Supply Chain Game Changer

OCTOBER 29, 2020

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. Use of Freight Rate Benchmarking.

Sourcing Strategies 75

Sourcing Strategies Negotiating Skills Optimal Sourcing Negotiate Pricing 75

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.?

Prescriptive Analytics Software 308

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Freightos

MARCH 17, 2019

The annual fixed-price contract is the current go-to for ocean freight procurement. But, much like the iPod, which was admittedly a great device, there’s clearly room for improvement. Source: SGX, Freightos Baltic Index. Technology rewrote industry rules and improved our listening to music. We never looked back.

Optimal Sourcing 120

Optimal Sourcing Procurement Freight Price Reduction 120

Supply Chain Game Changer

SEPTEMBER 21, 2022

10 Tips To Be A Successful Freight Broker! The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. The terms freight broker and freight agent are often confused in the cargo and shipping sector. What Does A Freight Agent Do?

Negotiating Skills 96

Negotiating Skills Freight Purchasing Skills Optimal Sourcing 96

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . In a November survey , 87% of merchants shared that they already were affected by increased freight costs. What is just-in-time procurement?

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

American Global Logistics

AUGUST 22, 2023

Air freight has evolved dramatically, especially after the pandemic. As we navigate the third quarter of 2023, it's time to examine air cargo's role in global commerce. Since then, air freight has adapted to various market demands and technological advancements. In 2020, the global air cargo market was worth an estimated $287.4

Cargo 52

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Supply Chain Game Changer

SEPTEMBER 9, 2020

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.

Optimal Sourcing 58

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Supply Chain Game Changer

APRIL 29, 2020

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. Email Address. Plan effectively.

Negotiating Skills 69

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ThroughPut

JUNE 17, 2022

Increased labor costs, declining freight rates, high demand for quick shipping with reduced bulk orders, skyrocketing carrier margins etc. are just some of the variables impacting logistics and freight operations globally. Making every mile count with AI-powered Freight Management Software – 5 Benefits.

Optimal Sourcing 52

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SCMDOJO

APRIL 9, 2024

Companies that integrate these technologies in their logistics and supply chain processes optimize their operations and set themselves up for long-term success. In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation.

Supply Chain Design Software 79

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Freightos

AUGUST 31, 2016

Bringing Freight Online With WebCargoNet And Freightos. But this story is more about a vision for a better future of freight, than just another acquisition. There’s unprecedented volumes of global shipments , growing international trade, more flexible supply chains, and easier sourcing than ever before (Alibaba, anyone?).

Freight 185

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Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. In a November survey , 87% of merchants shared that they already were affected by increased freight costs. What is just-in-time procurement?

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

Supply Chain Game Changer

OCTOBER 13, 2022

Featuring Our Top 16 Articles on Freight and Logistics! In shipping and logistics, building strong relationships with your freight or carrier company is often underestimated. Moreover, finding a reputable freight company that ticks all the boxes of what you’re looking for can often be a considerable challenge.

Freight 106

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Enterra Insights

JUNE 28, 2023

In 1896, the invention of the ‘horseless carriage’ semi-truck improved how goods moved across our country. Just 14 years later, the first air cargo flight took place in 1910. “Logistics can help businesses save money by providing them with the tools to optimize their supply chains. ” 3. . 4] Scott G.

Logistics Network Optimization Software 130

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Talking Logistics

JANUARY 16, 2018

It has been further spurred by the trend of nearshoring over the last decade, as American companies have relocated their manufacturing facilities to Mexico to take advantage of a skilled workforce, improving infrastructure, and proximity to the United States. Understand the 3-Legged Freight Movements at the Border. Likewise, a U.S.

Mexico 205

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Turvo

NOVEMBER 30, 2021

Turvo, provider of the world’s leading collaboration application designed for the supply chain, recently announced a new partnership with ocean freight visibility management technology solution provider OpenTrack. OpenTrack tackles data fragmentation and resolves conflicts to present the source of truth in ocean visibility.

Container Tracking 78

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Freightos

JANUARY 30, 2024

More Resources Home January 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America air cargo rates climbed 11% last week to $5.33/kg,

Negotiating Skills 273

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GTG Technology Group

APRIL 22, 2019

5 Tips for Protecting Your Freight Against Cargo Thieves. Protecting freight is one of the responsibilities you have to your clients. In 2018, motor carriers reported almost 600 incidents of cargo theft nationwide. Thieves stealing cargo can cause disaster along the supply chain. Avoid High-Crime Areas.

Cargo 36

Cargo Supply Chain Design Software Freight Optimization Software 36

Supply Chain Game Changer

AUGUST 21, 2022

Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. By managing the flow and storage of goods, logistics allows a company to optimize operations. Smart logistics strategies can reduce wastage and improve operational costs.

