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Top 5 supply chain trends to watch out for in 2020

Top 5 supply chain trends to watch out for in 2020

Unexpected disruptions in supply chains around the world have led the industry to be more cautious, especially in the post lockdown phase that we are currently entering. Newer technologies and better approaches to existing solutions are required to gain a competitive edge in the market. One of the major ingredients of competent decision-making is a…

6 Things to Consider When Choosing a Freight Forwarders

6 Things to Consider When Choosing a Freight Forwarders

When it comes to organisations that ship goods internationally, dealing with freight forwarders is not a one-time transaction but a part of the business itself.  As a shipper, it’s crucial that you choose the right forwarder as they bridge the gap between you and your customer,   making the import and export process seamless.  But…

12 ways to reduce freight costs immediately

12 ways to reduce freight costs immediately

For organisations that ship goods internationally, shipping cost accounts for a significant expense and its dynamic nature makes it close to impossible to spot opportunities for driving cost savings. Especially for businesses that are inventory intensive, logistics cost plays a crucial role in determining profitability.  However, there are several practices you can deploy to beat…

The future of supply chains: What’s next?

The future of supply chains: What’s next?

Ongoing global disruption has pushed the supply chain industry into a phase of unparalleled transformation. Everything from the present pandemic, rapidly changing supply-demand dynamics, and technological advancements have accelerated radical change.  Supply chain resilience has become increasingly valued as organizations look to prepare themselves to face the unexpected. Today, we are looking at building supply…

Optimising Your Freight Negotiations

Optimising Your Freight Negotiations

Today’s dynamic logistics and supply chain environment requires strategic planning; execution of strategy; measurements to goals; analysis against industry benchmarks; and continuous improvement. However, negotiating quotes for your freight remains a static process. Freight procurement via an RFQ (Request For Quote) is plagued with inefficiencies when done manually. With logistics operations accounting for nearly 95%…

COVID-19 update: Why are freight rates soaring?

COVID-19 update: Why are freight rates soaring?

Spiraling freight rates have left businesses around the world scrambling to stay afloat during the coronavirus pandemic, piling yet more pressure on already stretched global supply chains.  At the core of this problem: shrinking cargo space.   Here’s what has led to a decrease in cargo capacity and how it is impacting freight rates. Airplanes grounded,…

Fight the impact of COVID-19 with GoComet’s supply chain software

Fight the impact of COVID-19 with GoComet’s supply chain software

As the world continues to battle the coronavirus pandemic, our reliance on supply chains has never been more starkly illustrated. From medicine to medical supplies, facemasks to foodstuff, manufacturers and their logistic teams are working round-the-clock to ensure that essential goods are being delivered.   Many though find themselves close to breaking point, as country lockdowns…

6 Practices Manufacturers Must Adopt To Fight Coronavirus

6 Practices Manufacturers Must Adopt To Fight Coronavirus

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. …

Automate & Digitise Your Freight Procurement Process

Automate & Digitise Your Freight Procurement Process

FACT #1: to automate and digitize takes time. There’s no denying it, so you might as well embrace it – and profit from it too! FACT #2: you need automation and digitization everywhere.  Whether it’s for: simplifying manual processes; reducing worker fatigue; increasing efficiency; leveraging data or improving metrics, it’s impossible to ignore the value…

DIFOT: How GoComet’s Tracking Solution Is Changing The Game

DIFOT: How GoComet’s Tracking Solution Is Changing The Game

Are you delivering in full and on time?  Is your supply chain department working efficiently? There’s a way to measure your supply chain efficiency and be sure about it. That’s with the DIFOT rate.  In this post, we will discuss DIFOT(Delivery in full, on time) why it matters and how you can improve. Let’s start…

How can you simplify shipment tracking and reduce the time this takes?

How can you simplify shipment tracking and reduce the time this takes?

Let me begin with a simple question… How much time and effort do you spend on tracking and tracing your shipments? To find the answer, let’s break this down. Let’s assume you have 500 shipments a month and you work with 7 to 15 shipping lines.   To know the current location of all your 500…

5 Reasons Why Companies Should Use Container Tracking Module

5 Reasons Why Companies Should Use Container Tracking Module

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…

Air Freight Vs. Sea Freight: 4 Factors that will help you choose the right freight service for International Shipping

Air Freight Vs. Sea Freight: 4 Factors that will help you choose the right freight service for International Shipping

There are a few things to take into consideration while choosing the best method to ship your goods. Choosing the right service between air freight vs sea freight will help you bring down costs and bring inefficiencies in your shipping process. Cost / Price As a business owner, before shipping goods, you need to check…