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In April 2024, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they had experienced cargo theft or other types of freight fraud in the past year.
In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
In April 2024, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they had experienced cargo theft or other types of freight fraud in the past year. Read more
Freight transportation makes up over 10% of total global carbon emissions. With rapidly increasing freight demand worldwide, it is expected to become the highest-emitting sector by 2050.1 On the other hand, increased reliance on faster but less eco-friendly modes like air freight during peak seasons could explain carbon increases.
Persisting consumer demand, steep retailer prices, and the driver shortage continue to make headlines every day. In releasing this report, our team of experts is empowering shippers and carriers alike to embrace digital freight transformation and remain resilient in 2022 and beyond. However, the data reveals a deeper story.
Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Yet, in today’s omnichannel world, retail returns are key to driving business growth, thanks to their ability to enhance the customer experience, minimize losses, and preserve long-term revenue.
Procuring transportation for freight is much different than any other procurement category. The freight market is mercurial. One master of freight procurement is Kyle Masters. Mr. Master’s experience at Simmons Foods illustrates many of the distinct characteristics and challenges related to freight procurement.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Retailers and e-commerce giants like Amazon are stockpiling key inventory, preparing for potential further trade restrictions. retailers are shifting imports from Mexico and Canada to Gulf Coast and West Coast ports, bypassing overland trucking delays. Conclusion: A New Reality for Global Trade?
Home Container rates surging as shippers rush ahead of deadlines – June 10, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Start your week with the industry insights others miss. "
In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. What do you predict will be different for retailers in 2021? Transcript.
If your business depends on freight shipping, you've likely felt the effects of a world that seems to change overnight. When tariffs rise, fuel prices spike or international trade agreements shift, those cause ripples across all freight modes — truck, air, rail and ocean. Natural disasters. Tariff swings.
Tis the season to be jolly – unless you are overwhelmed with the many tasks traditionally associated with the annual freight Request for Proposal ( RFP ) season. However, the reality is that contracted freight is actually a promise – not a binding agreement. Flexibility to schedule rate bid events based on business needs.
Richard Perry and Joe Lynch and discuss the importance of freight bill audit. With extensive expertise in parcel and freight bill auditing, payment, business intelligence, and associated technologies, he offers valuable insights to the supply chain industry. Episode Sponsor: Greenscreens.ai The Greenscreens.ai
Established in 2021 in the UK, Pledge brings accessibility and transparency to freight emissions measurement and reporting, empowering businesses to confidently measure, manage and help reduce their carbon footprint. truck, rail, barges), and sea. blueyonder.com Blue Yonder is a trademark or registered trademark of Blue Yonder Group, Inc.
One Fortune 100 retailer described maintaining seven different logistics platforms, each requiring separate logins, data management, and training. More concerning, we found that manual processes have an average error rate of 4-6%, which may seem small until you consider the impact on a $50M+ freight spend.
This was announced on the Retail Link portal for suppliers on January 30 th. Walmart’s On-Time In-Full initiative is a compliance measure designed to ensure that freight arrives at a Walmart store or distribution center when it was supposed to, in the quantities expected. Uber Freight is also able to track both on-time and in-full.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
The Factory Gate Pricing (FGP) and Primary Freight (PF) strategies, as adopted by major grocery retailers, are causing a shudder up the spine of many retail suppliers. What are Factory Gate Pricing and Primary Freight strategies? Under PF, the retailer deducts an agreed transport costs from the suppliers invoices.
the bill seeks to restore and enhance the Federal Motor Carrier Safety Administration’s authority to address fraud and deceptive practices in freight transportation. With freight fraud costing the industry an estimated $35 billion annually, this bill equips the agency to protect consumers, businesses, and the supply chain.
The global supply chain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. That’s starting to change. More and more large U.S. In the U.S.,
Explore how advanced OMS platforms are transforming retail and direct-to-consumer strategies. Download Executive Summary Transportation Execution Systems Digital freight is here. Unpack the platforms powering smart freight routing, carrier management, and cost control.
However, as air freight rates climb and capacity tightens and questions regarding the future of US de minimis, interest in ocean freight services is on the rise. Indeed, over the past couple of years, online platforms have introduced ocean freight services that target SMBs. fulfillment center network.
