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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. But, of course, when dealing with systems that operate at such scale, exceptions happen.
In their latest Global Freight Forwarding report , Ti assessed whether digital platforms, digital forwarders, and freight marketplaces were existential threats to traditional forwarders. Intrigued, here’s our summary of the key highlights – of course, we couldn’t help ourselves from expanding on them a bit.
Freight Forwarding And Digital Customer Service Five Years From Now. Today, talking with an account manager about freight seems obvious. Of course, phones shifted from being cutting edge, as did Dial-a-Truck, which became the trucking technology powerhouse known as DAT. By John Edmonds, Research & Marketing, Freightos.
Shipping and freight professionals want to change their supply chain strategies post-Covid, according to a recent survey. Answered by over 300 Shipping and Freight Professionals across the world, the survey brought out some key indicators that will inform the future course of global supply chains.
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. More freight costs, higher consumer costs.
And even if there’s an imbalance, good forecasts allow organizations to course-correct before a real problem emerges. The ocean freight sector is facing a particularly high amount of uncertainty right now thanks to ongoing container shortages, port congestion and lack of capacity. Covering the Demand.
A Freightos survey of 300+ companies sheds light on how importers have been navigating supply chain disruptions. You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. What’s changed in a year? Let’s talk numbers.
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. The key takeaway? One challenge appears to have been replaced with another. But it’s still worth asking.
However, GEP And S&P Global publish the GEP Global Supply Chain Volatility Index based on data derived from S&P Global’s PMI surveys. Of course, lower rates are great if you are paying for the service and not so positive if you are providing it. Of course, prices tend to jump from supply and demand pressures.
More than a year into a freight capacity crisis that shows little sign of weakening, it’s time for all parties involved in logistics and freight transportation to meet this issue head on. Of course, all of this is easier said than done, but new challenges tend to require new strategies and new innovation.
Heavy freight routes are usually prioritized since they are the most likely to deteriorate faster. government even opted to allocate roughly one half of the 2021-2025 National Highway Freight Program projects budget to roadway and bridge preservation. Of course, this is not the world we are in today.
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.
The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. By Zvi Schreiber, CEO, Freightos.
The Top 7 Stories in Freight. The hottest stories in freight can be found here, in the Weekly Freight Report: 1. Even after a surge in retail volume, overall truckload volume is down 4% year-over-year because of lagging industrial freight. 2021 freight rates may start sizzling. Get the full details here.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. cities over the course of the year, bringing the total number to 110. billion worth, the survey found. And now on to this week’s logistics news.
In a recent global survey conducted by our team, shippers reported congestion and capacity as their main pain points in today’s ocean environment. One way is diversifying freight through different modes like LCL. Of course, this would depend on the origin and destination of those goods. Expedited LCL options.
The retailer has partnered with the Bengaluru-based cargo airline Quikjet to launch its maiden air freight service in the country, which it said will enable the firm to speed up its delivery. India is the third market where Amazon has launched its freight service. And now on to this week’s logistics news.
A recent Haven publication, the “State of Freight Digitalization,” revealed some surprising details about why companies continue to face roadblocks to freight technology adoption. The Haven survey found 35% of respondents cited manual processes, such as login to 23 different systems to track a shipment, as a significant challenge.
The frustrating feeling, that government regulators aren’t listening to you, is a common one within the freight industry. The higher the minimums go, the more difficult it may be for small and medium sized carriers to survive, especially since the industry was already hit hard by last year’s freight broker bond increase.
According to the National Retail Federation’s (NRF) annual back-to-school shopping survey, consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall. billion last year and an all-time high in the survey’s history. billion, up from $33.9
There’s been a slow, persistent march towards increased digitalization and, yes, increased transparency, in the freight industry. This week the Journal of Commerce invited me to advocate for transparency at TPM in a debate where the other side was argued that freight prices will remain private. This can happen in logistics too.
The global freight forwarding market has grown by 2.7% in real terms since this time last year, but owing to a continuation of excess capacity issues and lower average oil prices, rates continue to fall in both air and sea freight. Meanwhile, logistics managers moving freight globally should plan their budgets accordingly.
Launching your business in the freight broker and logistics fields can be an exciting journey. One of the best ways to get the knowledge you need to excel is to turn for freight broker tips in online groups. Unlike official courses where you get the basics about the trade, online groups provide first-hand freight broker resources.
The Digital Freight Ecosystem. Part 2: What’s Bringing Freight Online. In the first part of this article , Dr. Schreiber observed that freight is still largely offline and examined why freight digitalization has been so complicated. . Bringing Freight Online In The Carrier Space. By Zvi Schreiber, CEO, Freightos.
