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Are Ocean Freight Prices Absolutely Broken?

Freightos

Special thanks to Lars Jensen, CEO at Sea Intelligence Consulting and Zvi Schreiber, CEO of Freightos Group for their input and insights for this report. . Shipping containers are like scotch. . Is ocean freight pricing broken? COVID-19 Freight Insights Logistics Technology

[e-Book] The Essential Guide to Inbound Freight Management

Cerasis

How Big Is the Problem Of Inbound Freight Management? Inbound freight management is receiving a lot of attention as businesses continue to look for ways to manage shipping costs. If you’re looking to save costs on shipping, take a look at inbound shipping. Depending on the industry and size of the company, a business can spend more than 40% of its annual freight budget on inbound shipping, according to the Aberdeen Group, a research firm in Boston.

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model.

Too Much Focus on E-Commerce Shipping Practices? The Important Reminder That Logistics Fundamentals Still Matter

Cerasis

Unfortunately, e-commerce shipping practices, although different from traditional retail shipping, still fall short. Supply chain leaders need to understand why logistics fundamentals will continue to shape e-commerce shipping strategy. What’s Wrong With E-Commerce Shipping Practices? In addition, e-commerce shipping practices must consider labor management, specifically loading and unloading, as well as yard management. Leverage freight consolidation programs.

Inventory Management Techniques That You Need to Know About

EMERGE App

Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. Rather, it’s a carefully curated list of inventory management techniques that work for our wholesale and distribution customers around the world. What we will cover are practical inventory management techniques that: Our customers use; and. What is Drop Shipping?

A Holistic Approach to Freight Savings with Mike Eberl

The Logistics of Logistics

I was hired as an accountant for an on-demand air charter operator that moved executives and high priority freight. We were primarily in the expedite business, targeting manufacturers of all sizes who were running just-in-time inventory systems that made an intermediary component in someone else’s just-in-time system. 04:25] There’s an approach to freight savings that you use at Customodal, and I was hoping you could describe that to the audience.

Ten Steps to Managing Inbound Freight: A Coordinated Dance between Shippers and Suppliers

Material Handling and Logistics

Both inbound and outbound freight require carefully choreographed steps for a successful dance. A more efficient inbound freight program streamlines processes to achieve greater savings. However, many businesses overlook inbound freight management since making it successful is not easy.

This Week in Logistics News (September 29 – October 3, 2014)

Talking Logistics

The MetaPack Group Acquires U.S. Shipping Vendor ABOL Software to Help Retail Customers Drive International Sales. Con-way Announces Enhancements to Driver Pay Package at Con-way Freight. Shipping startup Shyp comes to New York and soon Miami (VentureBeat). UPS, FedEx Want Retailers to Get Real on Holiday Shipping (WSJ – sub. North American Freight Numbers July 2014.

5 More Common Sense, Yet Often Forgotten Basics for Less Than Truckload Shipping

Cerasis

A few months ago we wrote a tongue in cheek post about 5 Upfront Tips you can do to save on less than truckload shipping (a capitalization of Less than truckload). We say “tongue in cheek” because when we have distributed some of the fundamental and basic best practices around tips when shipping LTL, experts in social media, primarily LinkedIn Groups, would state how rudimentary, 101, or basic the tips were. Print out whatever you have for that freight.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

bound ship is being held ‘hostage’ (Reuters). New Transport Mode to Redefine Freight Movement. Keeping track of warehouse inventories with an army of fully autonomous drones (TechCrunch). July 2016 Freight Transportation Services Index (TSI). According to a Reuters report: As of Wednesday, of Hanjin’s 97 container ships, 36 were waiting outside of overseas ports, according to South Korea’s finance ministry.

This Week in Logistics News (March 4-8, 2019)

Talking Logistics

Here are some excerpts from the article: The retailer wants suppliers that ship full trucks of products to deliver orders within a specified two-day window 87% of the time, up from an 85% rate it targeted previously. Providers of real-time freight visibility solutions. Here’s an excerpt from the post I wrote: “The reason real-time freight visibility is a hot topic now is that with today’s technology it’s no longer accepted as a black hole,” said Adelson.

