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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.
Mike Wolf and Joe Lynch discuss why freight tech fails. Mike is a Client Engagement Director at JBF Consulting , a supplychainexecution 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.
Hello and welcome back to another episode of “The Freight Project Podcast!” We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. SupplyChainExecutives Who Lower Transportation Costs Improve EBIDTA A metaphor is an interesting thing.
Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supplychainexecutives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . Big data drives everything,” Michael says.
Add in soaring air freight costs, and the fruit will not only be hard to find, but incredibly expensive. Waymo is integrating Uber Freight, the ride-hail company’s truck brokerage, into the technology that powers its autonomous big rigs. That’s a tough break for the industry. And now on to this week’s logistics news.
Risk permeates supplychains. The best-laid plans to avoid as many risks as possible often fall on deaf ears in supplychain management, but supplychainexecutives who take the time to understand the greatest threats can successfully position their companies to overcome such risks.
Vendors need to have access to the latest inbound freight routing guides and more. These challenges can be overwhelming, but supplychainexecutives and managers can simplify the process by tracking these top warehouse management KPIs (key performance indicators). of the digital supplychain. Shipping KPIs.
The energy crisis in China and the European conflict are bringing additional chaos in the form of production shutdowns, raw material shortages and blocked shipping lanes. By seeing real-time prices — which reflect current demand-and-supply effects — they can make better informed, more profitable tendering decisions. “Our
Although an initial view of the logistics and freight industry seems stale, it represents how the flow of goods and services are sprouting and delivering more with fewer resources. So, the conversation needs to turn toward another aspect of how 3PLs influence the state of the logistics and freight economy, digitization.
With data playing an ever increasing role in supplychain, Eye for Transport teamed up with project44 to explore EDI – a technology that has been a core part of how carriers, shippers and 3PLs transmit and share data since 1970. Why does Freight EDI still exist? Now, going further, what is EDI in freight?
How the War in Ukraine is Impacting the SupplyChain and Raw Material Prices. Increased Prices Resulting from Shortages and SupplyChain Issues. Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. How Labor Shortages Have Hurt the SupplyChain.
And their operating conditions are extremely challenging and unpredictable, from skyrocketing fuel costs and tariffs to blocked shipping lanes and ongoing geo-political conflict. He has a keen interest in digitalization and the value it generates throughout the supplychain. Do I have the resources to meet their needs?
Supplychain entities need to know vendors will be held accountable and adhere to the terms within vendor-supplychain partner service level agreements. Supplychain professionals must also know how they will be shippingfreight. Executives Seek to Lead by Example.
Two companies, global parcel and logistics carrier FedEx , and global container shipping firm Hapag-Lloyd recently reported warnings related to 2025 financial performance. Both can be looked upon for barometers of global trade and industry supplychain activity trending. Postal Services air and priority shipment needs.
COVID-19 Ernst & Young LLP conducted a survey of 200 senior-level supplychainexecutives in late 2020 and 2022. Freight Market California’s AB5 AB5 has the potential to destabilize the trucking market in California, which can create a variety of issues for shippers moving freight in and out of the state.
Brad is the Founder of JBF Consulting , which specialize in freight technology – strategy, system integration, implementation and deployment. Brad is a highly recognized senior supplychain leader with over 23 years of managing, designing, and implementing freight transport technology. About Brad Forester. Brad Forester.
Intermediaries may include financial experts, data analysts, freight auditors, and more. Although it may seem counterintuitive for a third-party logistics provider (3PL), like Cerasis, to trumpet such prospects, the resounding impact will drive greater efficiencies in supplychains.
Retail stores become shipping hubs to battle Amazon ( USA Today ). Neiman Marcus goes to year-round free shipping ( USA Today ). Citi fined $30 million for leaking Apple iPhone supplychain data ( CNNMoney ). Shipping online orders from Best Buy stores could generate an extra $5.8
CTSI-Global Introduces Next-Generation Business Intelligence System for SupplyChain Data. FedEx to Increase Shipping Rates for Express, Ground and Freight Services. Cass Freight Index August 2016. July 2016 North American Freight Numbers. Alibaba’s Cainiao Wants Backers Who Don’t Mind Losses (Bloomberg).
For merchants using FBA, Amazon handles the process of picking, packing, and shipping items. The deal will bring together the power of MPO’s supplychainexecution with Kinaxis’ supplychain planning. The holiday fee comes on top of existing charges that sellers pay for using FBA services.
To coordinate, contracts can be made with direct links in the supplychain, but how can organizations coordinate with the suppliers’ suppliers or the customers’ customers? However, commonly used KPIs used by supplychainexecutives are usually focused on logistics performance (e.g.,
The company’s cloud-based real-time tracking platform, powered by an Internet of Things (IoT) sensor network that includes passive RFID, GPS, computer vision, cellular, and other sensors, provides actionable insights and connected expert guidance that allow organizations to optimize their supplychainexecution.
