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
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,
auto parts are sourced from Mexico, making the tariff impact immediate and severe. Exploring alternative shipping routes via Gulf Coast ports to bypass land border congestion. Fast-tracking partnerships with alternative logistics providers to bypass Chinese ports and avoid tariffed shipping routes. Approximately 40% of U.S.
In 1966, HEINEKEN became one of the first Dutch companies to adopt container shipping. Decades later, they would debut a climate-efficient shipping route between their brewery and the port of Rotterdam. Can you tell me about HEINEKEN’s AIMMS-based Brewing Capacity Model? HEINEKEN is a very de-centralized company.
The capacity crunch has been a core concern of shippers for several years, but as 2018 draws closer to the holiday shopping season, it will become a bigger problem. LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable. In a Nutshell The shipping surge will continue.
Prices to the East Coast climbed 60% to $6,410/FEU with the latest daily rates above $7,000/FEU, with rates on both lanes about even with levels a year ago when Red Sea-driven capacity restraints combined with an early peak season rush ahead of the ILA port strike threat to push prices up.
Companies now must make strategic decisions regarding pricing, shipping, supply chains and overall logistics. Below, we provide nine tips to optimize your shipping and tell you how a third-party logistics (3PL) provider can help you during these difficult times.
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Simplify, Synchronize, Succeed Gain consolidated visibility into rates, capacity, and market shifts. The Red Sea crisis demonstrated how quickly shipping routes can be compromised, forcing immediate rerouting decisions. – Paolo Galli, VP Group Logistics Operations at Electrolux. This insight wasn’t merely theoretical.
Table of Contents ** Minutes What is product sourcing? Where can I source products from? This makes it essential that buyers understand where they are sourcing their products from and how that ultimately affects their brand. What is product sourcing? Where can I source products from?
We didn’t know how long COVID-19-related shutdowns, and the ensuing port congestion and crunch on carrier capacity, would last. It now seems that port congestion and capacity issues will persist throughout the year. This is where visibility to suppliers and new souring options becomes critical.
The sales team can go have those conversations, with real-time lead times and even the factory the product will ship from, with customers. It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. This allowed us to plan our manufacturing capacity more effectively.
A resilient supply chain incorporates alternative sources, carriers, routes, and other characteristics so that it can flex in response to a situation. To increase resiliency, consider broadening the supplier base and adding local or near-shore sources. Pricing may vary significantly based on carriers and lanes and capacity constraints.
When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. It’s an apt metaphor for ocean shipping these past many months. And the list goes on.
Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.
When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Forecast Demand?with?Analytics. a shipment?doesn’t OTR transportation optimization?is
Developed under the auspices of the International Maritime Organization (IMO), the Convention mandates that ships at the end of their operational lives must be recycled in a safe and environmentally sustainable way.
But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. 18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen.
Shipping packaging materials comes with its own set of challenges that can disrupt operations and impact profitability. Negotiate Carrier Contracts : Lock in stable shipping rates with carriers to mitigate unexpected cost spikes. This unpredictability can create capacity challenges and increase transportation costs.
Three months into 2025, we have seen a barrage of on-again, off-again tariffs that have supply chain and logistics teams reeling, as they must rethink everything from next weeks shipping route to their foundational network models. The Ukraine-Russia conflict is ongoing.
Source: J.P. But cross-border trade is an important part of the global economy and much of this trade is in physical goods that must be stored, shipped, transported, and eventually consumed. Perhaps most notable is the substantial decline in container shipping rates. Manufacturing Purchasing Managers Indexes The J.P.
As capacity continues to fall short and lead to lost efficiencies, shippers can benefit from leveraging the regional networks of an MTS provider to strengthens their supply chain. Capacity limitations and determining where capacity is and what limits may exist. The Challenges of Only Relying on National Networks. Learn More.
Shippers need to know why freight black swans are increasing, how using LTL to intermodal shipping options can reduce their incidence, and a few best practices to keep the use of intermodal from becoming a black swan itself. As a result, carriers will have less capacity and availability to handle unexpected surges in demand.