How Logistics Is Proving that Amazon Needs to Be Regulated

Freightos

In itself, that’s a big deal, but its significance is compounded when you consider the trucking shipment volumes such a move will require; it’s essentially jet fuel for their new freight brokerage business. Take into account their FBA warehouse footprint, NVOCC license, and SEC reports flagging forwarders as competition, and you have a solid reminder that Amazon is coming for global freight. Regulating Amazon…Because Freight. Freight Insights General

6 Tips for Improving Warehouse and Distribution Center Efficiency

Supply Chain Game Changer

You can group packages by their contents, destination or point of origin. Go over your inventory and rate your products based on how often your employees need to retrieve them. Digital technology can take the guesswork out of inventory and warehouse management with employees scanning products every step of the way. Use Inventory Management Software. Subscribe Here! Email Address. Struggling with Process Ownership? Perhaps it’s a Failure to Communicate!

How To Keep Your Supply Chain Moving Fast as Fuel Costs Rise

Elementum

In today’s blog we’re taking a look at what this means for shipping costs, and how retailers can fortify their operations against price hikes. Why are shipping costs growing? Response of shipping companies. Shipping costs hit an all-time high earlier this year.

This Week in Logistics News (May 11-15, 2015)

Talking Logistics

In this week’s supply chain and logistics news… Alibaba Group Announces Strategic Investment in Chinese Logistics Company (MarketWatch). Walmart To Test A Free, Three-Day Shipping Service That’s Half The Price Of Amazon Prime (TechCrunch). March 2015 Freight Transportation Services Index (TSI). Cass Freight Index – April 2015. Shipping Line CMA CGM Signs Deal for Cuba Logistics Hub (WSJ – sub.

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Top Logistics Terms to Know—A Supply Chain Glossary

Zipline Logistics

Accessibility — The ability of a carrier to provide service for a freight order. Accessorial Charges — Fees added to a freight bill for additional services that the carrier might provide. These are a la carte, or per service, and outside of standard shipping and receiving. Air Freight — Transportation of products via air transportation methods. Audit — In logistics, an audit refers to the process of examining, adjusting, and verifying freight bills for accuracy.

When to Call for LTL Trucking!

Supply Chain Game Changer

LTL, or less-than-load, is a shipping method that involves using only a portion of a truck’s available space. Know the benefits of LTL shipping. You pay for the full load and distance of shipping on your own. Your items are usually grouped together on pallets or in containers. LTL shipping avoids this possibility. You may be sold on LTL shipping now. You need to know when to call for LTL shipping and when a full load is the better option.

This Week in Logistics News (September 26-30, 2016)

Talking Logistics

Another Friday where I have limited time, so let’s go straight to this week’s supply chain and logistics news that caught my attention: Uber to move freight, target trucking for the long haul (Reuters). Blockchain Makes Inroads in Shipping (WSJ – sub. Elementum Expands Supply Chain Management Suite with New Inventory App Powered by World’s Product Graph™.

Keys to a Successful Dropship Implementation

Talking Logistics

Manufacturers and distributors are looking to expand their sales channels and get more of their brands in the hands of customers to generate loyalty, which can mean drop shipping on behalf of retailers looking to expand their product assortments. This will increase the customer’s product and shipping options. Once a manufacturer or distributor has evaluated its drop shipping capabilities, they can now begin to roll out the program.

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What If Your Supply Chain Had A Control Tower?

Freightos

The following article was contributed by Batool Iqbal, from Damco Pakistan – a subsidiary of Ap-Moller Maersk Group. 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. Recently, SRS (an umbrella group for twenty European retailer groups, selected GT Nexus to deploy a global transportation control tower.

Experts Choice Of Top Online Logistics Resources

Freightos

Shipping Gazette Daily News. One of the most comprehensive daily summaries, and by far the leading Asian-based summary, China’s Shipping Gazette provides daily information about carriers, forwarders and technology. So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. Since 1974 with industry-leading expertise in, well, American shipping. Ocean freight is split into 14!

The Ultimate Guide to Pick and Pack Methods!

Supply Chain Game Changer

From Click to Ship in 4 Minutes! Good inventory management and the right pick and pack software will help you ship orders with maximum speed and accuracy. Pick, Pack and Ship: The Heart of Order Fulfillment. Your inventory storage strategy and your pick and pack methods are key here. The order goes to a packing station where it is packed securely, sealed, and labeled for shipping. Order shipping. Shipping your orders may seem simple.

