Businesses are always on the lookout for transportation solutions that offer cost savings, faster transit times, and improved sustainability. This is where options like intermodal transportation come in as a revolutionary game-changer, offering several advantages businesses simply can’t afford to overlook. According to the Intermodal Association of North America, 95% of manufactured goods are transported…
As the $12 Billion global supply chain industry continues to grow at an impressive rate of 12% per year, it’s surprising that standardization is still sorely lacking in many areas. For instance, despite being a truly international industry, there is very little uniformity when it comes to freight invoicing naming conventions. This variability is primarily…
As a business function, the supply chain has been lagging in adopting digital tools until the last 5-6 years. More importantly, it was primarily seen as a cost center rather than a value and business driver. A study conducted by McKinsey indicates that the supply chain, as a business function, has a digitization level of…
As the world continues to grapple with the pandemic, the increasing new COVID outbreaks in China could lead to further global supply chain disruptions, the reason why experts are talking more about supply chain issues 2023 and how to deal with these challenges. China is a crucial player in the global economy and a key…
The global supply chain trends are a result of the quickly developing logistics industry and keeping up with the current era’s rapid technological breakthroughs. Although it can be challenging for supply chain managers and business executives to keep up with these developments, doing so is essential to maintaining the resilience of your supply chain and…
In our series so far, we have covered “what are demurrage charges and how to avoid demurrage charges” besides talking about “new methods to reduce demurrage detention charges”. This article will discuss the number of free days available across all the major sea ports in USA that can be used to avoid paying hefty demurrage…
[Case study] How a 134-year-old global print company profitably revamped their tracking using real-time visibility Geography: Global Module: GoTrack Automated Shipment Tracking And the Kodak team says… “The GoComet solution is very user-friendly, easy to input shipment details, and visible to multiple operational areas in the company that are stakeholders in the supply chain.”
When you launch an e-commerce business or are a growing manufacturer trying to expand into international markets, the challenges are many. But the most daunting question every company has to answer is – How are we going to find a suitable ocean carrier for shipping the products? Selecting the right carrier can be a challenging…
Did you know that demurrage and detention charges can accrue up to 20 times the container’s value? With international shipping rates already soaring, any extra expenses incurred on top of the freight rate will take a bite of your margin. Today, the detention and demurrage charges easily exceed $100 per container per day. While D&D can be an…
As global supply chains continue to face unprecedented disruptions, meeting the ever-growing demand while optimizing lead times and reducing inventory costs remains challenging. As a result, companies are now willing to explore better alternatives to traditional logistics, which would provide improved economies of scale and a faster return on investment. However, what is a better…
Major strides were made by global representatives to accelerate the fight against greenhouse gas emissions, in the recent U.N. climate summit that was held in Glasgow. What significant impact could these pledges have on making the shipping industry sustainable? What is COP26 and why is it important? COP stands for “Conference of the parties” is…
The billion-dollar trucking industry is undeniably a vital part of America’s economy. Every good consumed by Americans, from clothes to food and everything in between, gets transported on trucks at some point- as such it accounts for 72% (or 11 billion tons) of all freight moved across the United States each year! Lately, the industry…
The recent Ningbo port congestion piled up more pressure on the already strained global supply chains and affected businesses adversely, especially in the US. This article looks at everything that led to the disruption and how shippers can mitigate the impact of such events in the future. The Ningbo Port in China’s Zhejiang Province was…
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…
It’s been a little over one month since the much anticipated Brexit went into full effect, and shippers across the UK and Europe have been experiencing an avalanche of delays and documentation. Businesses in the UK and organisations trading with the region are looking for ways to mitigate risks as the realities of Brexit have…
Did you know that optimizing your freight management could cut shipping costs by up to 30%? Yet, many companies miss out on these savings by focusing only on individual shipments rather than the entire supply chain. Freight optimization isn’t just about finding the fastest route—it’s about transforming every stage of the process, from sourcing materials…
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…
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…
The key goals of every supply chain professional are to optimize operational efficiency and reduce logistics costs. Mismanagement in logistics can often result in excessive expenditures, delivery delays, missed deadlines, and damaged goods. Needless to say, if you want your company to stay financially viable and drive profitability, you must prioritize efficient planning and strategize…
One of the best ways to ensure that your business keeps growing is to work towards improving your customer service. Be it shipping and logistics or some other industry; good customer service is critical to the growth of your business. When offering a logistics solution, both the parties involved must benefit from the deal. The…
