Shaping Up Last Mile Delivery To Surpass Customer Expectations
Aug 11, 2021, 11:53 AM EDT
Finish strong. A frequently-used motto in the health and fitness industry. For NordicTrack, the motto is not only heard when customers are coming to the end of a virtual exercise class, it’s also on display daily through the last mile delivery of its fitness equipment to homes across the country.
US Cross-Border Trade Surge: Shippers explore advantage of growing opportunities
Aug 11, 2021, 10:12 AM EDT
Cross-border trade is set to skyrocket as nearshoring becomes more common for manufacturers post-pandemic. Smart and responsive cross-border order management and supply chain strategies are needed to navigate the process.
React to market disruptions effortlessly with agile logistics procurement
Jul 28, 2021, 4:55 PM EDT
Why are agile freight procurement teams so successful? A study by McKinsey found that they were more resilient to market disruptions, even though their supply chains were leaner than non-agile teams.
This brand new whitepaper has everything you need to know about agile freight procurement and how you can roll it out at your business.
Winning is Knowing: A Strategy For Transportation Procurement
Jul 9, 2021, 10:44 AM EDT
The highest level of service at the best possible rate. That’s the goal as you’re procuring transportation. How do you know you’re hitting that goal? You can use internal analytics, conduct bids, or reference external benchmarks. Our preferred approach is a hybrid of all three: combining analysis of your own service requirements and carrier performance metrics with benchmarks on rates, capacity, and volume to compare your freight network to the broader market.
Request your copy of “Winning is Knowing” to see how leading-edge business intelligence tools can help you see a complete view of the freight markets, adequately plan and budget for your procurement cycles, and serve your business objectives.
The 5 best strategies to overcome the challenges of container shipping management
Jul 7, 2021, 9:25 AM EDT
The 5 best strategies to overcome the challenges of container shipping management: A Complete Guide
Import and export are extremely complex environments to manage for any industry. It requires detailed planning and critical execution, involving multiple partners, in different time zones, with various expertises. These challenges often result in a supply chain that is fractured. Cluttered information, poor decision-making, and miscommunication are some of the many obstacles that stand in the way of a smooth, free-flowing supply chain. Surprisingly, these barriers are unnecessary and are easily avoided, with the right tools and strategy that is.
Continue reading to discover the 5 best strategies in the industry on how to overcome these barriers and get your logistics running like a well-oiled machine.
HOW VISIBILITY & DIGITILIZATION ADDRESS KEY BUSINESS TRENDS
Nov 6, 2020, 9:21 AM EST
When it comes to shipping high-value loads, security is the priority, so ensuring products arrive on time and safely - and that they are protected from pilferage and theft - is key. The whitepaper breaks down how you stay ahead of business trends such as:
· Increased Global Security Requirements
· Digital Transformation
· Increasingly Complex Supply Chains
Download this whitepaper to learn how an end-to-end supply chain integrity solution can result in real ROI for your business.
Supply chain modeling provides 55% cost avoidance for U.S. distributor during COVID-19 shutdown
Jun 23, 2020, 4:39 PM EDT
From governmental regulations, port strikes, extreme weather events and more, network optimization models can provide the decision support needed to ensure agility (and possibly cost avoidance) when you need it most. Optimization models serve both strategic and tactical purposes for business planning situations across various supply chains. To strengthen your supply chain’s resistance to unforeseen events and better prepare for unplanned opportunities, consider building and maintaining a model to help your business manage through disruptive events that happen all too often. To read more please click here
What’s the ROI of an Ocean Freight Tracking System?
Jun 22, 2020, 3:45 PM EDT
The white paper demonstrates how the strategic use of an Ocean Freight Tracking System (OFTS) can drive tangible business benefits. In doing so, we will show how buyers, whether Forwarders or BCOs, can determine how they should measure the return on investment of deploying an OFTS.
Specifically, five key areas will be covered:
- Free time optimization to reduce demurrage and detention charges
- Carrier rate negotiation
- Inventory management
- Supply chain and shipping network optimization
- The use of employee time to focus efforts on more value-added activities
How to Save Shipments & Money with IoT In-Transit Visibility
Jun 12, 2020, 12:05 PM EDT
This is a time of unprecedented supply chain disruption. Knowing where your shipments are – and when they will get to their destination – is more critical than ever. When your shipments get lost or delayed, it can cost you not only money but also precious time to replace your missing goods. Plus, there can be knock-on issues like idled labor and delayed delivery to your customers. Now, in-transit visibility is a necessity, not a nice-to-have.
With in-transit shipment visibility, you can better respond to supply chain disruptions, reducing and managing risks. Internet of Things (IoT) sensors work with visibility solutions to give your supply chain managers the precise location and condition of shipments, so they can quickly respond to minimize the disruptive impact of shipment delays and issues.
