Transportation Risk Management: Keep Your Cargo Out of Danger

Logistics Viewpoints

With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future. The risk of […]. Guest Commentary Transportation risk management

Supply Chain Risk Management: Could You Face a Category 4 Supply Chain Disaster?

Kinaxis

states, obvious disruptions to supply chains and supply chain risk management were a given. Starting with Miami, this port primarily handles containerized cargo with small amounts of breakbulk, vehicles and industrial equipment. Going up the coast in Jacksonville, FL, there is a huge port that receives the second-most automobiles in the US along with all types of cargo. containerized loaded cargo volume and more than 18% of the East Coast container trade.

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Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

Cerasis

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 risk management is a skill set that needs focus day in and day out. Enhancing Supplier Risk Management Through On-Site Evaluations. The second article in our series on identifying supplier risk explores what to look for during on-site evaluations.

Supplier Risk Management Considerations for the Coronavirus Outbreak

ivalua

Factories in China are facing staffing shortages or are electing to remain closed to protect its workforce, airlines have suspended flights to China, and restrictions and regulations designed to control the spread of the virus could have an adverse impact on cargo leaving and entering ports all over the world. This crisis demonstrates the increasingly global nature and complexity of supply chains and the imperative to manage the risk within this complex supply chain.

Countdown to Black Friday: Are You an Easy Target for Cargo Theft?

Talking Logistics

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. But while we are in the midst of a season notorious for a spike in cargo thefts , there are a few precautions you can take to protect your freight.

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Keep Your Cargo Out of Danger: Best Practices for Transportation Risk Management

CH Robinson Transportfolio

With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. . Due to the global outbreak of the coronavirus, many global shippers are recognizing the value in a risk management plan to best prepare themselves for the current situation and others like it in the future. The risk of delays and lost cargo are real. What risk does your cargo face?

‘Tis the Season for Cargo Theft

Enterra Insights

The post ‘Tis the Season for Cargo Theft appeared first on Enterra Solutions. Business Risk Management Supply Chain Enterra Solutions Stephen DeAngelisNobody likes to get ripped off; but, experts note the holiday shopping season presents an almost irresistible opportunity for thieves. … Continued.

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Put Port Resilience on the Risk Management Map

Supply Chain @ MIT

In addition, the way cargo handling facilities are owned and governed, and port-related investment policies, add to the complexity of a system that is inherently fragmented. Also compounding the risk of economically damaging stoppages is the fact that while supply chain resilience has attracted much interest over recent years, port resilience has not garnered much attention. Ports in a storm. The economic damage wrought by Hurricane Katrina underscores the vulnerability of US ports.

Identity Theft, Trucking Style

Talking Logistics

One of the fastest growing forms of cargo theft is deceptive pick-ups (aka fictitious pick-ups). Here’s how the scheme works, as described in an AP article published last October ( Thieves Pose as Truckers to Steal Huge Cargo Loads ): Thieves assume the identity of a trucking company, often by reactivating a dormant Department of Transportation carrier number from a government website for as little as $300. Keep the cargo moving.

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Do your supply chain challenges have you feeling a little snowed under?

Kinaxis

Borrowing a quote from CBC : “If we can move the cargo out of Halifax in a timely manner, we don’t get into this situation. To successfully plan the flow through the Autoport you need visibility of inbound cargo, visibility of transportation assets (ships, dock, trains), and a strong model of constraints, including infrastructure capacity, engine availability, and manpower. Any time spent simulating a new plan is potentially time not spent moving cargo.

How General Average Could Ruin Your Ocean Cargo Deliveries

CH Robinson Transportfolio

How General Average Could Ruin Your Ocean Cargo Deliveries | Transportfolio. It’s time to assess what’s at stake and think about how you can minimize your risk. Start by building your knowledge of how general average works, how it can impact your shipments if general average is declared, and how marine cargo insurance can help you sleep like a baby at night. General average is a throwback to the days when a crew tossed cargo overboard to lighten the ship in a storm.

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Coronavirus COVID-19 Supply Chain Update

Transplace

Ocean Cargo Updates. Cargo flows and ship calls are rebounding in China as the situation normalizes. The reopening of factories in China would see a gradual return of demand, but Alphaliner noted in a recent newsletter that cargo volume recovery was expected to take a few weeks. Savannah and Brunswick are predicting an import cargo decrease by 40% in March and April from 2019 levels. Coronavirus COVID-19 Supply Chain Update.

