In the intricate landscape of global logistics, having a firm grasp on your shipments’ whereabouts is a non-negotiable necessity. Whether you’re dispatching or receiving, real-time updates on your containers’ location are vital to orchestrating a flawless delivery process. To this end, China Ocean Shipping Company (COSCO) offers a state-of-the-art tracking system, ensuring you’re always in…
Supply chain disruptions are one of the costliest challenges faced by organizations worldwide. According to a survey conducted in 2021, supply chain outages are an economic burden that costs companies an estimated $184 million annually. Delays in receiving shipments on time due to lack of transportation visibility can cause a ripple effect throughout the entire…
Germany isn’t just a powerhouse of industry, it’s a shipping giant! Think towering cranes and bustling docks – that’s the scene at Germany’s top seaports, like Hamburg, Bremerhaven, and Wilhelmshaven. These European heavyweights handle a massive amount of cargo, from everyday goods to towering vehicles, acting as key hubs connecting Europe, Asia, and North America….
[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…
Whether you are a big company with thousands of shipments per month or run a small business with few shipments occasionally, efficient freight negotiation with shipping companies is crucial to your bottom line. If done right, it is the simplest way to drive cost savings every time you ship. Being in control of how much…
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…
In a world with an economy that’s increasingly becoming real-time, where transactions are driven by digital automation technology, speed, time and accuracy is all that matters. It is this ‘real-time’ nature of the economy that has led to the evolution of the transportation and logistics industry. Transportation today is no more restricted to being a…
With the current pandemic exposing the fragility of the global supply chains, it has become more imperative than ever to adopt a system that enables real-time container tracking. Investing in automated monitoring equipment for tracking exactly where your containers are has become as important as shipping those same containers. At the Digital Container Summit that…
As the ongoing pandemic continues to raise concerns about the agility of global supply chains, organisations across industries are looking for ways to identify and leverage new opportunities and weather the storm. In a webinar hosted by GoComet last week, vice-president procurement of Glenmark Pharmaceuticals Rajasekhara Reddy emphasised how technology and a strong team are…
Now straight off the bat, you’ll be thinking that the above looks a little strange. How on earth could the biggest cricketing tournament in the world helps reduce my freight charges? Well, as the teams are about to break for drinks, let’s read on, to find out how. First, let’s set the field. You’re a…
Manufacturers all over the world have been importing and exporting for ages. While international trade has existed throughout history, its economic, social, and political importance has been on the rise in recent centuries. This has brought along with it similar operational processes, issues and inefficiencies worldwide. In all the countries, the shipper needs to negotiate…
Chemical companies are big-time exporters of full container loads(FCLs), roughly ranging from 50 containers to as high as 350 containers per month managing 40-60 trade lanes in a month. An individual freight forwarder in today’s competitive world of shipping and rates can only be numero uno in 5, maybe 10 lanes. So such a company…
The pharmaceutical exports of India are growing steadily and the future looks even brighter. With fewer challenges and more opportunities for the Indian Pharmaceutical giants, the export sector is surely going to add to their business in a significant way. Trade experts feel that Indian companies need to keep up the innovation and aggression to…
Logistics runs on relationships. Carriers, warehouses, brokers, suppliers – they’re all part of your extended team whether you realize it or not. The difference between a profitable month and a stressful one often comes down to how well these relationships work. Most people think vendor management is just about contracts and pricing. It’s actually about…
Everyone’s talking about supply chain transformation these days, but what does it actually mean for your business? Simply put, it’s taking a hard look at how you currently move products and finding better ways to do it. Maybe your inventory system is outdated, or you’re still tracking shipments with spreadsheets, or your warehouse layout hasn’t…
The beauty of supply chain innovation is that breakthrough solutions often come from unexpected places. A technique that revolutionized automotive manufacturing might be exactly what your food distribution network needs. So, today, we’ll examine global supply chain examples of companies that outperform competitors through different approaches in these four sectors. Some focus on control, others…
Supply chains fail in predictable ways. Inventory sits in wrong locations, shipments vanish without updates, and costs climb while everyone scrambles to figure out what went wrong. But what if your warehouse automatically told your suppliers when to ship more stock? What if delayed trucks triggered backup routes before customers even noticed? What if cost…
Your drivers are stuck in traffic. Your biggest client just doubled their order. And somewhere between the warehouse running out of space and three different suppliers giving you three different delivery dates, you’re wondering if there’s a better way to run this thing. Every supply chain business owner deals with the same headaches. The good…
Paperwork mix-ups in logistics can be expensive. One common mistake is using the wrong type of invoice – especially when shipping internationally. Standard invoices work fine for domestic transactions, but cross-border shipments need commercial invoices with extra details that customs requires. Getting this wrong means delayed shipments, extra fees, and frustrated customers. The good news…
A supply chain control tower is a centralized digital platform designed to provide end-to-end visibility across your entire supply chain network. When implemented correctly, these systems promise improved efficiency, reduced costs, and better customer satisfaction through proactive management of shipments, inventory, and supplier relationships. However, the reality is that many supply chain control tower disasters…