Steps to create a transparent, fair, and sustainable shipping market
May 18, 2020, 5:10 PM EDT
Understand how marketplace structures can improve freight utilization rates and promote supply chain sustainability
Technologies such as artificial intelligence, machine learning, internet-of-things sensing and blockchain are transforming supply chains, automating processes and making companies more responsive to market demand signals. Yet, capacity utilization and lack of transparency is still a major challenge, which comes at a cost to consumers and the environment. How can capital markets controls, technology capabilities and models help to alleviate these pains?
Through innovative application of proven capital markets structures, shipping and logistics organizations can transform their operations leveraging:
Implementation of proven matching models fit for complex markets
Creation of electronic order books
Application of blockchain and smart contracts
Data provenance solutions
To learn more about how these structures, and technologies that enables them, can help to improve price discovery, transparency, optimize capacity utilization rates, reduce complexity and achieve better sustainability, download our whitepaper here.
Why is Nasdaq Technology in Shipping & Logistics?
Nasdaq’s mission-critical technology is road-tested in some of the world’s most demanding markets. Through its B2B commercial arm, Nasdaq is bringing proven capabilities in speed, resiliency and complex data management beyond capital markets to enable new business models, create growth opportunities and fuel innovation. Visit our website to learn more or contact us.
Selecting The Right Transportation Provider For Your Import Supply Chain
May 1, 2020, 11:15 AM EDT
How quickly does my product need to get from the port to its final destination? How far is the final destination from port? What mode of transportation do I actually need to balance time and expense? Are there providers who can ‘do it all’ so that I don’t have to worry?
Supply chains are layered with complexity; there are many factors to consider when selecting a shipping provider that can undoubtedly have an impact on the success of your business. So, let’s dig in.
There are the basics of due diligence when selecting a provider for any need. In transportation, your questions of a provider may be something like this … Do you have capacity and multi-modal capabilities? How long have you been in business and can you provide me with references? Will you be able to provide me with the visibility to the goods that my business requires? Do you have a history of good security practices?
To read more please click here!
Playbook for Supply Chain Continuity in a Crisis.
Apr 30, 2020, 11:03 AM EDT
- 43% of 142 companies, ranging from consumer goods to healthcare, reported that their supply chains are vulnerable to disruptions55% of those companies have no documented contingency plans38% of 247 companies acknowledged that they have too much unmanaged supply chain risk
- What you can do nowHow to prepare for a crisis with comprehensive contingency planningAnticipating and managing risk with a supply chain integrity platform
Global Supply Chain Guide
Apr 30, 2020, 10:49 AM EDT
5 Ways To Work And Win From Home
Apr 17, 2020, 3:43 PM EDT
The speed of the COVID-19 crisis is unnerving even to the most experienced logistics leader. Within a matter of days, brokers, forwarders and carriers were ordered to shelter-in-place while ensuring that healthcare and food deliveries were uninterrupted. Commercial leaders grappled to implement work-from-home policies with little advance notice.
Fortunately, Winmore’s cloud-based software was designed to help 3PLs integrate, align and coordinate hundreds of remote offices around the world, the same software can orchestrate thousands of remote workers in home offices around the country. Through working with our customers to solve their challenges with shipper relationships and RFP responses, we’ve learned important best practices necessary for an LSP to succeed in these uncertain times.
Based on these learnings, Winmore, presents five key points that can help every commercial leader weather the COVID-19 storm. Together, with our free 45-day software trial offer, our goal is to ensure that logistics service providers emerge from this crisis a stronger, more resilient and efficient industry.
LCL – Time to Think Outside the Box
Apr 17, 2020, 3:36 PM EDT
As we navigate the uncharted waters presented by the COVID-19 pandemic, one thing is clear - our collective role in the international transportation business has never been more crucial than it is now. Ensuring a seamless global supply chain is paramount.
As the landscape of our business shifts – and it is changing almost on a daily basis – we must not only adapt to meet these changes, but also try wherever possible to anticipate them. “The ability to switch gears is key at the moment. In order to mold ourselves to the flow of the market and to meet our customers’ changing needs, we need to be able to react quickly, modifying and enhancing our products so that they are fit for new purpose” says Klaus Jepsen, Group CEO for Shipco Transport, one of the world’s leading neutral NVOCC’s. Click here to view.
Embracing Data Driven Decisions
Apr 2, 2020, 9:42 AM EDT
The digital evolution has created a dramatic surge in the quantity of business data, providing tremendous opportunities to gain valuable insight into processes that can improve organizational efficiency and performance. However, much of this data resides in silos, limiting the ability to readily access this information and achieve a holistic view of operational efficiency.
Without a unified location to house multi-sourced data, businesses are resigned to time-consuming, manual processes to compile information and attempt to extract value. With a rich history of providing customers with data analytics services, Versiant, a leading managed services provider, offers a digital enhancement to its existing services. Powered by Microsoft technologies, Versiant Data Analytics as a Service provides a centralized, cloud-based data warehouse that empowers enterprise with greater agility, increased analytics and reporting proficiency, and standardized access with unifying data definitions. Driving businesses’ transformational journeys to data, DAaaS provides critical insights into key performance indicators to promote growth and increase competitive advantage.
