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Supplychains have experienced significant disruptions in the first half of 2022, from a global pandemic to wars, rising fuel costs, and a potential recession. Passing costs onto consumers is often not viable and, in some cases, has already occurred due to supplychain shortages.
The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes. Some items on a shipper’s “Wish List” for freight procurement are flexibility, visibility, and efficiency. Efficiency in freight procurement allows companies to engage in other value-added work.
From humble beginnings in 1919 as a moving company in Jacksonville, Florida, The company has grown into a $600-million global transportation, relocation management and logistics company, serving 180 countries with 2,000 employees around the globe. Prior to that, he was Chief Technology and Procurement Officer for Ryder System, Inc.’s
You might find then find it surprising that a recent survey, conducted by Verdantix, found more than half of the company representatives who responded indicated “they still use a mix of spreadsheets and paper” as part of their supplychain risk management process.[1] Digital age risk management tools.
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In this October 10, 2023 2023 edition of SupplyChain Matters This Week in SupplyChainTechnology we provide our capsule highlights of investments announced by supplychain management focused tech providers. The technology start-up secured $30 million in Series A funding in 2022.
The SupplyChain Matters blog features its latest full edition of This Week in SupplyChainTechnology. This column serves as a news capsule of specific developments occurring in the supplychaintechnology sector. Our previous full news capsule edition was published on October 25, 2023.
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