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. The 7 Core Competencies for Optimal Global Transportation and Freight Spend Management.

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. Freight Management.

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].

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. The 7 Core Competencies for Optimal Global Transportation and Freight Spend Management.

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.

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. In 2014, a Supply Chain Council survey found that managing global supply chain complexity was among the top 5 major issues.

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. 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?

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 Audit Benefits. Based on the research of inboundlogistics.com, freight costs can make up 10% of an organization’s expenditure.

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. Air freight’s unique advantages. What comes to mind when you think about air freight?

Global Transportation Trends Overheard at Chainalytics Freight Market Intelligence Summit

CHAINalytics

The post Global Transportation Trends Overheard at Chainalytics Freight Market Intelligence Summit appeared first on Chainalytics. Blog Transportation What's New FMIC FMIC Summit Keynote

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.

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. Air freight’s unique advantages. What comes to mind when you think about air freight?

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.

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.

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.

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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. Definition: As the name suggests, your freight is shipped as soon as a flight is available.

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. In 2009, the global financial crisis hit the freight community hard, and consumers reduced spending and importers tightened their belts.

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 Optimization

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.

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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. 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. Here’s an overview of the global trade possibilities and potential for the “new Silk Road.”. Silk Road increases global logistics options.

Global Trends Podcast Discusses Today’s Challenges

CH Robinson Transportfolio

Tariffs are the hot topic today, but there are a few other conditions causing challenges for today’s global supply chain professionals. Air freight typically starts to get a little tighter towards the end of September going into October due to Chinese New Year.

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.

Brexit: China and the changing world of trade

BluJay Solutions

The development of global trade networks, supported by real-time data exchange and cloud-based software, allow potential partners worldwide to develop closer relationships than ever. One of rail freight’s key benefits is also a challenge to logistics firms.

China 101

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.

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. The post The Influence of IoT: How it’s Transforming Global Logistics appeared first on Transportfolio.

Panduit Optimizes Global Freight Spend with Oracle Transportation Management Cloud

Oracle SCM

Panduit is a global manufacturer of physical infrastructure equipment that supports power, communications, computing, control, and security systems. Value Chain Execution cloud freight otm panduit spend story transportation

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Uncertainty in Today’s Air Freight Market: What it Means for You

CH Robinson Transportfolio

The cyclical nature of air freight. Air freight service predictably follows the law of supply and demand. New disruptors to the air freight market. Adjust your air freight strategy based on the market. Air Freight Global Forwarding Global Transportation

3 Benefits of LCL Shipping

CH Robinson Transportfolio

One way global shippers can deal with tight transit times and fast changes in demand is to keep a lot more inventory on hand. LCL offers consistent weekly sailing schedules for ocean freight. Before selecting a freight forwarder, ask them if they run their own consolidations.

The Pros and Cons of Air Charter Service

CH Robinson Transportfolio

This is especially true when the transportation industry faces disruptions, whether they be natural catastrophes, strikes, or shortages. This is a good option for situations when you do not have enough freight to fill a plane but still need capacity.

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Three Questions: Your Key to Saving in Global Forwarding

CH Robinson Transportfolio

Three Questions: Your Key to Saving in Global Forwarding | Transportfolio. Want a quick “win” in global forwarding costs? The third party logistics (3PL) provider you choose with LCL capabilities will combine complementary freight from multiple shippers into a single container.

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How General Average Could Ruin Your Ocean Cargo Deliveries

CH Robinson Transportfolio

When this happens, all the merchants with freight on the vessel are required to share in the cost of the expenditure before the goods are released. The vessel carrying your freight sustains damage and requires repair at a port of refuge in order to proceed with the intended voyage.

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