Tue.Jul 30, 2024

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July 30, 2024 Update

Freightos

Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. More Resources Home July 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

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Three Transportation Management System (TMS) Essentials Your Logistics Teams May Be Missing Out On

Talking Logistics

Supply chain leaders of enterprise organizations and rapidly growing businesses know: The best thing they can do to streamline and supercharge their operations is hire best-in-class logistics expertise. The second-best thing they can do is to equip those experts with a best-in-class Transportation Management System (TMS). The modern transportation management system (TMS) is the cornerstone.

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Order Visibility Is Critical Amid Low Inventories

Logistics Viewpoints

For retail and consumer packaged goods (CPG) companies, the busy shipping season came early. The peak inbound season typically starts around this time of year. But shippers looking to avoid disruptions and ensure that tight inventory levels don’t lead to missed sales opportunities pulled their orders forward. In the past month, imports — both ocean and air — surged as disruptions exacerbated congestion at the ports.

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Approaching a Efficient Horizon with Continuous Network Optimization

Logility

Continuous network optimization recognizes that supply chains are complex organisms. They need to respond to many changing factors, including: variation in demand, supplier capabilities, freight rates, commodity pricing, Disruptions, And the list goes on… Supply chain leaders need a more efficient way of managing these smaller, faster changes.

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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From Demand to Delivery: ToolsGroup Transforms SLF Greece’s Supply Chain

ToolsGroup

Leading beauty retailer choose ToolsGroup to optimize inventory and automate omnichannel supply chain planning across multiple countries. MILAN, ATHENS, and BOSTON – 29 July 2024 — ToolsGroup and its Greek partner, THellas, announced that SLF Greece -a distributor of KIKO MILANO products in Greece, Cyprus, Bulgaria, and Romania- has implemented ToolsGroup SO99+ software.

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Drawing a Roadmap to Digitization

C3 Solutions

As supply chain and logistics managers, we all know planning. We live and breathe the coordination of transportation, goods, demand and supply on a daily basis. This kind of planning is the lifeblood of what we do.

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Essential Concepts for Successful Responsiveness: 7 Steps to Improve the Scheduler’s World

Arkieva

This blog covers 7 seps to improve scheduling, essential concepts for successful responsiveness, including data requirements and managing objectives. Essential Concepts for Successful Responsiveness: 7 Steps to Improve the Scheduler’s World was first posted on July 30, 2024 at 11:58 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

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What to Know About Direct Spend Management

QAD

Direct Spend Management Explained Direct spend management refers to the processes of tracking, controlling and optimizing the purchases directly tied to producing a company’s products or services. It covers the procurement of items like: Raw materials Operational supplies Manufacturing machinery Product components Capital equipment With direct spend, procurement teams dedicate significant time to supplier development and maintaining supplier relationships, focusing on negotiating pricing,

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Car Title Loans’ Influence on Retail Supply Chains: An Overview

SCMDOJO

Financial stability and access to quick capital are pivotal for businesses and consumers. In the intricate web of modern commerce, every component has a role in the smooth flow of goods from manufacturers to consumers. But have you ever considered how financial products like car title loans influence retail supply chains? This blog post will explore this unexpected connection and unravel how car title loans can impact the retail sector.

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How to Master Product Portfolio Management

Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.

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How to Mitigate Risks in Global Supply Chain Management

IT Supply Chain

By Richard Pearson (pictured) Content Writer The post How to Mitigate Risks in Global Supply Chain Management appeared first on IT Supply Chain.

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Exiger Acquires aDolus to Enhance Software Supply Chain Visibility in Increased Cyber Threat Environment

Exiger Perspectives

Strategic Acquisition Addresses Urgent Need in Organizations’ Ability to Verify and Secure Operational Technology and Software Providers WASHINGTON, DC. July 30, 2024 – Exiger , the market-leading supply chain and third-party risk AI company, announced the acquisition of software supply chain risk visibility platform aDolus Technology Inc. This acquisition enhances Exiger’s software supply chain visibility capabilities by integrating aDolus’ ability to generate software bills of material ( SBOM

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Breaking Tech News- SAP SE Supervisory Board Change

Supply Chain Matters

Today brings breaking news of yet another SAP SE Supervisory Board change involving this enterprise, ERP and supply chain technology field sales, customer success and marketing senior leadership. The announcement indicates that SAP has reached a mutual agreement with Executive Board Members Scott Russell and Julia White to depart the company’s operational management board effective at the end of August.

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How businesses and sellers can spot online payment scams this summer

IT Supply Chain

By Dennis Pederson (pictured) CEO of PayFasto The post How businesses and sellers can spot online payment scams this summer appeared first on IT Supply Chain.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Bristlecone Flash – July 2024

Bristlecone

FIVE STEPS TO ACHIEVE USER ADOPTION People tend to resist organizational change due to a lack of communication and participant involvement, resulting in slow or no adoption of the change and a considerable loss to the organization. This white paper explores how organizational change management (OCM) practices can help smooth rocky transitions and increase the pace of change adoption.

