7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products.

A Truth About Global Transportation: It Happens Locally

Talking Logistics

As shippers of all sizes expand their global sourcing, manufacturing, and distribution operations, they have to navigate the complexities involved with global transportation management. What are the main challenges global shippers face today? “It Ten years ago they might have had $1 billion in global revenues and today they’re at $10 billion after multiple acquisitions in different regions, [which creates its own set of challenges].

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4 Challenges in Global Transportation Management

3rdwave

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. Delivery Performance (across the global supply chain). However, where transportation management traditionally focused on the basics of moving “boxes” or “packages”, today it is much more strategic.

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. Transport optimization typically reduces spend by 5-15%. Capturing Freight Spend Visibility.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain. While global freight cost varies significantly by industry and transportation mode, it is a major cost component of internationally sourced products.

Transportation 101: Understanding How to Manage Your Freight Spend

Logistics Viewpoints

When it comes to managing your freight spend, there are a few options to consider. The three traditional methods are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS).

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Complexity in the global supply chain has increased dramatically since that time.

Case Study: How Generac Power Systems Cut Millions from Its Global Transportation Spend

CH Robinson Transportfolio

How Generac Power Systems Cut Millions from Its Global Transportation Spend | Transportfolio. Generac Power Systems, the number one manufacturer of home backup generators, became an international company in a few short years and developed a global supply chain that is now prepared for the next stage of growth. Our team provided North American transportation to Generac at the time. Integrating global freight services was only one challenge.

Improving Global Freight Process Management

Talking Logistics

Many companies operating in the United States have achieved an inclusive look into their transportation spend, but unfortunately many companies that do business on a global level have struggled to achieve full freight process management. Tracking global commerce activity across the entire transportation lifecycle – beginning with planning, including execution, and through settlement—is key for businesses to thrive on a global level.

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Finding Global Transportation Optimization Opportunities

Talking Logistics

When considering your global transportation network, do you have the infrastructure needed to effectively and efficiently optimize it? Typically, this means freight consolidation, mileage reduction, and proper carrier selection. Does the same apply in the global arena? Is your organization sophisticated enough to manage your international freight in house, or do you depend on freight forwarders? How does expedited freight fit into this?

Moving Up the Global Transportation Maturity Curve

Talking Logistics

As shippers of all sizes expand their global sourcing, manufacturing, and distribution operations, they have to navigate the complexities involved with global transportation management. What are the main challenges global shippers face today? How have transportation management systems (TMS) evolved to meet the needs of global shippers? What capabilities should shippers look in a TMS to manage a global transportation operation?

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Complexity in the global supply chain has increased dramatically since that time.

Freight Bill Post Audit Vs. Freight Bill Pre Audit: Benefits, The Difference, and Why They’re Both Important

Cerasis

Auditing is one of the least favorite tasks of people in the logistics and transportation industry, even among those who specialize in performing it! Freight payment and audit services have evolved considerably beyond their one-time scope of correcting errors and recouping spending for already-paid freight bills, particularly in the United States. Freight Audit Benefits. of the freight invoices. Freight Bill Post Audit.

Global Transportation Trends Overheard at Chainalytics Freight Market Intelligence Summit

CHAINalytics

“Now is not an easy time for freight transportation and logistics—whether you’re talking about trucking in North America or ocean and air freight,” said Peter Tirschwell, senior director of content at IHS Maritime & Trade and keynote at the Chainalytics 10th Annual Freight Market Intelligence Summit. The post Global Transportation Trends Overheard at Chainalytics Freight Market Intelligence Summit appeared first on Chainalytics.

Industry Commentary: American Shipper Global Transportation Benchmark Study

Supply Chain Nation

American Shipper recently released its annual benchmark report entitled “ Global Transportation Management Benchmark Study: Climbing the Visibility Sophistication Ladder.” It is an excellent report covering a number of pertinent industry aspects and challenges around developing visibility sophistication globally. When looking at other aspects of transportation process such as consolidation and routing opportunities, the measurement is quite simple.

Important Steps to Achieving Global Freight Management Success

Talking Logistics

Many companies operating in the United States have achieved an inclusive look into their transportation spend, but unfortunately many companies that do business on a global level have struggled to achieve full freight process management. Doug Kahl and Joanne Chan from enVista will explore that question and share insights and advice on how to achieve global freight management success in this timely and informative episode.

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Freight Consolidation: Bridging the Gap between LTL and Full Truckload

CH Robinson Transportfolio

Freight Consolidation: Bridging the Gap between LTL and Full Truckload. While both are effective, there is a third option that can provide more opportunity for bottom line savings and increased efficiency: freight consolidation. Consolidation services combine multiple LTL shipments that are heading in similar locations into a full truckload, and you pay only for the space your freight takes up. Global Transportation Supply Chain Freight Consolidation LTL Truckload

Use Air Freight to Meet Consumer Demands as Supply Chains Accelerate

CH Robinson Transportfolio

And bringing air freight services into the spotlight. . That’s where air freight and third party logistics providers (3PLs)—like C.H. The state of today’s air freight market. Whether you only turn to air freight services for last minute, unplanned shipments or ship everything via air service to accommodate consumers’ demands, you need to be aware that the current air freight climate is changing. Air freight’s unique advantages.

Freight Consolidation: Bridging the Gap between LTL and Full Truckload

CH Robinson Transportfolio

Freight Consolidation: Bridging the Gap between LTL and Full Truckload. While both are effective, there is a third option that can provide more opportunity for bottom line savings and increased efficiency: freight consolidation. Consolidation services combine multiple LTL shipments that are heading in similar locations into a full truckload, and you pay only for the space your freight takes up. Global Transportation Supply Chain Freight Consolidation LTL Truckload

Use Air Freight to Meet Consumer Demands as Supply Chains Accelerate

CH Robinson Transportfolio

And bringing air freight services into the spotlight. . That’s where air freight and third party logistics providers (3PLs)—like C.H. The state of today’s air freight market. Whether you only turn to air freight services for last minute, unplanned shipments or ship everything via air service to accommodate consumers’ demands, you need to be aware that the current air freight climate is changing. Air freight’s unique advantages.