To read more click here.
Control Tower Approach to Complex Logistics
Mar 3, 2020, 5:34 PM EST
LANXESS, a global specialty chemicals supplier, selected Odyssey Logistics & Technology to track multiple assets for four business units that provide products across 33 countries.
References to control towers generally conjure up images of tall buildings lurking in the middle of airports, filled with air traffic controllers hovering over numerous radar screens to ensure every aircraft departs and arrives safely. While there may not be a physical “tower,” a supply chain and logistical control tower works in a similar fashion, providing visibility across multiple operations, assets and services. When LANXESS was challenged with managing a variety of assets across multiple partners and countries such as ocean containers, rail cars or ISO tanks, its team turned to Odyssey to help track these resources.
To read more click here!
Biggest, Fastest Savings for Global Supply Chains
Jan 29, 2020, 4:05 PM EST
Increasingly complex omnichannel business models are resulting in correspondingly complicated global supply chains. Maximizing efficiencies for time and cost in moving freight around the world is mission critical. This paper takes a high-level look at three opportunities for optimization: cargo consolidation, cargo risk management, and customs management.
The State of Intermodal
Jan 24, 2020, 4:03 PM EST
STRENGTHEN YOUR STRATEGY WITH INTERMODAL
Amid mounting disruptions to the transportation industry, now is the time for shippers to both diversify shipping strategies and lock in relationships with strategic intermodal carriers.
Read this guide to learn about the mounting disruptions to consider when planning your transportation strategy and how to:
- Increase on-time delivery and reliability with intermodal carriers experienced in precision-scheduled railroading (PSR)
- Secure reliable intermodal equipment and driver capacity by using asset-based intermodal carriers
- Work with intermodal carriers prepared to comply with upcoming industry regulatory changes, such as the ELD mandate, the Drug and Alcohol Clearinghouse and Assembly Bill
- The importance of developing strategic relationships with intermodal carriers to obtain long-term benefits for cost, capacity and service
Click here to download
Reinventing the Freight Transportation RFP Process
Jan 16, 2020, 1:43 PM EST
Online freight transportation procurement tools offer the opportunity to untangle the current mess around the less-than-truckload and truckload bidding process. When looking for carriers in a bid for transportation sourcing, shippers and third-party logistics providers (3PLs) should focus on improving the accuracy of their data before submitting, leveraging technology to catch and correct common mistakes. In addition, stakeholders must move the transportation request for proposal (RFP) process beyond spreadsheets and embrace online platform possibilities to competitively manage the complexity of multiple bids, streamline resources, and maximize choice and flexibility. Click Here to view.
The US-China Trade War: Where Do We Go From Here?
Nov 5, 2019, 10:14 AM EST
“Trade wars are good, and easy to win.” With those fateful words, uttered by President Trump in March 2018, the US government embarked on a prolonged conflict that will have lasting consequences not just for the economies of the US, but also for China and the global trading community. Over the course of two months this summer and fall, the JOC interviewed numerous industry stakeholders, economists, and other experts about the lasting impact the trade war has had on supply chains that, in some cases, were decades in the making. Whether an agreement is reached in the short term or not, manufacturing and transportation networks have changed in ways that will continue to play out for years. Read how in the wide-ranging JOC whitepaper.
Weathering the Trade Policy Storm: Trade Content Is Key
Aug 15, 2019, 6:04 PM EDT
Supply chains are running at full steam, despite many obstacles; rising transportation costs, sourcing shifts, retaliatory tariffs, demanding customers and other challenges will affect all industries - and often not for the better. This eBook discusses the stormy, highly unpredictable environment of global trade and the measures you can take to keep your supply chain from becoming a casualty. Topics covered include: how you can manage supply chain disruptions, maximize free trade agreements, reduce compliance risk and how to digitize your supply chain.
The Six-Figure Savings Opportunity for Heavyweight Ocean Freight
Jul 10, 2019, 4:21 PM EDT
Some steamship lines advise shippers of heavy freight to limit container weight to 44,000 pounds or even less to remain within so-called “legal” limits.
Shippers who abide by this guidance could be shipping 25% more containers a year than needed – andpaying for the privilege.
This eBook from I.C.E. Transport explains how heavy freight shippers can unlock a six-figure savings opportunity. You'll learn:
What are the true weight limits for container freight?
Why are land side services the key to ocean freight savings?
How are other importers shipping smarter for big savings?
Download the eBook to learn the ins and outs of efficient ocean shipping of heavyweight and over-sized freight.
NACPC: Setting the New Standard for Chassis in the Intermodal Industry
Mar 28, 2019, 1:18 PM EDT
By pulling the collective resources of the members to provide intermodal chassis, NACPC is able to offer at-cost pricing, which provides trucking companies significant savings compared to the competition.