This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Partnership-First Approach: By eliminating the burden of frequent, large-scale tenders, shippers preserve key relationships with providers, ensuring collaboration over competition. Flexibility in a Volatile Market: As pricing and freight capacity fluctuate, procurement professionals need to adjust rates quickly without lengthy RFP processes.
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Strong and versatile logistics strategies depend on this data. Download the White Paper.
Regardless, reducing the impact on the environment while also keeping consumer loyalty and boosting efficiency can be tricky, but is possible. Trains transport multiple units simultaneously, reducing the amount of fuel needed. Trains transport multiple units simultaneously, reducing the amount of fuel needed.
Were any resources lacking to impede your response to the effects of coronavirus? In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. Prepare for Upcoming Supply Chain Risks.
Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.
Our team put several resources together to help supply chain organizations navigate through this crisis safely. . The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart. Demo in Network Design Navigator .
Since they act as both carriers and shipper-like entities, the right blend of freight broker resources is essential to maximizing value. Read why each of these freight broker resources add value for the day to day operations of a freight broker. A dynamic RFP guide reduces the challenges of managing peaks and lulls in demand.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. In September the White House announced plans to significantly reduce access to the de minimis exemption, with e-commerce imports from China a main target.
Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Freight data reduces dwell time and load time. Operational costs continue to increase for carriers year to year.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. With peak season now behind us, transpacific rates nonetheless continued to climb moderately from their October lows last week as carriers seek to keep vessels full by reducing capacity.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Authorities will reduce daily neopanamax transits to five by February, suggesting that even at their most extreme, restrictions could still accommodate container traffic reasonably well.
We’ll look at four strategies to optimize shelf replenishment, reducing stockouts, improving inventory management, cutting waste, and boosting productivity. Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns.
Let’s take a look at recent example of how the strategies employed by the Indian Cricket Team during their face-off against Australia in the 2023 World Cup resonate seamlessly with the principles of optimal last-mile delivery: 1. They synchronized their strategies, adjusting to the game’s rhythm. Their secret sauce?
Take advantage of EDI and API to reduce clicks and delays in the workflow Shippers that leverage electronic data interchange (EDI) and application programming interface (API) find that their digital workflow improves. More insight via data analytics reduces the clicks needed to schedule and conduct business between shippers and carriers.
The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Carriers have been reducing capacity through blank sailings and other measures in response. But despite reducing scheduled Asia – N.
Geocoding drastically cuts down on the headache of reattempted deliveries on these unclear by accurately locating unclear addresses, thereby saving costs and boosting customer satisfaction. This proximity reduces the need for long-haul deliveries, further cutting down transportation costs.
It will free up time and resources so that you can devote yourself to aspects of the job that require a human touch. It would also eliminate missed orders and inadvertently reduce costs. It is essential to keep all supply chain functions in line with your overall goals and strategy.
So, knowing more about order fulfillment, its importance, process, and strategies is critical. With an efficient order fulfillment process, businesses can reduce their shipping costs and improve their turnaround times which helps them increase their sales and revenue. Let’s fill in! What is Order fulfillment?
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. This is actually surprising; while some importers are concerned about the Red Sea delays, which would reduce available capacity due to longer transit times and turnarounds, many are concerned about too much capacity.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. US officials are in talks with other countries about setting up a maritime task force to secure this crucial waterway and reduce the growing threat to traffic there.
A clean, well organized warehouse and fulfillment center can help eCommerce businesses save on fulfillment costs by reducing errors in picking and packing orders, optimizing storage space, and getting orders out to customers faster. Similar products can be slotted in separate locations to reduce common picking errors.
Shippers want a significant reduction in the stress of logistics. And despite the current challenges, carriers are already looking for ways to augment their capacity through increased access to freight broker resources and beyond. That’s the only way to create an enduring freight management strategy. Request a SONAR Demo.
However, carriers also realize that an immense value and resource rests within more localized and regional carriers. Alignment of rates with market stability grades reduces the risk of rejection and delays. Increase routing guide stability by getting the right data resources in your tech stack. Request a SONAR Demo.
Improve end-to-end visibility to reduce idle time and wasted resources. Analytics-driven processes must continue to remain the primary strategy for all managers today to improve profitability and increase revenue per driver and per load. Idle and dwell time during loading and unloading can get reduced.
