This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Analyzing loss activity over the past year, the report found that cargo theft is increasing – in frequency, scope, and sophistication. Theft is the standout trend for cargo claims. For shippers with cargo insurance, the rise in the frequency of theft claims is driving higher loss ratios amid large, repeated thefts of attractive goods.
Below, GlobalTranz, a leading third-party logistics (3PL) provider , answers all of your questions about PTL so you can make the smartest freight shipping decisions and keep your customers happy! Lower risk of damage Unlike LTL, partial truckload logistics involves less handling. Do I need to crate or palletize my freight?
Cargo thieves love the holidays. Read more The post I’ve Fought Freight Fraud for 30 Years: Here’s How to Protect Your Supply Chain in 2025 appeared first on Talking Logistics with Adrian Gonzalez. That time of year when the industry ships a higher volume of desirable, in-demand goods.
While multi-industry logistics, transportation and customer fulfilment teams might have languished with a sigh of relief, they are likely to be aware that this new contract is not a done deal yet. There are many added opportunities that can be addressed if management and labor interests U.S. Similar to other reporting, the U.S.
The pandemic showed vulnerabilities in the supply chain, which were amplified by subsequent eventssuch as the Red Sea tensions, which caused cargo traffic to fall from around 5000 containers per day in November to 2000 in December 2023. Before the pandemic, many companies relied on static, reactive planning methods.
Resilinc Study Supply chain riskmanagement technology provider Resilinc released this week this providers findings of the top drivers of supply chain disruptions for 2024. This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers. economy and for industry supply chains.
Freight fraud has emerged as one of the most rapidly growing and financially devastating risks in today’s global supply chain landscape. This shift from reactive to preventive riskmanagement marks a breakthrough in how the industry combats increasingly sophisticated cargo theft schemes. “It
It demands a deep dive into complex calculations and multi-faceted considerations that impact everything from sourcing and production strategies to long-term investment and riskmanagement. Enhancing transparency and collaboration with suppliers, customers, and logistics partners. They need to design them.
The company’s standout solution, Risk Factors, is transforming how freight brokers identify and prevent fraud, establishing new standards for riskmanagement across the logistics sector. Risk Factors is built to transform fraud prevention and riskmanagement in the freight industry,” Truckstop wrote in its application.
In 2025, it will be impossible to avoid conflict and its impact on sourcing, manufacturing, and logistics. The data shows that cyberattacks were particularly common in the electronics, logistics, and consumer goods industries. The post Top Supply Chain Risks to Prepare for in 2025 appeared first on Logistics Viewpoints.
The Suez Canal, for example, is crucial for energy and cargo shipments moving between Asia and Europe. One is the State of Logistics Report. Another key report is the Annual Third-Party Logistics Study. The post Navigating Maritime Chokepoints to Improve Resilience appeared first on Logistics Viewpoints.
Bowman, SupplyChainBrain Podcast | Mitigating Supply Chain Risk: Is Insurance Up to the Challenge? More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
Mexico is considered to be a net beneficiary from the [move] from cost efficiency to geopolitical riskmanagement.” Nearshoring, or friendshoring, appears much more likely to benefit from tariffs this time around,” the June 5 BofA report said. Financial analysts argue that Mexico faces less protectionist pressure than other U.S.
Mexico border, aims to separate commercial cargo from regular traffic, cut down inspection times, bolster security, and support far more efficient trade flows along a corridor that handles over $300 billion annually. XPO Opens Its Largest Facility, Employing 450 in Pennsylvania Canadian transportation and logistics leader XPO Inc.
With the main focus on maximizing time and cost efficiencies, cargoriskmanagement is often skipped over despite being a critical step in protecting your company. The risk of […]. The post Transportation RiskManagement: Keep Your Cargo Out of Danger appeared first on Logistics Viewpoints.
This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier riskmanagement is a skill set that needs focus day in and day out. Enhancing Supplier RiskManagement Through On-Site Evaluations.
However, there is probably one industry that most of us would not think of in this list: the cargo theft industry. According to the National Insurance Crime Bureau (NCIB), cargo theft in the United States is a $15 to $35 billion industry. Cargo Theft Tactics Cargo theft comes in many shapes and sizes.
Cargo theft continues to be a problem, especially around the holidays. And I don’t just mean the winter holidays; cargo theft typically spikes during any holiday season where businesses may be closed for an extra day or two. But what exactly is cargo theft? Cargo theft comes in many shapes and sizes.
states, obvious disruptions to supply chains and supply chain riskmanagement were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. containerized loaded cargo volume and more than 18% of the East Coast container trade. of total U.S.
Over the past four years, due in large part to the Covid pandemic, there has been significant discussion about the importance of riskmanagement in logistics and how companies must create more resilient supply chains. Logistics operations are key enablers in this process.
More Resources Home Innovative Synergies: Logistics Tech Lessons from Other Industries Judah Levine May 23, 2024 Though the logistics and supply chain industry has made and continues to make a lot of progress in its digital transformation, it has a reputation for being part of the late majority or even a laggard in terms of digitalization.
The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. Experts’ Choice: Supply Chain and Logistics Email Newsletters. Ti Logistics Briefing.
