The Russian invasion of Ukraine has set a worldwide ripple effect in motion. Fluctuating currencies, swinging stocks, soaring energy prices – the ordeal seems long. The global supply chain crisis against which industries have been fighting hard for the last couple of years is now plagued with a fresh set of challenges. The Russia Ukraine…
2021 has been a year of relentless uncertainty across industries. However, it has also been a year of infinite opportunities. For us at GoComet, the year marked several noteworthy milestones—thanks to the continued support of our customers, partners and team. As 2021 comes to a close, and we gear up to welcome 2022, we would…
[Case study] Global pharma company enables error-free freight invoice processing Geography: Global | Module: GoInvoice Automated Invoice Reconciliation Transforming the Life Sciences Supply Chain with Automation Download our best practices guide and learn how life sciences companies can leverage automation to build supply chain resilience.
Learn how Amazon’s innovative supply chain strategies help it excel in fulfilling customer orders.The e-commerce giant has been able to handle supply chain crunches better than most retailers. It has done this by having a very strong inventory management system that tracks the inventory of every item in its warehouses across the country. The company…
[Case study] Leading Pharmaceutical Company Streamlines Logistics Operations Geography: Global | Module: GoShipment Multi-stakeholder & Task Management “ With the growing complexity and inter-dependability of global supply chains, all involved stakeholders must be committed to a frictionless collaboration. This requires end-to-end visibility across every step. Achieving these goals will not happen overnight, but we should…
[Case study] Mega WeCare Drives Cost Savings by Automating RFQ Management “ AI-driven platforms have transformed the way global supply chains operate, enabling process efficiencies, transparency and cost-effectiveness. Transforming the Life Sciences Supply Chain with Automation Download our best practices guide and learn how life sciences companies can leverage automation to build supply chain resilience.
Most of the significant events that end up disrupting global supply chains happen without a note of warning and carry the potential to disrupt the best of plans. Although organisations put their best foot forward when planning their supply chain operations, with a wide range of stakeholders involved in the network, overcoming breakdowns remains a…
The rolling out of the Covid-19 vaccine certainly is a glimmer of hope in the fight against the pandemic, but the world is far from celebrations. The next big hurdle facing the world is distributing the vaccine, which relies on a complex supply chain of freezers and temperature-controlled shipping methods called the ‘cold chain.’ Let’s…
A year ago, none of us could have predicted that 2020 and 2021 would push global trade into utter chaos. But what’s even more astonishing is the spirit of resilience shown by supply chains worldwide all through the pandemic. Despite facing the full force of covid-19, the industry refused to get bogged down by the…
The Every Given is sailing again. After being stuck for about six days, the mammoth ship held up about $9 billion in global trade a day and further burdened the already strained supply chains. Owing to the dredgers, tugboats, and rushing king tides, to everyone’s relief, the 20,124-TEU finally refloated after approximately 30,000 cubic meters…
In the past several decades, global trade has been a force for good. It has driven economic growth, helped millions earn a livelihood and kept the world connected through thick and thin. But all of this has also come at the cost of the environment. The International Transport Forum estimates that about 7% of global…
With a faint light in sight at the end of the COVID tunnel, pent-up demand has emerged as a major concern for businesses across industries. Every few weeks, there seems to be a speed bump here or an upswing there for the global supply chains, making it impossible to forecast what’s next. Why the fuss…
Introduction to Cargo Insurance For sea shipments, if the carrier was to sink or your goods were to get damaged, carrier liability is not enough to cover the losses. And for land freight, if your vehicle is to get in an accident, you would lose your goods and the vehicle. These are just two instances…
The covid-19 pandemic’s onset brought global supply chains’ fragilities into sharp focus and magnified the need for organisations to build resilience and agility into their systems. While the world might be gradually recovering from the Covid backset and bouncing back to normalcy, the truth is that there may not be a ‘stable state’ for global…
2020 has come to an end, but the gaps and risks it exposed and the urgency for supply chain resilience it created will continue to drive companies in 2021 and beyond. The pandemic rattled supply chains worldwide while simultaneously emphasising its importance and gave birth to new goals for the years ahead. Today companies across…
As a shipper, one of the best ways to minimise risks and unpleasant surprises when shipping your goods is to keep a close track of your shipment’s movement. Undoubtedly, the key to running a smooth supply chain is to have real-time and end-to-end visibility over the location of your cargo. Earlier, logistics managers had to…
For companies with an import-export-oriented business, reducing transportation costs has always been a critical priority. While traditionally cutting down on transportation costs was quite a challenge, various technological advancements have made it possible to manage transportation costs better and drive savings. Today, there is a wide range of ways in which you can optimize transportation…
When it comes to supply chain networks, the bigger the business, the more complex its supply chain management tends to get. Moreover, ever-increasing competition in the market and rising customer expectations have further added to this complexity. While the market may have left organisations with Herculean challenges to overcome, a crucial relief is the emergence…
In the modern-day transportation and logistics industry, nothing matters more than driving cost savings and optimising the time spent on each shipment. As customers increasingly demand faster deliveries at reduced rates, you as a shipper must adopt tools that make it possible for you to do well, while keeping your customers happy. Using a Transportation…
Today, freight procurement is more than just about the price. It is one of the most crucial parts of the supply chain and has the potential to enable high-performance levels and drive ROI to a major extent. The ongoing year has been a year of disruption and transformation for the freight procurement industry owing to…
