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Judah produces the Freightos Group’s FBX Weekly Freight Update and other research on what’s happening in the industry from shipper behaviors to the latest in logistics technology and digitization.
And one of the main objectives of all this digitized data and integration in one source of truth is supplychainvisibility , that will not only let logistics experts optimize operations, but also detect and react to disruptions. Finally, there was also the discussion of – what’s taking so long ???
The good news is that the supplychain industry has finally “got religion” about digital transformation technologies — an important silver lining after two years of seismic supplychain disruptions. Yet end-to-end supplychainvisibility continues to be a challenge, for many reasons.
Supplychainvisibility has been top-of-mind for logistics professionals for at least two decades, yet it remains a work-in-progress for many companies. Read more Profiles in Real-Time SupplyChainVisibility Excellence: GEODIS & Tive.
A research study conducted by The Journal of Commerce and FourKites surveyed hundreds of international shippers, exploring how their usage of global supplychainvisibility technology has evolved since the onset of global disruptions caused by COVID-19.
For years, supplychain technology companies have touted real-time shipment visibility, or even promised complete supplychainvisibility, while. Read more Why Expand the Definition of SupplyChainVisibility? The post Why Expand the Definition of SupplyChainVisibility?
I’ve been an industry analyst for over 20 years and achieving timely and accurate supplychainvisibility has always been — and continues to be — a top priority for companies across all industries. It’s an ongoing challenge because supplychains continue to get more fragmented, more global, and more dynamic.
Jake Hoffman and Joe Lynch discuss the container payment portal and the rise of AI in freight. Jake is the Chief Technology Officer of Gnosis Freight, a logistics tech company focused on the lifecycle of a shipping container as it moves around the world.
The company offers a range of services, including a robust Transportation Management System (TMS) and managed support, to help businesses enhance the efficiency of their supplychain operations. With a global footprint, CTSI-Global manages $30 billion in freight annually and employs 500 staff across multiple countries.
I have long argued that companies need to expand their definition of supplychainvisibility. End-to-end supplychainvisibility 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.
Autonomous Vehicles: Autonomous ground vehicles, such as self-driving trucks, address long-haul and heavy freight logistics. This limitation confines drones to specific, smaller deliveries, whereas autonomous vehicles are suited to freight. Their agility could support efficient last-mile operations in urban logistics.
Eduardo Del Riego, President and CEO of PayCargo, emphasized the significance of this collaboration: “PayCargo is thrilled to support Hapag-Lloyd in collaboration with Gnosis Freight to deliver this ground-breaking solution to the shipping industry. imports from any country. With this portal, Hapag-Lloyd customers in the U.S.
Freight Tech Trends with Mike Mulqueen. Mike Mulqueen and Joe Lynch discuss freight tech trends. Mike is a Partner and Strategy Practice Lead at JBF Consulting a company that integrates a supplychain execution strategy and systems for logistics-intensive companies. Key Takeaways: Freight Tech Trends.
Freight Tech Trends with Mike Mulqueen. Mike Mulqueen and Joe Lynch discuss freight tech trends. Mike is a Partner and Strategy Practice Lead at JBF Consulting a company that integrates a supplychain execution strategy and systems for logistics-intensive companies. Key Takeaways: Freight Tech Trends.
Jake Hoffman and Joe Lynch discuss the Gnosis Freight Container Lifecycle Management® Platform and how Gnosis streamlines international logistics. We begin by discussing Gnosis Freight, a company that has developed the first Container Lifecycle Management® Platform to simplify the complex process of international shipping.
Richard Perry and Joe Lynch and discuss the importance of freight bill audit. Richard is Vice President of Strategic Accounts at Intelligent Audit , a cutting-edge logistics and supplychain technology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes. The Greenscreens.ai
SupplyChainVisibility Gaps. I began our discussions by asking John why visibility gaps still persist despite continued focus on this area. John noted that the complexity of supplychain operations is a key factor, especially now that more companies must deal with international shipments such as ocean freight.
As explained by Alexa Cheater of Kinaxis , supplychains carry a heightened risk of “black swans,” which reflect the unanticipated risks coming to fruition. SupplyChain Black Swans Are Perceived as Minimal Risks Supplychain black swans are considered inescapable threats. GET YOUR FREE WHITE PAPER.
Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.
