What Are the Most Important 2020 Freight Metrics to Know?

Cerasis

In early 2020, the market forecast for freight looked bright. Then, coronavirus happened to spread, and now, it will impact global supply chains. The post What Are the Most Important 2020 Freight Metrics to Know? Data Freight 2020 freight metricsThe turmoil of the U.S.-China China trade war appeared at an end, and few disruptions were believed to cause issues in 2020.

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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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

Cerasis

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ).

Overcoming Complacency: How to Drive Even More Supply Chain Metric Success

Talking Logistics

The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time. While most metrics stop at the output level, multiple layers of metrics in a Hoshin Plan actually determine if you’re even focusing on the right targets. A sense of complacency can lurk behind benchmarks.

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX)

Freightos

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). Today, the go-to metric for that question is typically Standard & Poor’s 500, the Nikkei, or the Dow Jones Industrial Average (a shockingly poor indicator , if you look closer). The underlying premise dates back further, even for freight. By 1985, the Baltic Exchange published its first daily dry bulk freight index. A New Freight Index.

The Digital Freight Ecosystem Part 2: What’s Bringing Freight Online

Freightos

The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. Carriers literally do the heavy lifting in international freight. Customer management can be expensive and hands-on, especially in an error-prone industry like freight.

How Quickly Things Change: April Freight Market Index Commentary

BluJay Solutions

Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the April 2020 Freight Market Index report. Before looking into BluJay’s quarterly metrics, JBF Consulting and BluJay want to recognize the devastating impact of COVID-19. The impact of COVID-19 was not felt until March and initially, the result was a surge in freight volumes as consumers stocked up in preparation for quarantine. The Sensitivity of Freight Transport to Economic Volatility.

The Digital Freight Ecosystem Part 2: What’s Bringing Freight Online

Freightos

The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. Carriers literally do the heavy lifting in international freight. Customer management can be expensive and hands-on, especially in an error-prone industry like freight.

Seeing the Bigger Picture: How a Global Trade Network Can Create More Accurate KPIs

Talking Logistics

The question becomes, “how are you comparing your transportation metrics to what’s happening around you?” When you connect to a global trade network (GTN), you can benchmark your company’s performance against the performance of all the shippers in the network. You need to explore the metric relationships to see the full story. Reviewing the metrics simultaneously helps identify potential cause-and-effect relationships.

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.

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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.

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. This highlights the need for having visibility of a product/SKU throughout the global transportation life-cycle. visibility to performance metrics. What should a global TMS provide?

Manufacturing Labor Productivity: A Vital Metric to Spur for American Manufacturing to Compete

Cerasis

Manufacturing: A Global Competitive Landscape… Can the US Keep up? With these reforms, the United States would have a chance to make up ground and remain competitive internationally in the global race for innovation. Twitter The post Manufacturing Labor Productivity: A Vital Metric to Spur for American Manufacturing to Compete appeared first on Freight Logistics Company | Cerasis.

How Do You Measure “Free Time” Across Your Global Supply Chain?

Talking Logistics

While we all think that we measure time in the same way, that can change inside a complex global supply chain. How do you account for Free Time across your global supply chain? This is where metrics can get a little fuzzy. However, the reality was that the 4% metric was misleading. Visibility to the underlying data that drives your global supply chain is a critical success factor in today’s competitive global marketplace.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

Global supply chains are one of the longest and most complex of business process systems due to the many moving parts, multiple transfer points, diverse company types/players involved and the sheer length of these supply chains. Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). Spire Global has worked with Odyn.ai

Seasoned Leadership in Action™ Interview Excerpts: Lessons Learned by Global Leaders

Supply Chain Game Changer

” Here is a summary of how these Global Supply Chain and Business Leaders responded and shared their lessons learned: Kristie Syndikus, VP Procurement at Maple Leaf Foods. Sam Samadi, Head of Global Quality/Compliance at Casper. Plus, metrics protect you. Subscribe Here!

23 Reasons the Ideal TMS is best for LTL Freight Shipping

Cerasis

Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation. It is hard to monitor the performance of employees in today’s global economy. Mobile Access to KPIs and Metrics. While its key benefits revolve around LTL freight shipping, the ideal TMS actually results in a wide array of benefits for an organization, which apply to all positions from CEOs to custodial workers.

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.

Writing: Working on My Book

Supply Chain Shaman

Interview for Metrics That Matter. My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. As background, Peter Gibbons is the Executive Vice President, Global Supply Chain for Mattel, Inc. Prior to joining Starbucks, he worked at the executive leadership level in Europe, Latin America and North America at ICI, a global chemical company. Which metrics do you think matter to supply chain excellence?

Wanted: Supply Chain Architects!

Supply Chain Shaman

This work is typically periodic to accompany a freight bid or an end-to-end project. While executive leadership teams will often use these terms interchangeably, seeing the impact on a geographical map for a global network stimulates a different level of dialogue. I then pack my bags and scoot out the door to sign books and discuss the research completed for the S upply Chain Metrics That Matter book at the ISM event on Thursday, May 14th in Atlanta.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

When the COVID-19 pandemic began wreaking havoc in global supply chains, smaller companies turned to 3PL providers for help. Bigger companies with global supply chains, however, realised they needed sophisticated digital technologies and streamlined supply chain processes to help them survive.

