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Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.
The Logistics Data Challenge The logistics sector is awash with data, from shipment volumes and freight rates to sustainability metrics and supplier performance. By focusing on purpose-driven data, companies can avoid wasting resources on metrics that are not utilized. Esch cited a study by a U.S.
Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. He lives in Denver, Colorado with his wife and son.
SCB Feature Report From DPW: What’s Next for AI in Supply Chain? Koganti said this is the fastest-growing use of AI in supply chain, especially when it comes to forecasting, procurement and fulfillment. You’ll be able to have an agent like you have a human resource,” he said.
As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions.
Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Download the White Paper: Over the Road Freight Management Trends. Identify and Apply Freight Consolidation Opportunities. Track Carrier Performance Data. a shipment?doesn’t
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
The Approach to Effective FreightProcurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.
In today’s fast-moving supply chain environment, data is as valuable as the freight itself. Lack of Verification Errors in freight bills (often 3-8% of total spend) go unnoticed. Yet many companies remain overwhelmed by fragmented, inaccurate, and delayed data that leads to poor decision-making and financial leakage.
That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance. It's the view from outside that allows 3PLs to orchestrate all aspects of freight management from within the network through transportation optimization.
To that end, every warehouse manager’s role is to manage the physical environment, loadshifting equipment and people, to decrease the chances of collision and accidents, and often, to help the flow of freight via outbound and inbound freight management; an entire process known as warehouse traffic management. Read the full Post.
Today, we are nearing the end of the fourth quarter of corporate reporting. Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B profit for Q3 on $16.6B
Companies often push aside procurement compliance to focus on more pressing issues. No wonder—procurement often gets tedious and burdened with time-consuming processes. However, ignoring procurement compliance is like ignoring a ticking time bomb. Scroll down to find out: What is procurement compliance?
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit. In the U.S.,
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels.
If your vendors do not understand your organization’s policies and procedures regarding inbound freight , how can they adhere to your needs? This means that a near-majority of companies are faced with the pitfalls of internal, low-guidance systems for managing both inbound and outbound freight. Lack of Trading Partner Understanding.
Depending on the nature of your business, your trading partners or your location, this could include procurement strategies, demand planning, logistics, and global trade management among others. Mastering Direct Spend Management Procurement teams generally do not report to the chief supply chain officer.
For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. Warehouse Task Automation.
, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper.
Moller-Maersk Extends Lease at Port of NY and New Jersey Sealand - A Maersk Company Launches Hispaniola Service SupplyChainBrain Women in Procurement Struggle for Equality, Still More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?
According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement cost reduction. The key thing to remember is that cost reduction in procurement isn’t just about slashing expenses.
Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As
Many fleet professionals report feeling isolated in their roles — caught between executive expectations and operational realities, with little formal support or mentorship. They’re replaced with the next person in line, starting the cycle all over again. Josh Turley is CEO of RTA.
Helen Atkinson, Managing Editor Report From DPW: What’s Next for AI in Supply Chain? More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
s largest organic food distributor has led to empty shelves at Whole Foods stores across the country, reports NBC News. s largest organic food distributor has led to empty shelves at Whole Foods stores across the country, reports NBC News. UNFI ), one of the U.S.’s UNFI ), one of the U.S.’s UNFI ), one of the U.S.’s
In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. He was also in charge of carbon management and accounting and CSR reporting. We also look to reduce or eliminate the use of plastic packaging.
Today, we are nearing the end of the fourth quarter of corporate reporting. Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B profit for Q3 on $16.6B
Today, we are nearing the end of the fourth quarter of corporate reporting. Self-reported projections of the ocean carriers forecast that the industry is posting over $200B in profits. Maersk, the world’s largest container shipping company, reported its best quarter in 117 years, posting a $5.9B profit for Q3 on $16.6B
Research from Creditsafe’s Cost of Late Payments report found nearly 86% of businesses saying that up to 30% of their monthly invoiced sales are overdue. This threat is growing, as 31% of businesses surveyed for our report said the problem of late payments has worsened in the past year. Assess customer financial health regularly.
SPECIAL REPORT AI: Real or Hype? Image: iStock/koto_feja July 9, 2025 Sponsored by DELMIA No other technology in recent history has received as much attention as artificial intelligence. Its in the press, social media commentaries, at conferences, and in general conversations.
States Photo: iStock.com/ ronnachaipark July 10, 2025 SupplyChainBrain With no end in sight to the truck driver shortage, many freight firms plan to raise wages and make efforts to improve drivers’ work-life balance, according to a 2025 Logistics Report from Tech.co, a research, analysis and news provider. Some 56% of U.S.
The Freightos Baltic Index Global Container Freight Index shows the cost of shipping freight remains hugely elevated – more than double the price a year earlier. In fact, global freight rates have increased tenfold since the start of the pandemic. And this was before the Russian invasion of Ukraine began.
The rapid rate of technological change and faster access to a greater amount of data are resulting in a transformation of the freight forwarding process. This involves procuring details of shipments at various times, and various legal requirements. Considering cost-saving opportunities such as freight consolidation.
Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Following the outbreak of Covid-19, 93% of senior supply-chain executives reported their intent to make their supply chains more flexible, agile, and resilient. Covid-19’s Impact on the Supply Chain Crisis.
It covers design, construction, operation and preparation of ships to support safe and environmentally sound recycling; the operation of ship recycling facilities; and appropriate enforcement mechanisms, including survey, authorization, certification, inspection and reporting requirements.
Featured Product Popular Stories Report From DPW: What’s Next for AI in Supply Chain? China Tech Fight Widens After Taiwan Blacklists Huawei More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox. Canada Trade Talks Ahead of G-7 Global Trade & Economics Selling Into the EU?
A report by accounting consultancy GMT Research puts BYD’s true net debt at closer to 323 billion yuan, compared with the 27.7 Supply Chain Finance & Revenue Management Lawyer for 737 Crash Victim Families Slams DOJ Deal with Boeing Quality & Metrics U.S. The platform had issued 400 billion yuan ($55.7
For access to the report on business networks reference this r eport. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. Today, 7% of order and purchase order flows move through business networks. Figure 1: Gaps in Supply Chain Visibility.
Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. Working with carriers and all the freight you manage to create continuous movement strategies is a win-win approach. Creating an Effective Transportation Management Program Run by Metrics.
Welcome to Elementum’s Supply Chain Market Report. Supply Chain Market Report – July 2022 This edition will cover: The signs of looming stagflation How executives can prepare their supply chains The imminent problem of staffing shortages The latest use of drones in supply chain Notable changes in the leadership ranks.
WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. LTL gets even trickier according to a report by the MIT Center for Transportation and Logistics. . Among the challenges: .
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