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In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
Editors Note: The following is an excerpt of a research report published recently, The State of Digitization in Freight Forwarding 2025. The research, conducted by Adelante SCM and commissioned by Magaya, highlights digitization trends and priorities in the freight forwarding industry.
He joined Reliance Partners in 2021 and has been leading efforts to drive big data and Insurtech initiatives across the enterprise to deliver a smarter insurance experience. The company faces an emphasis around technology and has been the only insurance agency recognized on the Freight-Tech 100 list each year since its inception.
Today marks a pivotal moment for the transport industry as Women in Transport launches its second annual Women in Transport Equity Index Survey , a global benchmark for tracking diversity and equity in the transport sector. Equity and diversity are vital to the future of transport, and we’re proud to lead this essential work.”
Shippers that do not yet have a plan in place are more likely to find most of their freight moving through the spot market in Q3 and Q4. As noted by DC Velocity , “ most freight forwarders, traders, and shippers expect more disruption in the 2022 third-quarter peak season than they felt last year.
According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.
solution combines aggregated market data and customer data with advanced machine learning techniques to deliver short-term predictive freight market pricing specific to a company’s individual buy and sell behavior. Episode Sponsor: Greenscreens.ai The Greenscreens.ai
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freightdata that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. He’s obsessed with marketing, data storytelling (it’s a thing!)
Port Everglades’ landside operations resumed Thursday morning and waterside operations are expected to resume Thursday, pending channel and berth damage surveys. If issues persist longer than a week, other parts of the retailer’s network will absorb that freight.” The whole supply chain is one big network.
Whether you're a trucker looking for opinions on your side of the brokered-freight transparency debate, or a broker looking to understand your service providers, these survey results shine more light on one of trucking's most important topics.
According to data from the industry, there are a lot of claims related to perishable shipment by all means of transportation. Marine Cargo Survey Practices. Analyze data obtained from survey, formulates recommendations pertaining to vessel capacities, and writes report of findings. Gathering Information.
In general, the companies in the meat industry have among the most to gain from improving their freight efficiency, and we estimate that food companies with average margins and an average relative freight spend could save $300 for every $1 million in revenue by improving freight efficiencies by 1%. Request a SONAR Demo.
After several record setting years, 2023 saw shifts to the freight market. How did the 2023 freight market affect shipper and carrier businesses? Carriers are still concerned about low rates, operating costs, and low freight volumes hurting their businesses. Most look to continue to put most of their freight on the spot market.
Supply chains across the globe need a better mousetrap to keep freight spend under control and efficiently manage freight. According to a 2017 survey of supply.read More. According to a 2017 survey of supply.read More.
Order-level Management: The tracking of orders from inception to fulfillment, and the management of the people, processes and data connected to the order as it moves through its lifecycle. For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer.
Glenn Taylor | Sourcing Journal November 02, 2023 In an improving sign for the retail supply chain, the majority of shippers surveyed by third-party logistics (3PL) provider BlueGrace Logistics—64.4 The index correlates growth or shrinkage to overall industry volume of freight shipments and product prices. “We In fact, 65.8
More Resources Home Red Sea Crisis and Early Peak Season Surge Disrupt Global Supply Chains for some SMBs Judah Levine July 24, 2024 Since early May, supply chains have faced significant disruptions due to congestion caused by Red Sea diversions and an early start to ocean freight’s peak season.
Despite Hapag-Lloyd’s earnings report from earlier this week, market research firm Xeneta’s latest analysis of the shipping industry indicates freight rates have finally peaked, after skyrocketing throughout the first half of 2022, and will normalize throughout the rest of the year. The Evidence.
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freightdata lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.
2020 threw at us a potent concoction of virulent market conditions including a pandemic, skyrocketing freight rates, reduced availability of space and equipment on container ships, unprecedented demand and port congestions along with the usual documentation and visibility issues that we have been facing for years. Take the survey.
As a result, capacity remains tight, and freight rates continue to increase. With logistics experts estimating that high freight rates will remain through 2022, maybe even 2023, now is not the time to stress over transportation costs. FREIGHT MARKET OUTLOOK. Freight rates have jumped 26.6 FINDING CAPACITY.
It adds that by analyzing revenue forecasts, inventory levels, and order volumes, the index provides industry stakeholders with valuable insights into what to expect in the next quarter and how these trends reflect the freight market. BlueGrace SVP of Managed Services Jason Lockard said that the 5.9%
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. And one of the easiest ways to keep up-to-date with the latest news and trends is to follow the available top freight podcasts.