As shoppers count down the days until they can score deals on the hottest products, cargo thieves are counting on cashing in on opportunities to swipe unattended trailers and shipments. The industry experiences more cargo theft incidents when there is a higher volume of consumer goods moving through the supply chain.
The Ecosystem Today The logistics ecosystem is being transformed by the rise of connected vehicles equipped with IoT sensors and data-driven technologies. Connected vehicles, following standards like the SAE J3016, which defines the six levels of vehicle automation, are becoming a crucial part of logistics operations.
RiskManagement in Global Ocean Context Feature Article by LSCMS Shippers Council Rates have gone down massively in most trade lanes; congestion has eased, and capacity seems sufficient in most sectors. It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal.
Mark Vickers and Joe Lynch discuss Mexico transportation risk. Mark is the Executive Vice President and Head of International Logistics at Reliance Partners , one of the nation’s fastest-growing commercial insurance agencies. Mark now serves as the Executive Vice President and Head of International Logistics at Reliance Partners.
As noted in the press release, companies are required to use ACE for all electronic import and export manifest filings for all modes by May 1, 2015 and use ACE for all electronic cargo release and related entry summary filings by Nov. Note: Elemica and Kewill are Talking Logistics sponsors. And with that, have a happy weekend!
Risks in halal supply chains The halal integrity of a brand (and its products) is a function of its supply chain, where a breakage in halal integrity anywhere in a supply chain becomes a breakage of its halal integrity.
Practical Applications: Using AI Technologies to Maximize & Compliment Logistics Resources. Hong Kong: Logistics. However, the application of AI technologies to logistics is not limited to resource optimizing and scheduling, Dr Chun said. AI is a controversy of deep, lasting dimensions.
One of the fastest growing forms of cargo theft is deceptive pick-ups (aka fictitious pick-ups). According to a September 2013 white paper published by CargoNet and the Cargo Security Alliance , 8 percent of cargo thefts in 2013 (as of August 31, 2013) were due to fictitious pick-ups, up from 5 percent in 2011.
Ocean RiskManagement part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. Additionally, we examine the decision between using a carrier or a Non-Vessel Operating Common Carrier (NVOCC) as a vendor and how this choice can impact riskmanagement. The 2M alliance will be disbanded in 2025.
Emerging technologies play a role in managing disruption and are driving change in the transportation and logistics industries. We are now seeing an increase in the use of automation, not just within a TMS or WMS, but the digital coordination across all phases of logistics, from shipper to broker to carrier to warehouse.
trillion in cargo annually. The second report , issued by TrapX Security, is even more troubling because it hits closer to home — that is, the warehouses and IT systems of manufacturers, retailers, and logistics service providers. Here are some excerpts from the report: U.S. maritime ports handle more than $1.3
With a holiday weekend upon us, let’s go straight to the supply chain and logistics news that caught my attention this week: Retailers Seek U.S. Robinson Expands Global Network, Acquires APC Logistics. DHL to trial vision picking in the UK (LogisticsManager). Help With Shipping Crisis (WSJ – sub. UPS Announces U.S.
When we think of fraud in the supply chains, often we think about organized cargo theft. According to Travelers Insurance, there are five main cargo theft tactics to watch out for. The first is straight cargo theft, where cargo is physically stolen from a location.
While prior riskmanagement disruptions occurred and quickly established a new normal, in the COVID-19 pandemic, the only normal is constant change. The Emergence of Logistics as Constraint. Advanced planning tools(APS) never considered the issues of logistics. Availability of logistics was always assumed.
The alarming rise in cargo theft across the United States is becoming a significant concern for businesses, logistics providers, and consumers alike. As prices rise and certain goods become scarce, the value of stolen cargo on the black market increases. There’s also a rise in insurance premiums as the risk escalates.
To be able to deal with tariffs and customs, many supply chain companies have partnered with third-party logistics providers who help them manage in-country transportation, distribution, and warehousing. Management Professionals in Supply Chains. Stagnation of Air Cargo and Sea Freight Rates. ManagingRisk.
Last summer, Inbound Logistics published a list of different 3PLs and their services. Transportation Service Offering 2 – Air Cargo. Air transportation is used to transport air cargo by plane. Air cargo or air transport is a vital component of many international logistics networks.
One of the biggest challenges remaining from the pandemic is the labor shortage and its ripple effects on multiple industries, including logistics companies. Fortunately, strategic planning can help you deliver your land cargo on-time , despite the abundant labor shortages. Low Land Cargo Capacity. Optimize Routes.
Warehouse and DC operations can involve hundreds of suppliers, manufacturers, and logistics providers, each with their own network and security protocols. A 2020 cyberattack at TFI International, one of the largest trucking and logistics companies in North America, forced them to resort to manually sorting.
However, I did see reports on the destruction of Ukraine’s Antonov An-225, the world’s largest cargo aircraft. The post Supply Chain Impacts from Russia-Ukraine Conflict appeared first on Logistics Viewpoints. I was unaware of Ukraine’s prominent air transport presence. Let’s hope for diplomatic progress.
In the meantime, here’s the supply chain and logistics news that caught my attention this week: EU Approves FedEx Acquisition of TNT Express ( WSJ – sub. INTTRA Collaborates with JDA Software for Streamlined Transportation Management. TIS was formed through the acquisition of logistics technology company Logistadvise Inc.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content