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He also spoke at the ARC forum in 2023, and this article is based on that presentation as well. We needed to model the data in a way that we can do simple searching. We spent hours and hours looking for data, whether it was for audits, compliance, or just basic troubleshooting. Data does not move. Celanese has 2.5
Supply chain intelligence and actionable insights must apply the most accessible, near real-time data available. 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. Market dynamics of freight management can turn on a dime.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.
The digital age has presented a wealth of opportunities for the over the road trucking market. The abundant data sources can make the process of assessing the market more difficult than necessary. Shippers and carriers should make more definitive decisions in selecting their data sources. Download the White Paper.
This is done by presenting in-depth insights in an effective manner, such as with an easy-to-view ticker lineup, such as seeing OTLT.USA compared to OTRI.USA side-by-side, but that can only go so far in helping to alleviate concerns with routing guide compliance. Download the White Paper.
Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data. Businesses that have better access to more data have distinct advantages.
Therefore, enterprises need to know how to apply transportation data to increase on-time shipping performance. . Aggregate data from beyond the four walls of your business. Yet all benchmarking begins with access to the right supply chain data. Augment on-time shipping performance with freight data at your fingertips.
During the event, Rishi Mehra, director of operations and strategy, and Kelly Williams, product manager, had just seven minutes to present a Rapid-Fire Demo of Engage Lane: an agile transportation procurement platform that streamlines the relationship between carriers and shippers and helps them uncover better ways to move freight.
Data provided to American Shipper on Wednesday by project44 listed 36 vessels affected by the canal blockage. Due to the backlog of vessels that are already present in the US, there are likely already vessels waiting to take their place at terminals within US ports in the meantime. Request a SONAR Demo. Request a SONAR SCI Demo.
Original article: PODCAST: Modern Courier Delivery Compliance Considerations: Understanding SOX and SOC Compliance Logistics and supply chain are some of the world’s most complex and regulated industries, which has been further compounded by increasing reliance on data and technology in both fields. What Is SOC Compliance?
Meanwhile, shippers face the challenge of managing their day-to-day transportation networks during a period of unprecedented supply chain disruption. Either one would be a challenge, but performing both at the same time presents additional challenges in a carriers’ market. Request a SONAR Demo. Request a SONAR SCI Demo.
Evolve Automation and streamlining No Contact for pricing 40Grid Data-driven decision-making No Subscription-based Lets explore each pest control software platform in detail to identify the right fit for your field operations. Efficiency Tools: Automates reporting and integrates real-time weather data to improve service planning.
Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. And it’s important to know why tendered, non-paid data can add so much weight.
However, increasing freight management efficiency can come in several different forms and can present a difficult challenge. Companies that can accurately predict market volatility trends, using indices with reefer data analytics , can ensure that they remain prepared in the event of replenishment issues. Request a SONAR Demo.
Gaining insight into FreightWaves SONAR emissions datapresents multiple benefits for businesses. Understanding emissions data allows optimal planning and strategies for shipment execution, which in turn provides solutions to wasted cargo space and provides the most efficient transportation mode for the job.
superior technology, faster delivery times, eco-friendly vehicles) By presenting a clear description of your business, potential investors or partners can better understand how your company fits into the larger market. Include data on industry trends, growth projections and customer demand. through 2027. Research is key here.
And disruption continues to evolve and present new challenges, including a misplaced perception that digital technology will threaten such companies’ success. There is another advantage to using SONAR data during onboarding processes. Unfortunately, insufficient and/or old data insights will do more harm than good.
For instance, both CVS and Academy both present their routing guides online for easy access. However, the routing guides can be much more clearly defined by thinking about how they apply to overall shipper stability and why consideration of market volatility data and analytics are critical to understanding service levels.
According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.
Some of the most common issues that arise from a lack of accurate transportation cost analysis and data tracking include the following: Inability to track data and respond to it in real-time. . Limited data sharing within the chain. Get started by requesting a FreightWaves SONAR demo via the button below today.
Capture pricing data for LTL freight. Collecting, analyzing and applying real-time freight data and information can help ensure accurate and profitable rates are secured for each load. Accurate data and analytics , along with the inclusion of digital dashboard platforms, can make everything more accessible and more streamlined.
Market volatility insight presents value to carriers that learn to recognize how trends lead to challenges and why those challenges represent opportunities for improvement. These trucking costs all present an ongoing concern for carriers, and unless carriers are prepared, they will lose sight of the bigger picture.
It is well worth the investment because there’s nothing worse than presenting to your customers with half your face hidden by a shadow. . If you do need to present a demo, PowerPoint, or other material on a call, then you will need to use your laptop. Request a SONAR Demo.
The industry is moving in that direction, as augmented reality (AR) and virtual reality (VR) systems begin delivering fresh new Internet of Things (IoT) data analytics to workers in a variety of fields. “We AR Puts IoT Data in Context. Connecting workers to useful IoT data feeds is a major goal of AR initiatives.
