article thumbnail

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.

article thumbnail

The State of the Trucking Market in 2021

GlobalTranz

Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Download the White Paper: Over the Road Freight Management Trends. Reducing Reliance on Outdated Systems and Technology.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A ‘Beached Whale’ in the Suez Canal: Stuck Working Capital

NC State SCRC

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. Because procurement executives were so focused on cost, they did not worry about shipment velocity. It may take weeks, by some estimates.

article thumbnail

Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

GlobalTranz

Editor’s Note: We continue our collaborative blog series with Ben Goldwasser of Spendrix, a company who helps shippers determine which carriers operate best in certain regions, and conditions, allowing you to be more thorough. In addition to securing cargo, also evaluate how well your carrier’s equipment is being maintained.

article thumbnail

Blockchain for Bill of Lading – A Much Needed Update to the Traditional Bill of Lading for E-Commerce?

GlobalTranz

Reduction in costs and hassle associated with cargo insurance claims filing and processing, says CargoX Founder and CEO Stefan Kukman. Use for transparency and traceability for buyers, marketplaces, sellers, and consumers, unifying the history of a product from procurement to end-users, as well as throughout returns, if necessary.

article thumbnail

2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

GlobalTranz

Freight/Container Loading: Augmented reality could replace the need for a physical cargo list and load instructions. 2016 Supply Chain Trend #6: Procurement’s New (read Bigger) Role in the Supply Chain. None of those strategies work without a strong procurement practice that is integrated with other supply chain processes.

article thumbnail

Supply Chain Capacity in Ocean and Air Subject to Uncertainty Thru Recovery

Intelligent Audit

However, power is knowledge, and shippers who rely on data and transportation analytics to serve as a decision-making guide can make smarter transportation procurement decisions. The infusion of technology, especially analytics, then spawns a company culture focused on continuous improvement.