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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. Container shipping costs are usually shockingly low.
Multimodal shipping represents how companies can find new value within their supplychains and augment efficiency without dramatically increasing landed costs. While multimodal continues to change in the wake of disruption from the pandemic this year, interest in new shipping strategies has exploded.
The global supplychain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. More and more large U.S.
I seethed as the news stations celebrated supplychain success for the December holidays. Global shipping is national news with most stories covering the symptoms. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. Freight Rates 2019-2021.
Benchmarking helps ensure they are getting the most out of their supplychain and also provides a platform for further optimization. In this article, we will discuss why benchmarking is so important, how it works, and how you can use it to maximize your efficiency when shipping goods. What is Benchmarking?
Editor’s Note: This is a guest article from Laura Jelen with negotiations.com who discusses some useful tips on how companies can negotiate freight rates a bit better. Shipping costs are a significant part of the supplychain expense.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. It’s not just supplychains. But those successes deserve to be celebrated.
More Resources Home Red Sea Crisis and Early Peak Season Surge Disrupt Global SupplyChains for some SMBs Judah Levine July 24, 2024 Since early May, supplychains have faced significant disruptions due to congestion caused by Red Sea diversions and an early start to ocean freight’s peak season.
Last year, many in the supplychain technology industry were warning companies all over the globe to prepare for the unknown. There is optimism around the corner, but a sunny outlook isn’t enough; it’s past time for supplychain leaders to transform their supplychains to become more agile.
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.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
It was a scary time for the entire world but incredibly overwhelming for those working hard to keep global supplychains running. Not only were factories shut down, but ocean ports were congested, vessels sat offshore for weeks waiting to unload, capacity on ships and planes.
Walmart’s On-Time In-Full initiative is a compliance measure designed to ensure that freight arrives at a Walmart store or distribution center when it was supposed to, in the quantities expected. Walmart fines suppliers whose goods arrive late or who have not shipped everything that they committed to ship.
Supplychain sustainability has become a very hot topic, but for a lot of people, there is uncertainty around its meaning. There are three responses in this question that address supplychain sustainability: align with our goals, mission, and values; meet consumers expectations; and increase profitability.
Most supplychain suppliers have solutions that are very similar to each other. Carriers move shippers’ freight. The Emerge solution has attributes of different supplychain software solutions. Because of this, it is feasible for Emerge to provide freight analytics. Emerge is that kind of company.
In today’s interconnected global economy, sustainability within supplychains and logistics has become a necessity rather than an option. For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supplychain strategies is essential.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 Gaurav Bajaj July 8, 2024 Dive deeper into freight data that matters Learn More Empowering Freight Forwarders with AI: Insights from Industry Leaders For years, technology has been cast as a threat to freight forwarders.
The Covid-19 pandemic tested the global supplychain. Like riding a bumpy road, the supplychain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supplychain leaders, I share lessons learned. It will not be over soon.
More Resources Home Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions Joyce Tai April 2, 2024 If there’s one lingering lesson from the supplychain crisis of COVID, it’s that digitization can help organizations navigate crises…but that digitization can’t be put in place DURING that same crisis.
If Logistics Services Providers (LSPs) and shippers thought 2024 was going to be smooth sailing, the dual impact of the ongoing Panama Canal congestion and Red Sea shipping attacks has been a rude awakening with severe delays in container transportation, higher costs of ocean freight, and unpredictable departure and arrival times.
Nathan Strang and Joe Lynch discuss the challenging shipping environment and why shippers need an ocean freight survival guide. Companies of all sizes—from emerging brands to Fortune 500s—use Flexport technology to optimize their supplychains, and deliver for customers anywhere in the world. About Nathan Strang.
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.
More Resources Home Empowering Freight Forwarders with AI: Insights from Industry Leaders AI Popup #2 Gaurav Bajaj July 8, 2024 Dive deeper into freight data that matters Learn More Empowering Freight Forwarders with AI: Insights from Industry Leaders For years, technology has been cast as a threat to freight forwarders.
Andy Tomka and Joe Lynch discuss freight-tech for SMB brokers. About Andy Tomka Andy Tomka is the Vice President of Product at MVMNT, a freight-tech company that build transportation managemt systems (TMS) for SMB freight brokers. Andy is a graduate of Iowa State University’s SupplyChain Management program.
When it comes to efficiency, today’s global supplychain has never been better. In the last 20 years, the size of the container ship has doubled – and the largest ships sailing today can haul 24,000 containers (TEU) — equal to the capacity of a freight train 44 miles long. But then again, ships of.
Mike Wolf and Joe Lynch discuss why freight tech fails. Mike is a Client Engagement Director at JBF Consulting , a supplychain execution strategy and systems integrator for logistics-intensive companies of every size and any industry. Key Takeaways: Why Freight Tech Fails. Learn More About Why Freight Tech Fails.
Shippingfreight 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.
Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supplychain and logistics topics. Keeping freight costs down while maintaining.
Seventy-one percent of the surface of our “blue planet” is covered by oceans which is also reflected in the fact that 80% of goods are moved via sea transportation within the global supplychain [1]. Ships also account for around 3% of worldwide greenhouse gas emissions [2] , contributing to the acceleration of climate change.
And Logistics Viewpoints has a history of its own supplychain predictions for the year ahead. My colleagues and I will likely publish a detailed list of predictions related to supplychain operations and technology. Media sources are filled with prognostication. This is surely a positive for the field.
Jason Murray and Joe Lynch discuss modernizing the ecommerce supplychain. Jason is Co-founder and CEO of Shipium , a technology-driven supplychain and logistics company that helps ecommerce companies deliver their orders fast, free, and on-time.
The long and unpredictable peak shipping season continues to challenge supplychains. A 2021 Peak Shipping Season survey conducted by Edelman Intelligence found hiring to be a strong concern among supplychain decision makers with 90% having a strong need to increase hiring to account for peak season and beyond.
The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supplychains. This includes: Increasing domestic supplychain investments, reducing dependence on cross-border components.
“When will the impact of the pandemic on the supplychain be over?” The building of the global supplychain over the last seven decades evolved based on three assumptions: Number 1. With availability assumed, the traditional focus of supplychain practices was on negotiating the lowest price.
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supplychain goals. The freight market is mercurial. One master of freight procurement is Kyle Masters.
The pandemic highlighted the complexities of the modern supplychain and the need for companies to engage with a 3PL provider to succeed. Below are some of the critical characteristics to look for in a Logistics Service Provider partner to transform your supplychain. 3PL vs. 4PL. Technology. Multi-modal Expertise.
Joe Lynch and Chris Pickett discuss what’s next for the freight market. Chris is the Chief Operating Officer at Flock Freight , a technology company that is on a mission to solve the US trucking industry’s wasted capacity problem. in Industrial & Systems Engineering from Virginia Tech, an M.Eng.
Supplychain disruptions are continuing to occur for a variety of reasons. Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few.
“When will the impact of the pandemic on the supplychain be over?” The building of the global supplychain over the last seven decades evolved based on three assumptions: Number 1. With availability assumed, the traditional focus of supplychain practices was on negotiating the lowest price.
When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like so much extra ballast. It’s an apt metaphor for ocean shipping these past many months. Empty grocery store shelves.
Disruption has been the name of the game for more than a year as supplychain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supplychain volatility.
Jack Fiedler, the vice president for digital transformation of the global supplychain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supplychains. We run one of the few truly hybrid supplychain networks. That has worked out well for us.
How Shipping Can Help Save The Planet. But to be honest, the shipping industry is as much of a culprit. If we take a closer look, we can see that global aviation, including domestic and international; passenger and freight accounts for 2.5% First of all, the shipping industry today is enormous. Size Matters.
Lionel van der Walt and Joe Lynch discuss revolutionizing freight forwarding using tech, which is exactly what Raft.ai About Raft Raft is the intelligent logistics platform that’s rewriting the technology playbook for freight forwarders and customs brokers in the automation era. IATA’s U.S. cargo subsidiary.
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