Freightos

MARCH 17, 2019

The annual fixed-price contract is the current go-to for ocean freight procurement. Fixing a price is almost futile in a volatile market, and ocean freight now has much more volatility (both frequency and magnitude) than most other commodities. Source: SGX, Freightos Baltic Index. Source: Freightos Index Linking Survey.

Optimal Sourcing 120

Optimal Sourcing Procurement Freight Price Reduction 120

Freightos

OCTOBER 31, 2022

This article provides an overview, based on a survey of over 1,200 small businesses, of how small and midsize businesses have weathered the storm, and how a changing – and potentially recessionary – market is impacting their outlook. But then global freight kicked in. . The results tell a mixed story. .

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain 156

Freightos

JUNE 15, 2021

Disclaimer: This article is a zoom out for the less freight-inclined. If you have a deeper understanding of freight, you might want to check out our Freightos Baltic Index daily container index instead. Let’s talk freight. . And it’s not just ocean freight. More freight costs, higher consumer costs.

Global 395

Global Supply Chain Price Reduction Supply and Demand 395

GlobalTranz

MARCH 9, 2017

Launching your business in the freight broker and logistics fields can be an exciting journey. One of the best ways to get the knowledge you need to excel is to turn for freight broker tips in online groups. Unlike official courses where you get the basics about the trade, online groups provide first-hand freight broker resources.

Freight 125

Freight Supply Chain Planning Software Groups Logistics Network Optimization Software 125

The Logistics & Supply Chain Management Society

MARCH 14, 2023

Rates are now starting to stabilise and for ocean freight especially, we are seeing rates closer to pre-COVID levels. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all. What tools we can use to benchmark ocean freight and carriers’ service reliability?

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

Freightos

AUGUST 14, 2023

” ( Source) Global freight, with its blend of structured processes, unpredictable variables and high frequency, is perhaps the most fertile playground for the AI revolution. Download the full survey results View results The Motorboats vs Container Liners AI adoption trajectories diverge when comparing SMBs to larger enterprises.

Logistics Network Optimization Software 250

Logistics Network Optimization Software Price Reduction Material Savings Supply Chain Software 250

Logistics Viewpoints

DECEMBER 6, 2023

Media sources are filled with prognostication. However, GEP And S&P Global publish the GEP Global Supply Chain Volatility Index based on data derived from S&P Global’s PMI surveys. The end of the calendar year is sure to bring about predictions about the year ahead.

Predictive Analytics Software 267

Predictive Analytics Software GEP Supply Chain Software Price Reduction 267

Intelligent Audit

MAY 12, 2022

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

Freight Rail Software Analytics Software Price Reduction 52

Supply Chain Shaman

APRIL 18, 2023

As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. In the survey, 48% of companies were driving digital transformation, but the only element that improved performance was descriptive analytics. Build in-market sourcing. The ride is uphill, but the visibility is low.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

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. In one comprehensive survey of 1,000 recently laid off workers, 65% say their employer could have done a better job handling the layoff.

Vendor Strategies 204

Vendor Strategies Forecasting Long Beach Supply Chain 204

Logistics Viewpoints

SEPTEMBER 16, 2021

According to a recent survey fielded by Edelman Intelligence , 94% of supply chain leaders say partnerships with supply chain logistics companies are necessary to get through peak season successfully. Therefore, it is easier to increase the volume of freight moving across both inbound and outbound channels.

Supply Chain Risk Management 216

Supply Chain Risk Management Risk Management Supply Chain Design Software Supply Chain Planning Software 216

Intelligent Audit

JANUARY 12, 2021

Discrepancies and errors with invoices, records, communications, and processes represent the biggest issues facing companies today regarding freight management. Where no systems of checks or balances exist and no freight audit protocols remain, it is difficult to detect these issues before they cause major problems.

Supply Chain Network Software 59

Supply Chain Network Software Analytics Software Logistics Network Optimization Software Freight 59

Freightos

FEBRUARY 16, 2020

The digitization of commerce created a path for giants like Amazon and Alibaba to dominate their respective storefront/fulfillment and sourcing roles in the market. million freight containers each year. But this spike put capacity on container ships at a premium, pushing freight rates way up as well.

Purchasing Skills 177

Purchasing Skills Supply Chain Software Price Reduction Manufacturing Procurement 177

Supply Chain Matters

MAY 22, 2023

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7 The two U.S.

Negotiating Skills 52

Negotiating Skills Inventory Reduction Cost Reduction Strategies Price Reduction 52

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Zipline Logistics

OCTOBER 5, 2021

According to a Logistics Management survey of industry professionals, “there is a strong sentiment that the 2021 Peak Season will be more active than it was a year ago, with 79% of respondents indicating that will be the case, with 16% contending it will be similar to 2020, and 5% expecting it to be less active.”. 8% after a decline of.1%

Freight 52

Freight Long Beach Capacity Supply and Demand 52

Supply Chain Collaborator

JUNE 25, 2020

In a recent Gartner survey titled “Weathering the Supply Chain Storm”, Raman said, “Already in 2018 and 2019, the U.S.-China The survey shows that a full third of companies with global supply chains intend to move their sourcing and manufacturing activities out of China in the next few years.

Manufacturing Procurement 142

Manufacturing Procurement Manufacturing Gartner Supply Chain Network Software 142

Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

The Logistics & Supply Chain Management Society

DECEMBER 8, 2021

Talent gaps in logistics and supply chain, continues to be a top challenge and a source of high risk for many companies. The survey concluded that these skill gaps were prevalent in both developed and developing countries. The source of such disconnects, is related to the information gap among the three parties. Industry 4.0

Supply Chain Planning Software 246

Supply Chain Planning Software Gartner Agile and Lean Supply Chain Buyer Training 246

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

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 197

Freightos

JULY 23, 2019

In their latest Global Freight Forwarding report , Ti assessed whether digital platforms, digital forwarders, and freight marketplaces were existential threats to traditional forwarders. Freight Marketplaces: Threat Or Opportunity? Freight Marketplaces: Threat Or Opportunity? SOURCE: FREIGHTOS MARKETPLACE.

Freight 214

Freight Logistics Network Optimization Software Supply Chain Network Software Sourcing Strategies 214

CargoBarn

APRIL 21, 2022

At this year’s MODEX trade show, MHI and Deloitte released results from a survey of 1,000 industry executives in Evolution to Revolution: The 2022 MHI Annual Industry Report. The survey showed a not-surprising list of the top supply chain challenges: . . “How do we fix it” is the question on most people’s minds. Throw Money At It.

Supply Chain Software 52

Supply Chain Software Supply Chain How To Survey 52

ToolsGroup

JULY 24, 2019

And this low cost fostered a mentality of incremental thinking with mid-level managers focused on squeezing out 1-2% a year in cost savings through sourcing, says Pete Guarraia of Bain consultancy. . But converging costs have reduced the need for far flung supply chains in many industries.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Planning Scenario Planning Gartner 189

QAD

MAY 20, 2021

A recent survey showed that the COVID-19 pandemic negatively affected 48% of respondents’ supply chains. In 2020, air freight costs from China to the US increased 81%. 44% reported extended order fulfillment times and increased supplier prices. 25% reported bankruptcy of suppliers.

Supply Chain Disruption 95

Supply Chain Disruption Agile and Lean Supply Chain Supply Chain Design Optimal Sourcing 95

GlobalTranz

DECEMBER 18, 2014

The source pointed to several trends that are encouraging the adoption of TMS, including better control of data, more comprehensive analysis and the need to support omni-channel supply chains. The post Steel Fabrication and General Manufacturing Tips and Tricks for 2015 appeared first on Freight Logistics Company | Cerasis.

Manufacturing Procurement 236

Manufacturing Procurement Manufacturing Purchasing Skills Sourcing Strategies 236

Logistics Viewpoints

DECEMBER 13, 2021

The law firm Crowell & Moring recently released a survey-based report that looked at how companies are navigating pressures to improve their environmental performance. The company surveyed 225 executives whose jobs included environmental, social, and governance issues.