According to the Institute for Supply Management , 75% of the 600+ businesses surveyed in the United States experienced supply chain disruptions. The best course of action to successfully assess risk and prepare for these disruptions is to get support from a logistics and supply chain expert. .
The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. Including, of course by leveraging global freight tech for BCOs. The Weekly Freight Update. Signup Now.
Now, of course, parcels are a daily occurrence, and our attitude towards packaging is somewhat different – more enlightened. Surveys show that up to half of consumers rate grossly oversized packages among the things they really don’t like about Internet shopping. And if you don’t believe surveys, just look on social media.
According to the Business of Sustainability Index , despite intense inflation since 2020, 66% of general US customers and 80% of young adult (ages 18-34) US customers surveyed in 2022 are willing to pay more for sustainable products/companies that embrace sustainable practices. Clearly explain cause and effect. We hope you do!
Today, we kick off our annual year end series highlighting the top blog posts in each of our 7 main categories: Manufacturing , Supply Chain , Logistics , 3PL , Business , Transportation , Freight. We will feature over the next 7 business days each category’s top 10 most viewed posts over the course of 2014. Read Full Post.
Researchers, like Drewry, see freight digitalization hitting the sales process first , reducing the cost of sale. Pioneers may lack coverage (for now), according to a Transport Intelligence mystery shopping survey, but this will soon change. Freight’s Expanding Market. Small Business Means Business For Forwarders.
Cost is, of course, another important aspect of running a successful business. There is an interesting correlation between the success of the survey and the data technologies that are utilized as more companies start relying on digitized services. The Impact of Technology. Improving Data Shows the Real Strength of Trucking.
Supply Chain 2014 Infographic: The State of the Supply Chain: I recently came across an interesting infographic from SAPinsider and insiderPROFILES that showcased a survey around the State of Supply Chain 2014. The survey, conducted in late 2013, asked supply chain management (SCM) professionals about their priorities for the coming year.
Shippers and third-party logistics providers work hand in hand and they tend to agree on most things when it comes to the freight industry. The survey reflected a market in rapid transition from a two-year downturn to more dynamic growth and tightening capacity,” The JOC said. Tightening the Belt on Capacity.
From freight tender processes to customer communications to supply network management, there are many ways chatbots and logistics process automation can improve freight management processes. This, of course, includes using RPA to handle email inquiries and keep the communication going strong. Order accuracy concerns.
From freight tender processes to customer communications to supply network management, there are many ways chatbots and logistics process automation can improve freight management processes. This, of course, includes using RPA to handle email inquiries and keep the communication going strong. Order accuracy concerns.
The American and Canadian militaries believe that the balloon was for surveillance, while the Chinese government said it was a civilian meteorological research airship that had blown off course. Some companies expect to cut ocean-freight rates by half or more, which in turn could allow retailers to slow or stop price increases for goods.
Finally, we have surveyed and interviewed TMS customers. Interviewing the system integrators (SIs), that implement the different types of transportation software solutions, allowed us to complete our 360-degree review of freight transportation software technologies. Mexico, of course, has lower salaries than the US or Western Europe.
There are, of course, some other important differences between the two types of providers: 4PL is, in general, better suited for medium-to-large businesses , while 3PL is more suited to small-to-medium businesses. Unloading of local freight and de-stuffing and palletising of international freight. percent over FY19.
Freight costs stand out among other inflationary pressures in that they cannot be effectively hedged. Therefore, in the absence of hedging, CPG companies should utilize as much freight-related data as possible to mitigate freight costs more effectively and improve supply chain efficiency. A recent disclosure by the J.M.
Recent developments in freight digitization are simplifying the shipping process and giving visibility to freight pricing enabling small players to handle the logistics side of their business more easily, transparently and efficiently. million freight containers each year. That digital reach extended to importing as well.
. ” He took the opportunity to repeat his own statement that seafarers are “ on the front line of this global calamity ” and that the situation needs a “ practical and pragmatic approach, in these unusual times, to issues like crew changeovers, resupply, repairs, survey and certification and licensing of seafarers.
2020 has been different from the norm in just about every single way imaginable, so it should come as no surprise that freight is going off the rails. Amazon, of course, has been leading the way in e-commerce sales for the better part of the year as quarantine and lock down restrictions forced many shoppers to go online, rather than in-store.
It’s quite important to pay personalized attention to your customers via providing them with useful applications, easy check out process and recommendation surveys, which can improve customer experience and boost the level of your ecommerce sales drastically. Personalized E-Mail Campaign. Social Networks Personalization.
We currently measure an average of 13 visits a day for each recipient, some of whom are so eagerly awaiting delivery that they click up to 35 times in the course of delivery,” reports Adrian Wilhelm, product manager at Bettermile. Real-time tracking is a popular service. “We
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