Freightos

JUNE 21, 2023

Blog " * " indicates required fields Email * More Resources Home June 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 156

Negotiating Skills Panama Asia Cargo 156

Unleashed

MARCH 31, 2021

The life of coffee begins with growers in the likes of Brazil or Vietnam. You’ll see that the KPIs in both supply chain management and logistics are very similar, in that they often track the movement or storage of inventory. Inventory days of supply. Freight bill accuracy. Examining KPIs: Supply chain vs. logistics.

Supply Chain Planning Software 69

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 69

Logistics Bureau

MARCH 19, 2020

The US auto industry is expected to follow suit as stockpiled inventory becomes depleted. These smart operators include: John Deere: The agricultural vehicle manufacturer says it expects to spend $40 million (USD) on expedited freight to ensure there is no disruption in supply. The Electronics Industry.

Pharmaceutical 52

Pharmaceutical Supply Chain Strategy Manufacturing Procurement Supply Chain 52

NC State SCRC

SEPTEMBER 9, 2016

This challenge has been also impacted by the growing discontent on the part of retailers and customers who are unhappy with the trend towards larger slow-steaming ships, which leaves more inventory on the water for a longer period of time. bankruptcy code.

South Korea 40

South Korea Cargo Thailand Indonesia 40

Supply Chain Matters

JANUARY 10, 2023

Business and supply chain focused media reports already point to increased supplier and manufacturing investment in regions such as Mexico, Eastern Europe, India, Vietnam and other regions as responses to added supply network resiliency or agility. A published Future of Freight study sponsored by Deloitte in September 2022 indicated that U.S.

Predictive Analytics Software 52

Predictive Analytics Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 52

Supply Chain Matters

AUGUST 2, 2022

Global consumer product goods provider Nestle in its latest report of quarterly financial performance indicated that despite being able to raise prices for a wide variety of marketed products, higher costs for commodities, freight and energy continue eroding profit margins. Higher costs reportedly have resulted in a 2.8

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Planning Price Reduction 52

Jaggaer

APRIL 14, 2020

Yet with the autobahns, motorways and highways largely free of traffic apart from freight, goods are generally getting through and we are yet to see long-term shortages of food and other essential items. Countries such as the UK and Ireland, which are highly reliant on air freight, are especially exposed to this kind of supply chain risk.

Supply Chain Disruption 52

Supply Chain Disruption Europe Cost Reduction Strategies Material Savings 52

Talking Logistics

DECEMBER 13, 2013

Freight Shipments Fell 0.7% They have engineered new strategies for jockeying inventory across the country to avoid overstocks and markdowns and to keep customers from defecting to Amazon, a big problem last year. . WTO overcomes last minute hitch to reach its first global trade deal ( Reuters ). XPO Logistics Agrees to Acquire NLM.

Logistics Network Optimization Software 132

Logistics Network Optimization Software Negotiating Skills Vendor Strategies Inventory Reduction 132

Logistics Viewpoints

MAY 5, 2023

million in extra freight charges, along with additional costs and lost profits. South and east Asia, as well as the Pacific region are expected to benefit most from the change, with India, Vietnam, Thailand and Indonesia receiving particular mentions, followed by rivals in Latin America.

Logistics Network Optimization Software 194

Logistics Network Optimization Software Connecticut Supply Chain Planning Software Price Reduction 194

Stord

APRIL 26, 2022

After 2+ years of out-of-stock messages, low inventory levels, and sky-high costs, brands are exploring a wide range of strategies to resolve these issues and strengthen their inventory throughput in 2022 and beyond. struggles with low inventory-to-sales ratios , brands are having to spend top dollar to get products in stock quickly.

Inventory Reduction 78

Inventory Reduction Vendor Strategies Cost Reduction Strategies Expense Reduction 78

EMERGE App

NOVEMBER 4, 2018

For example, China for just about everything that can be made, Vietnam for clothing and shoes, and Bangladesh for garments. You could do it manually but why do it when smart inventory management systems , such as EMERGE App , can automatically calculate landed costs for you? And the list goes on. Check Import Laws & Regulations.

Purchasing Skills 49

Purchasing Skills Negotiate Pricing Negotiating Skills Manufacturing Procurement 49

EMERGE App

JULY 16, 2018

You might want to check out other regional manufacturing hubs if you’re doing clothing (Bangladesh and Vietnam) or leather goods and shoes (Vietnam). Remember that landed costs — custom duties, insurance and freight — add to the total cost of your products and thus affect your profit margin.

