GoShip Blog

FEBRUARY 7, 2023

Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.

Waste Reduction 52

Waste Reduction Price Reduction Resource Reduction Expense Reduction 52

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. Next-generation supply chain management tools like CLX LaneLogix are a perfect example of the type of system. Service Level Benchmarking.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

FreightWaves SONAR

JULY 24, 2023

Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. As a result, freight cost changes go unnoticed and surpass budget limitations.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

FreightWaves SONAR

FEBRUARY 26, 2021

(Graphics created by Emily Ricks) Successful freight trucking depends on the joining of profitable loads with timely delivery. Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction.

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Trucking Price Reduction Freight Cost Reduction 96

EazyStock

JANUARY 6, 2023

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. Demand forecasting software can integrate with your ERP or business system to automatically generate a demand forecast that considers demand variance, seasonality, trends and promotions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

EazyStock

JANUARY 6, 2023

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. Demand forecasting software can integrate with your ERP or business system to automatically generate a demand forecast that considers demand variance, seasonality, trends and promotions.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Trinity Logistics

MAY 9, 2022

Which has better shipping freight rates? So, let’s dive into each of these markets so you can better determine your business’s strategy. TECHNOLOGY NEEDED FOR RFPS NEED HELP WITH YOUR STRATEGY FOR COMPETITIVE SHIPPING FREIGHT RATES? Spot freight rates are short-term transactional quotes for moving freight.

Freight 84

Freight Price Reduction Supply Chain Planning Software Logistics Network Optimization Software 84

GlobalTranz

FEBRUARY 28, 2018

Although this sounds great for most industries, it represents a major problem for the freight trucking industry. Freight Forwarding Will Undergo Digital Transformation. Freight forwarders will have great opportunities in 2018 to take advantage of the increased demand on shippers. Freight and Trucking Rates Will Evolve.

Vendor Strategies 57

Vendor Strategies Course Trends Cost Reduction 57

Turvo

OCTOBER 21, 2021

Reason for the drastic increase in freight prices . Probable events that will lead to a downfall in freight prices. In recent months, businesses and shippers have been plagued with abnormally high freight rates. Freight prices have climbed over 500% in the last year. . Why have freight rates been on the rise?

Freight 81

Freight Price Reduction Scenario Planning Cost Reduction 81

FreightWaves SONAR

FEBRUARY 2, 2021

The state of logistics in 2021 continues to undergo transformation and disruption (continued from 2020), and while companies are looking for new logistics strategies to stay proactive, there comes a point at which supply chain leaders need a simple, fast way to view market conditions. That’s where freight indices come into play.

Supply Chain Planning Software 52

Supply Chain Planning Software Freight Supply Chain Software Resource Reduction 52

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. So how can you be sure you’re getting the best freight rates possible?

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

LandLink

MARCH 11, 2020

The debate over whether density-based pricing will succeed in toppling the traditional National Motor Freight Classification’s (NMFC) based pricing in the LTL industry is an ongoing debate. Back in the day, carriers in a battle over business after deregulation, were offering FAK (Freight All Kinds ) tariffs to get the business.

Price Reduction 62

Price Reduction Expense Reduction Inventory Reduction Strategy 62

Logistics Bureau

OCTOBER 1, 2018

Call it a cop-out if you like, but predicting which logistics and supply chain trends will make a difference to businesses in any given year has become notoriously difficult, given the speed at which technology in particular, can suddenly disrupt the way things are done. 2018 Update: How Did the Trends Progress?

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Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 87

FreightWaves SONAR

FEBRUARY 8, 2021

Figuring out the best strategy for managing fleet assets can be difficult at best. Unlike contracted rates, the spot freight market is full of wild price swings and uncertainty. And in freight management, a delay of a day or even hours can amount to significant delays and a poor customer experience. Consider this.

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Price Reduction Resource Reduction Freight White Paper 94

GlobalTranz

DECEMBER 22, 2020

However, some market trends that became significant factors in 2020 will likely continue. For example, online shopping will grow faster than expected, and consumer behavior may shift in response to ongoing pandemic-related challenges. Consumer Spending Shifts Will Continue To Impact The Truckload Freight Market.

Inventory Reduction 62

Inventory Reduction Sourcing Strategies Cost Reduction Freight 62

GoShip Blog

DECEMBER 29, 2022

Fortunately, there are effective strategies you can employ to reduce your e-commerce store’s shipping costs. This is to help lower their freight costs and boost profitability. A perfect example is GoShip , a self-service freight marketplace that directly connects small to mid-sized businesses. Flat rate shipping .

Cost Reduction 52

Cost Reduction Price Reduction Inventory Reduction Negotiating Skills 52

Logistics at MPEPS at UPV

APRIL 25, 2022

Therefore, many of the trends in logistics are influenced by these and can be considered guidelines for our following strategies before the end of the year. A clear example is the acquisition of Senator International by Maersk, a German freight forwarder with almost 40 years in the market. trillion in the next six years.

Trends 40

Trends Logistics Network Optimization Software Supply Chain Software Logistics 40

FreightWaves SONAR

NOVEMBER 19, 2020

Global supply chains suffer from limited visibility and a general want for supply chain intelligence in carrier sourcing , freight tendering and all other processes. Consider this example. Without supply chain visibility, a retailer cannot realistically move freight to other markets to take advantage of trucking capacity.

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Supply Chain Software Supply Chains Scenario Planning Sourcing Strategies 105

Freightos

JANUARY 15, 2024

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. 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.

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Negotiating Skills Optimal Sourcing Price Reduction Cost Reduction 114

FreightWaves SONAR

APRIL 25, 2023

When operating minibids or short-term RFPs, or when pricing individual loads, it is important to understand the directional movement of freight trends in order to be proactive in your pricing strategy. New features are available in Market Dashboard+ that help users quickly identify trends and market movement.

