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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

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.

From Exports to Delivery: Simplifying PPE Shipping

CH Robinson Transportfolio

For a closer look at how China’s regulations impact PPE shipping, check out our recent PPE exporting video featuring our director of product development, Vincent Wong. And due to the nature of the shipping industry, these regulations can change quickly—especially for medical grade equipment. However, when the demand for passenger travel plummeted in the wake of the COVID-19 pandemic, a dramatic reduction in cargo capacity followed. FCL and LCL expedited ocean shipping.

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E2open Completes Acquisition of INTTRA, Bringing Together Leading Global Cloud Supply Chain Management and Leading Ocean Shipping Network

E2open

The One Place in the Cloud to Run Your Supply Chain is Now the One Place in the Cloud to Manage Your Global Logistics. This brings together the world leader in ocean shipping logistics covering a majority of ocean shipping container capacity, with the global supply chain and logistics network of E2open. With this unification, customers of both companies will realize extensive efficiencies and ease of use across global supply chain and logistics management.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. Once cargo has shipped, there are no “backsies.” And considering that our international tariff laws have been more dynamic in the past three years, shipping U.S. Shipping Overseas. Getting a Global Perspective.

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations. Published October 25, 2019 in Global Trade Magazine. You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. Once cargo has shipped, there are no “backsies.” economy, but also the global one.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Understanding the top 10 global supply chain risks can work to reduce their impact. on a scale of 1-10 regarding its concern for the impact on global trade. As explained by Lucy Dixon of Supply Chain Digital , economic instability represents another threat to global trade. For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity.

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. Once China was hit by a Coronavirus epidemic and factories ordered closed, it was inevitable that global supply chains would be affected. COVID-19 Impact on Shipping. COVID-19 Impact on Procurement.

Hanjin Shipping Bankruptcy

3PL Insights

Global Shipping Effects of the Hanjin Bankruptcy. Hanjin Shipping, a South Korean company and the seventh largest container shipper in the world, filed for bankruptcy on Wednesday, August 31, 2016, which has prompted significant questions and confusion around the world as to how this will affect global shipping. The company represents almost 8% of trans-Pacific trade shipments for the United States market, and now they have stopped accepting new cargo.

Chainalytics and Drewry partner to create Ocean Buying Group for small and medium sized shippers

CHAINalytics

Atlanta, GA, 02 March 2018 – Chainalytics, a global leader in supply chain consulting, and Drewry, the global shipping consultancy, have partnered to launch an innovative ocean freight procurement solution for shippers. Press Release Transportation Beneficial Cargo Owners Ocean Carrier Ocean Freight Procurement

Letter from the CEO: Coronavirus Market Update

Transplace

With global attention of the coronavirus (COVID-19) outbreak, each day brings more unknowns and challenges for everyone. The expectation is that two mega ships will arrive at the ports to pick up empties this week as the equipment is needed in China. Retail supply chains are slowing as customers are staying home in many areas of the country which will affect the global supply chain to an extent. Cargo flows and ship calls are rebounding in China.

Letter from the CEO: Market Update April 23, 2020

Transplace

We continue see the COVID-19 crisis impacting business processes, consumer habits, and the worldwide economy resulting in continued disruption on most of the global supply chain. Carriers are starting to see that more shipping facilities are requiring the use of Personal Protective Equipment (PPE). Port of Virginia’s cargo volumes are down ~ 9% YoY. Inactive container ship capacity chart 2000 – 2020 from Alphaliner : Europe.

Letter from the CEO: Market Update May 21, 2020

Transplace

Carriers are continuing to see that more shipping facilities are requiring the use of Personal Protective Equipment (PPE). Majority of countries are re-opening gradually and cargo flows are re-emerging as shippers and manufacturers increase activities. Global demand for marine fuel specific to the container shipping sector is down ~ 10% YTD. Letter from the CEO: Market Update May 21, 2020. By: Frank McGuigan, CEO, Transplace.

Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Tenders can take BCOs (Beneficial Cargo Owners) three to five months of preparation, but despite this, the fixed price often breaks down during peak season. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing? Remember iPods?

