The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. In this article, we explore the pros and cons of the alliance model in the shipping industry, compare the solo strategy versus alliance strategy, and provide tips on how shippers can prepare for market swings.

Risk Management 130

Risk Management Negotiating Skills Vendor Strategies Resource Reduction 130

GlobalTranz

DECEMBER 22, 2020

For example, online shopping will grow faster than expected, and consumer behavior may shift in response to ongoing pandemic-related challenges. That trend also plays into an extended peak shipping season and ongoing tightened capacity in all modes. Consumer Spending Shifts Will Continue To Impact The Truckload Freight Market.

Forecasting 156

Forecasting Forecasting Software Freight Inventory Reduction 156

Freightos

JUNE 15, 2021

Disclaimer: This article is a zoom out for the less freight-inclined. If you have a deeper understanding of freight, you might want to check out our Freightos Baltic Index daily container index instead. Let’s talk freight. . And it’s not just ocean freight. Container shipping costs are usually shockingly low.

Global 397

Global Supply Chain Price Reduction Supply and Demand 397

Logistics Viewpoints

NOVEMBER 2, 2021

When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. It’s an apt metaphor for ocean shipping these past many months. And the list goes on.

Supply Chain Planning Software 184

Supply Chain Planning Software Supply Chain Design Software Scenario Planning Modeling Software 184

Talking Logistics

AUGUST 13, 2018

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . One area that can quickly yield benefits is in parcel shipping.

Negotiating Skills 103

Negotiating Skills Optimal Sourcing Optimization Software Price Mitigation Strategies 103

Freightos

DECEMBER 4, 2015

COP21, the Paris Climate change conference taking place this week got us thinking what the carbon cost was for shipping the TV. A quick check showed that shipping the TV from Taiwan to Nashville (ocean & trucking) led to about 6.7 The broader climate issue.and freight’s role. kg of carbon emissions.

Freight 120

Freight Cost Reduction Strategies Optimal Sourcing Nashville 120

Freightos

OCTOBER 31, 2022

But then global freight kicked in. . It really got tricky when we hadover thousands of unitsin production and were starting to book freight and suddenly realized that the cost of freight was almost 4 or 5X what we had budgeted. You can hear the full interview with Conor in our podcast series, Ship Happens. .

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain 156

Freightos

MARCH 17, 2019

The annual fixed-price contract is the current go-to for ocean freight procurement. Fixing a price is almost futile in a volatile market, and ocean freight now has much more volatility (both frequency and magnitude) than most other commodities. Source: SGX, Freightos Baltic Index. Source: Freightos Index Linking Survey.

Optimal Sourcing 120

Optimal Sourcing Procurement Freight Price Reduction 120

Logistics Viewpoints

SEPTEMBER 26, 2022

For example, shippers spent much of last year bemoaning soaring ocean shipping rates and ships waiting for days to unload once they reached their destination port. This needs to be done carefully, a company needs to make sure they don’t force their key vendors into bankruptcy.

Vendor Strategies 204

Vendor Strategies Forecasting Long Beach Supply Chain 204

Logistics Viewpoints

DECEMBER 5, 2022

The 2010 Eyjafjallajökull volcano eruptions in Iceland, for example, caused enormous disruption to air shipments across Western Europe. There was no air freight possible then into Europe,” added Gerald van den Eijnden. Yes, SAP had inbound ASN’s (advanced ship notices). But they were very basic. Eberle stated. “If

Agile and Lean Supply Chain 196

Agile and Lean Supply Chain Rail Software Manufacturing Procurement Supply Chain Planning Software 196

GlobalTranz

MARCH 24, 2016

For manufacturers and shippers, freight spend represents one of the largest costs to the respective company. However, freight rates are continuing to increase , yet the end users continue to demand lower shipping rates. However, freight rates are continuing to increase , yet the end users continue to demand lower shipping rates.

Cost Reduction Strategies 120

Cost Reduction Strategies Waste Reduction Freight Transportation 120

Supply Chain Collaborator

AUGUST 5, 2015

More than a year ago, the Supply Chain Collaborator blog examined the trend toward crowd sourcing and wondered aloud whether an “Uber for commercial shipping” was imminent. Yet, as an op-ed in the Wall Street Journal concludes, we are still nowhere near developing a killer app for crowd sourced commercial shipping.

