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As customers increasingly demand rapid and reliable delivery, optimizing this final leg of transportation becomes essential for businesses aiming to enhance customer satisfaction and operational efficiency. Key Benefits of Last-Mile Delivery Optimization: Reduction in operational costs and fuel consumption.
Spend Management Takeaways SAP continues to invest in using generative AI to improve the user experience. SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions.
How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover. Six Ways to Improve Inventory Turnover (with Inventory Optimization).
Study 2: Inspect Demand Trends . Using Demand Forecasting Navigator to Study Demand Trends. There is a strategic incentive in understanding the optimalsourcing location for specific customers, and the optimalsourcing location for different resources. Study 3: Identify OptimalSourcing Locations .
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The result is improved efficiency and profitability for both carriers and shippers – along with significant environmental benefits.” Those are the founding principles behind SONAR SCI Lane Acuity.
Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.
With the havoc 2020 caused, can shipping trends get any worse? And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles. Preparation becomes the name of the game in shipping trends, and being ahead becomes the new normal.
For shippers, the approach to transportation procurement is evolving. However, with the advent of specialized software solutions like Keelvar, Emerge and Jaggaer, there’s a noticeable shift in how transportation procurement is managed.
Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”
Optimization through last-mile delivery solutions significantly improves delivery success rates while boosting profits for shippers and retailers. There are many reasons why retailers should invest in improving logistics and platforms. Retail delivery solutions continue to change to keep up with market trends.
More Resources Home March 12, 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.
It converged with a trend of both airlines and ocean liners investing far more heavily in their fleets over the past fewyears. Despite this, there’s a wave of optimism for 2024 sweeping across importers and exporters. About 46% of importers expect demand to stabilize, and 41% even anticipate an improvement.
Digital freight matching is growing more valuable as a way to source meaningful capacity Companies and freight managers that have embraced digital technology and automation remain more likely to thrive. And it has opened new channels for capacity procurement. Request a SONAR Demo. It’s that simple.
According to the American Trucking Association, the industry faced a shortage of over 80,000 drivers in 2021, projected to grow to 160,000 by 2030 if current trends continue. By optimizing routes, companies can ensure that drivers spend less time on the road and more time fulfilling orders, therefore increasing productivity.
More Resources Home November 15, 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 this rapidly evolving landscape, staying up-to-date with digital marketing trends is crucial for businesses to stay competitive and effectively engage with their target audience in the ever-expanding digital space. A significant aspect is optimizing website content with specific keywords.
Trends likely to drive Singles’ Day sales. Supply chain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game. Everything from raw material sourcing, to production to the impact of logistics and supply chain of the said product on the environment.
More Resources Home December 13, 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.
More Resources Home November 7, 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.
Seeing that trend indicates increased manufacturing or distribution activity, typical for the flurry of activity that accompanies spring. With mini-bids, carriers have an opportunity to focus more time and resources on specific lanes, improving the balance of their freight networks. Think about it.
Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. Request a SONAR Demo. Request a SONAR SCI Demo.
More Resources Home January 16, 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.
Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”
Study 2: Inspect Demand Trends . Using Demand Forecasting Navigator to Study Demand Trends. There is a strategic incentive in understanding the optimalsourcing location for specific customers, and the optimalsourcing location for different resources. Study 3: Identify OptimalSourcing Locations .
More Resources Home December 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.
MHS, a single-source provider of material handling automation and software solutions, announces a new multi-part online experience scheduled to run October through November. Thursday, October 29 – Livestreaming from MHS Demo Areas : Keep your material handling growing. Tuesday, October 20 – Get the most out of your last mile depot.
And it’s important to understand how improvements in drayage planning , considering TEU activity as shown in the Top Imports by Consignee app within the Ocean Shipments Report in FreightWaves SONAR, amount to proactive supply chain management. They further depend on multimodal transport and optimized routes to transfer goods.
More Resources Home November 28, 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 addition, the national tender rejection indices continue to reveal the same trend. However, it’s possible to optimize the overall freight load headhaul route to open the doors to a backhaul opportunity somewhere. Request a SONAR Demo. Again, a lack of backhaul availability also plays into rejection risks.
However, as regulations begin to get lifted and things are trending back to normalcy, the industry is starting to regain that lost ground. Checking incoming freight from the source is vital. Obtaining the correct freight data is crucial when it comes to optimizing the efficiency of your business. Request a SONAR Demo.
More Resources Home December 19, 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.
When the freight market meets expectations and is less volatile, it is easy for shippers and carriers to not look at inefficient processes or their transportation procurement strategy. Any strategy for improved freight management, execution, or load allocation must rely on real-time freight data. Request a SONAR Demo.
This is where supply chain digitalization projects can help to automate simple processes, improve efficiency and save money. Finding optimal healthy stock levels isn’t easy. With accurate demand forecasting information, inventory managers can set optimal stock levels to meet demand while keeping costs to a minimum.
More Resources Home January 10, 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.
And as reported by Supply Chain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.” Request a SONAR Demo. Request a SONAR SCI Demo.
But those problems fly under the radar without strong benchmarking tools to measure and improve in-house performance. The insights provided by transportation analytics and continuous improvement are only as valuable as the actions they precipitate. Request a SONAR Demo. There will always be issues that arise.
More Resources Home February 13, 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. Ocean rates from Asia to N. Prices to N.
Inventory management information usually comes from a variety of data sources and is either structured or unstructured. Big data is used to understand trends and patterns in behavior. Big data can help improve demand forecasting accuracy , allowing you to determine when, what, and how much inventory to stock to meet customer demand.
Shipment volume, capacity procurement and weight limits. Why technology improves routine guide compliance. Technology improves compliance in several critical ways. The right routing guide should further provide a way to apply predictive freight rates and boost procurement throughout the supply chain as necessary.
On the episode you’ll hear: What is Hannah’s advice for retailers who want to reinvent themselves and perhaps what should they consider to stay optimized in shipping? What trends are you seeing for retailers in the use of technology to help optimize their supply chain and transportation networks?
More Resources Home February 7, 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.
As the world continues to embrace the convenience of doorstep deliveries, the food industry has caught up with the trend—projecting a market volume of $1.65 Traffic and Route Optimization: Navigating through heavy traffic in congested urban areas can cause delays in the last mile. trillion by 2027.
Better decision-making by ensuring data is accurate, complete, consistent and usable, which is critical to optimizing shipping and logistics operations. Reduces operational costs by defining and automating data collection and management processes, and developing analytic tools to provide insights into trends and inefficiencies.
USA ticker show a trend toward significant increases going forward. Fortunately, that’s where and why many organizations are turning to less-than-truckload , also known as LTL, to source more capacity without the big-time commitments required for full truckload rates. Request a SONAR Demo. And it’s important to know why.
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