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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

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. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven. Hire smart data analysts.

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2022: A Look in the Rearview Mirror–Part I

American Global Logistics

Inflation set in for fuel and transport costs, increasing logistics costs as a whole over last year. This was evident with the creation of a new report from the New York Federal Reserve. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. Its long-term impact remains unclear.

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Reports of Easing Global Supply Chain Volatility in July

Supply Chain Matters

According to the July 2022 Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of New York , overall pressures reportedly declined once again in July. Warehousing and Inventory metrics continue to buoy the logistics sector. that we have not seen since April of 2019.

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Two Indices of Supply Chain Activity Noting Supply Chain Volatility Trending

Supply Chain Matters

According to the latest Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of New York , overall pressures increased in April. This index complies 27 different variables to include transportation movement and costs, global PMI sub-indexes reflecting delivery times and order backlog.

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How To Manage A Lean Supply Chain

ShipBob

To make their supply chains more lean, retailers can explore different supply chain optimization techniques throughout procurement, production, and distribution, or outsource supply chain management to a 3PL. As long as you are tracking the right metrics, data reveals where you can eliminate waste within your supply chain.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Automotive News Europe ). Increased Shipping Costs, Delays, and Transportation Issues. Department of Transportation ).