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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.
Examples are consensus forecasting, the evolution of the SCORE model, the Annual State of Logistics Report, and the Gartner Top 25. Let’s use the 2024 State of Logistics Report , “Navigating Through the Fog,” as an example. But the 2002 report is silent on how we recognize logistics as a constraint.
Below, we dive into their key takeaways and explore five practical ways to make your logistics data actionable, with insights grounded in industry trends and high-authority sources. The Logistics Data Challenge The logistics sector is awash with data, from shipment volumes and freight rates to sustainability metrics and supplier performance.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
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.
But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. 18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen.
Mary O’Connell and Joe Lynch discuss the Bloomberg of Freight. Check Call gives insights into the world around 3PLs and freight brokers. Check Call gives insights into the world around 3PLs and freight brokers. Key Takeaways: The Bloomberg of Freight. Access to freight pricing insights. About Mary O’Connell.
The sixth assessment report by the Intergovernmental Panel on Climate Change (IPCC) published in August 2021 once again stressed the importance and urgency of decarbonising all sectors of the economy. Also in road freight vehicles, battery-electric or hydrogen-powered drivetrains are close to market launch.
Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Leverage TMS technology platforms to source OTR transportation capacity in tight markets, keep information in context, and stay informed with real time visibility.? a shipment?doesn’t
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.
Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.
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.
As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Build in-market sourcing. The ride is uphill, but the visibility is low. What is normalcy? Shift in cycles.
Implementing new technologies is the top strategic priority among the 671 supply chain leaders interviewed by Blue Yonder for their 2025 Supply Chain Compass , and it is a goal they are highly confident in achieving, however, digging into the report reveals legacy technologies and data structures might hold them back in these ambitions.
In today’s fast-moving supply chain environment, data is as valuable as the freight itself. Inconsistency Across Sources Carriers may use different naming conventions, billing formats, or rate structures. Lack of Verification Errors in freight bills (often 3-8% of total spend) go unnoticed.
It’s easy to feel at ease when procurement systems operate as they should—robust and solid. Procurement teams now face a clear need: build bendable systems instead of unbreakable ones. Let’s look at how procurement ecosystems can become more prepared for anything that comes their way. That is, until something goes wrong.
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
Shippers, despite all obstacles, are expected to reduce freight spending, drive efficiency, and improve customer service every year with incremental improvements year-over-year. Many analysts report that shippers are increasingly looking at digital solutions to improve supply chain performance. Ease of use is also essential.
Shippers don’t partner with LSPs just to move freight—they rely on them to orchestrate complex, responsive, and cost-efficient networks on their behalf. For clarity in this article, LSP is an umbrella term covering 3PLs, freight brokers, freight forwarders (FFWs), 4PLs—any party that both plans and executes freight on behalf of shippers.
Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility.
Mark’s 35 years in transportation and logistics includes 17 years of experience with Transplace (now Uber Freight), where he held the position of Sr. An experience that was built by freight practitioners for freight practitioners. Freight Settlement Automation: Simplify and streamline freight payment process.
That is causing companies to pass-through these costs, as 85% report having already pushed their own pricing upwards, or plan to do so shortly. Among respondents, 77% report that they are currently nearshoring production or are planning to, with an even higher 83% saying the same for nearshoring.
Her supply chain and traditional G&A consulting background bring a unique perspective to clients who must work across their organizations to drive supply chain initiatives with Procurement, IT, Operations, and the C-suite. At DAT, she has been instrumental in growing the shipper practice. The Greenscreens.ai
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.
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.,
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?
Do You Have Hidden Freight Costs? Freightsourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freightsourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Use of Freight Rate Benchmarking.
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.
At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. Increasingly, as we work with procurement folks at these companies, we are hearing that technology for better communication and to create more efficiency.
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.
Transportation and logistics services provider FedEx announced this week that it has decided to spin off its FedEx Freight business unit. The freight unit was established in 2001, when FedEx Corporation acquired and merged the assets of American Freightways , Viking Freight and Watkins Motor Lines.
Organisations that have successfully implemented RPA initiatives report cost savings of up to 80% and time savings of up to a staggering 40%. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Freight Management.
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
The list of Incoterms is created and managed by the International Chamber of Commerce , and managing supply chain SLAs relies heavily on this decades-old list to ensure consistency and clear communications in contractual details for moving freight. Such information may be defined within individual SLAs.
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.
Much of this newfound optimism is attributable to a record jobs report in January – and yet we’ve seen a spate of layoffs in tech and other industries. Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory.
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.
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.
Visibility Through Volatility Mitigate supply chain disruption by synchronizing tendering, rate validation, and freight bookings. The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. However, this specialization has created its own challenges.
There was no air freight possible then into Europe,” added Gerald van den Eijnden. You would call up the freight forwarders, and they would send an Excel spreadsheet” that contained all the shipments for Molex in the coming days or weeks. And changes to the ETA are often reported much more quickly by Nexus than by logistics partners.
Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. Complacency halts resource optimization: More than half of 3PLs are satisfied with their current procurement process, and may be missing out on easy improvements to their networks.
Flock Freight Secures $60 Million in Series E Funding Flock Freight , described as the largest Shared Truckload (STL) freight brokerage in the United States, has raised $60 million in its Series E funding round. This Series A round brings total funding to $43 million to-date.
Chipotle Mexican Grill says its goal to source and sell chicken that’s certified as humanely raised has been delayed because its suppliers weren’t able to make the necessary changes without disrupting supply. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.
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