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Andrew Semisch and Joe Lynch discuss smart freight sourcing, which starts with an RFP tool purpose built for freight sourcing. Key Takeaways: Smart Freight Sourcing. In the podcast interview, Andrew and Joe discuss smart freight sourcing – which starts with an RFP tool purpose built for freight sourcing.
During his tenure in the industry, he built innovative pricing and forecasting models, leveraging internal and external data sources to improve internal decision-making and increase profitability. Prior to joining DAT, Adamo led the pricing and decision science teams at FedEx.
John is CEO of FreightPath, an innovative talent firm that offers both a comprehensive learning management system and a direct candidate sourcing solution. FreightPath addresses multiple industry challenges by offering both a comprehensive learning management system and a direct candidate sourcing solution.
Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. When developing a sourcing strategy, the focus can be effectiveness (gaining desired results) or on efficiency (reducing cost, labor, and resources used). About Ron Crabtree. Ron Crabtree.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
Now, as a variety of disruptive events cause supply chain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.
Vizion changes the game by providing multiple data sources that are already connected, offering instant-on capabilities. Their API normalizes data from various sources, including EDI, AIS, port-terminal events, and direct connections to Class I railways.
Mike is the Head of Intermodal Solutions at SONAR, the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. Mike Baudendistel and Joe Lynch discuss the CPG supply chain.
At a recent industry conference, a shipper asked me many questions about transportation procurement, such as, “How do you best determine how long and how often to have transportation sourcingevents?” Read more Why Benchmarking is the First Step to a Successful Freight Procurement Event. The good news.
Share carrier scorecards, send performance alerts, initiate pricing renegotiations, and even run procurement events like full network RFPs and seasonal mini-bids. Streamline your workflow from decision to execution, only with GoodShip.
The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,
Global supply chains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. China trade disputes, and natural disasters.
FreightWaves’ SaaS product, SONAR, is the leading freight market analytics tool and dashboard, aggregating billions of data points from hundreds of sources to provide the fastest data in the transportation and logistics sector. FreightWaves Events. Mary on Twitter. FreightWaves on LinkedIn. FreightWaves . Check Call. Running on Ice.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities. Public Sector : Government agencies are engaged with supply chains from multiple perspectives.
He is a regular speaker at industry events and has been featured in numerous publications, including FreightWaves, Transport Topics, and Logistics Management. He previously founded CarrierLists, a carrier sourcing platform that was acquired by Highway in 2022. Kevin is also a successful entrepreneur.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities. Public Sector : Government agencies are engaged with supply chains from multiple perspectives.
The New York Supply Chain Meetup is its founding chapter, attracting hundreds of attendees from around the globe to its monthly events. She is also co-founder of The World Supply Chain Federation , an organization that is changing how supply chain professionals learn about, collaborate, and adopt supply chain innovation around the world.
Importers are already front-loading as it will cost them much more in the event tariffs are being implemented. Regardless of the sourcing shift from China to elsewhere, there is not a single country that comes to close to this number to meet sourcing demand. imports from China is on the horizon. million TEUs to 8.89
The resilience of your supply chain is determined by its structure and operations, whether we’re dealing with major immediate events like a pandemic or gradual systemic changes to your business environment over time. Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards.
The magazine serves as an excellent source of buyers in various areas of the food and beverage industry. Food Logistics also caters to professionals in the logistics sector, including transportation, warehousing, distribution, software, and technology.
They can ingest large volumes of functional data and leverage advanced intelligence to recognize broad trends and specific disruptive events. That is why supply chain and logistics teams need to see technology adoption not as a one-time event but as an ongoing journey. billion to $23.07
Emerge’s RFP technology platform is part of the new generation of freight technologies and Brad points out that shippers can use the system for free – and creating an RFP event takes hours, not weeks or months. Emerge is custom built for freight RFP events and as a result the process is streamlined, easy, and saves shippers time and money.
The COVID-19 pandemic and ongoing geopolitical shifts demonstrated the risks of relying on single-source suppliers and minimal inventory buffers. Consumer demand for ethical sourcing is also influencing corporate procurement strategies. Resilience is now taking precedence.
