Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. Use of Freight Rate Benchmarking.

Current State of International Transportation Industry – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

Our vision at TRAMES, is to reduce global trade barriers through digitalizing international freight and transportation. TRAMES is all about International Freight Orchestration (IFO). c) Digital Freight Forwarders. What TRAMES Aims to Tackle.

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The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight is unique. Freight sourcing is as unique and complex as the transportation industry itself.

Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

Why a Freight Audit Matters Today More Than Ever

Intelligent Audit

Discrepancies and errors with invoices, records, communications, and processes represent the biggest issues facing companies today regarding freight management. Simple Freight Audits Have Evolved Into Much More Meaningful Value-Props. Freight Audit and Payment freight audit

8 Freight Shipping Trends Shippers Must Know for 2017

Cerasis

The freight industry of today is evolving rapidly. It is no longer bound by the traditional constraints of the economy, and Amazon is gearing up to begin expanding to be the best of the global freight shipping providers. As a result, your company needs to think about these freight shipping trends and how you can prepare to respond to them as soon as possible. 8 Freight Shipping Trends Shippers Must Know for 2017. Freight Rates Will Increase. Freight

Food Industry Delivery Trends!

Supply Chain Game Changer

Based on data from the field and forecasts by industry experts, here are six major trends that are shaping food delivery and will continue to do so for the next couple of years: Top food delivery trends to expect in 2019: Increased third party delivery In-house restaurant delivery fleets Prioritizing delivery data tracking Tech giants moving in on food delivery Rapid online grocery growth A rise in food delivery subscriptions. and are driving massive changes in the food delivery industry.

Food 64

Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. Subscribe to our Logistics Newsletter to receive regular industry updates . The post Local Sourcing, Global Supply Chain appeared first on Kewill Corporate.

Trucking Market Q1 Update and 2021 Freight Outlook

Zipline Logistics

It was a tale of two freight markets during the past year due to the global pandemic that reshuffled consumption and commerce. We saw historic freight lows in the winter and early spring, followed by landmark highs in the summer and the remainder of the year.

Looking for Freight Broker Tips? Join These 5 Online Communities.

Cerasis

Launching your business in the freight broker and logistics fields can be an exciting journey. One of the best ways to get the knowledge you need to excel is to turn for freight broker tips in online groups. Unlike official courses where you get the basics about the trade, online groups provide first-hand freight broker resources. They are also the best way of staying on top of industry trends. Let’s look at five of the top online communities for freight brokers. #1.

Freight Rates News October 2015

Freightos

Since we live and breath freight, we constantly come across information that’s critical for our customers – logistic providers, shippers and carriers. And as freight innovators ourselves, we love seeing more innovation. Freight Rates News that rates for freight and logistics trends – October 2015. Freight index jitters. Seemingly all international freight indices are down. China to restructure/shut down some “zombie” industries.

Bringing Freight Online with WebCargoNet and Freightos

Freightos

Bringing Freight Online With WebCargoNet And Freightos. But this story is more about a vision for a better future of freight, than just another acquisition. An Industry On The Verge Of Change. In many respects, this should be a good time for the logistics industry. There’s unprecedented volumes of global shipments , growing international trade, more flexible supply chains, and easier sourcing than ever before (Alibaba, anyone?). Freight Insights News

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. And the place to source for most, if not all, of your products is in China. This blog post doesn’t aim to be the ultimate guide to sourcing goods from China. I like to start with a broad-based search at Alibaba and Global Sources. Introduction.

Freight Rate News November 2015

Freightos

Wouldn’t it be amazing if someone could cut through the hype and summarize the key freight and logistics trends every month? If you prefer to find the news yourself, head over to our free roundup of nearly 100 digital logistics and supply chain news sources. Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. China’s slowing economy is generally bad news for the freight industry.

Blockchain Comes to the Freight Industry

Supply Chain Brain

Fuller, who is also chief executive officer of freight market analytics provider FreightWaves , saw the suitability of a technology that originally was created to support the trading of Bitcoin and other cryptocurrencies. There was a perfect storm in terms of interest in the technology and how it would potentially impact the freight industry,” Fuller says. As it stands today, however, blockchain isn’t a solution that can be instantly embraced by the freight industry.

COP21 – Freight and Climate Change

Freightos

The broader climate issue.and freight’s role. The emissions from freighting Shawn’s TV is a miniscule percentage of this year’s 33 billion ton cube. But zooming out to freight as a whole, we found that the freight industry’s contribution to total GHG (Green House Gasses) is about 10% for developed countries (and much more for developing countries). Finding freight’s contribution to GHG took a lot of digging. . and Green Freight Europe.

The State of the Freight Broker Industry: Hundreds Leaving Soon?

Cerasis

Editor's Note: This is a guest blog from our friends at Bryant Surety Bonds where they discuss the current, potentially fragile state of the freight broker industry. According to data provided by My Carrier Resources, more brokers leave the industry between September and November than during other months of the year. Is the Freight Broker Industry in Decline? Why are more freight brokers leaving now than during other months? Freight Broker Info

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

The Logistics & Supply Chain Management Society

The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 GPCA confirms GCC chemical industry’s key problem is ensuring a smooth flow of raw materials to reach production plants across the globe for finished good production.” But the chemical industry is still lagging in digitisation.

