FreightWaves SONAR

MAY 14, 2024

Aggressive pricing/cost savings strategies have contributed significantly to creating a sustained volatility in the domestic transportation market. Shippers drive prices higher when they bid against one another for available capacity in tight markets. Carriers drive prices lower, bidding for business when capacity is readily available.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Sourcing Strategies 52

10xLogistics

MAY 15, 2024

Collaborative Planning, Forecasting, and Replenishment (CPFR) is a strategy that has revolutionized this space, offering a systematic approach to reducing supply chain inefficiencies. A lack of trust can prevent the open exchange of this data, reducing the effectiveness of collaboration.

Supply Chain Planning Software 77

Supply Chain Planning Software Replenishment Inventory Reduction Scenario Planning 77

FreightWaves SONAR

MARCH 16, 2021

Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. last year and $2.19 the year prior.

Data 97

Data Efficiency Supply Chain Software Logistics Network Optimization Software 97

Logistics Viewpoints

JANUARY 31, 2024

In smart manufacturing, for example, the deployment of a multitude of sensors and devices for real-time monitoring of machinery, predictive maintenance, and quality control are primary use cases. These concerns mean that industrial companies need to carefully consider how to integrate this new technology into their long-term strategies.

Supply Chain Design Software 159

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 159

FreightWaves SONAR

FEBRUARY 17, 2021

Mobile data can play a pivotal role in building the supply value chain. Mobile devices have functions that provide valuable data for the supply value chain. Mobile devices have proven optimal for implementing innovative strategies, connecting freight loads with other equipment and assets , and more. Download the White Paper.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Negotiating Skills Negotiate Pricing 98

FreightWaves SONAR

MARCH 22, 2021

In this edition of “SONAR Indices & Insights,” readers will learn about FreightWaves SONAR’s Weighted Rejection Index (WRI) to monitor trucking capacity in the freight market and the impact rejections have on shipping rates. For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days.

Capacity 98

Capacity Demo Price Reduction Cost Reduction 98

Transporeon

SEPTEMBER 20, 2018

Shippers are feeling the effects of scarce carrier capacity. The driver shortage is affecting available trucking capacity. With luck, the shipper may find and contract with another carrier that has available space despite the driver shortage and scarce capacity. Scarce available trucking capacity leads to higher shipping costs.

Price Reduction 101

Price Reduction Cost Reduction Resource Reduction Capacity 101

Freightos

JANUARY 15, 2024

Despite these efforts, to date the attacks continue, pushing most major carriers representing over 60% of global container capacity, to alter their routes. For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began.

Negotiating Skills 114

Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 114

Logistics Viewpoints

DECEMBER 2, 2021

Many major challenges of 2021—capacity constraints, ecommerce growth and driver shortage—are rolling over into 2022 and, in addition, the environment and machine learning are becoming more important for logistics and supply chain professionals. Online buying will fuel home delivery growth, challenges and new strategies.

Waste Reduction 187

Waste Reduction Cost Reduction Inventory Reduction Resource Reduction 187

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. Soon, it’ll almost be a guarantee that if you’re not leveraging modern data analytics properly, you’re losing money or leaving it on the table.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages. Download the White Paper.

Data 98

Data Negotiating Skills Freight Resource Reduction 98

Parade

DECEMBER 21, 2021

Here’s why technology should be part of your overall strategy. Tech and the Data Garnered from It Can Drive Smarter Strategy The , tools that tech provides are one thing; the data it collects and synthesizes so that companies can learn something from are infinitely valuable to gaining end-to-end visibility.

Supply Chain Planning Software 78

Supply Chain Planning Software Price Reduction Scenario Planning Supply Chain Software 78

Parade

DECEMBER 21, 2021

Here’s why technology should be part of your overall strategy. Tech and the Data Garnered from It Can Drive Smarter Strategy The , tools that tech provides are one thing; the data it collects and synthesizes so that companies can learn something from are infinitely valuable to gaining end-to-end visibility.