Negotiating Skills 52

Negotiating Skills Price Reduction Supply Chain Planning Software Outbound 52

Talking Logistics

OCTOBER 30, 2018

In 2018, tender reject rates have reached as high as 25% in late July, and although they’ve fallen to nearly 14% more recently, that’s still a significant volume of freight moved via the spot market. Unsurprisingly, carriers are feasting on their advantage in this atmosphere.

Optimization Software 60

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

FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Regardless of segment, the need for technology and insight via real-time predictive freight rates that can explore the specifics are critical to success. Even worse, predictive freight rates using outdated data may do more harm than good. .

Data 98

Data Negotiating Skills Freight Resource Reduction 98

FreightWaves SONAR

MARCH 15, 2021

The introduction of this first application within SONAR SCI was built with leaders at companies that spend millions of dollars on freight shipping. SONAR Lane Acuity Plus provides lane-level insight into market stability and rate benchmarking , helping participants identify freight rate and capacity risk on a lane. .

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

GlobalTranz

FEBRUARY 27, 2018

Supply chain professionals must also know how they will be shipping freight. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download white paper.

Manufacturing Procurement 66

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 66

FreightWaves SONAR

MARCH 26, 2024

Photo credit: Jim Allen Produce is a small portion of the volume of freight in the United States, but it can be one of the most disruptive forces in the industry. Take, for example, the market of Twin Falls, Idaho in comparison to Lakeland, Florida. This can be seen in a list or map view form.

Supply Chain Planning Software 52

Supply Chain Planning Software Negotiating Skills Data Scenario Planning 52

Blue Grace Logistics

APRIL 11, 2021

Most transportation and logistics companies had a digitalization strategy before the COVID-19 pandemic, but the implementation was moving at a snail’s pace. Grocers, for example, had to quickly implement new digital processes for customers to order and pickup orders. Accelerating trends in technology.

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Supply Chain Planning Software Supply Chain Software Digital Logistics Network Optimization Software 62

Blue Grace Logistics

APRIL 26, 2019

In our March webinar, titled Time Definite Freight and Positive ROI , Brian Blalock, Senior Manager Sourcing Strategy, and Eric Chambers, Vice President, Field Performance at BlueGrace Logistics, discuss the delivery method that is redefining the logistics landscape. What is Time Definite Freight?

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Definition Inventory Reduction Cost Reduction Optimal Sourcing 48

Shipping and Freight Resource

FEBRUARY 4, 2020

Digitisation, Digitalisation, Digital Transformation are some buzz words that have recently taken the shipping and freight industry by storm. digitally transform the business and its strategy. Some examples and benefits of digitalisation in shipping are. Here is a real life example.

Supply Chain Planning Software 98

Supply Chain Planning Software Freight Supply Chain Design Software Modeling Software 98

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

GlobalTranz

FEBRUARY 13, 2017

Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year. The Top 6 Trends in Logistics Impacting Shippers in 2016. Meanwhile, the use of Big Data will empower new fleets and freight optimization and consolidation measures, and the IoT will provide new insights.

Resource Reduction 82

Resource Reduction Trends Inventory Reduction Material Savings 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. . Evaluating freight flows for private fleet conversion. . Deciding on the timing of freight bids. Inflation in freight costs.

Negotiating Skills 52

Negotiating Skills Cost Reduction Data Sourcing Strategies 52

Parade

MAY 8, 2019

Hunt’s $500M investment to freight platforms startups raising over $490M, to technology-driven brokers such as Uber Freight and Convoy. These are innovative technologies and advancements for shippers and carriers, but brokerages shouldn’t be distracted by these technologies and trends! Not very helpful.

Digital 68

Digital Freight Price Reduction Waste Reduction 68

GlobalTranz

AUGUST 18, 2016

As a result, you need to understand what distribution technology trends, as explained by Advantage Business Media and Lindsay Konzak of Modern Distribution Management , are being seen in today's distribution network and how they will impact future operations. For example, a shipper’s sales team can work with other businesses in a B2B setting.

Supply Chain Planning Software 60

Supply Chain Planning Software Optimization Software Supply Chain Software Logistics Network Optimization Software 60

Logistics Viewpoints

OCTOBER 11, 2021

Jackson Wood, director of industry strategy for global trade intelligence at Descartes. I had interesting conversations with Jackson Wood- director of industry strategy for global trade intelligence at Descartes, and Linda McKee – director of solution management for global trade services at SAP. Both are leaders in this market.

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Compliance SAP Vendor Strategies Sourcing Strategies 117

Logistics Viewpoints

AUGUST 14, 2023

Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. McKee says that at SAP what she is seeing is a trend towards having more deals originating from a supply chain organization, SAP’s customers still typically originate from finance.

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Compliance Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 106

Now, That's Logistics

NOVEMBER 21, 2022

of the nation’s freight by weight , representing roughly 11 billion tons of freight (primary shipments only) in 2021. A vital part of the nation’s infrastructure, these trucks haul food, oil and gas, consumer products, retail goods and myriad other types of freight as it moves from origin to destination.

Transportation 103

Transportation Trucking Freight Capacity 103

FreightWaves SONAR

JANUARY 7, 2021

Poor tender acceptance strategies. Take this example reported by Richard Davis in Supply & Demand Chain Executive , “It’s 7:00 p.m., While that’s an example of a particular warehouse, it has a natural implication for carriers. Remember that carriers are those that actually move freight. Empty miles.

Supply Chain Software 98

Supply Chain Software Supply Chain Design Software Supply Chain Design Automation 98