Inventory Reduction 104

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 104

MIT Supply Chain

DECEMBER 15, 2020

The loads may never materialize, or the carrier may not have the capacity in the right place when it is scheduled to haul the cargo. But they do add costs and reduce the efficiency of freight networks. After the shipper broadcasts its freight transportation needs, carriers submit their offers for winning the business.

Freight 52

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Freightos

NOVEMBER 11, 2021

Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. While Facebook is looking at virtual reality, Alibaba and Amazon are looking more at freight. More on Maersk’s transition to an end-to-end provider can be found in this 2020 report.

Price Reduction 177

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Supply Chain Matters

MAY 22, 2023

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. That stated, there are some new signs of optimism. freight, logistics and parcel movement industry. percent drop in cargo volumes.

Negotiating Skills 52

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Freightos

DECEMBER 4, 2015

The broader climate issue.and freight’s role. The emissions from freighting Shawn’s TV is a miniscule percentage of this year’s 33 billion ton cube. Finding freight’s contribution to GHG took a lot of digging. . Click the button on the right to see our sources. kg of carbon emissions. This is a big deal.

Freight 120

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Intelligent Audit

MAY 12, 2022

Often, the general public’s view of freight transportation is similar. The Bureau of Transportation Statistics reported that, “Freight shipped across the U.S. With so much money moving across the country and globe, supply chain professionals must prioritize a proficient freight invoice and payment processing system. .

Freight 52

Freight Rail Software Analytics Software Price Reduction 52

Logistics Viewpoints

JULY 28, 2021

As I mentioned in an earlier post on the growth drivers for the Transportation Management Systems market , transportation visibility tools are one of a number of technologies that are improving performance and helping to reduce freight spend. The result is air cargo has rebounded to levels that are on par with the pre-Covid economy.

Real-time Visibility 248

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Freightos

MARCH 12, 2024

More Resources Home March 12, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices fell 20% to $3.97/kg kg China – N.

Negotiating Skills 284

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SCMDOJO

APRIL 15, 2024

Additionally, Amazon’s logistics services include transportation and warehousing solutions, allowing businesses of all sizes to leverage Amazon’s expertise and resources in streamlining their supply chain and improving their delivery capabilities. 2021: 1,608,000 Amazon Employees New hires: However, in 2022, they employed over 1.5

Logistics Network Optimization Software 82

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The Logistics & Supply Chain Management Society

JULY 16, 2023

It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal. The areas that will be deliberated in future articles are ocean shipping market landscape, freight procurement, reliability & visibility and the competitive landscape.

Risk Management 130

Risk Management Global Price Reduction Inventory Reduction 130

Supply Chain Shaman

FEBRUARY 18, 2021

Re-implement demand planning, trade promotion management, and revenue/price management together to improve the baseline demand signal. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. Next Steps.

Supply Chain Planning Software 315

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Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. There was no air freight possible then into Europe,” added Gerald van den Eijnden. The Advantages of Agility. But they were very basic.

Agile and Lean Supply Chain 199

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Freightos

FEBRUARY 7, 2024

More Resources Home February 7, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America air cargo rates climbed 14% last week to $6.06/kg,

Negotiating Skills 177

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Freightos

NOVEMBER 7, 2023

Here at Freightos, our vision is to digitalize international freight–air and ocean. But so far air freight and ocean freight have gone in different directions. That is a huge success story for the air cargo industry and as promised it has brought significant efficiencies.

eBook 215

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GlobalTranz

AUGUST 15, 2018

For example, DHL analyzes 58 different parameters of internal data to create a machine learning model for air freight. Rather than subjective guesswork, this method allows freight forwarders to predict if the average daily transit time is expected to rise or fall up to a week in advance.

Logistics Network Optimization Software 135

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Resilinc

NOVEMBER 2, 2021

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.

Retail 62

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Supply Chain Matters

OCTOBER 10, 2023

In its reporting, Bloomberg indicated that Amazon has long practiced a strategy of taking stakes in business areas deemed a priority including a grocery chain, cargo airlines, EV powered parcel vans and others. will reportedly be one of the largest fully interoperable chassis pools in the U.S.,

Supply Chain Planning Software 52

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Cathy Roberson

SEPTEMBER 7, 2021

Expanding and shifting sourcing Earlier this year, a number of retailers told analysts that they had expanded their sourcing partners to diversify inventories and mitigate risks. Floor & Decor is one of the latest retailers to diversify its countries of origin by moving a large portion of sourcing out of China.

Inventory Reduction 92

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Intelligent Audit

JUNE 30, 2022

But in the timeframe between 2020 to 2022, a volatile supply chain market showed the weakness in outdated, legacy supply chain execution built on rigid technology or lacking any accurate data that can improve overall decision-making. This has significantly impacted retail value chains across the globe. Retail Value Chain.

Optimal Sourcing 52

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