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

FreightWaves SONAR

Input costs for corn, as well as other agricultural products, that are used in many products from animal feed all the way to consumer goods, have risen by more than 100% over the past year. However, leveraging freight market data can mitigate freight spend and lead to a more efficient supply chain. Request a SONAR Demo.

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Decreasing deadheading in trucking: how carriers are turning to data to maximize assets

FreightWaves SONAR

Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Where a supply chain is weak, analysis and advisory teams can fill in the gaps – seeing the correlations between data points and real-time load operations and profits highlights potential problem areas.

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BCOs and drayage planning: How global retailers apply data

FreightWaves SONAR

H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Request a SONAR Demo.

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Big data and inventory management

EazyStock

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. Unstructured data isn’t as accessible to search or export and is often text-heavy.

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The 3 top benefits of trucking fleets benchmarking financial and operational performance

FreightWaves SONAR

Instead of wasting resources to guess at which lanes and shippers meet minimum load requirements, capturing real-time freight data helps carriers identify their top performers, review eligibility for shipper-of-choice status and ensure everything runs more smoothly. Financial insight feeds into equipment purchasing decisions.

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[WHITE PAPER] Mo’ inflation, mo’ problems for CPG companies

FreightWaves SONAR

Therefore, in the absence of hedging, CPG companies should utilize as much freight-related data as possible to mitigate freight costs more effectively and improve supply chain efficiency. Those data sets and use cases include: Using data from electronic tenders and carrier surveys to assist in negotiations with carriers and 3PLs.

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Integration Chatbot: How Forwarders Can Streamline Procurement

RPA Labs

High-quality robotic process automation (RPA) has the potential to make everything it touches more efficient with the data behind it to explain why. Reduced Confusion Over Rates – With an AI-supported chatbot integrated into the TMS, current rate data is fed immediately to the chatbot at any time.