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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.

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Back to Logistics Tech School, 2022: the Lost Peak Season, the lingering COVID impact and more

Freightos

Logistics tech in 2022 has been unavoidably shaped by the two years that preceded it. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. So without further ado, here’s your: Key Reads Logistics Tech Research and Updates for 2022. Uncertainty became the byword. Signup Now.

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Supply Chain Fraud 101

Logistics Viewpoints

Well, there are a number of different types of supply chain fraud that impact global supply chains, from the procurement of materials to the end delivery of a product. When we think of fraud in the supply chains, often we think about organized cargo theft. These include: The Procurement bidding process and business awards.

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This Week in Logistics News (April 9 – 15)

Logistics Viewpoints

And now on to this week’s logistics news. According to reports, the supply is so constrained right now that retailers are limiting the number of products consumers are allowed to purchase in order to preserve their inventories. The post This Week in Logistics News (April 9 – 15) appeared first on Logistics Viewpoints.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

A significant majority – 70% – reported a return to normalcy in logistics operations, with 40% experiencing conditions that were even better than those they experienced pre-pandemic. The decrease in logistics costs led 35% of importers to lower their product prices, possibly contributing to the easing of inflation rates.

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Just-in-Time vs. Just-in-Case Procurement During Supply Chain Disruption

Ware2Go

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. . About 9% even had stopped offering free shipping to recover costs, while 7% held off on ordering peak inventory to see if prices would level off.

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Risk Management in Global Ocean Context

The Logistics & Supply Chain Management Society

It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal. Written by logistics leaders who are practitioners in their respective companies, it aims to stimulate thinking on how shippers or BCO’s could view business continuity and risk in the current environment.