Remove Chicago Remove Freight Remove Manufacturing Remove Metrics
article thumbnail

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.

article thumbnail

Top Suppliers of Transportation Execution and Visibility

Logistics Viewpoints

When it comes to executing mode-specific freight moves from origin to destination efficiently, reliably, and cost-effectively, transportation execution and visibility solutions play a critical role. The supply ecosystem connects over 630,000 manufacturers and suppliers. FourKites is a private company headquartered in Chicago in the US.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

President Andrew Lynch On What We Must Do To Create Nationally Secure And Resilient Supply Chains

Zipline Logistics

So, what must manufacturers and policymakers do to ensure that we have secure and resilient supply chains? I moved to Chicago to work for the world’s largest 3PL and quickly fell in love with the constant opportunity to solve problems. CPU is an alluring logistics option in which your customer picks up your freight for you.

article thumbnail

Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Freight cost analysis Freight cost analysis determines the cost of getting inventory from one place to another, such as freight shipping costs and tracking the time between the date of shipment and the date of receipt. Finished goods cost analysis A finished goods cost analysis is ideal if you create your own products.

article thumbnail

UPS Executive Shares Insights on Total Cost of Ownership in the Electronics Supply Chain

Supply Chain View from the Field

This distinguished gentleman happened to have just retired as President of Global Freight Forwarding, and prior to that, as President of UPS Asia Pacific. In this case, the context was an annual bid and quote negotiation they had to do with electronic manufacturers who wanted to ship products from the factories in Asia to the US.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. 49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. Raw Material Shortages Are Affecting a Challenged Supply Chain.

article thumbnail

Why Singles Day Will Become A US Sales Festival

Freightos

Why This Matter for US Exporters and Manufacturers. One popular metric – a country’s logistics costs as a percentage of GDP – has China at 18% and the US at only 8.5%. Trucking that same container from Long Beach to Chicago can cost more than double that price. Last week, Alibaba pulled in $17.4