The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Ocean Risk Management part 2: Navigating Global Shipping Alliance The shipping industry continues to evolve. Additionally, we examine the decision between using a carrier or a Non-Vessel Operating Common Carrier (NVOCC) as a vendor and how this choice can impact risk management.

Risk Management 130

Risk Management Negotiating Skills Vendor Strategies Resource Reduction 130

Talking Logistics

DECEMBER 18, 2023

Read more The post 3 Strategies for Shippers to Combat Rising Freight Fraud appeared first on Talking Logistics with Adrian Gonzalez. In logistics, those vulnerabilities are particularly glaring given how quickly the industry had to transition to online processes. Fraudsters have adapted their tactics to take.

Supply Chain Strategy 221

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GlobalTranz

OCTOBER 6, 2021

OTR freight represents a long-standing aspect of supply chain operations and transportation management. Th is blog post covers the critical ways strategic partnerships can help supply chain managers achieve optimal OTR management for their freight. Carrier Vetting for OTR Freight .

Prescriptive Analytics Software 216

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The Logistics of Logistics

JULY 21, 2021

Worst Case Scenarios for Freight Brokers with Lisa Bruno. Lisa Bruno and Joe Lynch talk about the worst case scenarios for freight brokers. Key Takeaways: Worst Case Scenarios for Freight Brokers. In the podcast interview, Lisa Bruno and Joe Lynch discuss some of the worst-case scenarios for freight brokers.

Scenario Planning 130

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The Logistics of Logistics

MARCH 13, 2024

Haley is the Senior Vice President of Payor Strategic Initiatives at TriumphPay , the payments network for freight brokers, factors, shippers and carriers in the US trucking industry. Her diverse background, spanning risk management and reinsurance brokerage at organizations like Parkland Hospital and EWI Re, Inc.,

Supply Chain Design Software 215

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Enterra Insights

OCTOBER 10, 2018

.” Aside from national security implications, the main lesson to be learned here is how vulnerable companies are to risks associated with their supply chains. Smith insists, “The business case for supply chain risk management investment needs to be made convincingly and robustly to justify investment.”

Supply Chain Risk Management 100

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Talking Logistics

SEPTEMBER 26, 2022

Read more Who Is Actually Hauling Your Freight? The post Who Is Actually Hauling Your Freight? End-to-end supply chain visibility also involves, for example: Knowing where the manufacturing/production facilities of your suppliers (and their suppliers) are physically located, and which parts or materials are.

Supply Chain Visibility 144

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Enterra Insights

APRIL 4, 2018

” Taken as a whole, the issues raised by Monahan and Gott are enough to keep any risk manager awake through the night. ”[2] Those risks are: 1. … CaaS will slowly but steadily put everyone — enterprises, SMBs, individual businessmen, and personal Internet users — at an equal level of risk exposure.”

Risk Management 100

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GlobalTranz

APRIL 30, 2015

This post is the second in a series of “How to Spot Supplier Risk.” ” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Enhancing Supplier Risk Management Through On-Site Evaluations.

Risk Management 120

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GlobalTranz

FEBRUARY 4, 2019

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause. As omnichannel shopping becomes the standard for consumers, the use of freight data will excel.

Supply Chain Planning Software 120

Supply Chain Planning Software Inventory Management Software Analytics Software Forecasting Software 120

The Logistics & Supply Chain Management Society

APRIL 26, 2023

Shippers’ Council Roundtable: Ocean Risk Management Synopsis: How can Shippers Collaborate in Mitigating Ocean Freight Risks in today’s volatile world? Shippers have been exposed to significant Risks in both Rates and Reliability in recent times.

Risk Management 130

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The Logistics of Logistics

JUNE 1, 2022

Mario is the Chief Technical Officer at Reliance Partners , a commercial insurance agency specializing in risk management solutions for the transportation and logistics space. The company faces an emphasis around technology and has been the only insurance agency recognized on the Freight-Tech 100 list each year since its inception.

Logistics Network Optimization Software 230

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CH Robinson Transportfolio

MARCH 5, 2020

With the main focus on maximizing time and cost efficiencies, cargo risk management is often skipped over despite being a critical step in protecting your company. . The risk of delays and lost cargo are real. Best practices for cargo risk management.

Risk Management 44

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Logistics Viewpoints

SEPTEMBER 26, 2022

But SHIFEX, the freight forwarder rate index, recently recorded the lowest ocean freight rate between China and the port of Long Beach in 24 months —a rate of $3,500 to move a 40-foot container. This is an 80% drop year on year drop.

Vendor Strategies 204

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The Logistics of Logistics

OCTOBER 25, 2023

Reliance Partners’ Borderless Coverage is a global insurance program designed to protect businesses of all sizes from the risks associated with international operations. About Mark Vickers Mark Vickers is a leading expert in domestic and cross border transportation risk management and insurance. The Greenscreens.ai

Mexico 247

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Talking Logistics

APRIL 3, 2024

If Logistics Services Providers (LSPs) and shippers thought 2024 was going to be smooth sailing, the dual impact of the ongoing Panama Canal congestion and Red Sea shipping attacks has been a rude awakening with severe delays in container transportation, higher costs of ocean freight, and unpredictable departure and arrival times.

Panama 203

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GlobalTranz

MAY 1, 2020

Collaborative logistics is the future (and the now) of successful, risk-managed logistics and supply chain management. There is no greater demand than what market forces, competitors, and Black Swan supply chain events 3PLs and freight brokers have to meet the challenges shippers face.

Industrial 186

Industrial Industry Logistics Risk Management 186

Resilinc

NOVEMBER 2, 2021

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.

