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Stop Bleeding Money with Outdated Freight Bidding Strategies

CLX Logistics

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. Ongoing Spend Analysis.

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Types of Risks Impacting Supply Chains in 2018

Material Handling and Logistics

These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. Hurricane Maria, which slammed into Puerto Rico on September 20, 2017, is a prime example of a catastrophe that reverberates through supply chains. Economic situation can cause product or labor shortages.

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How Disruptions like Coronavirus Test The Resilience Of Supply Chain Planning

AIMMS

While this creates tremendous value , it also br ings the inevitable risk that certain event s can have far-reaching consequences that influence supply chain s more than ever before. Let’s explore some example s. . Most often , these events force demand and resource usage to fluctuate.

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Freight Costs: 5 tips to get the biggest bang for your buck

FreightWaves SONAR

As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management.

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Navigating a Lost Bill of Lading (BOL) with Courier Companies in International Trade

MTS Logistics

According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 million per event. Statistics and Examples 1. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses. million per incident.

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Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains

3PL Links

As the name implies, trend research looks to forecast future events mostly based on consumer behavior, which drives shifts in the needs, wants, and expectations of the market. Product personalization: Product personalization is made easier by the ability to comprehend customer preferences through big data analysis.

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7 Tips For Building Supply Chain Resiliency

GlobalTranz

Whether it’s a pandemic, severe weather events, trade disputes and tariffs, economic upheaval, or even unexpected surges in customer demands, you can’t prepare for every eventuality. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic.