Global supply chain challenges are compounding due to China’s strict lockdowns, especially in Shanghai, which is the home to the world’s busiest container port and a key gateway for foreign trade. The port accounted for more than 10% of the country’s total trade last year. The problem is trucks, not ships Due to the strict…
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…
Shipping as an industry is interconnected like no other! As the Russian invasion of Ukraine extends into its fourth week, its effect on an already stressed shipping industry continues to hammer what is believed to be a long path of recovery. In the last two decades, there has not been a time where the magnitude of the…
Russia’s invasion of Ukraine has quickly developed into a humanitarian crisis. While disruptions in business cannot compare to human tragedy, the impact of the conflict is causing a domino effect in more aspects than one. The crisis is plaguing global trade by triggering an extensive supply chain disruption. In an increasingly globalised and interconnected supply…
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…
Polymers International improves customer service by automating shipment tracking Geography: Global | Module: GoTrack Automated Shipment Tracking “ With GoComet’s platform, we’re all accessing the same information flow to get live updates on our shipments. We no longer have to waste time relying on internal emails, meetings, shipping lines’ websites, etc., for updates on cargo…
As per a study conducted by Gartner, more than 50% of organizations have not yet actively started to build a roadmap for supply chain digital transformation. If you are in this category and are still contemplating how to choose a multi-modal logistics platform that works best for your company, let us give you a simple…
[Case study] Leading chemical distributor uses real-time visibility to mitigate port congestion Geography: Global | Module: GoTrack Automated Shipment Tracking “ The extent of the congestion crisis has reached unprecedented levels and is costing millions of dollars each day. While there seems no light at the end of the tunnel, live visibility over port delays…
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…
A lot of people can tell you how to keep your supply chain agile during the rest of the year, but what about Christmas? This time of year is often incredibly hectic for supply chains and shipping accordingly. The holiday season brings with it an increased number of shoppers, and retailers are constantly trying to…
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…
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…
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…
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…
After a wild year that 2020 was, the arrival of the covid-19 vaccine, at last, got along a great deal of relief for everyone. However, the already-stretched supply chains are now up for a more significant challenge- to execute an unprecedented worldwide distribution of the vaccine. What we are witnessing today is the post-pandemic phase…
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…
To keep your supply chain running smoothly, it’s essential to have visibility and control over your supply chain operations. By having access to real-time data on your operations, automating repetitive tasks, and gaining insights through big data analytics, you can build a flexible and robust supply chain network. It is here that a competent logistics…
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…