Inventory Reduction 62

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Logistics Viewpoints

SEPTEMBER 27, 2023

In fact, much of the increase is due to ongoing shipment misdirection attacks, a kind of strategic cargo theft in which actors use stolen motor carrier and logistics broker identities to obtain freight and misdirect it from the intended receiver so they could steal it. Cargo Theft Tactics Cargo theft comes in many shapes and sizes.

Cargo 239

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GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Download the White Paper: Over the Road Freight Management Trends. transportation management optimization ?to

Optimal Sourcing 308

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The Logistics of Logistics

JUNE 26, 2023

Desmond (Dez) Clark and Joe Lynch discuss winning at football and freight, which is exactly what Dez is up to. He has also held positions as an Associate Partner at Podium Risk Management, a Principal in Property and Casualty at The Insurance People, and a Financial Advisor at MassMutual.

Freight 200

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Turvo

JUNE 12, 2020

Maintaining a freight broker business and helping it stand out from the crowd is more difficult than ever. Unfortunately, that does not always amount to spending money reasonably and maintaining control over freight spend. For those operating a freight broker business, the challenges are greater. Delays in paying carriers.

Analytics Software 53

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Supply Chain Game Changer

MAY 20, 2020

Freight market article and permission to publish here provided by Kevin Jessop at cerasis.com. Meanwhile, the global air cargo volume has dropped significantly, explains Greg Knowler, JOC Senior Editor , “up to 5,000 tons of cargo in air freight from China to the U.S. The impacts are not just limited to air freight market changes.

Freight 56

Freight Cargo Reverse Logistics Supply Chain Planning 56

GlobalTranz

MAY 24, 2016

Freight Consolidation. Sometimes, the lines between FT and LTL are blurred, especially when all LTL shipments are compiled into FT via freight consolidation. A TMS enables data-driven decision making, which reduces inconsistencies and problems, especially as it relates to change management. Mobile Access to KPIs and Metrics.

Purchasing Training 137

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Enterra Insights

NOVEMBER 22, 2021

”[1] Risk managers have a term for these conditions: VUCA. 2] His warning begs the question: How can supply chain risk managers wake up? Tech writer Vandita Grover observes, “Big-Data and Data Analytics have made a significant contribution to serve the risk management requirements of organizations.”[3]

Supply Chain Planning Software 130

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BR Williams Supply Chain Management

MAY 22, 2023

The SmartWay Program Since the Great Recession, the freight industry in the United States has experienced significant growth , with over 51 million tons of goods transported daily. However, this growth has also led to rising concerns about the environmental impact of global freight transport. The SmartWay Program is a U.S.

Supply Chain Design Software 98

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Talking Logistics

SEPTEMBER 20, 2017

Peak season for ocean freight shipping is underway. That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supply chain. All of this will cause a tightening of space for ocean freight shipping. Red: Space is extremely tight and forecasting is imperative.

Scenario Planning 106

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CHAINalytics

MARCH 4, 2020

The post Freight Transportation & the Coronavirus: Forecasting the Near-Term Effects with MIT Professor Yossi Sheffi [Podcast] appeared first on Chainalytics.

Forecasting 85

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Enterra Insights

APRIL 18, 2024

” • Risk Management : “Expanding internationally exposes businesses to new risks, such as currency fluctuations, political instability, and natural disasters. Developing robust risk management strategies is essential to mitigate these potential threats.”

Global 130

Global Cost Reduction Strategies Expense Reduction Inventory Reduction 130

Logistics Viewpoints

FEBRUARY 26, 2024

Cooper University Health Care Selects Interos Over the past 15 years, modern risk management platforms have evolved. Buying organizations use this technology to monitor and analyze supplier risk events in real-time. So, suppliers were asked if they used carriers or their own trucks to haul freight.

Supply Chain Planning Software 249

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ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Teams should also revise expectations for tier-two and tier-three suppliers, shipping and freight partners.

Manufacturing Procurement 242

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Logistics Viewpoints

MARCH 2, 2023

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. With the right data you can reduce your overall transportation costs, both accessorial costs and overall freight spend. Closer to home for supply chain professionals, driver shortages continue to plague the industry.

Waste Reduction 197

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Supply Chain Shaman

FEBRUARY 18, 2021

While prior risk management disruptions occurred and quickly established a new normal, in the COVID-19 pandemic, the only normal is constant change. More and more cargo shifted to ocean transport until the container imbalances resulted in issues with “rolling the freight” from ship to ship despite confirmed bookings.

Supply Chain Planning Software 267

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 267

Talking Logistics

OCTOBER 20, 2016

But while we are in the midst of a season notorious for a spike in cargo thefts , there are a few precautions you can take to protect your freight. Remember that freight at rest is freight at risk. The more time freight spends sitting unattended, the likelier the chances are for truckload theft.

Cargo 100

Cargo Fort Worth Third Party Logistics Indiana 100

QAD

NOVEMBER 17, 2022

While responding to supply challenges by adapting to new ways of working, increasing inventories and improving digital and risk management strategies, manufacturers understand the harsh truth: . According to a recent Bloomberg article , trains move about 28% of total U.S.

Scenario Planning 96

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GlobalTranz

JANUARY 22, 2019

Fewer trucks are going to be available for full truckload, and excess freight will be consolidated into LTL loads. Unfortunately, the continuing uncertainty regarding the economy will push most carriers to continue increasing freight rates , especially spot freight rates.

Logistics Network Optimization Software 182

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Talking Logistics

JUNE 27, 2014

In other news… Supply Chain Risk Management Now a Priority for Most Businesses ( Accenture ). April 2014 North American Freight Numbers. Several reports have been published in recent years underscoring the growing importance of supply chain risk management. LLamasoft and CHAINalytics Announce Partnership.

Logistics Network Optimization Software 141

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