Air Freight: Learning the Basics to Optimize Your Global Supply Chain

CH Robinson Transportfolio

What’s probably the number one reason shippers avoid transporting their cargo by air? Air freight is often more expensive than any other mode of transportation. When considering the cost of a modal shift to air cargo, keep in mind that the freight cost is only one component of the equation. Other benefits within your supply chain—from lower inventory carrying costs and the opportunity to capture market share—may offset the possibility of higher freight costs.

3 Air Freight Trends to Watch for in 2018

CH Robinson Transportfolio

The air freight landscape has experienced some dramatic shifts in recent years. In fact, those events seem likely to produce some headwinds for air freight shippers in 2018 in locating available air capacity, especially during peak seasons. 3 Air Freight Trends to Watch for in 2018. Other airlines will probably try to engage with large shippers in a variety of industries and negotiate directly for their air freight needs. Looking Ahead: Air Freight Strategy in 2018.

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Air Freight: Accelerating Supply Chains

Supply Chain Link

Similarly, air cargo has been a viable mode of global transportation and has contributed to expanding markets for many shippers. This year has been challenging for air freight. Global Supply Chain 3pl Air Freight Cross-Border Export Freight Forwarding OptimizationDecember 17 th marks 112 years since the first airplane took flight 1. Since then, air has been an essential vessel for people and goods to travel the globe.

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Why Thinking ?Global, Yet Local? Makes Sense in Your Air Freight Strategy

CH Robinson Transportfolio

Why Thinking “Global, Yet Local” Makes Sense in Your Air Freight Strategy | C.H. Earlier this year, my colleague, Bogen Chi, wrote a blog about the top 3 global market trends to watch this year in the air freight market: capacity shortages, peak season pressures, and the bright spot of consolidation. In 2009, the global financial crisis hit the freight community hard, and consumers reduced spending and importers tightened their belts.

How to Plan for Common Disruptors in Ocean Freight

CH Robinson Transportfolio

Peak season for ocean freight shipping is underway. This blog examines the “red” times, like the roughly three-month period we have just entered that is historically one of the regular disruptors in the ocean freight market. All of this will cause a tightening of space for ocean freight shipping. These disruptors are not regular; they may or may not create significant impacts on ocean freight service that would increase your business risk.

BRIC 37

The New Silk Road: Have You Evaluated Your Freight Options?

TMC

Various macro forces are redrawing the global trade map, and one of them is China’s revival of the ancient Silk Road trade route. For shippers large and small, the multi-billion-dollar infrastructural project could bring huge opportunities for improving the efficiency of global supply chains—providing they do their homework first. Here’s an overview of the global trade possibilities and potential for the “new Silk Road.”. Silk Road increases global logistics options.

The New Silk Road: Have You Evaluated Your Freight Options?

TMC

Various macro forces are redrawing the global trade map, and one of them is China’s revival of the ancient Silk Road trade route. For shippers large and small, the multi-billion-dollar infrastructural project could bring huge opportunities for improving the efficiency of global supply chains—providing they do their homework first. Here’s an overview of the global trade possibilities and potential for the “new Silk Road.”. Silk Road increases global logistics options.

Importer/Exporters vs Freight Forwarders/3PL – Levelling the Playing Field

3rdwave

Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains. 3rdwave Transportation

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Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. Globally, they stood at $4.8 But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. Globally, they stood at $4.8 But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology.

Keeping Your Business on Track During the Coronavirus Outbreak

CH Robinson Transportfolio

The coronavirus outbreak has prompted an official global health emergency that is severely affecting business operations not only in China but also around the globe. With any kind of widespread health outbreak, global importers and exporters are dealing with unpredictable logistics concerns that require a proactive approach to keep business running as usual. . Connecting with a global supply chain expert to vet reliable options is important to ensure success.

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

CH Robinson Transportfolio

Omnichannel business models often lead to more complicated global supply chains. 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. Global shipments are exposed to multiple risks from a wide range of human and natural forces. Freight Services Global Forwarding Global Transportation Supply Chain

U.S. West Coast Ports: Getting Back on Track

CH Robinson Transportfolio

Your transportation provider should bring all options to you. Research air freight options in situations you may have dismissed in the past. While backlogs are resolved, this may be an opportunity for you to keep your freight moving on time. Has your freight been delayed as it comes in from overseas? If this is the case, look into a solution that diverts your freight to Los Angeles for unloading/transloading. West Coast Ports: Getting Back on Track.

The Belt and Road Initiative: Rail Service between Europe and Asia

CH Robinson Transportfolio

Have you ever considered changing your traditional mode of transportation? Now is the time to utilize all modes of transportation in the most efficient way possible. Chongqing-Duisburg, and Zhengzhou-Hamburg to serve global electronic and automotive companies. In addition, thanks to subsidies from the Chinese government, rates for rail service between Europe and Asia have dropped significantly, making it a cost-effective option to transport goods. Global connectivity.

Asia 47

The Influence of IoT: How it’s Transforming Global Logistics

CH Robinson Transportfolio

The Influence of IoT: How it’s Transforming Global Logistics|Transportfolio. More specifically, it’s impacting the logistics world and global supply chains. We recently released the Navisphere Driver App in Europe to help surface transportation companies prepare for this critical transformation. Navisphere Driver App is part of our Navisphere global technology platform , which integrates with almost any structured data file or ERP.