Poor Warehouse Utilization Increases Expenses Poor warehouse utilization has been a key concern for supply-chainexecutives over the last decade. Manage inbound and outbound freight vendors with a robust, precise inbound freight routing guide. Even with 5.2 Use an automated storage and retrieval system (ASRS).
economy in 2017 and so far in 2018, manufacturers have been producing more goods than usual and requiring more freight to be shipped. Most shippers and supplychainexecutives have already experienced effects of the shortage in their business and are now seeking long-term strategies for capacity. Mode Shift.
Supplychain analytics can have additional value when used in conjunction with blockchain technology, providing invaluable, accurate insights and refining the supplychain, but supplychainExecutives must first understand the limitations of today’s blockchain technology supplychain analytics.
Manufacturers, retailers and their logistics partners often managed supply and demand volatility by shifting scarce inventory among stores or distribution centers, or investing in expedited freight charges, without considering the real implications of these strategies on their long-term profitability.
Supplychain logistics providers made significant changes in standard operations in 2016. From ditching age-old tactics of shipping products now, to advancing the capabilities of augmented reality in logistics, our logistics trends highlighted expected improvements in the supplychain, many of which came true.
Moving on to this week’s supplychain and logistics news… FedEx says operations at TNT Express disrupted after virus attack (Reuters). Global shipping feels fallout from Maersk cyber attack (Reuters). FourKites Partners with HaulFox to Provide Freight Brokers with Next Generation SupplyChain Visibility.
From this definition alone, several planning puzzles that any software solution will need to cover in order to meet the multifaceted challenges posed by supplychain management (SCM) are revealed.
There was just not enough products being shipped back and forth. But let’s recognize the planners for the boldness of the idea and figure out how to leverage this initiative for the benefit of modern supplychains. Equally, it could become a white elephant project with little impact on European freight transport times or costs.
Blockchain technology builds value in the supplychain through better transparency and process standardization, but it holds additional value through new logistics services and business models. For instance, blockchain enhances freight auditing and invoice management, as well as cybersecurity. Capacity monitoring.
A recent survey by Deloitte, reports Coin Square , found the prospects of blockchain supplychain applications beyond reproach and capable of revolutionizing the way supplychains operate. Determine the cost of documentation errors, like inaccurate invoicing, late shipping, and returns due to order errors.
These Giant Drones Could Seriously Disrupt the Shipping Industry (NBC News). Cargo Owners Complain of ‘Total Mess’ Shipping Goods to Asia (WSJ – sub. According to the article: The plan is for Peloton to establish hauling agreements with freight companies in the state, but the specifics can’t yet be released, officials say.
The following are the insights gained from my discussion with Salim Shaikh , who leads Blue Yonder’s Automotive Industry Strategy, and James Peck , VP of SupplyChainExecution Presales, during a recent Blue Yonder Live and from webinars and automotive events that we prepared for.
5 Things to Know Before Negotiating Ocean Shipping Contracts This Year. Tariffs and Trade War: What Should SupplyChainExecutives Do? SupplyChain Control Towers: Visibility, Collaboration, and Optimization. Visibility-Driven Workflow for Transportation Execution.
Often, the general public’s view of freight transportation is similar. With a sudden large intake of truck or rail transportation, society moves on with their lives, understanding only a fraction of the supplychain in its entirety. The Bureau of Transportation Statistics reported that, “Freightshipped across the U.S.
The IBM Sterling TMS software package plans and executes inbound/outbound transport structures and automates the entire process. Perks of the cloud format include less physical IT infrastructure, increased accessibility, reduced operation costs through improved routing and real-time visibility of shipping processes.
Bigger Container Ships Pose Bigger Risks (WSJ – sub. December 2014 Freight Transportation Services Index (TSI). With more than 30 cargo ships anchored offshore, countless supplychains scrambling, and the prospect of a $2 billion per day hit on the U.S. Chainalytics Introduces FMIQ Monthly Benchmarking Index.
SupplyChain Matters highlights continued evidence that the U.S. 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.
However, the companies that change their foundational supplychainexecution practices to enable efficient and effective transportation routes and asset management, not only operate optimally and profitably but also dramatically lower their waste, reduce hazardous emissions, and promote their overall environmental sustainability.
Now, on to this week’s supplychain and logistics news… CMA CGM to acquire NOL, reinforcing its position in global shipping. China Approves Merger of Cosco, China Shipping (WSJ- sub. SAP Launches Enhanced SupplyChainExecution Software for Faster Logistics Planning. for CMA CGM and 2.7%
Instead of looking at shipping as a singular dollar value on a carrier's invoice we can focus on net present value (NPV), internal rate of return (IRR), and payback. Improving the cash conversion cycle and managing freight accruals will actualize in increased revenue. As Jarrod Goentzel and James B. Click the link now.
Jon Gold, Vice President of SupplyChain and Customs, explained to Thompson that retailers are trying to get products earlier than usual. Typically, the peak shipping season is August, September, October, when the bulk of those products come in. Shipping delays could impact holiday shopping ,” CBS46, 18 July 2021. [2]
FedEx Introduces Enhancements to Deep Frozen Shipping. New ISF (10+2) Rule May Be Coming in May ( SupplyChain Management Review ). Cass Freight Index Report – January 2013. 2013 is off to a slow start for freight shipments, according to the Cass Freight Index Report for January. percent compared to 9.6
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