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Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. This is especially true when it comes to figuring out the lanes and volumes to include in the bid.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements.

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LogiSYM Digital 2020: COVID-19 Is A Wake-Up Call for Supply Chains to Ramp Up Business Continuity & Security – LogiSYM August 2020

The Logistics & Supply Chain Management Society

With COVID-19 disruptions, many companies are grappling with security issues and facing challenges to stay in the game. When asked about the impact of COVID-19 on supply chains, Tony Lugg pointed out the lack of Business Continuity Planning (BCP) in many organisations.

What Supply Chain Risks Must Supply Chain Execs Keep Top of Mind?

Cerasis

Risk permeates supply chains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supply chain management, but supply chain executives who take the time to understand the greatest threats can successfully position their companies to overcome such risks. While there are thousands of possible supply chain risks in various supply chains, supply chain execs should keep these risks top of mind.

Digital Twinning of Supply Chains!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business. Integrating Blockchain within the Supply Chain could change that. When we are asked about “killer” use cases for blockchain within enterprise systems, Supply Chain is the usual suspect — and for good reason.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. In 2014, Vitalik Buterin and his team developed a public, open-source blockchain-based computing platform that is known as Ethereum. This incident really calls the security of public blockchains into question. Christopher Tang.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field.

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Achieving the Integrated Global Supply Chain

Supply Chain Network

The integrated global supply chain exists when activities between all supply chain partners are seamlessly coordinated to achieve the optimal results for all its participants. The results are achieved when extraneous costs are removed and product can optimally move from source to end-user with minimal friction. Is a fully integrated global supply chain achievable? So, should companies strive to create their own integrated global supply chains?

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. Interrupted supply chains can mean costly delays and unsatisfied customers. So just how strategic are you when it comes to sourcing transportation capacity? Do you know which carriers handle the majority of your freight? Business Innovation Supply Chain Consulting Global Supply Chain Procurement Sourcing

Supply Chain and Logistics Predictions for 2016

Talking Logistics

For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ). Making supply chain and logistics predictions is like throwing darts at a moving target.

2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

Cerasis

We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. 2016 Supply Chain Trends: The First 7 of 12. Today we will begin our two part series covering the 2016 supply chain trends we expect to see come to fruition in the next year. What 2016 Supply Chain Trends to you expect to see? But, Wait.What is the Digital Supply Chain?

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Wearable Technology in the Supply Chain: 3 Core Benefits

Cerasis

Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012. However, the applications of wearable technology in the supply chain have grown beyond the computer-generated voice that spoke way too fast, way to monotone, and way too annoying. Today, wearables are becoming increasingly popular, and these devices have the potential to radicalize the typical supply chain in forward and reverse logistics processes.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). Greater Supply Chain Savings Thanks to Transportation Management. Closely relating to auditing, these features and services help prevent product write-offs from oversupplied supply chains. Why Do Supply Chains Need Transportation Management?

Renewed Focus on Supply Chain Security as Hackers Target Container Terminals

BluJay Solutions

The supply chain is a permanent target for criminals seeking to intercept high value and branded goods that can be sold on the black market. While there is no suggestion that the freight forwarders responsible for shipping the containers had any involvement, this case does highlight the ongoing risks associated with, as well as the weak links in, global supply chain security. Source: BBC News.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

The age of digital transformation is now fully upon us and from a business perspective one of the most active areas of change, impact and opportunity is in supply chain management. Global supply chains are one of the longest and most complex of business process systems due to the many moving parts, multiple transfer points, diverse company types/players involved and the sheer length of these supply chains.

Managing Supply Chain SLAs Through Blockchain: Is Blockchain the New Incoterm?

Cerasis

Managing supply chain SLAs have the added complication of geographic and cultural barriers. In response, supply chains have relied on a series on defined terms for use in international SLAs, Incoterms. 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.

Applying Blockchain in Logistics & Supply Chain Management: 5 Reasons Why Supply Chain Execs Need to Know More

Cerasis

Intermediaries may include financial experts, data analysts, freight auditors, and more. Although it may seem counterintuitive for a third-party logistics provider (3PL), like Cerasis, to trumpet such prospects, the resounding impact will drive greater efficiencies in supply chains. In general, today’s supply chain executives and managers continue using outdated, manual data entry processes, which will increase risk. Blockchain Logistics Supply Chain

Mexico Back in the Supply Chain Spotlight

Talking Logistics

A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. We’ve seen, for example, instability in ocean freight, cost, and issues with [Los Angeles] ports in past years. has a surplus of natural gas; it’s a cheap energy source that helps Mexico continue to be competitive. . Finally, I asked Troy about security, if it’s as bad as we read in the papers.

