Remove Freight Remove Global Transportation Remove Inventory Remove Shipping

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.

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%. This ensures goods are shipped right the first time.

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

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.

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.

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.

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.

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.

Use Air Freight to Meet Consumer Demands as Supply Chains Accelerate

CH Robinson Transportfolio

And bringing air freight services into the spotlight. . Reducing or eliminating inventory carrying costs, along with out of stocks using detailed analysis tactics had been the goal for many. Today, consumer expectations for next day (or even same day) delivery can place undue pressure on an organization’s inventory strategy and existing replenishment capabilities. That’s where air freight and third party logistics providers (3PLs)—like C.H.

Use Air Freight to Meet Consumer Demands as Supply Chains Accelerate

CH Robinson Transportfolio

And bringing air freight services into the spotlight. . Reducing or eliminating inventory carrying costs, along with out of stocks using detailed analysis tactics had been the goal for many. Today, consumer expectations for next day (or even same day) delivery can place undue pressure on an organization’s inventory strategy and existing replenishment capabilities. That’s where air freight and third party logistics providers (3PLs)—like C.H.

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. Recently, I had the chance to talk with Eric Kleinsorge, publisher of Global Trade Magazine for a GT Podcast titled Global Logistics & Current Market Trends. Air freight typically starts to get a little tighter towards the end of September going into October due to Chinese New Year.

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.

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. . Assessment of inventory levels. How are existing inventories compared to sales projections?

China 50

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

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

Countdown to Black Friday: It’s the Final Countdown, So Get Your Shipments Up in the Air

CH Robinson Transportfolio

It adds efficiency and flexibility to your supply chain and better equips you to quickly replenish inventory throughout the holiday shopping season as consumers sweep through aisles or fill their online shopping carts. When you’re evaluating the costs of air cargo , freight is only one component of the equation. Those services may not be top of mind when considering freight options, but they move in concert with the speed of freight and are key to ensuring on time delivery.

Cargo 43

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. The idea is to use as much of the available space as possible before the ocean vessel cutoff for freight. Do you have global coverage and LCL capabilities to provide flexibility?

Cargo 34

The Ultimate Global Shipping Guide: Everything You Need to Know

CH Robinson Transportfolio

Succeeding in global shipping can be difficult; you need to navigate transportation options, customs compliance, and ever-changing industry practices. In order to help you remain compliant, keep costs down, ensure efficiency, and stay on top of new trends and technologies, we’ve created this guide to help you conquer all of your global shipping challenges. Developing an optimal global shipping strategy. Ocean shipping.

Cargo 34

The Ultimate Global Shipping Guide: Everything You Need to Know

CH Robinson Transportfolio

Succeeding in global shipping can be difficult; you need to navigate transportation options, customs compliance, and ever-changing industry practices. In order to help you remain compliant, keep costs down, ensure efficiency, and stay on top of new trends and technologies, we’ve created this guide to help you conquer all of your global shipping challenges. Developing an optimal global shipping strategy. Ocean shipping.

Cargo 34

What’s Your Plan if There’s a West Coast Port Strike?

CH Robinson Transportfolio

Or, will we see a repeat of 2002, when a 10-day lockout left dozens of ships lined up outside the West Coast docks, unable to unload? Still, although nothing is certain at this time, if you ship goods to the West Coast ports, you can consider your options: 1. Consider moving critical products via air freight and/or using a sea-air option to minimize the impact of increased costs. Global Transportation Supply Chain Global Shipping ILWU PMA Port Strike Supply Chains

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

CH Robinson Transportfolio

Reoccurring annual events, like the holiday season, typically bring predictability to air shipping. The cyclical nature of air freight. Air freight service predictably follows the law of supply and demand. When shipping volumes spike, space on airlines becomes harder to secure and prices go up. If shipping volumes diminish, space on airlines becomes readily available and the prices go down. New disruptors to the air freight market.

Moving Auto Components in India: More Complex than You’d Expect

CH Robinson Transportfolio

As much as those in the auto component industry embrace this opportunity, they still have to navigate through several challenges when manufacturing in India, and one of those challenges is transportation. However, many of the auto components manufacturers who choose to include India in their supply chain and handle their own shipping face concerns over the current infrastructure across the country. We set up a crossdock operation to ship the goods directly to the end buyer.

