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[WHITE PAPER] Cold comfort: Food companies can benefit from using reefer data as their costs for freight (and everything else) rise

FreightWaves SONAR

In general, the companies in the meat industry have among the most to gain from improving their freight efficiency, and we estimate that food companies with average margins and an average relative freight spend could save $300 for every $1 million in revenue by improving freight efficiencies by 1%. Request a SONAR Demo.

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June 4, 2024 Update

Freightos

More Resources Home June 4, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 5% to $5.43/kg

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Freight market data size matters: 5 key hallmarks of data sets that improve transportation procurement

FreightWaves SONAR

According to Richard Howells of Forbes , the 2020 Oxford Economics survey found “49% of supply chain leaders (the top 12 % of respondents) can capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. Freight market data size consistency matters.

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Freight data can assist CPG companies in mitigating risks of freight cost inflation

FreightWaves SONAR

However, leveraging freight market data can mitigate freight spend and lead to a more efficient supply chain. The free white paper, Mo’ inflation, mo’ problems for CPG companies , shows how real-time data can enhance decision-making around the supply chain. Request a SONAR Demo. Request a SONAR SCI Demo.

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Key Challenges in Fresh Grocery & Supermarket Supply Chains

The Logistics of Logistics

As early as 2018, a Neilsen study found that fresh foods were “the primary driver of growth in retail stores, accounting for 49% of all dollar sales growth in the fast-moving consumer goods industry. As one industry insider put it, “The supply chain absolutely stretched to the limits — broken, in many cases.”

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Lowering freight costs to alleviate margin pressure for CPG companies

FreightWaves SONAR

Inflation has a larger impact for the CPG industry compared to other industries given the reliance on numerous commodities (like corn and soybeans) that have seen prices increase dramatically over the past year. Request a SONAR Demo. Request a SONAR SCI Demo. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITE PAPER.

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What Shippers and Retailers Need to Know for Peak Season Planning 2022

The Logistics of Logistics

The survey also found that although many companies have arranged international shipments early this year, most continue to rely on the spot freight market to move goods.”. As noted by DC Velocity , “ most freight forwarders, traders, and shippers expect more disruption in the 2022 third-quarter peak season than they felt last year.