Supply Chain Planning Software 78

Supply Chain Planning Software Price Reduction Scenario Planning Supply Chain Software 78

Logistics Viewpoints

FEBRUARY 12, 2024

In smart manufacturing, for example, the deployment of a multitude of sensors and devices for real-time monitoring of machinery, predictive maintenance, and quality control are primary use cases. These concerns mean that industrial companies need to carefully consider how to integrate this new technology into their long-term strategies.

Supply Chain Design Software 128

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chains 128

Logistics Viewpoints

MARCH 24, 2022

Retailers also took steps to contain costs and preserve margins as they reoriented toward e-commerce like never before, including putting solutions in place to more effectively navigate carrier capacity caps and improve the visibility, accessibility, and mobility of inventory. More to give the organization.

Supply Chain Planning Software 132

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 132

Locus

MAY 25, 2022

Take last-mile deliveries for example. Here are seven key strategies that they have used to make it happen. Some of these include: Prediction of traffic restrictions Vehicle capacity limitations Driver skill sets Distance to be covered Maximum speed Time windows Service hours Breaks Vicinity and so on. Use data insights.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Cost Reduction Strategy 52

FreightWaves SONAR

MARCH 2, 2021

Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. This helps to realize fewer tender rejections, increases an understanding for requests for proposal (RFPs) bringing optimal deals, and improves lead time planning to secure capacity procurement.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

Talking Logistics

OCTOBER 30, 2018

If you’ve ever paid $10 for an Uber ride to the cocktail lounge in the evening and then a “surge priced” $50 for the same distance Uber ride back to your home only a few hours later around closing time, you understand the dynamics troubling shippers in today’s capacity constrained transportation market.

Optimization Software 60

Optimization Software Supply Chain Software Material Savings Logistics Network Optimization Software 60

Freightos

APRIL 25, 2024

This shift, which relies on the de minimis US customs regulation that waives direct to consumer packages worth under $800 dollars, is pushing air cargo rates up, and has significant implications for capacity, and regulatory landscapes. rates soared to about $13/kg due to pandemic-driven demand and reduced capacity.

Cost Reduction 87

Cost Reduction Cargo Price Reduction Resource Reduction 87

CH Robinson Logistics

DECEMBER 15, 2021

However, with this year’s volatility, I was also given a front-row seat to a new level of hyper collaboration – including individuals going out of their way to help each other, more strategy sessions between shippers and forwarders, and continually leaning into historical data and current market insights to find smarter solutions.

Sourcing Strategies 90

Sourcing Strategies Global logistics Cost Reduction Inventory Reduction 90

FreightWaves SONAR

APRIL 4, 2024

Recognizing the collective significance of market conditions across KMAs at any given time, logistics professionals can devise strategies that accommodate the diverse nature of these areas, ensuring efficient and effective freight procurement and management. Curious about how KMA trends can inform an effective supply chain strategy?

Supply Chains 52

Supply Chains Optimal Sourcing Freight Outbound 52

GlobalTranz

APRIL 20, 2021

Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic. It’s the result of a deliberate strategy that may require tradeoffs compared to other approaches. This strategy requires greater investment and inventory carrying costs but enables continued production.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

Logistics Viewpoints

AUGUST 22, 2023

And in the intervening years — as we’ve leveraged real-time data, ML and AI to help countless companies answer the “where’s my truck” question — I’ve continued to underscore that visibility is a foundational technology. Moving data between systems was complex and laborious. In other words, visibility is an enabler. Lesson learned.

Supply Chain Planning Software 112

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 112

Talking Logistics

APRIL 6, 2017

While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. Big or small, capacity solutions are not one-size-fits-all.

Capacity 60

Capacity Price Reduction Sourcing Strategies Cost Reduction 60

MTS Logistics

DECEMBER 20, 2023

Elastic logistics is becoming a shining example of efficiency and cost savings due to its capacity to dynamically react to changing demand by expanding or reducing operations. Let’s dissect the essential elements that make up this dynamic strategy: 1. Elastic logistics also ushers in a new era of supply chain resilience.