You can embrace challenges and changes knowing that supplychain digitization has made your processes pliant, adaptable to disruptions and, yes, resilient. Your supplychain should benefit from end-to-end supplychainvisibility and execution solutions that work together in a coherent supplychain orchestration strategy.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supplychains for efficiency, cost savings, and resilience. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. Government Incentives for Reshoring The U.S.
Achieving end-to-end supplychainvisibility has always been (and remains) a top priority for companies, but over the past few years, the spotlight has been on a particular segment of the process: achieving real-time freightvisibility. How does freightvisibility impact OTIF?
Headquartered in Germany, Ocean Insights is a leading ocean supplychainvisibility and market intelligence provider that supplies real-time tracking data and market analysis to large shippers from a broad range of industries, including automotive, manufacturing, food & beverage, commodity trading, chemical and freight forwarding.
FreightCenter Insights SupplyChainVisibility Give Us This post Insights SupplyChainVisibility Give Us first appeared on FreightCenter and is written by Sara Gonia
FourKites , the global leader in real-time supplychainvisibility, has launched a Sustainability Dashboard where companies can see miles traveled to create a baseline for emissions. FourKites Sustainability Dashboard also enables companies to identify the highest source of freight-related emissions across the supplychain.
More importantly, the ever-growing need for visibility will have a dramatic effect on preventing black swan events from occurring. For freight, managing black swan events, like risk mitigation , means finding problems that are on the verge of causing disruption and taking advantage of resources to minimize their impact.
The shocks of early 2020 hit the freight management and logistics supplychain hard. The right technology can help freight managers see what’s going on throughout the chain. Supplychainvisibility and collaboration come into play and makes a world of difference.
It's not enough just to know where your freight in transit is. You've got to be aware of multiple aspects of the shipment, says Sam Phillips, senior solutions manager with Here Technologies.
Barry is the CEO and founder of Overhaul, an Austin-based company that provides intelligent, real-time supplychainvisibility, risk, compliance, and insurance solutions for global shippers and logistics providers. Customers include Microsoft, Bristol Myers Squibb, and many others.
Supplychainvisibility and big data are hot topics and everyone is trying to figure out how to extract and analyze the data they have for better visibility and decision making. Financial data and visibility into the costs associated with shipping are critical to improving corporate financial performance.
a sensor-driven supplychainvisibility provider, and Transporeon GmbH, a digital freight platform, announced their partnership to unite carrier telematics visibility through Sixfold and high-fidelity, multimodal shipment visibility via Roambee’s platform. Roambee Corp.,
In the modern supplychain, selecting the right supplychain technology and software can make or break company goals. Unfortunately, choosing the right supplychainvisibility software is even more complicated. Not all supplychainvisibility software works in the same way.
Increasing visibility within the supplychain is a hot button topic for leaders around the globe. Furthermore, supplychain leaders face continued calls to control freight spend and intervene before minor issues become major disruptions. This includes tracking freight while in transit.
Improving supplychainvisibility is a goal of most organizations, but inbound freight is much more than simple dock scheduling. Unfortunately, many different issues resulted in shippers.read More.
SCCN is a collaborative solution for supplychain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. SCCN solutions provide supplychainvisibility and analytics across an extended supplychain.
Freight payment and audit services have evolved considerably beyond their one-time scope of correcting errors and recouping spending for already-paid freight bills, particularly in the United States. Freight Audit Benefits. of the freight invoices. Freight Bill Post Audit. The discrepancies can be as much as 8.8%
Flexport – a logistics service provider whose services include order management, delivery, trade financing, insurance, freight forwarding, and customs brokerage – raised $260 million on an uncapped convertible note from Shopify. Skydio, an intelligent drone technology, received $230 million Series E fundraising.
Closer to home for supplychain professionals, driver shortages continue to plague the industry. 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.
Answers to this question is in the 2020 SupplyChainVisibility Report based on research by Reuters Events and eyefortransport (eft), sponsored by Blue Yonder. Mapping out the extended supplychain and deploying end-to-end supplychainvisibility technologies is a good place to start.
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.
Faced with the challenge of limited data availability, he co-founded Vizion, an API-first solution empowering cargo owners, freight forwarders, and software providers to achieve true supplychainvisibility by tracking ocean freight in near real-time.
Thomas is Founder and CEO of Thomas Deakins Consulting , where he advises logistics and supplychain companies on digital supplychain strategy, technology selection, and creating supplychain partnerships. Thomas is recognized as a leader in building strategic world-class supplychain partner ecosystems.
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