Sourcing Strategies 60

Sourcing Strategies Optimal Sourcing Sourcing Shipping 60

Freightos

FEBRUARY 16, 2020

The digitization of commerce created a path for giants like Amazon and Alibaba to dominate their respective storefront/fulfillment and sourcing roles in the market. million freight containers each year. But this spike put capacity on container ships at a premium, pushing freight rates way up as well.

Purchasing Skills 177

Purchasing Skills Supply Chain Software Price Reduction Manufacturing Procurement 177

Freightos

AUGUST 14, 2023

In one example, an employee of Varda, a SpaceX-like company, began to publicly attempt to replicate the study and had over 10,000 people tuning in to watch a live stream of rocks in a furnace. We’ve been here before with Blockchain and Tradelens, which launched in 2018 and was done by the end of Q1 2023 – a good example of hype waves.

Logistics Network Optimization Software 253

Logistics Network Optimization Software Price Reduction Material Savings Supply Chain Software 253

GlobalTranz

AUGUST 11, 2021

Indicator 2: Freight Spend Seems to Be Spiraling Out of Control. Another indicator of switching from in-house to managed logistics transportation services is expanding freight spend. During times of high market volatility, freight spend will inevitably grow faster than anticipated. Take an example.

Logistics Network Optimization Software 294

Logistics Network Optimization Software Transportation Supply Chain Software Supply Chain Planning Software 294

Resilinc

NOVEMBER 2, 2021

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.

Inventory Reduction 62

Inventory Reduction Retail Cost Reduction Strategies Resource Reduction 62

Supply Chain Matters

MAY 22, 2023

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. The firm’s Maersk Line container shipping business unit reported net profit of $2.3

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Talking Logistics

NOVEMBER 15, 2016

Freight Audit may not be the sexiest aspect of transportation management, but that doesn’t mean it doesn’t play a critical role in helping companies effectively manage and control their transportation spend, as well as provide valuable insight to drive continuous improvement.

Freight 0

Freight Analytics Software Procurement Analytics Sourcing Strategies 0

Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. Get better deals on shipping rates.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

Zipline Logistics

SEPTEMBER 7, 2021

If you have an order that needs to get to its destination in a hurry, expedited freight options could be your best choice for delivery. Though often a result of an unexpected need, there is still a way to control costs and ensure quality performance when arranging expedited freight services. What Is Expedited Freight?

Freight 52

Freight Negotiating Skills Manufacturing Procurement Inventory Reduction 52

Logistics Viewpoints

AUGUST 14, 2023

The large fines above are examples of this class of penalties. But even here, Mr. Barraco explains, there is a difference between accidentally shipping goods to bad actors and “intentional violators.” For example, the U.S. A TMS helps companies move freight from origin to destination efficiently, reliably, and cost-effectively.

Global 175

Global Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 175

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

The ongoing impact of the pandemic brings greater challenges and obstacles with increased consumer demand, limited resources, shipping congestion, and labor shortages. Automation, cargo tracking, robotics, and remote fleet management are all examples of how IoT can be used to harness organizational data and gain insights into key processes.

Supply Chain Disruption 246

Supply Chain Disruption Optimal Sourcing Supply Chain Software Agile and Lean Supply Chain 246

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Logistics Viewpoints

FEBRUARY 26, 2024

Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. For example, when a UPS strike was looming last year, the Interos solution automatically highlighted Cooper’s strategic suppliers that relied on UPS for shipping.

Supply Chain Planning Software 248

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Pharmaceutical 248

Logistics Viewpoints

OCTOBER 6, 2021

After all, this aggregate number hides the numerous examples of goods that are fully out of stock and cause lost sales to the merchants. Source: Descartes Datamyne. The Marine Exchange of Southern California has stated on its Twitter page @MXSOCAL ship report a number of records at the Port of LA/Long Beach.

Supply Chain Disruption 213

Supply Chain Disruption Agile and Lean Supply Chain Supply and Demand Supply Chain 213

QAD

FEBRUARY 20, 2024

The Causes of Stock Loss Sources of stock loss can include: Incorrect part movement Scrap with parts being dropped and damaged Shipping inaccuracy from warehouses and suppliers Manual mistakes in the processes Supplier performance Inaccurate forecasting Split shipments can also cause issues.

