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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. Use of Freight Rate Benchmarking.

How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Ocean freight article and permission to publish here provided by Katherine Barrios at xeneta.com. Freight forwarders and shippers/BCO s are on a constant quest to have a better understanding of their ocean freight costs and ultimately have larger margins. Freight costs are considered by many forwarders and shippers to be a major part of their total shipment cost. Here are 15 tips for lowering ocean freight costs.

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Letter from the CEO: Coronavirus Market Update

Transplace

Spot market rates are increasing for freight going from Mexico to the California, Washington, and Oregon areas. Cargo flows and ship calls are rebounding in China. The reopening of factories in China would see a gradual return of demand, but Alphaliner noted in a recent newsletter that cargo volume recovery was expected to take a few weeks, and until normal volume is reached, carriers would continue to selectively implement blank sailings, likely until the end of March.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. Extreme weather represents one of the most significant risks to ocean freight on the globe. Procurement departments must take the full burden of ensuring supplier consistency.

Experts Choice Of Top Online Logistics Resources

Freightos

Air Cargo World. This American based niche news site specialises in air cargo. So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking. Ocean freight is split into 14! Cargo Business News.com. Freight Dawg.

Top 8 Online Logistics Tools For Logistics Professionals

Cerasis

Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. It is an advanced barcode scanner that is capable of extending bar code scanning to technology savvy inventory manager. This optimization tool for inventories is cloud based. It is one of the essential online logistics tools that can help the managers forecast, plan the inventories, and a budget for the available resources.

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The Coronavirus Is Shattering Traditional Supply Chains

ivalua

And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. Fall in demand; cashflow shortfalls due to collection challenges; port congestion; and disruptions to air cargo, trucking and rail services, affect companies globally.

Data Driven Logistics: Using Visibility for Better Customer Experience

20Cube Logistics

This helps organisations achieve efficiency and cost-effectiveness, helping them transform their supply chain processes by better forecasting and procurement planning. . Thus, enabling the supply chain not only in achieving Just In Time inventory models but also managing their sales predictions. . and achieve just in time inventory. . 20Cube Logistics is a global freight forwarding, Customs clearance, and warehousing service provider. Data is the talk of the town.

This Week in Logistics News (August 1-5, 2016)

Talking Logistics

As reported by The Seattle Times , “Amazon will fly its latest Boeing 767 widebody jet freighter, publicly revealing the new ‘Prime Air’ branded livery of its fast-growing fleet of used cargo planes” at today’s Seafair aerial display over Lake Washington near Seattle. Within two years, it expects to have 40 similar used cargo jets connecting its package fulfillment centers across the U.S. And we have more than enough package supply to utilize the 40 planes we’ve procured.”.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers. Risk pooling is considered the most important concept in supply chain management as it governs the tradeoffs in inventory management and leads to effective strategies such as push/pull and postponement.

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Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

You can’t just turn around a giant cargo ship. Once cargo has shipped, there are no “backsies.” This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory management practices. Anyone who has shipped freight by air or sea can attest to the fact that international shipping is complex — in no small part because of the rules and regulations around certain goods.

The state of supply chains: Aerospace

EFT

Mads Ravn is the US-based head of global air freight procurement at DSV Air & Sea, with 25 years career experience at the fast-growing freight forwarder. Aerospace supply chains stalled in March when Covid-19 saw airlines ground most of the world’s passenger aircraft.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

” Hard costs involve an invoice or a direct cash outlay, which could include freight payments or inventory. Therefore, it is important for manufacturers to make the right decisions that can impact transportation costs and factors that influence it like delivery lead time, fuel price fluctuations, fleet, and cargo regulations, etc. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

” Hard costs involve an invoice or a direct cash outlay, which could include freight payments or inventory. Therefore, it is important for manufacturers to make the right decisions that can impact transportation costs and factors that influence it like delivery lead time, fuel price fluctuations, fleet, and cargo regulations, etc. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether.

Supply Chain Costs: A Definitive Guide for Manufacturers

ThroughPut

” Hard costs involve an invoice or a direct cash outlay, which could include freight payments or inventory. Therefore, it is important for manufacturers to make the right decisions that can impact transportation costs and factors that influence it like delivery lead time, fuel price fluctuations, fleet, and cargo regulations, etc. Procurement costs. Inventory costs. Reducing inventory costs does not equate to eliminating inventory altogether.

