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Freight Market Data Sources

FreightWaves SONAR

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

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How to Use Data to Fuel Your Retail Reverse Logistics Strategy

GlobalTranz

Returns may derive from buyer’s remorse, damage to items, defects, end-of-life disposal, and even recycling. Instead of being relegated to the margins, executives must rethink their strategy and consider how a data-driven reverse supply chain can add more value and improve profit margins. Faster time to resolution for returned items.

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[INFOGRAPHIC] FreightWaves SONAR spot freight market data sources

FreightWaves SONAR

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

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The goldmine that is returns data

Logistics Business Magazine

Neil Adcock, Managing Director at Bis Henderson Consulting , reveals how to unlock the value hidden in returns data. To determine the appropriate returns strategy retailers need to understand what is going on and tapping into returns data may unlock some important insights. Getting hold of the data. Product feedback.

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Data standardization and its benefits – Executive Insights with Thomas Bagge, CEO of DCSA

Shipping and Freight Resource

Data the “new” gold, is in high demand all over the world and especially now in the shipping and freight industry. But just data alone is not going to assist. Data and its usage must be standardised and there must be a standardised approach to digitalisation. So that Industry Blueprint was quite crucial.

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Where Is the Freight?

FreightWaves SONAR

SONAR tender data and TRAC (Trusted Rate Assessment Consortium) spot rates can really set you apart from the competition when talking to your customers. All of these indices contain data as far back as 2018, enabling you to see daily changes as well as historical yearly patterns and trends. The post Where Is the Freight?

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Probabilistic Planning Helps Master Supply Chain’s Unknowns

Logistics Viewpoints

A probabilistic approach delivers a new level of actionable insights based on key factors and the impact of each factor driven by more relevant data to support better decision-making. Instead, probabilistic planning equips companies with a powerful tool at their disposal to mitigate risks and uncover hidden opportunities.