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Understanding the Role of a Car Accident Lawyer: Navigating Legal Challenges After a Collision

IT Supply Chain

By Rob Jackson (pictured) Content Writer The post Understanding the Role of a Car Accident Lawyer: Navigating Legal Challenges After a Collision appeared first on IT Supply Chain.

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Shipping AI as the Backbone of a New Tech Revolution

Tai Software - Freight Broker Software Articles

Shipping AI Enhances Efficiency There are numerous benefits of applying shipping AI to logistics software. The implementation of artificial intelligence can simplify difficult processes, improve efficiency, and reduce human errors within the supply chain. Simplifying Complex Tasks One of the main benefits of shipping AI includes correctly linking the shipper to the carrier.

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20 Important Tips for Creating a User-Friendly Website

IT Supply Chain

By Ian Benson (pictured) Content Writer The post 20 Important Tips for Creating a User-Friendly Website appeared first on IT Supply Chain.

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11 KPIs for Measuring Innovation Success

Measuring innovation success is critical yet challenging for organizations, often leading to confusion over which KPIs to use. Many rely on inappropriate metrics borrowed from other departments, wasting resources and overlooking valuable opportunities. This guide outlines why innovation metrics are hard to track and offers a framework for creating effective KPIs.

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Drug Seizures Rise at Mexico Ports Amid Fight With Cartels Over Shipping Hubs

Supply Chain Brain

Drug cartels typically rely on Chinese suppliers to smuggle precursor chemicals in shipments to ports they control up and down Mexico's coast.

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TMS Incumbent or Enterprise Solution? Why an Incumbent Software Provider Might Not be In Your Best Interest

MercuryGate

Compared to incumbent TMS solutions, an enterprise TMS offers comprehensive features that can significantly improve resource management and overall operational efficiency. The post TMS Incumbent or Enterprise Solution? Why an Incumbent Software Provider Might Not be In Your Best Interest appeared first on MercuryGate International.

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Unlocking Cost Savings with Foreign-Trade Zones

Supply Chain Brain

As geopolitical tensions increase, the countervailing benefits of Foreign-Trade Zones (FTZs) become more self-evident. Here’s how they work, and why companies should take advantage of them.

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NMFC Code Tech That Will Make Your Freight Classification Easier

Tai Software - Freight Broker Software Articles

The Role of NMFC NMFC plays a big role in domestic LTL freight. The NMFTA created the NMFC. It helps determine the freight class of the freight. Each commodity has its own NMFC number. Usually, this is something that the shipper supplies. With these numbers, it helps you calculate a rate for LTL. For example, we use ZIP Codes to calculate most LTL. It helps to determine origin and destination, freight class, and weight.

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What Makes a Warehouse Worker Happy?

The 2024 Newcastle Systems Worker Satisfaction Survey provides insights into the life of a warehouse worker and what matters to them.

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U.K.’s Network Rail to Spend £2.8B to Tackle Climate Woes

Supply Chain Brain

The British railway network plans to invest £2.8 billion ($3.6 billion) over the next five years to keep trains running safely even with “more frequent and extreme weather” conditions.

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Transportation Management System: Now Practical and Easy

Tai Software - Freight Broker Software Articles

Transportation Management System Functions Transportation management system software is a platform for various companies to manage their business. It’s something that 3PLs , freight brokers , and even asset-based carriers use. It’s a centralized platform for every internal user in the company. They all use transportation management system to help manage the quoting process and the covering process.

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Norfolk Southern Accused of Delaying Amtrak Passenger Trains

Supply Chain Brain

The railroad has routinely given freight trains preference over passenger trains along a 1,140-mile stretch of the Crescent Route, a violation of federal law.

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Email Productivity is What You Need to Succeed

Tai Software - Freight Broker Software Articles

Email productivity can be extremely overwhelming if you’re not using a strategy to get through your inbox. If you work in an office, you get tons of emails a day. It can be really difficult to get through all of them in a productive fashion. There are strategies like Inbox Zero or different AI tools that can attach to your email if you’re getting overwhelmed.

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The 25 Types of Innovation Dominating R&D Today

Innovation varies widely across sectors and organizations, creating value in diverse forms. Understanding different types is crucial for R&D teams to foster creativity and uncover missed opportunities. This guide explores 25 key types of innovation in management frameworks.

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Air NZ First Big Carrier to Abandon Climate Goal

Supply Chain Brain

In 2022, the airline adopted a 2030 target to cut its emissions by almost 29%, much more than a 5% reduction goal set by the global aviation industry.

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One hundred billion picks – the latest milestone in a history of achievement!

Lucas

Last year, Lucas Systems celebrated 25 years of helping the on-floor worker work smarter. This year, we recently celebrated the milestone of one hundred BILLION picks using Jennifer, the brains, orchestration engine, and voice of our solution. The post One hundred billion picks – the latest milestone in a history of achievement! appeared first on Lucas Systems.

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FAA Allows Dallas Delivery Drones to Fly Out of Pilots' Sight

Supply Chain Brain

The FAA has given Zipline International and Wing Aviation approval to fly drones beyond a pilot's line of sight in the Dallas area.

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