Domestic transportation networks can better collaborate load capacity to reduce wasted miles and space. And yet even with all the variety that exists, there’s always a new system or resource that promises to provide more data, more insight and more actionable value for carriers, brokers and shippers alike. All calculators are great.
That occurs by knowing when to increase the per-mile rate to reduce risk of tender rejections, identifying which lanes are likely to experience routing guide failures due to volatility and more. The best transportation management strategy uses data, and that data must be accurate, valid and timely. Request a SONAR Demo.
Logistics applications of blockchain all derive from maintaining an incorruptible data resource. Supply chain leaders can validate payments for goods through blockchain, thereby reducing fraud. Tracking data while in transit reduces damage and ensures drivers maintain compliance. Trucks in the U.S.
This blog will delve into the current state of driver availability, its causes, consequences, strategies for mitigating the challenge, and future outlooks and long-term solutions. While essential for safety, these regulations reduce the number of active driving hours, necessitating more drivers to meet delivery demands.
Blockchain in the pharma supply chain could reduce the purchase of counterfeit drugs and medical devices, thereby reducing damages and saving lives. Blockchain Enables Better Inventory Management, Reducing Risk of Expiration. Blockchain Increases Compliance With Regulations Regardless of Geographic Region or Location.
This can help reduce uncertainty in the various lanes and reduce the network’s impact. Market disruptions happen, but prior preparation and planning for as much as possible can reduce their impact on the supply chain. Reduced risk in transportation budgeting, protection for investments, and enhanced problem response.
Figuring out the best strategy for managing fleet assets can be difficult at best. And a failure to ensure trucking capacity availability within one market will have a resounding effect on allocation strategies of a trucking fleet’s assets. Consideration of backhaul opportunities to eliminate deadheading in trucking.
Compliance with routing guides can reduce costs like processing damaged products and saves time when the operations staff doesn’t have to figure out a shipment with missing documents.” In turn, that reduces risk of tender rejection and reduces overhead costs. Request a SONAR Demo. Request a SONAR SCI Demo.
Get your team on board with new strategies. Business leaders should work to share new strategies and process improvements with all staff. As such, it may be necessary to conduct additional training for new freight brokerage software or other resources. Reduce dock delays. Request a SONAR Demo.
Wasting resources and assets cost managers a pretty penny. Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Finding quality loads for moves on trips that would have otherwise remained empty is the best way to reduce deadheading. Request a SONAR Demo.
Subscribers receive near-time market intelligence to improve pre-RFP strategy analysis and can identify new market opportunities with little to none native, historical data. And, a user can appropriately allocate internal resources to secure dedicated capacity, based on a Lane Scorecard lane profile. It has been recognized by Inc.,
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Asia-US East Coast prices (FBX03 Weekly) climbed 5% to $2,497/FEU. Additional GRIs are planned by some carriers mid-month, with some announcing January GRIs as well, aiming to push rates past the $3k/FEU mark.
Embracing this new approach through a unified logistics technology stack will help streamline many daily processes and cut back on wasted resources. And conservation across time, working hours, resources, and energy throughout the supply chain network becomes a reality. Request a SONAR Demo. Download the White Paper.
Aside from the implementation of automated technology and digital tools, one of the most significant shifts in the shipping and transportation industry focuses on reduced emissions. Why are more and more shippers and carriers working to reduce pollution and lower emissions? But what do they mean for the supply chain network of today?
Furthermore, real-time data and SaaS-based resources have additional value in the form of enabling management by exception. SaaS-based resources have fewer maintenance and development costs than an in-house platform. Request a SONAR demo online to get started. . Request a SONAR Demo. That’s what they do.
Asset optimization resources that consider actual market trends and predictive rates Trends in the freight market continue to change, especially when it’s least expected. So it’s imperative to optimize the resources to have a more accurate projection of the ever-changing trends and freight rates that are happening in real-time.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. Transatlantic rates have increased about 45% since mid-October to $2.60/kg, Freight news travels faster than cargo Get industry-leading insights in your inbox.
Asset-based carriers should ensure proper pricing alignment, which eliminates unnecessary expenditures and costs. . Additionally, real-time visibility eliminates unnecessary costs. LSPs that can better locate their assets, reduce expenses and lost time. Request a SONAR demo by clicking the button below to get started.
Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Email and fax don’t cut it. Request a SONAR demo online today. Request a SONAR Demo. It contains a host of applications for shippers as well.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content