As volatility continues into 2021, logistics teams are juggling multiple systems to keep their supply chains running. Amid container shortage, capacity constraints and delays, strategies focused solely on cost savings have taken a back seat in the post-pandemic world, and efforts are being directed towards building more agile and resilient supply chains. It is here…
Spiralling freight rates have left businesses worldwide scrambling to stay afloat and weather yet another year full of unknowns. Even now, as we have entered 2021, soaring prices are increasingly piling more pressure on the already stretched global supply chains. To better equip ourselves for future disruptions and safeguard against the present market volatility, we…
The recent shipping container shortage that’s left everything from soybeans to smartphones idling in ports threw global trade into chaos. While shippers were scrambling to keep their goods moving, the import/export imbalance pushed ocean rates to eye-watering levels. So, where have all the containers gone? Many remain stranded in inland depots, and hundreds more are…
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…
If there’s one thing that you certainly can’t overlook when your organisation embarks on a journey to strengthen supply chain management, then it’s supply chain visibility. Comprehensive shipment visibility and the resultant operational efficiency benefits everyone in the supply chain. Today, organisations across industries are rapidly turning towards cloud-based online container tracking solutions owing to…
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…
When shipping is an integral part of your organization, managing and processing invoices and making timely payments becomes a critical task. It is crucial that you have a system in place that ensures visibility over freight invoice processing and payments. When done right, it will become an opportunity to save costs and ensure process efficiencies. …
As more and more organisations are exploring ways to leverage advanced technology, the supply chain industry is increasingly becoming AI-driven. While artificial intelligence-based solutions have infinite uses, so are the concerns surrounding this technology. Today, enterprises can use these solutions to gain predictive capabilities and optimise their business. In this article, we discuss various aspects…
The global logistics and container shipping industry are mammoth, and keeping them in a smooth motion and overcoming obstacles is quite a challenge. While most of the world’s cargo continues to get shipped in containers, container shipments face their own set of problems too. As a shipper, one of the best ways you can minimise…
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…
Getting competitive prices each time you ship your freight is critical to your bottom line. While traditionally you might be relying on your internal freight rate history to determine the best lanes and rates for your freight shipments, today there’s a better way. It is here that freight benchmarking or freight rate index tools step…
Freight audits and payments may not be the first thing that comes to your mind when you think of ways to reduce freight costs. The cost of manually reconciling freight invoices is one expense that remains hidden and silently affects your bottom line. Industry studies estimate that manual invoice processing costs around $5 to $12…
In supply chain management, a combination of an efficient workforce, automation of particular workflows, and perfect coordination between various functions is critical to a smooth functioning supply chain. Above all, there is always room for improvement and boosting business. Each time your business witnesses growth, the key is to proactively look for ways to improve…
Shipping analytics software in logistics is of huge importance. The logistics and supply chain industry are among the most dynamic and complex industries involving several bottlenecks, movement of assets, reliance on third parties, etc. Above all, the industry is prone to disruptions and more particularly unforeseen events, making a solid case for why companies are…
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…
Investing in an intelligent freight management software is one of the best ways for shippers to streamline their supply chain operations, reduce freight costs and drive profitability. While adopting a freight logistics software may not have seemed like a necessity when these solutions were new in the market, today, these systems have become a key…
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…
As a majority of the world’s goods continue to move by sea even today, the role played by shipping lines in global trade cannot be overlooked. Shipping containers move 95% of the worldwide cargo. It is these companies that have kept the international supply chains running for the longest time and have stood the test of…
For decades together, the logistics industry has invited criticism for not being environment friendly and for the lack of willingness to adopt green logistics solutions. However, the last few years have witnessed a wave of startups coming up with innovative, green solutions that are certainly going to pave the way for a more sustainable, eco-friendly…
The startup ecosystem has set in motion several exciting trends in the supply chain and procurement space in the last few years. All thanks to the innovative solutions these companies are offering, business models in the industry are undergoing a smart transformation. A wide range of new themes are increasingly emerging in the market today,…