Letter from the CEO: Coronavirus Market Update

Transplace

Cargo flows and ship calls are rebounding in China. The reopening of factories in China would see a gradual return of demand, but Alphaliner noted in a recent newsletter that cargo volume recovery was expected to take a few weeks, and until normal volume is reached, carriers would continue to selectively implement blank sailings, likely until the end of March. Savannah / Brunswick are predicting import cargo decrease by 40% in March and April from 2019 levels.

Can Supply Chain Financing benefit from Cargo Monitoring?

Global Trade Management

You know the buyer, you trust him because you immediately get the money and there is not much risk involved. Each party tries to reduce its risk. The risk itself is not gone, but for a fee the bank will take over this risk for you. To minimize the risk, the bank will only finance your supply chain based on certain securities. 25% financing) Cargo monitoring could increase the value of such securities.

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Letter from the CEO: Market Update April 23, 2020

Transplace

Facilities for drivers are being cleaned regularly to minimize risk. Port of Virginia’s cargo volumes are down ~ 9% YoY. Assess the risk of bankruptcy on providers and know which providers have been over invested in your network, particularly highly strategic regional carriers that may have a high amount of freight within your network. We are continuously evaluating market risk, capacity, and opportunity across the network and by origin, mode, and/or lane type.

Letter from the CEO: Market Update May 21, 2020

Transplace

Majority of countries are re-opening gradually and cargo flows are re-emerging as shippers and manufacturers increase activities. Continue to access the risk of bankruptcy on providers and know which providers have been over invested in your network, particularly highly strategic regional carriers that may have a high amount of freight within your network. We are continuously evaluating market risk, capacity, and opportunity across the network by origin, mode, and/or lane type.

The Day a Cyber Attack Brings the World’s Supply Chains to a Halt

Talking Logistics

Cyber risk and security is getting more attention from the ocean shipping community too. This brings the greater risk of unauthorised access or malicious attacks to ships’ systems and networks. Risks may also occur from personnel having access to the systems onboard, for example by introducing malware via removable media. Supply Chain Risk Management BIMCO cyber attack cyber security CyberStorm FedEx IMO International Maritime Organization UPS

The Hackers Inside Your Supply Chain

Talking Logistics

trillion in cargo annually. While the Coast Guard initiated a number of activities and coordinating strategies to improve physical security in specific ports, it has not conducted a risk assessment that fully addresses cyber-related threats, vulnerabilities, and consequences. As I’ve written many times before, when it comes to supply chain risk management, many companies are falling short.

El Niño May Have Your Supply Chain Partying Like It’s 1997

Kinaxis

El Niño may serve as the ultimate test of supply chain risk management and resiliency. Here are the key strategic efforts that resilient supply chain practitioners take to ensure they stay in front of risk. Care should be taken to understand each node in your supply chain—rail lines, ports, choke points, distribution centers—and identify potential risks associated with each. Best practices General News Supply chain risk management Supply chain risk

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The Fashion Supply Chain: Unraveling the Reality

Kinaxis

Companies are simply not equipped with the tools needed to manage their global supply chains in a way that keeps them in control of it. That way when an event occurs that creates supply chain risk (immediate or potential future harm) companies can know and react quickly. The supply chain that brought them to you is made up of so much more than just trucks and cargo boxes. General News Supply chain management Supply chain risk management Supply chain risk

This Week in Logistics News (January 19-23, 2015)

Talking Logistics

” Companies have historically overlooked B2B Connectivity when evaluating supply chain software solutions, such as transportation management systems. Instead, companies should view B2B Connectivity as a utility and outsource it to a Supply Chain Operating Network, where data quality management is central to their business model and value proposition.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Are you attending the Council of Supply Chain Management Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)? If so, I invite you to attend two of the sessions that I am participating in, both related to transportation management: TMS 4 SMB: A Case Study with Carhartt. Speakers: Sharon Perry, Vice President of Logistics, Carhartt; Gregg Lanyard, Director, Product Management, Manhattan Associates; Adrian Gonzalez, President, Adelante SCM.

Canadian Ports: A Fast Lane for Asia-U.S. Imports?

Talking Logistics

West Coast ports continue , causing importers like Lululemon Athletica to delay store shipments by up to 10 days, other shippers are heading to Canada’s West Coast ports, such as Prince Rupert where cargo traffic headed for the U.S. As I said at the time, when you stand back and think about it from a supply chain risk management perspective, being in a situation where just 800 clerks can shut down the main entry point for about 40 percent of U.S. While the delays at the U.S.