What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

As many shippers front-loaded inventory in the second half of 2018—especially the fourth quarter—to avoid potential tariff increases, the market saw drastic volume increases beyond what we’ve come to expect from years’ past. Thus, going into 2019, with high inventories on imports, carriers have shown more discipline in controlling capacity than ever before. Higher inventories to avoid tariffs. Have a plan for freight once it reaches port. Procure enough capacity.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

You can’t just turn around a giant cargo ship. Once cargo has shipped, there are no “backsies.” This is why supply chain managers are always stressing over demand forecasts — something that tops the list of most critical inventory management practices. Shipping Overseas Anyone who has shipped freight by air or sea can attest to the fact that international shipping is complex — in no small part because of the rules and regulations around certain goods.

Transpacific Air and Ocean Shipping Space Is Already Tight

CH Robinson Transportfolio

Unfortunately, it’s the best way to describe what is happening right now in the air and ocean freight markets. Usually, this is roughly how a typical busy season goes: Air freight. Ocean freight. Ocean volumes gathered momentum starting the last week in June, and air freight volumes started increasing in mid-July. And, certainly, some shippers have already started repositioning their inventory in case the tariffs actually happen.

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Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Again, this might include recycling or refurbishing items damaged in storage or transit, or placing undamaged returns back into a sales inventory. As detailed in a 2017 report by Agility Logistics subsidiary Shipa Freight, businesses in the SME category—which comprises 95% of all the world’s companies and generates more than 50% of the gross domestic product in many countries—face considerable difficulties when trying to compete globally with their larger counterparts.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

The US auto industry is expected to follow suit as stockpiled inventory becomes depleted. These smart operators include: John Deere: The agricultural vehicle manufacturer says it expects to spend $40 million (USD) on expedited freight to ensure there is no disruption in supply. European electronic component distributor TTI says it is using air cargo companies UPS, FedEx, and DHL to mitigate the impact of holdups in China.

50 expert warehouse optimization tips and techniques

6 River Systems

Click on a link below to browse tips related to a topic of interest: Tips for optimizing your warehouse layout & organization Tips for optimizing your warehouse workflows & processes Warehouse inventory optimization tips Optimizing your warehouse with tools & technology Tips for optimizing your warehouse layout & organization 1. ” – Emma Sturgis, 10 Great Warehouse Optimization Tips for Small Businesses , Fishbowl Inventory 4.

Brokers "Mind the Gap" Between Spot and Contract Rates

DAT Solutions

Rates stayed low for truckload freight in Q1, and seasonal cargo is not giving rates much of a lift. That gap represents opportunity for freight brokers and 3PLs, who can procure capacity on the spot market and price it competitively. But in this environment, even the most price-sensitive shippers might prefer a freight broker or 3PL over a core carrier in some cases. Plus, freight growth has been disappointing. Freight Rates

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This Week in Logistics News (May 7-11, 2018)

Talking Logistics

Freight Operators Dismiss Threat of Digital Startups (WSJ – sub. Robinson launching a trans-Eurasian rail freight service between China and Europe. It is for freight that requires faster transit times than ocean, at twice the speed, with substantial savings over air,” said Mike Short, president, Global Forwarding at C.H. Full block train, single or multiple containers, LCL shipments and oversized cargo are available options.

Omnichannel is another Word for Complexity

Enterra Insights

” Burnson goes to note that e-commerce is having an impact on air freight hubs, maritime cargo, middlemen, and intermodal operations. And also, how much and where the optimal inventory should go so we can satisfy that customer’s needs wherever she wants to shop.”[5] There’s also the added labor, time-consuming worker training, the need to discount inventory, and additional handling and shipping fees.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. The world of supply chain and logistics is changing every day.

10 things eft’s been reading this week

EFT

Should procurement break up with Excel? Walmart launches ‘world’s largest’ blockchain-based freight-and-payment network. Cost Savings Through Effective Inventory Management. Lufthansa, Etihad leverage digital interface to capture more cargo reservations. To hear from CIOs and software leaders from brands including Maersk, Lufthansa Cargo and DHL, book your ticket to the Logistics CIO: Europe.

3 Technology Companies Disrupting Shipping

FLEXE

The speakers cover everything from air and ocean freight to trucking and warehousing. I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. Basically, responsible for ocean freight carriers, ocean ships that rely on truck companies. Nerijus: Flexport is a technology-enabled freight forwarder. It’s important to mention that our company is the first freight forward to invent a platform that allows our clients to make better decisions.

Letter from the CEO: Market Update March 26, 2020

Transplace

Inventory and manufacturing flexibility are a key component to serving this market. Spot market freight has seen an increase up to $2.13 Health questionnaires, temperature screening, and other preventative measures are resulting in some excessive delays and buildup of freight at cross-docks. LTL carriers are starting to have some backlog of undeliverable freight due to consignee closures. and EU as air freight rates have more than doubled on those lanes.