article thumbnail

One Type of Inflation is Caused by Supply Chain Issues (And That is a Good Thing)

Logistics Viewpoints

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.

article thumbnail

8 Things to Know in Shipping, Freight, Logistics & Supply Chain this Week

Intelligent Audit

This is excellent news for everyone in freight accounting as companies struggle to increase profit margins that have narrowed amidst increasing fuel surcharges. . When the Russia-Ukraine war began, few understood the repercussions might bring flashbacks to the 2007–2008 global food crisis. Operation Fly Formula Is a Success.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Freight Invoice Facts to Know About Errors

Intelligent Audit

Often, the general public’s view of freight transportation is similar. The Bureau of Transportation Statistics reported that, “Freight shipped across the U.S. With so much money moving across the country and globe, supply chain professionals must prioritize a proficient freight invoice and payment processing system. .

Freight 52
article thumbnail

Defence procurement has an opportunity to step up to the global challenge  

Proxima

The starting point for all conversations about defence procurement must be that Western Europe faces its greatest security threat since the Cold War. Ukraine shares a border with no less than four NATO allies, and with rhetoric rising from Moscow about tactical nuclear strikes, there is the potential for a dangerous escalation.

article thumbnail

Digital Megatrends – Shaping Supply Chain Innovation

The Logistics & Supply Chain Management Society

The road ahead remains bumpy, with the pandemic still dominating the news and Russia’s recent invasion of Ukraine threatening global stability and supply chains. GeTS enables the orchestration of logistics, compliance and financial requirements of trade and supply chain seamlessly, smartly and securely.

article thumbnail

Supplier Relationship Management in a Time of Fragmented Supply Chains

QAD

Continued fallout, including transport congestion, limited air freight and rail freight transportation in the Asia-Europe lanes, because of the Russia/Ukraine conflict. With QAD SRM, electronic signatures are easily managed and distributed to proper recipients with security protocols in place. Potential U.S.

article thumbnail

This Week in Logistics News (May 14 – 20)

Logistics Viewpoints

Nations aim to secure supply chains with “friend-shoring”. The company also announced that is secured a partnership with carrier company U.S. This trend comes after a series of disruptions, including the Covid-19 pandemic, Russia’s invasion of Ukraine, and a trade war between the US and China.