Cost Reduction Strategies 188

Cost Reduction Strategies Optimal Sourcing Company Supply Chain Planning Software 188

EC Sourcing Group

NOVEMBER 23, 2021

A Request for Proposal (or RFP as it is more commonly known) is one of the most important pieces in sourcing and procurement and the overall supply chain. However, this can be a tedious process if you’re still sourcing using spreadsheets or haven’t made your procurement process digital quite yet. Ocean freight. Office supplies.

EC Sourcing 52

EC Sourcing Material Savings Manufacturing Procurement Price Reduction 52

GlobalTranz

APRIL 6, 2021

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. In a survey commissioned by GlobalTranz, 59% of supply chain decision-makers reported being concerned about not having the proper workforce to meet customer demand.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

Enterra Insights

MAY 20, 2022

… Authorities have now imposed restrictions on Beijing, while the central Chinese city of Zhengzhou, a gateway for air freight, also limited the movement of people in May.” ” A McKinsey survey indicates that IMF concerns about massive “reshoring” may be unfounded. Innovation and Competition Act of 2021.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply Chain Strategy Agile and Lean Supply Chain 130

The Logistics & Supply Chain Management Society

JULY 13, 2021

According to IDC’s 2020 Supply Chain Survey – 72.8% RPA tools can help to capture, store, and extract data/records/files from unstructured sources. The results of the survey showed that the pandemic has expedited digital transformations and created a surge in automation investment. Support remote workforces (75%).

Supply Chain Software 130

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software 130

Supply Chain Matters

APRIL 4, 2023

However, we discern some added signs excess inventories and of production sourcing shifts. Source: S&P Global, April, 2023 Highlights of Regional Reporting Developed Regions Eurozone The S&P Global Eurozone Manufacturing PMI® fell again in March to a value of 47.3 compared to the February value of 48.5,

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Purchasing Skills 52

Parade

MARCH 28, 2022

Turvo offers freight brokers, 3PLs, and shippers the ability to connect with their customers, carriers, and third parties for full order-to-cash shipment execution. Turvo helps provide visibility across the supply chain, from suppliers to the warehouse to distribution centers to over-the-road to the end customer.

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Network Software 78

Supply Chain Game Changer

JULY 23, 2020

They diversify supplier bases to reduce risk, provide massive cost savings, allow companies to quickly offer new products, and find sources of innovation through closer supplier collaboration. Here were the top-line results from their survey: Only 21% of members reported that their organization has a CSCO.

Pharmaceutical 104

Pharmaceutical Supply Chain Planning Software Supply Chain Software Supply Chain Strategy 104

ToolsGroup

AUGUST 1, 2022

According to a survey conducted by the National Retail Federation (NRF) and Appriss Retail, retail returns increased to more than 16%, against 10.6% In light of this, some retailers are offering ‘returnless refunds’ where customers keep the product after getting a refund, avoiding additional freight charges and other fees.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Logistics Viewpoints

AUGUST 29, 2022

One of the players in this market, Resilinc, is monitoring 105 million data sources. Those components get trucked by the Vietnamese Railways, loaded, and then transported to the Haiphong port, where a freight forwarder ensures the container is loaded on an Ocean carrier. This data needs to be curated.

Risk Management 194

Risk Management Supply Chain Planning Software Supply Chain Design Software Supply Chain Risk Management 194

NC State SCRC

MAY 30, 2022

We surveyed 53 procurement and supply chain executives and managers about their organizations’ strategic priorities. To explore this problem further, we surveyed procurement executives and managers to explore their focus on cost versus factors that may alleviate shortages.

Supply Chain Execution 98

Supply Chain Execution Procurement Analytics Procurement Solutions Optimal Sourcing 98

Logistics Viewpoints

AUGUST 12, 2022

It covers 37 states and parts of Canada through a fleet of more than 150,000 crowd-sourced drivers, it says. Wages for truck drivers rose at a double-digit pace last year as companies laid out hefty salaries, bonuses and benefits packages to recruit workers in a market marked by tight labor conditions and high freight demand.

Logistics Network Optimization Software 227

Logistics Network Optimization Software Modeling Logistics San Antonio 227