Trying to manage an effective ship-from-store program only exasperates this issue. A significant addition to our Inventory Hub® product, Dynamic Fulfillment leverages advanced optimization logic to determine what to ship, from where, in real-time, to reduce shipping costs, improve margins, and satisfy empowered customers.
Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Capacity constraints and transportation delays.
Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. VFC’s supply chain sourced over 410 million units of apparel, footwear, and accessories in their last fiscal year.
The world’s fleet consists of approximately 6,000 ships. These ships carried nearly 150 million twenty-foot equivalent units (TEUs) of containers last year. Last October, over 100 ships, including 70 container ships, were waiting at anchor or in drift zones to unload at the twin ports of Los Angeles and Long Beach.
This kind of disruption causes major dislocation in the sources of demand and shifts the centers of gravity for demand, forcing organizations to rethink their supply chain design. Increased shipping lead time: More than 6,000 miles of railroad runs through Russia and connects Eastern China with Western Europe.
Media sources are filled with prognostication. A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility. Today these factors appear insignificant.
In 1966, HEINEKEN became one of the first Dutch companies to adopt container shipping. Decades later, they would debut a climate-efficient shipping route between their brewery and the port of Rotterdam. Can you tell me about HEINEKEN’s AIMMS-based Brewing Capacity Model? HEINEKEN is a very de-centralized company.
Source: Descartes Datamyne. Afterall, today’s supply chains are complex and multi-national (think shipping distance), requiring inputs from numerous organizations across geographies, glued together by a complex network of logistics service providers. For example, on September 24, there was a new record of 157 total ships in port.
Geopolitical tensions, rising fuel costs, driver shortages, blocked shipping lanes and frequent supply chain disruptions make it tough to achieve reliable on-time delivery amid this complexity. So what are the top reasons for shipping delays? There is good news, though.
Global shipping is national news with most stories covering the symptoms. Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers. Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged.
Custom fabricators have to cope with highly varying demand cycles from many different steel sales customers, and to do that effectively they need capacity. They’re building that capacity with more equipment. Look for the steel fabrication industry to want to add capacity to gear up for the unexpected.
Supply chain organizations are now caught in the clutches of a global economy creaking beneath the weight of cargo embargoes, labor shortages, jammed ports and shipping lanes, and a pandemic that continues to evolve. Manufacturing capacity is severely diminished. Factories run the risk of closing without advanced notice.
This shift, which relies on the de minimis US customs regulation that waives direct to consumer packages worth under $800 dollars, is pushing air cargo rates up, and has significant implications for capacity, and regulatory landscapes. e-commerce customers’ love for free shipping. Utilizing the U.S.
Carton and Packing Optimization Carton optimization is a critical aspect of warehouse management, as it directly impacts shipping costs, storage space, and overall efficiency. Packing efficiently is essential for maximizing storage capacity and minimizing waste in the warehouse. With 90% of items shipped in the U.S.
Matt is the Co-Founder and CEO of popcapacity , which is dedicated to simplifying the process for sourcing warehouse space. Matt and his partner, Derek Loftus started popcapacity in 2021 with the goal of delivering frictionless 3PL warehousing and fulfillment capacity by leveraging marketplace style technology and AI.
Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.
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 Post-2016 Strategy: End-to-end Shipping.
They source plastic pellets and then use injection, blow molding, rotational molding, and thermoforming to produce their finished products. They have implemented the demand solution, supply planning, and are working on rough cut capacity – a more advanced form of supply planning. We were coming up on time to renew that license.”
One area of concern for the long-term health of the world is the use of packaging in both the manufacturing and shipping of products. For respondents at the median, 80 percent of total annual packing material consumed comes from recycled or re-used materials and 60 percent comes from renewable sources.
For example, Volkswagen is halting production at two electric vehicle plants in Germany as a result of interruptions of components sourced from Ukraine. Antonov also produced a number of slightly smaller, but still substantially large load capacity aircraft known as An-124s. International shipping has faired well so far.
The international inbound transportation service is only available to Walmart Fulfillment Services (WFS) sellers that source or manufacture goods in China, and all cargo must be shipped from Yantian, Shanghai, or Ningbo ports. And with that, I bid you adieu, and let’s move on to this week’s logistics news. Cargo imported into the U.S.
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