Manufacturing Procurement 71

Manufacturing Procurement Purchasing Skills Just-in-Time Modeling Software 71

EMERGE App

NOVEMBER 4, 2018

For example, China for just about everything that can be made, Vietnam for clothing and shoes, and Bangladesh for garments. You could do it manually but why do it when smart inventory management systems , such as EMERGE App , can automatically calculate landed costs for you? And the list goes on. Check Import Laws & Regulations.

Purchasing Skills 40

Purchasing Skills Negotiate Pricing Negotiating Skills Manufacturing Procurement 40

Gravity Supply Chain

MAY 20, 2022

Just-in-time (JIT) inventory management became crucial to the nation’s meteoritic industrial growth, including Toyota’s eclipsing North American and European automakers as the world’s largest automakers for their time. A world transformed. In 1956, manually loading a ship cost $5.86 billion metric tons as of 2017.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Supply Chain Software Predictive Analytics Software 52

The Logistics & Supply Chain Management Society

JUNE 10, 2021

My projects in Malaysia, Philippines, China, Indonesia and eventually Vietnam, ranged from customer service and order fulfillment, shop-floor planning, inventory management, import/export and procurement. Family reasons relocated me to Bangkok in 2011. .

Sourcing Strategies 162

Sourcing Strategies Manufacturing Procurement Material Savings Negotiating Skills 162

Supply Chain Matters

JUNE 9, 2023

A published Future of Freight study sponsored by Deloitte in September 2022 indicated that U.S. the strategies were exploring nearshoring of prior foreign production, diversifying supplier networks and adding additional contingency inventories. Vietnam is business-friendly, but it doesn’t have enough skilled workers.

Manufacturing Procurement 52

Manufacturing Procurement Expense Reduction Cost Reduction Strategies Resource Reduction 52

EMERGE App

JULY 11, 2018

In fact, China’s wages have been on the rise and fast-growing countries like Vietnam and Bangladesh are developing niches in footwear and clothing manufacturing as well. Once the goods are finished and ready for export, they will take care of export certification and documentation, and finally arrange for international freight shipping.

Purchasing Skills 64

Purchasing Skills Manufacturing Procurement Negotiate Pricing Negotiating Skills 64

Enterra Insights

MAY 16, 2022

With securing low-cost labor no longer the ultimate goal — and with supply chain disruptions, labor shortages and rising freight rates being the ‘new normal’ at least for now — companies are reshoring, localizing and making goods closer to where they sell them. ”[4].

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Alloy Supply Chain Software 130

6 River Systems

SEPTEMBER 17, 2019

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Inventory Reduction 45

CH Robinson Transportfolio

NOVEMBER 13, 2018

Customers have asked us if there may be enough surplus inventory on the move so that Chinese New Year will have less of an impact on shipping than in previous years, in spite of the tariffs. We believe that even with a strong October/November season and higher inventory levels, Chinese New Year will continue to be strong.

Shipping 34

Shipping Manufacturing Procurement China Optimal Sourcing 34

Resilinc

JULY 20, 2021

Closer proximity—as compared to Asia—alone could reduce shipping times and inventory costs, as well as the greenhouse gas emissions from ocean and air freight, according to the three. That has dramatically increased the cash tied up in inventory,” said Rogers. Proximity = lower costs and lower carbon.

Manufacturing Procurement 62

Manufacturing Procurement Manufacturing Puerto Rico Inventory Reduction 62

BR Williams Supply Chain Management

MARCH 10, 2023

We would like to share some insights on the general economy and freight market specifically with you: our customers, employees, business partners and community. While many economists warned of the inherent uncertainties of a market dependent upon new variables with very little historical precedent, few predicted the freight recession of 2022.

Freight 98

Freight Report Forecasting Price Reduction 98

Ware2Go

OCTOBER 14, 2021

The US is facing a shortage of warehouse space and truck drivers , and shifting to 24/7 operation will require enormous co-ordination between the publicly operated ports and private sector groups, including large retailers and freight companies. You’ve got record levels of inventory in the country already. The stakes are high.

Los Angeles 52

Los Angeles Long Beach Supply Chain Design Software Gartner 52