10 Tips To Be A Successful Freight Broker!

Supply Chain Game Changer

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! The transportation industry has seen a rapid influx of interest and growth over the last several years, and this includes the professionals who work as intermediaries between shippers and carriers. Licensed freight brokers operate around the country in various markets, helping make the transport of goods a reality for their customers. Gain Experience in the Industry. Subscribe Here! Email Address.

What’s Next for a Bubbling Freight Market?

Zipline Logistics

Despite a pandemic that has disrupted many parts of the global supply chain, the freight market has been on a recent tear. Simply put, there is more freight than available trucks, which has severely tightened capacity and driven up rates. What’s Causing Upward Freight Market Trends?

Freight Rates News December 2015

Freightos

Freight Rates News. Freight and logistics trends that rate in the news. Check out our roundup of nearly 100 digital logistics/supply chain sources. OUR TAKE There is a lot more flexibility with parcel delivery, but some aspects of this change also applies to freight. SPECIAL FEATURE: FIVE TRENDS TO SHAPE THE SHIPPING INDUSTRY. IHS Identifies Top Five Trends in 2016 That Will Shape the Global Maritime Industry for the Coming Decade.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts.

7 Steps to Pick and Implement Freight Analytics During Peak Season

Intelligent Audit

A well-thought-out freight analytics plan can make all the difference in maximizing profits, reducing costs, and staying ahead of the competition. Several other factors can play into the growing shift toward data-driven freight management. Source Your Data Connections.

Medical Supply Industry Challenges & Solutions

EazyStock

It’s no secret that the medical industry is facing major challenges worldwide due to Coronavirus. Finally, on top of these wild demand changes, sourcing has become a new challenge. Plus even moving goods has become more difficult, with 3PLs and delivery drivers overloaded and international freight backed up. It’s an overwhelming time for manufacturers and distributors in the medical supplies industry, and no area of the supply chain will be restored to normal anytime soon.

How Technology Empowers Freight Brokers to Work Smarter, Not Harder, to Drive Profitability

Talking Logistics

Working smarter, not harder, is critical for everybody in transportation today, but it’s especially important for freight brokers in light of the increased competition in the marketplace and the ever-more demanding expectations of shippers. What does “working smarter, not harder” mean for freight brokers? What are the biggest drivers of cost and inefficiency in the industry? Current challenges for freight brokers. Brokers use many sources to find capacity.

Blockchain: A Single, Immutable, Serialized Source of Truth

Material Handling & Logistics

Acquire the source materials: add a block. And so on, from source to end-customer receipt. Always Available: A Shared, Distributed “Source of Truth”. Thousands of suppliers, carriers, freight forwarders, expeditors, insurers and many other parties are working to produce, store, ship and deliver materials and goods across virtually every time zone on Earth. No source vendor means there is no need for a recurring contract or service provider relationship.

Is The Freight Industry Ready For SOLAS?

Freightos

Is The Freight Industry Ready For SOLAS? In the run up to the July 1, 2016 requirement that there must now be a verification of the gross mass of packed containers, Freightos research has determined that only one third (36%) of FCL freight quotes are still being saved with a weight. By and large, logistics providers and shippers currently avoid getting accurate weights for FCL freight shipments. Cathy Roberson thinks this has a lot to do with the industrial situation.

How Collaborative Transportation Management Provides Access to More Freight Capacity

Turvo

For many freight and trucking companies, especially in today’s fluctuating markets, they need the right technology that enables efficient workflows. Here are some of the benefits a single solution yields for shippers and supply chain partners: Reduced freight expenses and improved ROI.

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. 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. Current Challenges in the Trucking Industry. To give you an idea of the size of America’s trucking industry , U.S.

BidMode to join the EC Sourcing Family

EC Sourcing Group

October 13, 2020 / EC Sourcing Group, a leading global provider of SaaS sourcing technology solutions, has announced its acquisition of procurement solution provider, BidMode, with full terms of the merger remaining confidential. About EC Sourcing Group. Morristown, N.J.,

Do you have a Freight Management Strategy or are you Spinning your Wheels?

Supply Chain Game Changer

In going door to door trying to sell a Freight Management service, as well as in my experience working in companies, I have had the opportunity to see a variety of ways in which companies, large and small, were managing their Freight and Logistics spend. But I’ve seen instances where Freight is one of the top 5 largest expenses within a company. Depending on the industry your transportation spend can make up anywhere from 1-10% of your company’s total revenue.

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. 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. Current Challenges in the Trucking Industry. To give you an idea of the size of America’s trucking industry , U.S.

Illustrating 5 Levels of Freight Visibility

Aborn and Co.

Illustrating 5 Levels of Freight Visibility . Steve Aborn, freight visibility expert, illustrates the five levels of freight visibility. Visibility is a hot topic in the industry today. Laptops and computers are the source of information and the way we spread files.

Illustrating 5 Levels of Freight Visibility

Aborn and Co.

Illustrating 5 Levels of Freight Visibility . Steve Aborn, freight visibility expert, illustrates the five levels of freight visibility. Visibility is a hot topic in the industry today. Laptops and computers are the source of information and the way we spread files.

Unlocking crossborder B2B e-commerce: launching Freight-as-a-Service

Freightos

B2B isn’t one category; it’s a hugely stratified layer cake of different verticals, purchasing models, and industries. . Which brings us to freight. For international freight, though, it’s more complicated. Enter Freight-as-a-Service (FaaS).