Most freight brokers include these services in their sales presentations as a list of features, instead of a comprehensive bundle of services. . By intentionally bundling all of your varied services together as one single narrative, it is much easier to present the benefits in each step of a load’s life cycle. Request a SONAR Demo.
Customer relationship management systems collect and centralize all the important data about a business’ customers (and potential customers). This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.
But that concept often falls by the wayside in supply chain analytics, especially when assessing the accuracy of predictions using freight data or a forecasting engine. Predictive insights take massive amounts of data from market conditions and yield a potential outcome of what is likely to occur. USA and FWSR28.USA
Since its introduction in 2018, FreightWaves SONAR has provided subscribers with the most current freight market data, analysis and insights. SONAR is the only freight forecasting platform that combines contract tender data with spot rate data and creates predictive freight rates.
However, the issues presented with market instability and rising rates are evident of additional trucking compliance failures. There are many factors to consider, but regardless, the primary goal is to know how to capture data, apply it, and stay strategic with your contracts. Request a demo by clicking the buttons below.
Nevertheless, Mr. Ellison presented a fascinating vision centered on how technology can be used to digitally disrupt a 10,000-year-old industry. At last year’s CloudWorld, Oracle presented their vision for transforming the healthcare industry by applying AI to vast amounts of anonymized patient record data.
Utilizing advanced delivery management software featuring machine learning algorithms can help automate the scheduling process; these tools can analyze historical data and real-time conditions to propose optimal delivery routes and times. The challenge lies in balancing multiple deliveries efficiently while ensuring timely arrival.
The integration of drone technology holds the potential to revolutionize how businesses approach pest management, presenting both opportunities and considerations. GET A FREE DEMO Challenges and Limitations of Drone Usage Drones for pest control offer significant potential, yet face a range of challenges and limitations.
For instance, this might be present on a white-glove shipment. In addition, tracking average lead time is yet another key point of why tracking near-real-time freight data is crucial to the success of both enterprise shippers and truckload carriers alike. Limited shipment or load data. Request a SONAR Demo.
Carrier or trucking company performance management depends on the ability to collect and apply data to understand the real health of the business. As reported by Mindy Long of Transport Topics , “One of the challenges for fleets collecting a wealth of data is determining what information is actionable.”
And these fluctuations within the trucking market range from market volatility to the lack of real-time data. And it also presents the opportunity to make more money by aligning freight rates accordingly as well. The lack of real-time data leaves the driver and the carrier in the dark through the freight and shipping processes.
This is just an example of the challenges presented by the globalized market. At the same time, you have all these terms – machine learning, artificial intelligence, big data. CAT Squared contributes with their knowledge of integration and their expertise in capturing data and creating great interfaces. Visit Booth 7.F092
This presents a huge challenge for enterprise shippers who have not embraced modern technology and freight tools. However, it has no immunity to rising costs and fees, changes in taxes, mobile data expenses, and penalties. Unfortunately, ocean shipments data is rarely easily accessible or available for analysis by enterprise shippers.
Companies use data and automation to boost profits, improve ROI, improve customer satisfaction, and more. Global Trade Tech | To Be Announced This FreightWaves event includes talks, demos, keynote presentations, vendors and much more. Request a SONAR Demo. The event will teach you how to accomplish these goals and more.
Advanced route planning software utilizes real-time data, predictive analytics and machine learning algorithms to create efficient delivery schedules tailored to each driver’s route. FreshPath Logistics FreshPath’s routing software provides a data-rich experience, enabling them to track deliveries with precision.
That said, it is slowly but surely catching up, and automation in the supply chain is becoming increasingly present. Automation will allow for supply chain executives to focus their time on data analysis and forecasting as opposed to managing and overseeing every single process in the supply chain.
Today, teams are armed with data like never before, making the jobs of NFL scouts more efficient. But what is it about a data-driven approach that gives scouts the edge? The good players know where the ball is presently. This enables them to deliver efficiently when order volumes peak and win a broader customer base.
While logging into a shipping data analytics engine like FreightWaves SONAR is an excellent way to keep tabs on the market, there’s another opportunity to stay in the know without being tied to a desk. Great Quarter, Guys covers the state of freight from a data driven research powered approach. Watch #WithSONAR. Freightonomics.
I’ve never given a supply chain presentation in Spanish. Here’s a short video I recorded in Spanish highlighting the topic of my presentation: If you plan to be at the conference, I look forward to learning and networking with you. I’ve never been to Chile.
Data needs to be set free, allowing more collaboration. We’re also in the process of editing the presentation recordings; visit the bottom of this post to get added to the distribution list once it’s live. Cargo can’t talk, so edge-cases cause serious complexities, especially if all the data isn’t tied to the individual shipment.
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