[INFOGRAPHIC] Interesting Facts & Financial Breakdown of the Global Logistics Market

Cerasis

In this infographic you will learn, for example, that the global market value for logistics has surpassed $4trillion. You will also learn: Interesting global logistics facts. Underneath, you will then see the full infographic explaining the Global Logistics Marketplace. The global logistics industry has grown significantly while logistics has become an important part of the business economic system and major global economic activity in recent years.

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Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. SME Supply Chains Increasingly Going Global. However, new technologies, services, and providers are helping SMEs to play more effectively and at less cost on the global stage. International shipping is complicated, and documentation requirements hard to understand. It’s time to start looking ahead again.

The Pros and Cons of Air Charter Service

CH Robinson Transportfolio

However, that may not be the case when shipping your cargo. When it comes to quickly getting what you want, when you want it, there is no service better than air charter for your cargo. Although not well known, it is possible to procure a partial air charter. Companies who do not work with large forwarders can be at a disadvantage if looking for an air cargo charter because many airline companies don’t often work with smaller, niche forwarders for charter service.

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How Green Shipping Can Enhance Your Business’s Sustainability Quotient

Freightera

The rise in demand for goods and products worldwide has pushed many businesses to go global. This rise in demand and supply of goods also calls for an added focus towards sustainable shipping practices to ensure the environment doesn’t get affected by it all. In an effort to start a conversation on green shipping practices, this article will shed some light on the need for such practices while providing tips and techniques that will help you further the cause.

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

Peak season for ocean freight shipping is underway. Here’s an easy way to think about the regular and potential future disruptions that could impact your ocean shipping strategy, and what you can do to prepare for what comes next. At these times of the year, you should see less risk to your standard ocean shipping strategy. If you fail to book in time, you may miss your delivery deadlines, or will have to use an expedited shipping method to meet them.

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Transpacific Air and Ocean Shipping Space Is Already Tight

CH Robinson Transportfolio

Transpacific Air and Ocean Shipping Space Is Already Tight | Transportfolio. Peak shipping season has heated up early. A predictable pattern of events follows: shipping volumes spike, space on airlines and vessels becomes harder to secure, and prices go up. The holiday peak season is one of the busiest shipping periods of the year around the world. Shoulder season; shipping ramps up. Peak shipping season. Shipping volumes start increasing.

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

CH Robinson Transportfolio

Reoccurring events—like the holiday season—used to provide some level of predictability to ocean shipping trends in the transpacific eastbound (TPEB) trade lane. Accordingly, significant volumes of ocean cargo shifted to earlier sailings than normal, disrupting typical volume trends in the third and fourth quarters of 2018. Normally, we see a rush in ocean shipping just before the Chinese New Year (CNY). Look for a market leader in global trade lanes, like C.H.

More Challenges for the Transportation Network: Day 2 of the SCRC Meeting

Supply Chain View from the Field

George List, a professor of mechanical and construction engineering, emphasized the need for governments to consider the broader impacts of global change. For example, the widening of the Panama Canal will change the conditions here in North Carolina, as enormous container ships will be circumnavigating the globe. And in Panama a huge transshipment area will grow where they will will do break bulk, put cargo onto smaller ships and send to North America.

This Week in Logistics News (September 15-19, 2014)

Talking Logistics

Are you attending the CSCMP Annual Global Conference next week? Oracle Introduces New Cloud Solutions for Transportation and Global Trade Management. FedEx to Increase Shipping Rates. Thirteen Years After 9/11, A New Attempt To Screen 100 Percent of Cargo Containers ( Roll Call ). If so, let’s connect.

The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

This is how he described their impact (emphasis added): “It may be because customers have such easy access to more information than ever before – in only a few seconds and with a couple taps on their phones, customers can read reviews, compare prices from multiple retailers, see whether something is in stock, find out how fast it will ship or be available for pick-up, and more. Fulfillment and global logistics is increasingly a goal in and of itself. The Global Logistics Footprint.