Kevin has an MBA from the University of Oklahoma and was a freight broker. 1500 carriers have been surveyed. ? 22:09 – Data Revolution in logistics. The availability of data is starting to revolutionize logistics. download the audio file. Optimizing the routing system. are direct with shippers ? with brokers.
The challenges facing third party logistics providers The survey highlights accuracy, timeliness and cost-effectiveness as the top priorities in goods delivery, named by 57% and 31% of supply chain professionals respectively. They can analyse data to predict and prevent accidents, reduce traffic violations and enhance driver behaviour.
At the end of March 2020, we set up a short survey sponsored by Ocean Insights. This survey which was answered by over 300 Shipping and Freight Professionals across the world collected and analysed data on three key aspects of Impact, Preparedness, and Recovery.
Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.
Robinson experts provided in-depth analysis of current supply and demand trends, our updated forecast, and the impact of global import volumes on North American freight transportation. Is the shortfall in drivers going to advance the push to self-driving, long-haul freight operations? webinar, C.H.
These standards define how IoT devices will communicate, and how data will be collected, processed, handled, stored, and summarized. Strong players in the market will emerge as platform providers to aggregate the IoT data and provide key insights into that data that drive better business decisions in 2018.
More Resources Home June 4, 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 prices decreased 5% to $5.43/kg
Expedited Freight Questions Answered Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 10, 2023 Whether your organization uses expedited freight shipping every day or occasionally, it pays to understand how to use these services as effectively as possible.
And though the market index long predates digital computing, computing power combined with huge, aggregated data sets have proved fertile ground to improve visibility. But despite its size, containerized freight’s poor visibility persisted. In fact, containerized freight is one of the most volatile industries in the world.
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 inventory trend that emerged from ShipBob’s data seems to be extending into 2023. The key takeaway?
Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains. As a researcher at Michigan State’s Broad College of Business, I will explain how I arrived at this figure, based on available data. Analysis of employment data.
A recent Freightos Group survey on long-term ocean container contract reliability found that at the start of the pandemic when ocean spot rates first surged, importers saw 34% of their contracted containers rolled by carriers prioritizing more lucrative spot shipments. But a far more acute problem shippers face today is rolled cargo.
The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.
Nearly 60 percent of those surveyed reported waiting for longer than two hours on each load. This is in line with data collected by a DAT solutions survey showing that 63 percent of drivers say they spend more than three hours waiting when loading and unloading. Freightwaves also collected data on driver wait times.
COVID-19 has sent shockwaves through the global supply chain and freight ecosystem, resulting in a highly volatile and uncertain landscape. While freight activity and product demand plummeted, e-commerce sales skyrocketed, putting new pressure on impacted suppliers, and experts called into question the agility of our supply chain.
However, their predictions are based, in part, on a survey of more than 250 global shippers and logistic service providers. The survey covered what technologies they are currently using as well as their planned investments. In transportation, digital freight procurement and asset tracking & data mining are in broad use.
Many freight brokers know the common phrase: April showers bring May flowers, what do May flowers bring? During times of high produce activity, the USDA surveys produce shippers in the areas they deem agricultural hubs. Rate data is available for Van (TSTOPVRPM), Reefer (TSTOPRRPM) and Flatbed (TSTOPFRPM) modes. .
Europe is a fragmented market, and maintaining visibility over a vast multimodal freight ecosystem throughout the continent is no mean feat. Some key findings: Most respondents (67%) cited end-to-end freight traceability as their biggest pain point when transporting goods. For the UK, it’s 71%. For Germany, it’s unanimous at 100%.
Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Actionable data is one of the most critical business drivers. Rebills happen when something changes about the shipment after the original freight quote was issued.
Trinity Logistics, a Top 20 3PL offering people-centric freight solutions®, today announced that it is Great Place to Work-Certified. People, Team, and Culture were three of the top mentioned topics in Trinity’s GPTW survey. “We Now Trinity has 310 Team Members in six Regional Service Centers across the country. “We
When asked about this for the 2021 MHI Annual Industry Report , 53% of the supply chain professionals surveyed said they are investing in robotics and automation technologies, while 54% are investing in cloud computing and storage. Do Gather Data From Your Tech Stack to Create Documents. just to relieve some of the workload.
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