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This Week in Logistics News (January 4-8, 2016)

Talking Logistics

INTTRA Collaborates with JDA Software for Streamlined Transportation Management. LoJack SCI and TransVoyant Partner to Deliver Supply Chain Risk Alerting. Transervice Announces Launch of Tech-Based Freight Management Company. Another example of how transportation technology and managed services are merging: Transervice Logistics Inc. The good news is that I didn’t break any bones skiing during the holiday break.

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Still Think Dangerous Goods is Just Paperwork and Labels?

Talking Logistics

The dangers of shipping lithium-ion batteries, particularly via air, has been in the spotlight in recent years following several deadly incidents, including the crash of a UPS cargo plane in September 2010 that was attributed to “the autoignition of the contents of a cargo pallet, which contained more than 81,000 lithium type batteries and other combustible materials.”. As I wrote more than three years ago in A New Era for Global Trade Management Software? :

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Global Cargo Monitoring / Cargo Tracking: What's your definition of.

Global Trade Management

Global Cargo Monitoring / Cargo Tracking. From time to time Im reading through the mails I get from my LinkedIn discussion group "Supply Chain Management Group ". managed predictability. risk management. Realtime cargo monitoring does not solve all these ideas 100% itself. But realtime cargo monitoring could contribute substantially. The arviem services enable clients to monitoring the cargo and managing a trade from end to end real-time.

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Shock of 20G on Container while in Transit

Global Trade Management

Thanks to real-time cargo monitoring, the shipper immediately was able to assess the impact on its cargo and make decisions on - continuing the trip, and/or - reorder cargo in a new container - inspect container - claims handling - proactively inform client The real-time monitoring also allows to precisely identify - location of incident, - time, - custody, and a historical analysis on how often such incidents happen(ed), where and in whose custody.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Change is inevitable in modern supply chain management, and risk management is essential to success. Risks evolve and become more prevalent with time. Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Risks exist in land, air and ocean freight. Understanding the top 10 global supply chain risks can work to reduce their impact. Environmental Risks.

Transparency and integrity for your supply chain

Global Trade Management

Ideally, the supply chain manager always knows where and in which condition his merchandise is. Tracing of freight – reduce search times Logistics manager often complain high search time for lost goods. The recipient of a shipment can for example demonstrate when and where in the distribution chain, the cargo has been damaged. Active management of the supply chain Over satellite or GSM information can also be transmitted and evaluated in real time to a corporate network.

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. Our proprietary Risk Calendar envisions times of the year when disruptions may occur, and why. At these times of the year, you should see less risk to your standard ocean shipping strategy. This enables them to mitigate the risks they face in making sure product is available on the shelf when consumers are ready to buy.

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The 11 Transportation Service Offerings

The Logistics of Logistics

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. There are many different types of cargo that are moved in various types of ships. Bulk carriers are cargo ships used to move bulk cargo like coal, ore, grains and liquids. Bulk cargo is commodity cargo that is transported unpackaged in large quantities.

New Lithium-Ion Battery Shipping Regulations Can Impact Electronics Supply Chains (Part 1)

Resilinc

This is part 1 of a 2-part blog addressing the International Civil Aviation Organization's (ICAO) recently enacted ban on the shipment of lithium-ion batteries as cargo consignments on passenger planes and the associated supply chain risks of such provisions. The ICAO – a United Nations agency regulating the transport of dangerous goods on aircraft – has enacted a controversial ban on the shipment of lithium-ion batteries as cargo on passenger aircraft.

Don’t Wait for Dwell Time to Delay Your Freight

TMC

Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port. A transportation management system (TMS) can be used as a communications hub to maintain a high level of supply chain connectivity. Review global trade management processes. Risk Management Transportation ManagementEven containers don’t like to wait in line.

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Don’t Wait for Dwell Time to Delay Your Freight

TMC

Here are three ways that shippers and beneficial cargo owners can mitigate the risk of excessive dwell time in any port. A transportation management system (TMS) can be used as a communications hub to maintain a high level of supply chain connectivity. Review global trade management processes. Risk Management Transportation ManagementEven containers don’t like to wait in line.

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Customer Advisory on Hurricane Harvey

TMC

Please reach out to your TMC account manager if you have additional questions. Operations for freight cargo will remain closed until further notice. Note that when the channels and port open, cargo destined for other ports may be unloaded in Houston. Risk Management Logistics Supply Chain Management Technology Weather