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Experts Choice Of Top Online Logistics Resources

Freightos

consultation firm, runs four ‘Logistics Briefing’ newsletters: Global, Americas, Asia/Pacific and Mergers & Acquisitions. Shipping Gazette Daily News. One of the most comprehensive daily summaries, and by far the leading Asian-based summary, China’s Shipping Gazette provides daily information about carriers, forwarders and technology. global fresh produce). Air Cargo World. This American based niche news site specialises in air cargo.

How to Become a Supply Chain Jedi

BluJay Solutions

If companies are not careful they can succumb to the dark force of not being prepared to manage each step of the way – from procurement to manufacturing to distribution. With new shipping options, an increased focus on e-commerce and customers who demand faster delivery, visibility is becoming more important than ever before. The integration capabilities they require, including yard management, cargo, freight, storage, break bulk, etc.

Looking Beyond Blockchain/Supply Chain Hype

Enterra Insights

Cheng-Shorland explains, “Supply chain is driven in large part by the procurement process. Moving any product or service through a supply chain starts with a procurement contract, which initiates the tendering or bidding process via an RFI, RFP or other type of formal request. Everything moves through the process based on the procurement contract.” ” Each stop on the supply journey — from procurement through final sale — involves some sort of transaction.

Supply Chain Risks Come from All Sides

Material Handling and Logistics

In the early days of July, while most Americans slowed down to celebrate their country’s independence, a single ship sped toward China, racing against a series of new tariffs that would go into effect on July 6th. cargo ship Peak Pegasus made its way toward the port of Dalian with a load of soybeans. If everything went right, the ship would have arrived with about an hour to spare before the tariffs went into effect.

Blockchain in freight forwarding – Is it the next big thing?

20Cube Logistics

Supply chain involves procurement, creating orders, packing, shipping and distribution of goods, etc., Each time cargo is shipped, the transaction is documented, creating a permanent history of the shipment from order to delivery. With the new technology, blockchain, it is possible for purchasing agents or consumer to know from where products are procured and what it takes to transport it.

The Digital Transformation Journey: The Alignment of Industry, Company, and Technology

Talking Logistics

In today’s market, it is imperative for process businesses to pursue digital transformations to meet changing customer expectations, global market demands, and increased competition. The process industry has been burdened by effects from global economic strength, tariffs and trade balances, and infrastructure bottlenecks. Ports are having to off-load cargo onto the new mega-ships offshore from multiple smaller ships because they don’t have the capacity to handle the bigger vessels.

Supplier Risk Management Considerations for the Coronavirus Outbreak

ivalua

The impact of the Coronavirus continues to be felt globally and the World Health Organization and government continues to urge caution as they implement controls to stem the flow of the infection. Even more concerning is that the death toll has spread outside of mainland China and ships outside of ports in Hong Kong and Japan are being quarantined. . This highlights the danger of Coronavirus becoming a global issue if not controlled closely. .

Welcome to the Supply Chain where the Risks Never Stop Coming

Enterra Insights

According to the staff at Supply & Demand Chain Executive , “A new report from Resilinc reveals that global risks increased throughout 2018, with geopolitical conflicts posing some of the most potentially costly and disruptive supply chain impacts.”[1] Bindiya Vakil ( @BindiyaVakil ), Resilinc CEO, notes, “Supply chain, sourcing and procurement professionals are on the front lines of managing global trade risks for their companies.

24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

Moreover, it’s vital to the health of the global economy. The pandemic crisis had global ramifications felt throughout the entire supply chain, from raw materials to finished products, and for many companies, building the resiliency needed to weather such storms has become the #1 challenge of supply chain management. He is a Global Management expert known for driving results through (and with) companies, organizations and academia.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

It helps coordinate the various supply chain activities, which include the complete range of procurement, development, implementation, commercialization, and delivery of the goods or services to the market. With the help of a sound Logistics Management Software, manufacturers can effectively manage the multifaceted process involved right from the production cycle to the delivery of raw materials to shipping the finished products to the consumers.