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2021 Strategies for Inventory Management and Supply Chain Recovery

EazyStock

A vaccine won’t magically eradicate the coronavirus; instead, it will take the vaccine coupled with additional widespread safety measures to usher in a ‘new normal’ – optimistically, by Q3 of 2021. The prevailing effects of COVID-19 are uncertainty and disruption; the key to planning ahead for 2021 will be to analyze the effects of 2020.

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What enterprise shippers can expect from logistics automation in 2021

FreightWaves SONAR

For example, think about the use cases of these most impactful benefits to come from logistics upgrades and automation include: Continuous development of SaaS and a renewed focus on customized service offerings. And as such, automated processes are an essential part of proactive supply chain management in 2021 and beyond.

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What enterprise shippers can expect from logistics automation in 2021

FreightWaves SONAR

For example, think about the use cases of these most impactful benefits to come from logistics upgrades and automation include: Continuous development of SaaS and a renewed focus on customized service offerings. And as such, automated processes are an essential part of proactive supply chain management in 2021 and beyond.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

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. This is a significant shift from late 2021, when 93% faced serious disruptions. In other words, this is a far cry from 2021 and its dramatic capacity shortage.

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How LTL shipping rates work and how to track trends developing in long-term pricing agreements

FreightWaves SONAR

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. In this example, the shipping rate would be based on the DIM pricing weight of eight pounds. Request a SONAR Demo.

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Looking at the data in FreightWaves SONAR to see the impact of Suez Canal Blockage

FreightWaves SONAR

For the Ever Given as an example, as of yesterday, the schedule posted by Evergreen the expected ETA of the vessel into Rotterdam was April 1st, 2021 (with a scheduled departure date of April 3rd, 2021). Request a SONAR Demo. Request a SONAR SCI Demo.

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How freight markets react amid weather-related chaos

FreightWaves SONAR

Major weather storms have been prevalent throughout the years and 2021 is no exception – the major winter storm that swept the nation in February, multiple hurricanes with the latest, Hurricane Ida, ravaging the Gulf Coast. For example, the Outbound Tender Volume Index (OTVI) is a 7-day moving average of shippers’ requests for capacity.

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