India 51

New Panama Canal Options: Running the Numbers with a TMS

TMC

These enterprises are no longer reliant on the Suez Canal route for shipping freight on Post-Panamax container vessels to the United States. A transportation management system (TMS) can help shippers weigh the pros and cons of each option. As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size. The impact of transit time on routing decisions varies with the type of product being shipped.

6 Things to Consider as You Plan Your 2016 Budget

CH Robinson Transportfolio

For example, the China-owned COSCO and China Shipping Container Lines (CSCL) have confirmed their merger. It becomes imperative that your service provider has the ability to effectively load every import container with domestic freight or exports to help ensure efficiencies, reduce carbon footprint, and create collaborative value to the ocean carriers. Moving and planning inventories on both fixed and spot—or even pegging rates to an index—are options.

3 Ways El Niño Could Impact Your Supply Chain and What You Can Do about It

CH Robinson Transportfolio

Mode of Transportation. Often we see a snowball effect by mode of transportation. When truck capacity gets tight, shippers switch to less than truckload (LTL), and when that fails they move to air freight and charters. Globally, it’s the same thing; when ocean shipments are consistently delayed, shippers will switch to air shipping in order to keep inventory in stock and shelves full. Your transportation budget starts to break down.

#1 Way to Save on Global Forwarding

CH Robinson 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. The idea is to use as much of the available space as possible before the ocean vessel cutoff for freight. The process of cargo consolidation results in better freight rates for you, and better cargo security measures.

Transpacific Air and Ocean Shipping Space Is Already Tight

CH Robinson Transportfolio

Transpacific Air and Ocean Shipping Space Is Already Tight | Transportfolio. If you’ve heard the term “perfect storm” applied more to transportation lately than you have since the book by Sebastian Junger came out in 1997, you’re not alone. Unfortunately, it’s the best way to describe what is happening right now in the air and ocean freight markets. Peak shipping season has heated up early. Usually, this is roughly how a typical busy season goes: Air freight.

Cargo 34

What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

Reoccurring events—like the holiday season—used to provide some level of predictability to ocean shipping trends in the transpacific eastbound (TPEB) trade lane. As many shippers front-loaded inventory in the second half of 2018—especially the fourth quarter—to avoid potential tariff increases, the market saw drastic volume increases beyond what we’ve come to expect from years’ past. Higher inventories to avoid tariffs. Have a plan for freight once it reaches port.

What If Your Supply Chain Had A Control Tower?

Freightos

In an more volatile global business environment, supply chain managers simply need to optimize efficiency. The idea of a supply chain control tower emerged in 1990’s, triggered by the need to view and control the movement of goods in factories, distribution centers and pipeline inventories. Outcomes include increased responsiveness, shorter lead times, reduced transportation costs, and increased flexibility in supply chain operations. Live market freight rates?

Utilizing a 3PL to Apply Transportation Management Best Practices For E-Commerce

Cerasis

In the age of e-commerce, maintaining the status quo will result in failure, disgruntled customers and added expenses, but shippers that leverage 3PL resources to apply transportation management best practices for e-commerce , as listed below, can navigate the issues that arise in e-commerce and achieve sustained profitability. As a result, shippers must understand the transportation management challenges in e-commerce. Faster shipping. Lowered freight spend.

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

CH Robinson Transportfolio

Reoccurring annual events, like the holiday season, typically bring predictability to air shipping. The cyclical nature of air freight. Air freight service predictably follows the law of supply and demand. When shipping volumes spike, space on airlines becomes harder to secure and prices go up. If shipping volumes diminish, space on airlines becomes readily available and the prices go down. New disruptors to the air freight market.

How to Optimize Global Demand Fulfillment

3rdwave

Global transportation is the nexus through which all related international transportation information flows. Capturing, aggregating, and analyzing all the global supply chain transportation and product/SKU level detail is foundational to having end-to-end supply chain visibility. Optimized demand fulfillment is defined by the success in getting the right product, to the right destination at the right time with minimized safety inventory.

The Business Case for a Global TMS

3rdwave

Managing global freight is ladened with challenges. Demands on the transportation teams are growing as political posturing ramps up causing rapid disruption to global supply chains. A global TMS solution provides an automated and systemic way of addressing the challenges that are the reality for most organizations that source globally. The major benefits that global TMS provide a company are operational, management, and “C”-level control.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

With the availability of the CMR-6100 and ZEST Data Services, Intelleflex continues to develop new solutions that can help reduce staggering losses in global supply chains totaling over $35 billion in perishable foods1 and $5.4 To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. FedEx set out to become a global logistics player as a full-service freight operator.