White Papers

Driving Strategic Value Through Outsourcing

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The freight audit and payment industry is a fragmented space divided along a few key dimensions, ones that are explored in the Journal of Commerce's inaugural Freight Benchmark Benchmark Study: Driving Strategic Value Through Outsourcing.

This study, based on a survey of shippers in summer 2020, allows freight buyers to measure themselves against their peers through a number of key metrics:

The degree to which shippers outsource some or all of their auditing and payment functions
The cost to process an invoice for shippers that outsource or handle payment and audit internally
The extent to which the market is aware of the differences between bank-backed and non-bank-backed vendors
How shippers use invoice and payment data for analytics purposes

The study gives shippers actionable insight into how to structure this core part of the freight transportation industry.

Global Retail and Manufacturing Brand Turns to QuestaWeb for Integrated, Modular Automated Global Trade Management Software

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Background: A global brand that is involved in retail, entertainment, manufacturing, and distribution.

Challenges: The global company was managing its entire supply chain through spreadsheets for years. The supply chain is the backbone of business operations. So, the company must know all the activities happening in the supply chain to make sure it is working the way it should. Unfortunately, by using manual spreadsheets, the business didn’t have complete visibility over its supply chain and as a result, the company had challenges accurately monitoring its operations.

Supply chain management software for resiliency and insight

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COVID-19 and the supply chain inflection point.

TruDoss LLC on how companies of all sizes can use the Covid-19 crisis to re-design their supply chains for success in the decade ahead.

How Ryder Simplifies the End-to-End Supply Chain Journey

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Disruption continues to be the prime focus of supply chains, whether it’s positive business surges or times of crisis. Overcoming these disruptors requires an operation with complete visibility, flexibility, and optimization across the entire supply chain journey. At Ryder, our industry leading third-party logistics solutions span the entire supply chain from inbound logistics and transportation, to warehousing and distribution, to outbound and returns. This includes nearshoring, e-commerce fulfillment, last mile delivery, safe and secure cross border capabilities, cross-docking, carrier portfolio management and innovative technology.

Redefine what it means to have a secure supply chain

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Supply chain security is an ongoing and ever-evolving process, requiring active risk mitigation and management. Discovering security-related trends, addressing them before they become a true risk, and dealing with unavoidable real-time situations effectively allows you to manage your supply chain’s security.

This whitepaper offers a breakdown of how to:

- Understand exactly what’s at risk

- Examine physical supply chain threats

- Evaluate supply chain security & mitigating risks

- Digitize the supply chain for improved security

Download the whitepaper to help redefine your supply chain’s security.

How B2B Supply Chains Can Deliver New Customer Value with A Continuous Delivery Experience (CDX)

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Customer expectations for visibility and reliability in supply chains have increased substantially over the past decade, and static systems are no longer sufficient to keep up with the growing demand.

Winning companies understand that their supply chains are complex, always evolving systems that require a Continuous Delivery Experience. How does a Continuous Delivery Experience (CDX) work? Download the CDX Whitepaper to learn the value and ROI now »

● Gain useful insights with a continuous approach to data cleansing & reconciliation.

● Improve Delivery with optimized logistics, exception monitoring, and agile planning.

● Streamline Experience to keep teams aligned, partners in the know, and customers happy.

● Stay ahead of growing customer expectations to grow revenue and protect margins.

The 4 Most Common Challenges in Providing PPE and How to Conquer Them

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At the start of April, America’s Strategic National Stockpile of emergency supplies was almost nonexistent. According to reports, when it was running frighteningly low, containing only about 9,000 ventilatorsii, New York state alone needed an additional 37,000 ventilators.

The Coronavirus pandemic has exposed the undeniable connection between our healthcare quality and a fastmoving supply chain. From production to palette placement to product delivery - every mile forward is critical and interconnected - like a heartbeat. To read more or download please click on the button below.

New tech for commodity exporters

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Today, global trade is a world of exceptions, hindering margin and growth. Current technologies have not resolved the myriad issues of getting products to destination, on-time and profitably. As a result, many innovators have held off on tech investments or tried to do it themselves, without good results. The complexity and scale of modern international trade require a “new way” – one that is powered by advanced technology and machine learning. Learn more about the new tech that top commodity merchants and traders are using to compete and win in the future >>

Supply chain modeling provides 55% cost avoidance for U.S. distributor during COVID-19 shutdown

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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?

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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

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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

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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

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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.

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It can be difficult enough to manage the “everyday” risks to your supply chain, but actually getting ahead of and dealing with larger crises can seem near impossible. With everything that’s happened recently, we’ve all learned an important lesson in that it’s paramount to be prepared for the absolute worst-case scenario.

Yet many companies still aren’t. In fact:

43% of 142 companies, ranging from consumer goods to healthcare, reported that their supply chains are vulnerable to disruptions
55% of those companies have no documented contingency plans
38% of 247 companies acknowledged that they have too much unmanaged supply chain risk

Thankfully, there are ways to deal with maintaining supply chain continuity in a dire scenario, as well as solutions for how to anticipate and minimize future disruptions.

The Playbook for Supply Chain Continuity in a Crisis covers:

What you can do now
How to prepare for a crisis with comprehensive contingency planning
Anticipating and managing risk with a supply chain integrity platform

Be prepared for the “everyday” risks, as well as bigger disruptions by downloading your playbook today.

Global Supply Chain Guide

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Before the coronavirus pandemic turned the world upside down, companies with global supply chains were decreasing manufacturing and shipping times with just-in-time production. Globalization was operating at full steam and businesses were sourcing supplies from all over the world.

When coronavirus hit, business shutdowns and international travel restrictions disrupted supply chains. Now, the businesses that are open are fighting tooth and nail to keep supply chains intact. To survive, they must optimize for the current environment and mitigate significant risks. “How to build a pandemic-proof global supply chain” offers insights for navigating this new landscape.

This white paper also provides information about different business models, including insourcing, outsourcing, multi-sourcing, offshoring, and nearshoring. And since no discussion about supply chains would be complete without mention of China, “How to build a pandemic-proof global supply chain” devotes a whole section to this topic alone. Still, the most valuable material may be the suggestions for securing offshore supply lines. Download this white paper to learn how to build resilient supply chains that can weather any storm.

5 Ways To Work And Win From Home

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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

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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

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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

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LANXESS, a global specialty chemicals supplier, selected Odyssey Logistics & Technology to track multiple assets for four business units that provide products across 33 countries.

THE CHALLENGE

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

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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.