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Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. One of our goals is to capture and share the stories of supply chain leaders. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics. As 2013 comes to a close, here are some of my thoughts regarding the supply chain trends we are likely to see emerge in 2014. Here is what I expect to see next year: Global supply chain footprints will continue to expand. Increased Globalization Brings Increased Risks of Supply Disruption.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains.

8 Freight Shipping Trends Shippers Must Know for 2017

Cerasis

The freight industry of today is evolving rapidly. It is no longer bound by the traditional constraints of the economy, and Amazon is gearing up to begin expanding to be the best of the global freight shipping providers. As a result, your company needs to think about these freight shipping trends and how you can prepare to respond to them as soon as possible. 8 Freight Shipping Trends Shippers Must Know for 2017. Hours of Service Will Become Core to Freight Operations.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

RPA as it is also referred to, has the capability to transform supply chain management. For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations.

LTL Capacity Best Practices in Times of Tight Freight Capacity

Cerasis

LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable. LTL capacity is quickly becoming harder to find, and full truckload carriers have already started to turn away freight. Meanwhile, LTL carriers struggle to meet on-demand needs, so shippers need to know a few LTL capacity best practices to ensure their freight can be moved on time and without added costs. Capacity Crunch Freight LTL

Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity. Supply chain, it seems, is ripe for disruption.

What If Your Supply Chain Had A Control Tower?

Freightos

What If Your Supply Chain Had A Control Tower? Wouldn’t you want that same sort of control over your supply chain? She is an avid reader and supply chain lead, specializing in the area of end-end supply chain and control tower. Supply chains are becoming more complex and more exposed to competition. In an more volatile global business environment, supply chain managers simply need to optimize efficiency.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Following COVID-19 the global chemical supply chain market reported a severe decline in output. Overcoming these challenges, regional chemical manufacturers and suppliers are now forced to rethink and readjust their global supply chain model. The answer – supply chain integration. Collaboration amongst partners is essential to address challenges, ranging from demand-supply volatility to fulfilling orders on time.

The state of supply chains: Aerospace

EFT

Aerospace supply chains stalled in March when Covid-19 saw airlines ground most of the world’s passenger aircraft. The supply chain was working hard, investing in capability and capacity to allow an increase in the number of aircraft being produced.

From Triage to Transformation… Building Resiliency with Agile Supply Chains

LevaData

When the world’s two largest economies decided to impose tariffs on hundreds of billions of dollars’ worth of one another's goods, corporations were pressed to consider alternative supply chain constructs. About the Cognitive Supply Management Executive Roundtable.

From Triage to Transformation… Building Resiliency with Agile Supply Chains

LevaData

When the world’s two largest economies decided to impose tariffs on hundreds of billions of dollars’ worth of one another's goods, corporations were pressed to consider alternative supply chain constructs. About the Cognitive Supply Management Executive Roundtable.

How Resilient is Your Global Supply Chain?

3rdwave

Almost since 1982 when Keith Oliver coined the term supply chain, analysts, reporters, academics, and consultants have written about supply chain resiliency. For an equal amount of time, the global trading community has largely ignored the issue and not invested in solutions designed to dramatically increase a company’s supply chain resiliency, flexibility, and agility. The resiliency of its global supply chains are going to be stress tested.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Change is inevitable in modern supply chain management, and risk management is essential to success. Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Understanding the top 10 global supply chain risks can work to reduce their impact. As explained by Lucy Dixon of Supply Chain Digital , economic instability represents another threat to global trade.

Bringing Freight Online with WebCargoNet and Freightos

Freightos

Bringing Freight Online With WebCargoNet And Freightos. But this story is more about a vision for a better future of freight, than just another acquisition. There’s unprecedented volumes of global shipments , growing international trade, more flexible supply chains, and easier sourcing than ever before (Alibaba, anyone?). WebCargoNet’s focus has been more on the carrier-forwarder relationship and has also placed more focus on air freight.