Supply Chain Software 82

Supply Chain Software Supply Chains Inventory Reduction Cost Reduction 82

FreightWaves SONAR

APRIL 29, 2021

That has also increased the pressure on retailers to keep other freight and logistics costs low with more capital and expense being dedicated to the development of new omnichannel strategies. . Using SONAR data in contract negotiations with carriers and 3PLs. . Those use cases include: . Evaluating truckload to intermodal conversion.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

FreightWaves SONAR

FEBRUARY 25, 2021

Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity.

Supply Chain Software 90

Supply Chain Software Logistics Network Optimization Software Automation Sourcing Strategies 90

Logistics Viewpoints

MAY 22, 2023

To solve this problem, we’ll need to do three things: understand the data, aggregate the data, and define the constraints. First comes the data and how well we understand it. We will now start generalizing – in other words, aggregating the data. Can every customer get products from every warehouse?

Supply Chain Design Software 107

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 107

Logistics Viewpoints

SEPTEMBER 23, 2021

With the carrier capacity crunch and other challenges looming large, seamlessly fulfilling all those orders will be no easy task for many merchants. Carriers have imposed widespread shipping capacity limitations. Prioritize peak season prep with parcel shipping data. The right now solution. Many unprepared U.S.

Negotiating Skills 103

Negotiating Skills Cost Reduction Logistics Network Optimization Software Capacity 103

Transporeon

APRIL 9, 2019

The driver shortage is affecting available trucking capacity. With luck, the shipper may find and contract with another carrier that has available space despite the driver shortage and scarce capacity. What can be done to deliver on time to customers despite the driver shortage and bottlenecks in trucking capacity?

Price Reduction 48

Price Reduction Cost Reduction Resource Reduction Capacity 48

Transporeon

SEPTEMBER 20, 2018

Shippers are feeling the effects of scarce transport capacities in the market. The driver shortage is affecting available transport capacities. If they are in luck, they may find and contract with another carrier that has free freight space despite the driver shortage and scarce transport capacities.

Price Reduction 48

Price Reduction Cost Reduction Resource Reduction Capacity 48

GlobalTranz

OCTOBER 21, 2016

Capacity Will Grow Tighter. Capacity was stretched beyond limitations in 2014, and fleets around the country tried to optimize operations through freight reclassification, dimensional pricing models and freight consolidation, explains Jeff Berman of Logistics Management. The ELD mandate will further worsen the coming capacity crunch.

Capacity 88

Capacity Purchasing Skills Inventory Reduction Material Savings 88

CLX Logistics

JULY 13, 2020

2019 brought a dramatic swing back in favor of shippers as capacity loosened. Early in the COVID-19 pandemic, dry van capacity was at a premium. So, first thing, hire a benchmarking service to provide you with the data you need. Therefore, it’s critical to use these tools within the context of a well-developed strategy.

Cost Reduction 40

Cost Reduction Vendor Strategies Price Reduction Strategy 40

Logistics Viewpoints

APRIL 10, 2024

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 150

Logistics Viewpoints

NOVEMBER 22, 2022

While accidents are part of the reason, the complete explanation also includes rising medical and litigation costs, catastrophic losses, an escalation in inexperienced truckload capacity entering the market, and nuclear verdicts—all of that plus the economic performance of the industry itself. Review Your Insurance Policies .

Cost Reduction 126

Cost Reduction Expense Reduction Tips Trucking 126

Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. Those industries include data communications, medical, industrial, automotive and consumer electronics.

Supply Chain Planning Software 118

Supply Chain Planning Software Manufacturing Procurement Optimal Sourcing Inventory Reduction 118

FreightWaves SONAR

APRIL 1, 2021

Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. Major shippers and transporters have only so much space available to work within LTL shipping capacity.

Negotiating Skills 98

Negotiating Skills Price Reduction Trends How To 98