Manufacturing Procurement 96

Manufacturing Procurement How To Material Savings Supply Chain Design Software 96

Ware2Go

OCTOBER 21, 2021

Customer expectations for shipping are higher than ever. Why Shipping Costs Matter. In today’s anything, anytime connected world, shipping costs and delivery speed have become make-or-break factors for small-and-medium sized businesses (SMBs) across the business-to-business (B2B) and business-to-consumer (B2C) spectrum.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Inventory Reduction Resource Reduction 52

Logistics Viewpoints

JULY 28, 2021

As I mentioned in an earlier post on the growth drivers for the Transportation Management Systems market , transportation visibility tools are one of a number of technologies that are improving performance and helping to reduce freight spend. Visibility solutions are becoming more necessary.

Real-time Visibility 246

Real-time Visibility Transportation Forecasting Software Predictive Analytics Software 246

Logistics Viewpoints

OCTOBER 31, 2022

When the supplier has produced the goods, they send an advanced ship notice (ASN) to ZF via SupplyOn. Which ship are the components being shipped on. After 14 weeks the ship will arrive, customs clearance and post-carriage will be done and we will get our parts.” Or do we need to ship this by air?”

Agile and Lean Supply Chain 197

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Lean 197

Supply Chain Game Changer

NOVEMBER 26, 2018

In going door to door trying to sell a Freight Management service, as well as in my experience working in companies, I have had the opportunity to see a variety of ways in which companies, large and small, were managing their Freight and Logistics spend. Freight and Logistics. You must manage Freight and Logistics.

Cost Reduction Strategies 68

Cost Reduction Strategies Waste Reduction Expense Reduction Resource Reduction 68

Logility

MARCH 29, 2022

Manufacturers and shipping companies assumed that because of layoffs, demand would drop. As the pandemic eased, ports suffered bottlenecks, natural disasters disrupted freight movement, railways suffered congestion, and new legislation further complicated the movement of goods. Shipping costs have skyrocketed.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply and Demand Supply Chain Optimization 130

ivalua

JUNE 1, 2022

Digital transformation will lead to the evolution and digitization of key procurement processes, from source-to-pay. For example, saving 10% by buying supplies in India or China must be weighed against the potential risk of supply chain disruption in case of a crisis like Covid-19. “They see the value proposition,” Kunnummal said.

Supply Chain Planning Software 130

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software Manufacturing Procurement 130

Talking Logistics

MARCH 7, 2016

Freight tons moving on the nation’s transportation network will grow 40 percent in the next three decades while the value of the freight will almost double, increasing by 92 percent, according to the latest projections by the U.S. Take cargo airships, for example. trillion in 2015).

Freight 100

Freight Purchasing Skills Procurement Analytics Cargo 100

GlobalTranz

APRIL 6, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. For example, many supply chain resiliency plans may have considered a health crisis in which organizations and key partners face lower-than-normal staffing levels.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

At the same time the largest container shipping liner, Maersk Line, has ordered eight large ships powered by carbon neutral methanol carrying approximately 16 000 containers each, and made a call for “pit stops” for appropriate infrastructure to source green methanol. Amazon, A.P.

Supply Chain Design Software 240

Supply Chain Design Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Network Software 240

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

For example, some of our warehouses around the world produce more energy than they consume, using solar panels, wind power, LED technology and efficient equipment. To help our customers keep track and make informed decisions about their freight transportation options, we have developed “ a logistics eco-calculator” hosted on our website.

Resource Reduction 242

Resource Reduction Supply Chain Planning Software Global Supply Chain Software 242

Supply Chain Game Changer

SEPTEMBER 2, 2020

Touchless fulfillment and shipping article, and permission to publish here, provided by Jenis Sheth. Supply chains all across the planet are discovering and rediscovering various solutions to make shipping and fulfilment touchless. Touchless Fulfillment and Shipping (New Normal). Subscribe Here! Email Address.

Shipping 53

Shipping Cost Reduction Strategies Inventory Reduction Sourcing Strategies 53