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This acquisition combines Freightos’ industry-leading spot pricing, quoting, and booking capabilities with Shipsta’s best-in-class tender procurement platform , creating a unified, agile platform that tackles the full spectrum of freight needs — from tendering to spot procurement.
For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes.
From a financial standpoint, transportation cost analysis remains focused on determining the value of the resources used to execute a given shipment and goes well beyond benchmarking. Moreover, this kind of analysis does not focus on who ends up paying which expenses in the end. The challenges of limited transportation cost analysis.
This begs the question: Even if the industry gets more truck drivers, just how much is enough to relieve the strain on trucking capacity? The answer is not simple and involves research and analysis across a number of factors. Analysis of employment data. for Q2 2021, relative to Q2 2018.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. America weekly prices increased 2% to $1.85/kg.
Industry players have already begun experimenting with technologies like robotics and artificial intelligence. While automation in the supply chain is still in an early-adoption phase, the impact that it could have on the industry is significant. Don’t worry– in this case, it will be highly beneficial for the industry.
The trucking industry plays a crucial role in the transportation of goods across the world. In this blog post, we’ll take a closer look at the importance of efficient logistics in the trucking industry and how it can benefit your business.
With ongoing supply chain disruptions continuing to affect all industries, that’s a question that the fabricated metals industry is beginning to ask. Supply Chain disruptions are creating a chain reaction across the metal fabrication industry. AI goes to the next level by helping with the analysis of that data.
If youve followed our blog over the years, youll know that weve shared lots of information about distribution network design, why its vital to get it right, how long it should take, the importance of reviewing the network every so often, and various elements of design such as determining the number of warehouses and where to locate them.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Hurricane Milton battered the west coast of Florida last week.
The manufacturing industry is currently undergoing a rapid digital transformation, and as a result, companies are generating vast amounts of data. Unfortunately, without proper processing and analysis, this data is of little use to the organization. This enables managers to take swift action and keep production on track.
To be a successful CSR, they must balance the following activities: Relationship-building + customer success: sales reps bring shipper customers in, but CSRs keep them and build the brokerage's industry reputation. Market intelligence + analysis: carrier pricing, for example, can change at any moment.
For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. By combining order-level management with cost to serve analysis, businesses gain unparalleled transparency into their operational costs. The benefits of each component are highlighted below.
Blog " * " indicates required fields Email * More Resources Home September 6, 2023 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.
To look at what risks will affect the supply chain in 2018, Rob Savitsky of AIR Worldwide ( a member of the MIT Center for Transportation & Logistics Supply Chain Exchange program), wrote a blog for MIT discussing three broad categories of supply chain risk. Natural Catastrophes.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. A recent analysis suggests that some spending growth is on the types of goods , like video games, that don’t ship by ocean container – another factor in the relative disconnect between spending and freight.
Blog " * " indicates required fields Email * More Resources Home August 29, 2023 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.
In our previous blog, we explored how matrices enhance supply chain efficiency, from inventory management to logistics. The Future of Matrix-Based Optimization The Future of Matrix-Based Optimization AI and machine learning (ML) take matrix-based analysis to new heights. Now, were taking it a step further.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Alongside the ongoing, Iran-sponsored, attacks on Red Sea traffic, this event poses yet another potential challenge to the container industry. Europe – N. America weekly increased 1% to $1.88/kg.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. America weekly prices increased 3% to $2.15/kg.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. The Industrial Relations Board ordered operations to resume in Vancouver, Prince Rupert and Montreal, and sent operators and port worker unions to binding arbitration, with ports reopening late last week.
And there remain significant problems within the industry. One of the biggest challenges facing the industry right now is deadheading. Waste matters in the shipping industry because every instance leads to higher freight costs. Access to data for tracking and analysis is critical for success and growth. Think about it.
In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years.
In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years.
New industrial processes that reduce emissions can also lower the cost of energy. ESG reporting and analysis Data is one of the most important requirements of an ESG program. It is only with the analysis of data that situations can be visualized and changes made. appeared first on SYSPRO Blog.
7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. The local ILWU port worker union chapter in Vancouver had announced a Monday strike as part of an ongoing dispute with port operators there, but Canada’s Industrial Relations Board ruled that the strike was illegal.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N. America weekly prices fell 2% to $1.77/kg.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N. America weekly increased 4% to $2.08/kg.
Blog " * " indicates required fields Email * More Resources Home August 23, 2023 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.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Recovery efforts in Baltimore continued to make progress this week.
Blog More Resources Home September 3, 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. America weekly stayed level at $1.66/kg. kg to Europe.
However, the most significant hurdle to implementing and integrating blockchain with your existing system is the general lack of technology present in the industry today. . Ongoing analysis of operations and refinement of processes allows for better use and application of blockchain technologies. This is essential to success.
They have several capabilities of an ERP system; optimizing cost control, streamlining business processes, improving productivity, and providing real-time data analysis for reporting and decision making. The post Why you may need to upgrade your ERP system appeared first on SYSPRO Blog. Why upgrade your ERP system.
This moment goes beyond analysis and reflection; it is the right opportunity to redefine strategies and outline new plans that not only drive results but also guarantee a prominent place in the market. Being aware of innovations enables you to anticipate market trends, optimize operations, and provide a unique client experience.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N. America weekly prices fell 4% to $2.06/kg.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N. America weekly prices fell 2% to $2.01/kg.
The second step will be to convert all critical business data produced going forward that requires analysis to be collected going forward. The Internet of Things (IoT), and Industrial Internet of Things (IIOT) is a prime example of digitalization. You’ve probably travelled a fair way down this road already.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N. America weekly prices climbed 1% to $1.84/kg.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Dive deeper into freight data that matters Stay in the know in the now with instant freight data reporting Sign up for Free Analysis Asia – N. America weekly prices increased 5% to $2.10/kg.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N. America weekly prices fell 2% to $1.7/kg.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Europe – N. America weekly prices fell 2% to $1.66/kg.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Freight news travels faster than cargo Get industry-leading insights in your inbox. Asia-Mediterranean prices (FBX13 Weekly) fell 6% to $7,493/FEU.
The food and beverage industry faces a complex assortment of challenges today. Understanding the supply chain from “farm to table” is essential to not just meet regulatory compliance but also to allow consumers to have confidence in the ethical sourcing of natural resources in the food industry.
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