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Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
That, at least, is the theory behind mathematical optimization, and the way it’s being applied to supply chain management today. By itself, the word “optimize” doesn’t mean anything specific. “A Bowman, SupplyChainBrain Supply chains consist of imperfect humans struggling to make perfect decisions.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainable procurement are driving companies to adopt blockchain for improved compliance and accountability.
And cross-functional teams — from procurement and sales to finance and customer service — are left scrambling to react. Each transfer increases the chance of delays or damage, and cargo liability is limited, usually calculated based on the amount of trailer space occupied. Assembly lines pause. Inventory buffers shrink.
The acquisition is expected to enhance synergies across LGs robotics business, enabling the creation of an integrated software platform for commercial, industrial, and home robots, ultimately streamlining development cycles and improving user experiences.
Of course, AI is already in use in the supply chain, adding its capabilities to myriad other efforts to optimize operational efficiency. Image: iStock/JuSun June 18, 2025 Helen Atkinson, Managing Editor “The future is already here; it’s just not evenly distributed,” wrote William Gibson in his 1984 novel Neuromancer. trillion to U.S.
The acquisition is expected to enhance synergies across LGs robotics business, enabling the creation of an integrated software platform for commercial, industrial, and home robots, ultimately streamlining development cycles and improving user experiences.
AI also improves the efficiency and cost-effectiveness of supply chain operations, both in terms of automating processes, and finding ways to refine pricing strategies and take advantage of forecast trends. Teams are more transparent and closely connected, further improving efficiency when responding to an event. And the cherry on top?
Regrettably, periods of economic hardship can also witness an increase in cargo theft as criminals exploit potential lapses in security. While perfect forecasting remains elusive, leveraging robust data analysis, Artificial Intelligence (AI), and real-time market intelligence can significantly improve accuracy.
Traditional AI dates back to at least the 1960s and encompasses techniques such as machine learning, which utilizes historical data to optimize problems and predict future outcomes. With that being said, Wood emphasizes that companies are already deriving significant value from traditional AI today, such as optimization and machine learning.
First Insight, which works with major retailers like Gap, Under Armour and Marks & Spencer , to optimize their pricing, merchandising and inventory strategies, has turned its attention to making sure retailers can take control of their pricing and inventory strategies using real-time customer insights and predictive scenario modeling.
The technology reduces risks, operational errors, delays and waste, while simultaneously improving the customer journey. AI-driven decision intelligence will be critical for faster optimization of business processes, coupled with better and more precise decision-making at all operational and tactical levels, but how does it work?
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit.
By embracing a pricing mindset that is as agile as the trade policies it responds to, businesses can take full advantage of pricing as a profit lever, increasing resilience in the face of uncertainty. Andrew Butt is founder and CEO of Enable.
A data fabric does not store data itself; it connects and provides access to data from diverse sources without physically moving or duplicating it. It accesses, transforms, and harmonizes data from multiple sources to make it usable and actionable for various business use cases. This is an impressive feat that sounds almost magical.
Limited Transparency A prevalent challenge in supply chain management is the lack of transparency in operations, often leading to operational losses due to disruptions like cargo theft, fuel theft, and rerouting. By leveraging this data, companies can proactively respond to disruptions, optimize supply chain management, and prevent wastage.
To gain a deeper understanding of how to optimize and manage these complex networks, enrolling in a supply chain management course can provide the knowledge, skills, and strategies needed to thrive in this essential business function.
Integrated digital solutions bring together disparate systems and data streams, improve transparency across workflows, and equip decision-makers with timely, actionable insights. These tools empower evidence-based decisions, reduce waste, improve visibility and help safeguard against future supply chain disruptions.
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. They can make selections based on an optimal mix of price, quality and geographic location. The conversations are becoming real,” he says.
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Instead, shippers need to rethink the foundational elements of their supply chains, optimize for efficiency at every possible point, and search carefully for partners that can work within the constraints. It takes profound creativity to navigate this lane effectively.
They provide optimized pick, putaway and replenishment functions, working with the human workforce to reduce travel time, errors and repetitive stress. Cost Structure, Cash Flow and ROI Companies balance capital expenditures and operating expenses to optimize financial performance.