More Resources Home September 13, 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. Europe weekly prices increased 1% to $3.07/kg.
More Resources Home Red Sea Crisis and Early Peak Season Surge Disrupt Global Supply Chains for some SMBs Judah Levine July 24, 2024 Since early May, supply chains have faced significant disruptions due to congestion caused by Red Sea diversions and an early start to ocean freight’s peak season.
Mike is the Head of Intermodal Solutions at SONAR, the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. Mike Baudendistel and Joe Lynch discuss the CPG supply chain.
Ideal for: E-commerce businesses and online retailers who want to expand their product range without the hassle of managing additional warehouse space. GlobalTranz has more than 30 years of success in the logistics industry and helps thousands of freight shippers of all sizes move products with great efficiency.
There’s alot of content noise so I find it useful to understand the market by reading what retailers are directly saying each quarter. Look for another article later this week and part 4 of the What Retailers Are Saying Series on May 18. 🙏 Retailers Tractor Supply Q1 ending March 29. Christopher J.
If you’re shipping into big-box retailers, retailer scorecards are an essential part of doing business. This blog breaks down what retailer scorecards are, what they measure (including OTIF), how they vary by retailer, and how you can improve your performance to avoid costly penalties. What Is a Retailer Scorecard?
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. The latest retail sales report for June came in better than expected.
While no two customers will have quite the same game plan, we’re building off the same foundation of retail logistics expertise we’ve accumulated over 15+ years of service to the CPG community. With retail compliance requirements always changing, it’s hard to keep track of what each retailer expects.
Together, they delve into how globalization has impacted the supply chain needs, particularly within the retail sector, and discuss Mike’s personal journey from working at established firms to founding his own logistics company. Overview of Jarrett Supply Chain Summit’s speakers, charity event, and networking opportunities.
A busy week in retail earnings! 🙂 Part 6 of the What Retailers Are Saying Series will be posted on June 1. 🙏🙏🙏 Retailers Home Depot Q1 ending May 4. We don't want to be the first one to raise prices and we want to make sure that we keep our value or pricing umbrella versus mainstream retail.
US trucking freight activity fell sharply, by -13.8% compared to the fourth quarter of 2024, according to the latest US Freight Payment Index , which measures changes in both the levels of freight shipments and related spending activity based on transaction data. Year-on-Year (YoY), and by -5.8% YoY and -2.5%
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.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. The retailer plans to double the number of sites in the coming years and currently operates more than 55 dedicated same-day sites across the U.S. percent, or $24.5
The seller marketplace is part of Walmart’s larger strategy to expand its services beyond those of a typical retailer. according to the Walmart Marketplace website. Department of Transportation (DOT) has added three major West Coast ports to its data-sharing supply chain platform. from May’s 2.24 and Mexico, according to the notice.
About Express Logistics Group (T-Rex Prestige Worldwide) Express Logistics Group , a T-Rex Prestige Worldwide company is an elite transportation team focusing in food service, retail and industrial manufacturing. Veteran Expertise: The team is composed of industry veterans with years of experience, providing reliable logistics solutions.
The benefit is that it does not matter where an order originates; all fulfillment channels have access to the information and the retailer can appropriately allocate the inventory depending on stock levels, demand requirements, and timing of fulfillment. Planning and execution is focused on freight moves involving a carrier.
Higher freight volumes. Stronger freight volumes are expected as pent-up demand from consumers, retailers, and manufacturers reaches an apex. Shrinking capacity from higher freight volumes results in higher rates throughout peak season and beyond. Tight capacity and high rates.
Whether you’re in manufacturing, retail, or another industry, navigating the uncertainties can feel like solving an intricate puzzle. This not only enhances forecasting but also amplifies the expertise of retailers and merchandisers who understand their customers best.
Whether you’re in manufacturing, retail, or another industry, navigating the uncertainties can feel like solving an intricate puzzle. This not only enhances forecasting but also amplifies the expertise of retailers and merchandisers who understand their customers best.
North American Transborder Freight up 23.8% The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs. The US Department of Transportation reported that transborder freight between the U.S. billion of freight, up 15.7% billion of freight, up 20.9% billion, up 23.8%
Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. The need for data synchronization increases with the growth of nodes, the increase of the number of parties handling the freight, and the use of multiple modes of transport.
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