Inbound Parcel Freight: What Are the Top Considerations for a Shipper?

Cerasis

Managing inbound parcel freight has increased in complexity with the global rise of e-commerce. Amazon has mastered inbound parcel freight management as part of its third-party marketplace, and small and mid-sized shippers are struggling to keep up. While part of the larger scheme for global economic growth, inbound parcel freight has become a top priority for shippers. What’s Causing Problems With Inbound Parcel Freight Management?

The Global Supply Chain is Evolving – Are you ready?

MAVES

The global supply chain is evolving every day, adding complexity to the roles of shippers and their third-party logistics providers (3PLs). Their concerns include: infrastructure, economic stability, freight and supply chain transparency, tax regulations, security, and cross border shipping details. The following is a list of the most influential new requirements driving the modern supply chain to adopt change: Globalization of Business. Advanced Analytics / Metrics.

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Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

million shipped items and 60 metric tons of air freight.*. Large global events like the World Cup underscore the requirements involved in the daily work of logistics and supply chain. Companies are confronted with an ever-more challenging, multifaceted environment, and a global economy. With an end-to-end supply chain platform and Global Trade Network, organizations get competitive advantage to deliver on their goals and win more customers.

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

Talking Logistics

Uber Freight: Transportation Facility Brand Managers. As reported by Transport Topics , “Truck drivers using the Uber Freight load-booking app can now rate shippers’ and receivers’ facilities and share feedback on factors such as wait times and amenities.” The same ratings and reviews also are available to shippers within Uber Freight’s shipper platform. The growing uncertainty and risks in global trade management (e.g.,

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.

Global Logistics and the Transportation Management Center: The Next Phase in Network Agility

BlueYonder

In my previous article on the evolution of transportation management, Driving Value from a Transportation Management Center: Think Global, Act Local , I discussed how transportation best practices were evolving from more rigid, centralized control towers to more flexible and collaborative Transportation Management Centers (TMC). To answer these questions, shippers must examine both global process issues and the application of technology. Navigating Global Processes.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

We then rated companies on their ability to manage and improve a portfolio of metrics: operating margin, inventory turns and Return on Invested Capital (ROIC). To make the Supply Chains to Admire list, a company had to score above average of their peer group for supply chain improvement as measured by the Index, and drive performance above average in the portfolio of metrics for operating margin, inventory turns and Return on Invested Capital (ROIC).

Tips for Retailers (And All Shippers) to Overcome the Amazon Effect

Cerasis

The Growth of Parcel Shipping on the Rise Thanks to the Amazon Effect Overall, parcel shipping is growing at a robust 10-percent clip as all other freight modes are basically flat, growing at a very modest 1 percent. The impact is being felt globally as China’s parcel spend increased by 45 percent year-over-year. Freight Logistics Omnichannel Small Package amazon effect

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Supply Chain Scope: New Study Shows Rise in US Inventories; California Estimated to Improve Freight Efficiency by 25% in 2030

Arkieva

Sustainable Freight Action Plan for California is estimated to Improve Freight Efficiency by 25% in 2030. The Sustainable Freight Action plan released by California governor Jerry Brown outlines a long-term 2050 vision and guiding principles for California’s future freight transportation system. Targets for 2030 Include: Improve freight system efficiency 25 percent by 2030. Foster future economic growth within the freight and goods movement industry.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

The IMO’s (International Maritime Organization) new Sulphur regulations, IMO 2020, will have far-reaching consequences for the global trade community. Due to the high level of pollutants in the exhaust of the bunker currently used to power some 60,000+ ships globally, the IMO is going to implement a new regulation regarding these fuels on January 1, 2020. Under this regime, the primary responsible party in the freight market will be the vessel owner or operator.

5 Easy Ways to Monitor Supply Chain Health

TMC

Do you have the right metrics? Metrics show how your supply chain is performing—providing they are the right ones to do the job. Inappropriate metrics can give a false or incomplete picture of supply chain performance. Second, what metrics are the best indictors of performance in terms of these goals? How much are you spending to move 100 pounds of freight? These are examples of metrics that may or may not support your goals.

The Story Continues…. Let’s Don’t Sugar Coat the Real Issue

Supply Chain Shaman

The people on the ground–my contacts in the 3PL, freight forwarding and transportation industry–know that the labor strife is only a part of the larger story. I don’t think that the ports are up to the challenge of moving the high-levels of freight with larger ships without rethinking unloading space, equipment and flows. With the rise of the global multi-national, Asian flows are essential to today’s manufacturing operations.

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

project44 Launches Global Parcel Visibility. Blockchain in Global Trade: Maersk, IBM, and CBP. Blockchain might not be able to solve, cure, or save everything as the hype suggests, but there are certainly applications where the business case makes more sense, such as global trade because of the many different parties, documents, regulations, and financial transactions involved. This is self-contradictory,” said Jansen at the [Global Liner Shipping Conference].

[PODCAST] How Shippers Can Compete Against Rising Transportation Costs & Competition Using Data

Cerasis

Hello and welcome back to another episode of “The Freight Project Podcast!” On today’s episode we welcome Hannah Testani, Chief Operating Officer of Intelligent Audit , a global logistics and freight audit company. We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. We hope you enjoy this very first episode of The Freight project podcast!

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