At Optimal Dynamics’ recent Transportation Leadership Strategy Session, 25 industry peers gathered to exchange perspectives on how we’re all adapting to these pressures. Some of the most exciting developments are happening in AI-driven network optimization. For this reason, centralized data governance is becoming essential.
A rise in nearshoring and away from single-source dependency The pandemic was a wake-up call that exposed the fragility of globally interconnected supply chains and the risks of over-reliance on distant suppliers and single-source strategies. 3 long term changes to the supply chain 1.
Improving Leadership Retention and Stability Building a strong leadership pipeline requires an intentional approach. Spreading responsibilities across a team and providing administrative support can prevent burnout and improve retention. Driver satisfaction improves under strong leadership.
As you see results — whether it’s higher throughput, improved accuracy, or better labor efficiency — you can scale up with confidence. How Hai Robotics Can Help Hai Robotics offers flexible, scalable automation solutions designed to help facilities optimize storage, improve efficiency and adapt to changing demand.
However, there are still trade tariffs impacting how companies move their cargo, particularly between the U.S. companies in apparel and fashion have shifted their sourcing, and have reached “single-digit” dependency on Chinese manufacturing, said Maersk Chief Commercial Officer Karsten Kildahl, in the update. “[O]ther in June, 2021.
Featured Product Popular Stories Mobility at the Margins: What Border Crossings Reveal Before Trade Data Does Air Cargo Climate Crisis Has Caused Food Price Spikes Global Supply Chain Management U.S. Timely, incisive articles delivered directly to your inbox.
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The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Beyond the promotion of ethical sourcing, it’s also about “how we can extend the life of products,” Balaam says.
Now is an excellent time to develop organizational execution intelligence, which means using data and analytics to optimize operations across inventory management, pricing and promotion to squeeze every last ounce of efficiency out of your processes. Following are three strategies for using data to meet these challenging times.
RELATED CONTENT RELATED VIDEOS Global Trade & Economics Sourcing/Procurement/SRM Supply Chain Security & Risk Mgmt Supply Chains in Crisis Chemicals & Energy Related Articles China’s Electricity Crunch Is World’s Latest Supply Chain Threat Canada’s Shrinking St. You’re going to face cost price inflation into next year.”
US Global Trade War, as American tariffs with opposing cargo freight containers in conflict as an economic dispute over import and exports. Proactive Duty & Tax Optimization: DDP Done Right Avoid sticker shock and customs delays for your international customers. For brands with global aspirations, the stakes are even higher.
Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox. Global Supply Chain Management Argentina: A New Opportunity in Latin America’s Industrial Sector Global Supply Chain Management U.S.-Swiss
For smaller fashion brands, as highlighted by Glossy , the financial burden of tariffs can be especially acute, often forcing them to absorb higher costs or shift their sourcing strategies entirely. China tariffs continues to evolve, impacting industries from tech to fashion. Timely, incisive articles delivered directly to your inbox.
government would never ask General Electric to shut down a power grid in Asia, or Ports America to bottleneck cargo in Savannah. Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. These actors understand that commercial flows are more fragile and target-rich than traditional military hardware.
We have taken this proactive measure to safeguard our people, assets, and customers’ cargo in light of increased regional instability." The safety and security of our seafarers and operations are our top priorities," Maersk said in a statement June 20. "We Timely, incisive articles delivered directly to your inbox.
With increasing consumer demand for ethically sourced and high-quality products, factory audits have become indispensable tools for sustainable and resilient supply chains. Enforcing ethical and labor standards – Preventing labor exploitation, ensuring fair wages, and improving worker conditions. What is a Factory Audit?
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AI chatbots are beneficial, but they have room for improvement, so supply chain executives should understand the pros and cons and deploy them with caution. Additionally, it showed that 54% of buyers prefer live chat support when purchasing on a web store, the most preferred form of support.
The large West Coast port is evaluating a more automated truck reservation system which is reportedly believed to leverage a 50 percent improvement in idle truck capacity. Further noted was a statement from the CEO of the Long Beach terminal operator indicating that the automation plan aims to move twice as much cargo with the same workforce.
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