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…
Although carriers can collaborate directly with shippers, they seldom do. Finding clients is time- and money-consuming and particularly challenging for startups. As for the shippers, they don’t want to be concerned with selecting a carrier that fits their financial and schedule requirements, confirming its dependability, and maintaining contact until the items arrive at the recipient….
The global freight forwarding market was about 186 billion USD in 2021 and is predicted to rise at a CAGR of 3.3% until 2028. Supply chain technology breakthroughs are driving this market growth, and one such helpful technology is freight forwarding software. Every freight forwarder is aware of the inevitable digitization of the freight forwarding…
According to the number of domestic TEUs and total tonnage they handled, we will examine the largest sea ports in the USA. This list of seaports in the U.S. ought to provide you with a clear picture of the facilities’ overall capability. The vast majority of global trade takes place above the waves of the…
In the wake of the pandemic’s second year, the world’s supply chain is yet to completely recover from its initial breakdown. Frequent reports of congested ports, misplaced shipping containers, skyrocketing freight charges, and other issues that are disruptive and difficult to resolve have become quite common. The ability to withstand supply chain and market interruptions…
Imagine the possibilities if you had a better way to manage your transportation and logistics. Imagine seeing how many shipments are out on an assignment and when they will arrive at their destination, probable delays, data insights for corrective measures and cost-saving opportunities for the future! With every detail of each shipment tightly controlled with…
A wrong transportation management system can really hurt your company. If you don’t evaluate if the platform generates expected results, then it could be a huge waste of money and time — and that would not make anyone happy! The right transportation management system can make all the difference. If you’re managing freight spend, customer…
As a business, you should carefully evaluate and select the optimal mode of shipment for your needs. This decision will help determine if there are any potential savings or extra revenue opportunities by exploring different carriers with TMS software that can analyze costs based on specific criteria such as distance traveled versus price paid per…
Supply chain professionals face a daunting decision when selecting the right transportation management system (TMS Software) for their organizations. With several entrants joining this space recently, it has become more difficult than ever to decide on an appropriate solution that is also cost-effective and suits your needs well enough before choosing one with these features…
FEATURED BLOG GoComet vs Project44: 5 difference you should know about the leading visibility platforms Discovering the right supply chain visibility platform doesn’t have to be complex. Here is a comprehensive comparison of the key features, pricing plans, and after-sale services offered by the top platforms in 2023. Compare Now
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…
Your logistics expenditures include a sizeable amount of your shipping demurrage charges. To examine and optimize them, you need a tool. Real-time cargo monitoring gives you the necessary information about the whereabouts of your shipments at any moment, helping you to streamline your cargo and save demurrage costs. We already discussed what are demurrage expenses….
Do you know the average detention charges can reach up to $50-$100 per container per day and accrue up to 20 times the container’s value? But what are these detention charges? When a ship is unloaded, free days are given to the consignee to unload the goods and return the container to the shipping company. If undertaking…
According to a recent study, 69% of companies do not have total supply chain visibility. Shippers face a daunting array of complicated difficulties or pain points when operating in today’s frequently volatile logistics and supply chain ecosystem. There are numerous potential sources of discomfort, but lack of visibility is the worst. So how can shippers…
[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.”
Transportation is a significant part of the entire supply chain, and every company strives to reduce its transportation costs to maximise the supply chain ROI. Transportation logistics costs are rising for several reasons today – top reasons including the geo-political tensions caused due to the Russia-Ukraine crisis and capacity shortage caused due to global port…
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…
As China sticks to its zero Covid policy, a two-stage lockdown in Shanghai has created further fears of supply chain disruption. The Shanghai lockdown is causing ripples in a setting where severe port congestions, blank sailings, and increased freight rates are ongoing challenges that are yet to be resolved. In light of disruptions created by earlier pandemic-related…
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…
