to minimize costs, reduce delays, and enhance overall project performance by streamlining communication and collaboration among suppliers, contractors, and project managers. Strategic partnerships and co-investments lead to evident efficiency enhancements and risk diminishment.
Join us at OTM Sig The enhanced SONAR and OTM integration, transforms benchmarking from a backward-looking report into a proactive strategic tool. Currently, 14 shippers have joined SCORE , representing $9B in transportation insights, with 34 more in legal reviewing totaling over $100B in potential contributions.
Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more. Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain.
Closing this deal positions SkyWater to expand its production capacity to meet the increasing demand for domestically produced semiconductors in the United States, which has become a critical area of focus for the U.S. The acquisition of the Austin facility represents a strategic inflection point for SkyWater Technology.
Time-Consuming Sourcing Events: The manual creation of Request for Quotes (RFQs) was labor-intensive, detracting from strategic procurement activities like negotiation. Performance and Capacity Tracking: Evaluating supplier capacity and performance lacked the streamlined infrastructure to ensure consistency and effectiveness.
With today’s growing cost pressures and increasingly complex supply chains , quick fixes no longer cut it. Category Management (CM) is a strategic procurement approach that groups related purchases into categories to manage each as a strategic unit. High-cost drivers , such as low-volume purchases or overspecified items.
More output with lower costs—that is the promise of optimization. When approached strategically and holistically, optimization efforts compound over time to yield a formidable competitive edge. Look for patterns indicating bottlenecks, waste, and areas falling short of capacity.
Their responsibilities focus on going beyond cost reduction and achieving broader business goals such as growth, innovation, and customer satisfaction. As procurement and supply chain leaders seek to optimize performance, collaboration with suppliers becomes a strategic tool for creating value for the business.
By understanding what it means to become a preferred partner to transportation providers, shippers can optimize their supply chain and gain a strategic advantage. Better Rates and Cost Savings When capacity is tight, carriers naturally prioritize their most desirable customers. What Is a Shipper of Choice?
Outsourcing logistics allows companies to leverage these advanced systems and data analytics capabilities without the high costs of ownership. However, building excess capacity or maintaining resources internally to handle spikes in volume or rapid shifts in customer requirements is usually not feasible.
For freight shippers, this increased demand may mean higher rates and tighter capacity. Many courier companies are seeing increased demand, which could mean longer processing times and probably higher costs. You should book your shipments early to make sure you don’t encounter any capacity issues from carriers.
From Order Fulfillment to Strategic Value Creation Partner This realization is relatively new and comes with a fundamental shift in how the role of procurement is understood. Procurement professionals are increasingly evolving into strategic value creation partners. Yet its still not commonly perceived as a true driver of value.
Brandon Daniels: One of the things that generative AI is doing is it’s making it so procurement and supply chain people are able to bridge a skills gap. Artificial intelligence is making it so that we can bridge that skills gap. And that’s where this 10x of capability and capacity really comes out and provides results. “We’re
Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities. A procurement competency framework defines the skills and capabilities needed for procurement professionals within a specific organization.
Despite that, customers expect low cost — ideally free — shipping and rapid delivery. As a result, many are leveraging multi carrier shipping software to reduce costs without reducing customer service. AUTOMATED ROUTING You can increase logistics cost effectiveness with automated routing.
After Boeing and its machinist labor union negotiating team came to a second tentative agreement on proposed wages and benefits, labor union members voted yesterday to once again reject the company’s latest mediated contract offer. The ongoing strike is costing the company upwards of $1 billion per month according to multiple reporting.
These tools turn raw logistics data into actionable insights that drive efficiency, reduce costs, and improve performance across the entire supply chain. Turvo’s platform, for example, offers real-time insights into carrier performance, cost per lane, and shipment status. This is where logistics data analytics tools come in.
How o9 Supports Integrated Supplier Risk Management and Collaboration The o9 platform enables both these use cases by leveraging the power of a supply chain digital twin, or Enterprise Knowledge Graph (EKG). For immediate disruptions, Capacity Collaboration and Inventory Collaboration make the extent of the issue visible.
Definition: Procurement transformation is the strategic overhaul of how a business buys goods and services. It aims to make the entire process more efficient and effective but also more valuable as a strategic asset that helps the company achieve its goals. Procurement used to be mainly about reducing costs and handling purchases.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content