The larger, more complex and interdependent an industry grows, greater the scope for errors to occur. Certainly, the rapidly growing and highly intricate supply chain industry is no exception. When it comes to supply chains, be it a small error (like slight delays in tracking your shipments) or a missed opportunity (getting better freight quotes…
The lack of data in your freight management process is disrupting your supply chain and leaving your logistics team in the dark. Read this blog to find out the benefits of integrating data and freight analytics into your freight process.
Ever since the novel coronavirus reared its ugly head, the global manufacturing industry has been at the receiving end of the menace. With partial and complete lockdowns gripping over half the world, most of the companies have resorted to the work from home option, a comfort particularly unavailable to the logistics department of manufacturing-based industries. …
As organisations across the world struggle to track their shipments due to the chaos being wrought by the coronavirus pandemic, GoComet would like to help by freely sharing our live global freight visibility or port congestion data. In the wake of current events, companies are dealing with countless questions such as how are their shipping…
Two manufacturing companies ‘A’ and ‘B’ sell the same product. Both companies have good profit margins, employees are happy and the management is satisfied. Despite being in the same product, none of them pose a threat to each other as they have independent customers and more or less fixed revenues. Now that’s not the entire…
GoComet’s innovative freight shipment tracking solution has received an honorable mention in Gartner’s Research Report for Supply Chain Operational Visibility Vendor Guide 2019. The research report provides supply chain professionals with an in-depth analysis of the world’s leading operational visibility solutions Gartner defines the real-time transportation visibility platform (RTTVP) market as follows “Real-time transportation visibility…
Did you know? 8 is the luckiest number in Chinese culture because of 八 sounds like 發 (fa), which means “wealth”, “fortune”, and “prosper” in Chinese. Even in Japan 8 is considered a lucky number because it is nearly homophonous to the word “Prosperity” (繁栄 han’ei), It is also homophonous to Hachikō. Now you might…
Do you outsource your shipment tracking process to third party logistics services? We have observed that numerous organizations outsource their third-party logistics needs to get to the adaptability and scalability that an outside vendor can offer. If their shipping needs increase rather than employing additional staff or extending distribution center space, they hire 3PL merchants…
You did it — you finally dispatched your shipment! It’s smooth sailing from here, right? WRONG. On average, one intercontinental shipment includes hundreds of interactions and more than 20 players involved– freight-forwarders, port handlers, marine insurers, inland transportation and so forth. In this context, shippers frequently whinge about the difficulty in getting actual-time visibility of…
We all know this simple fact. No customer satisfaction means no retention. No retention means shrinking customer database & straight drop of profit. By 2020 customer experience will be the main differentiator factor predicted by Walker Consulting. Not the price nor the product itself. It will first and foremost be about the experience – and…
Now straight off the bat, you’ll be thinking that the above looks a little strange. How on earth could the biggest cricketing tournament in the world helps reduce my freight charges? Well, as the teams are about to break for drinks, let’s read on, to find out how. First, let’s set the field. You’re a…
In the pharmaceutical industry, a large percentage of the business is export-oriented. Since the goods are sensitive, i.e. perishable, they require a specific temperature for storing. Due to the nature of the cargo, most of the exports are done via Air cargo only. The freights today are very dynamic and every air shipment is unique…
This is your Auditor speaking, happy Friday to you. “Of the total 3600 shipments sent last year, please explain why in 2796 cases, export vendors with lowest quotes were ignored to give export orders to vendors who quoted higher prices. Please explain what kind of negotiations were done with the vendors for these 2796 shipment orders and…
Chemical companies are big-time exporters of full container loads(FCLs), roughly ranging from 50 containers to as high as 350 containers per month managing 40-60 trade lanes in a month. An individual freight forwarder in today’s competitive world of shipping and rates can only be numero uno in 5, maybe 10 lanes. So such a company…
If you are in the manufacturing business and want to export your goods to other countries, this freight service article is for you. We will discuss the three modes of freight services used for shipping abroad and also throw some light on choosing the best mode of shipment based on your type of business or…
The pharmaceutical exports of India are growing steadily and the future looks even brighter. With fewer challenges and more opportunities for the Indian Pharmaceutical giants, the export sector is surely going to add to their business in a significant way. Trade experts feel that Indian companies need to keep up the innovation and aggression to…
Chinese New Year 2026 will begin on February 17 and celebrations in China are expected to continue until March 3. Production in China usually slows two to three weeks before the holiday and takes time to return to normal levels. This makes January, February, and early March critical for supply chain planning. Why this period…
Most S&OP processes feel like expensive monthly meetings that produce pretty slides but don’t actually improve business results. Finance teams still get surprised by inventory writedowns. Sales keeps promising delivery dates that operations can’t meet. Manufacturing builds products nobody wants while customers wait for items that are out of stock. The problem isn’t that companies…
Most companies either track nothing meaningful, measure everything that moves, or focus on vanity metrics that make meetings look productive without driving real decisions. Lack of appropriate data is often one of the reasons for the S&OP process failing, with “Am I using the right KPIs?” being one of the most common questions. The solution…
Most businesses still operate like casinos – they place big bets on what they think will happen months from now, then cross their fingers and hope they’re right. When they win, they look smart. When they lose, they blame “unpredictable market conditions” while sitting on warehouses full of stuff nobody wants. A demand driven supply…