Insight on how 3PL handles eCommerce Returns for B2B and B2C Retail Brands

Vinculum

It refers to any service contract that includes inventory storage and management,picking and packing, freight forwarding,shipping, distribution, customs brokerage, contract management, IT solutions, cross-docking etc.

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

The recent study by IMARC Group, entitled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global logistics market reached a value of US$ 1,171 Billion in 2017 and is estimated to register a CAGR of 2.7% The software allows inventory receiving and put-away, optimises shipping of orders and coordinating with material handling devices and yard management.

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Reducing freight costs, improving supplier delivery performance, and minimizing supplier risk are three of the many benefits machine learning is providing in collaborative supply chain networks.

Justifying Investments in Risk Avoidance

Supply Chain @ MIT

I gave the example of Sun Microsystems, which suffered a spate of freight thefts in Europe. Insurance companies face this issue when selling disruption insurance, or when trying to convince manufacturers to reduce both the likelihood and impact of business interruptions through measures such as increasing inventory levels and developing alternative suppliers. The strategy incurs higher costs in terms of capital expenditures, labor, and inventory, but the payoff is superior service.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Successful collaboration will result in several benefits – reductions in lead times, improved in-stock fill rates, improved forecast accuracy, and increased inventory turnover.

Something for Everyone: TMS, the Everything Software

GTG Technology Group

TMS is a software that aids in the company’s cash flow, freight bills, customer satisfaction, and warehouse production. This system makes it easier for a company to keep track of their finances, inventory, deliveries, and freight companies through one easy program. Allowing for freight management and payment, customer service advancements, financial organization, inventory numbers, and warehouse production, this product serves every business to the fullest.

Supply Chain Innovation: The Path to Success!

Supply Chain Game Changer

Permission to publish here provided by Greg Boring at Kenco Group. According to this Inbound Logistics article , The Jel Sert Company, a manufacturer of fun foods such as Otter Pops, used half pallets to ship mixed products for display in retail stores. Subscribe Here! Email Address.

Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

Cerasis

A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks. Inventory records, product specs, shipping documents contain errors. There are excess inventories of some materials and shortages of needed. Holding areas are maintained for excess inventory. Shipping containers permit excessive empty space or product damage.

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The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

To meet this increased demands, more manufacturing and logistics partners are looking for ways to shorten product lifecycles through improving inventory management systems, changing shipping strategies and altering the fundamental ways products move from point A to point B. Regulations are increasing, and watchdog groups can cause irreparable harm with a simple social media post. The election is over, but the race is just starting for logistics providers.

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Carbon Emissions in Logistics: The Road To Green International Freight

Freightos

Carbon Emissions in Logistics: The Road To Green International Freight. Two major emitting industries, international freight and aviation, had been exempted from COP21 on a technicality. And that situation might have suited some of the industry’s old brigade, who see green freight as a distraction. Carbon Freight Emission Statistics. The freight industry accounts for about 10% of all emissions. Freight makes up 16% of US corporate greenhouse gas emissions.

A Comprehensive Warehouse Safety Guide!

Supply Chain Game Changer

This lets you measure your performance and encourages you to run an even tighter safety ship. You can take advantage of OSHA’s Alliance Program that works with groups committed to workplace safety and OSHA’s Strategic Partnerships Program that’s designed to eliminate serious hazards and achieve model health and safety practices. Checklists are more than an inventory control or systems management document. Subscribe Here! Email Address.

This Week in Logistics News (August 3-7, 2015)

Talking Logistics

Freight Startups Attract Silicon Valley’s Attention ( WSJ – sub. Our ability to expand same-day delivery is rooted in local merchandise inventories at Macy’s stores, as well as a newly expanded delivery footprint of our partners at Deliv [emphasis mine].”. The charge for same-day delivery from macys.com or bloomingdales.com is a flat $5 above standard ground shipping fees.

What You can Learn from the Port Strike Aftermath

Elementum

Second quarter inventories swelled after massive gridlock forced companies to double down on production. Some major retailers disclosed they are still trying to pare down inventories from big buildups, while the West Coast ports clear backlogs of imports and exports that had piled up during the recent strikes. Kurt Salmon research group estimated that the West Coast labor disputes and the consequential ports gridlock caused retailers around US $7B.