Nearly half of respondents (47%) believe the primary benefit to having a more diversified supply chain is reducing the risk of disruption from various events such as natural disasters.
Each presentation was exceptional, and the event viewed ESG from a holistic but pragmatic perspective. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
How do you best determine how long and how often to have transportation sourcingevents? Read more [Video] Why Benchmarking is the First Step to a Successful Freight Procurement Event. Read more [Video] Why Benchmarking is the First Step to a Successful Freight Procurement Event.
A major general merchandise retailer we work with has delayed all non-perishable inbound freight into Tampa for a week,” Byrne told Sourcing Journal. You have a hurricane in Florida, and freight rates in Seattle are affected three or four days later,” Williford told Sourcing Journal. It stayed, and it’s helping.
Companies use risk management software , like the Interos solution, to monitor and analyze supplier risk events in real time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when an adverse event has occurred or may be about to occur.
Supply chain management The international sourcing of automotive components is now a common practice but it can still present challenges. To avoid this, distributors need an ERP that gives them visibility across the supply chain by tracking materials from source through to final destination.
Companies must harness a wide variety of data structures and formats, spanning internal and external sources. of events and respond accordingly. Clarity of Impact: Context helps planners understand the significance of an event. While the abundance of data is seen as an asset, the real question is: What do you do with it?
This enables companies to adjust sourcing, production, and logistics well in advance of potential disruptions. AI integrates external data sources such as weather forecasts, geopolitical events, and social media trends to refine demand projections.
A narrow definition of MES is that it serves as a work orderdriven, work-in-progress tracking system that captures information from the production floor and manages and monitors production events and reporting. Source: LNS Research. It tracks operations from order release, to manufacturing, to finished goods.
Courney is a Strategic Event Executive and the Chief Corporate Development Officer and President of Manifest at Connectiv, a live event studio based in NYC. Connectiv produces world-class industry leading events that focus on disruptive technology. We are a private live event studio. Anyway, it was a great event.
Factory fires were the most frequent event type in the first half of 2018. In the first half of 2018, Resilinc notified a record 1,069 events within a six month period, the highest since Resilinc began monitoring in 2010. Of those events, more than 300 of them directly impacted the continuity of supply.
Due to this awareness, freight sourcing is receiving increased interest from shippers. But freight sourcing has limitations as it has been done for the past four decades. But freight sourcing has limitations as it has been done for the past four decades. Ease of use is also essential.
Prior to working at Fulfyld, Paige held various roles in events, marketing, and sales in Chicago, Illinois. Carey School of Business at Arizona State University, earning dual degrees in Marketing and Management with a certificate in International Business.
Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.
The occurrence of any of these events disrupts the global supply chain and can deeply impact profitability. One event could create so much churn, Mr. Al Syed explained. trillion records from 47 data sources in the Cognite platform. A knowledge graph creates relationships across previously siloed data sources.
Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. If nothing else, the last few years highlighted the importance of sourcing strategically. Upcoming Recession? Price Volatility.
The products are marketed under the Amul brand name, utilizing the recognizable Amul Girl to deliver witty commentary on contemporary events. This venture’s success will be closely watched, not only for its implications for Amul but also as a source of inspiration for other Indian brands aspiring to foray into the international arena.
Edge Hardware: The battle for edge hardware also intensified in 2024, as companies sought to deploy AI capabilities closer to the source of data. OpenAI’s “12 Days of OpenAI” event showcased its continued efforts to enhance its competitive position in the AI market. billion in funding.
Sphera said its tool gives businesses information regarding lead times for sourcing raw materials, risk events and real-time data on potential supply chain disruptions.
Today we recognize that the supply chain is a source of strategic advantage. Natural disasters, weather events, business cycles and more recent challenges, such as the threatened tariffs on Mexican goods, the ongoing trade war with China, and the outbreak of the coronavirus, […].
As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries. Wanted to share these thoughts here. AI plays a significant role in harnessing the power of this.
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