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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.

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Top Digital Supply Chain Cities in the U.S.

Material Handling & Logistics

Content Summary: Chicago ranks number 1 among the seven metro areas in projected supply chain management and technology employment growth; in net job creation for supply chain-related industries; in freight flow; and in inventory holding. New York City. Media Type. Media Caption. New York City. Privacy Settings. anonymous user.

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Launching the Freightos Baltic Index (FBX) for Daily Rates

Freightos

As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. Prices for everything and anything are subject to change and freight rates for containers are no different.

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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. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times.

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This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

I was hoping for 70F+ weather, but even Florida fell victim to the Polar Vortex, with temperatures only in the 50s (which felt tropical, nonetheless, compared to Chicago and Boston). Uber Freight: Transportation Facility Brand Managers. I was in Orlando, Florida this week moderating workshops for a logistics service provider client.

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An Efficient Supply Chain is by Nature a More Sustainable One

CH Robinson Transportfolio

But in a world ever more conscious of the imperative to reduce carbon emissions, helping customers move their freight more efficiently has taken on new urgency. Our customers are tackling their carbon footprint from all angles, from their facilities to the source of their electricity. For example, because C.H. More efficient.

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Like A Green Lump of Clay….

Supply Chain Shaman

My schedule had me on a plane to Chicago at the time of the presentation. In the supply chain, variability and volatility come from many sources. The best way to start the design of an agile supply chain is to look at the sources of variability and market volatility that your supply chain encountered in the prior year.