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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

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2022: A Look in the Rearview Mirror–Part I

American Global Logistics

This was evident with the creation of a new report from the New York Federal Reserve. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. 5 The modal shift to air freight from ocean freight.

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Two Indices of Supply Chain Activity Noting Supply Chain Volatility Trending

Supply Chain Matters

According to the latest Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of New York , overall pressures increased in April. The authors point to the delivery time disruptions occurring in China , an increase in air freight costs from the U.S. Global Supply Chain Pressure Index.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand. Doing this analysis helps you make informed decisions about freight shipments, find out if you’re overspending, and gain greater visibility into freight shipments. 3PLs like ShipBob help with this. “We

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Automotive News Europe ). Deloitte ). Wall Street Journal ).