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Supply Chain Intelligence: The Value of AI and Machine Learning to Predict Freight Rates

FreightWaves SONAR

This is incredibly challenging, considering today’s global supply chains are built on a foundation of increased complexity, globalization, outsourcing, trading partners, geopolitical tensions, trade wars, and risk. Consider this example. And the past data trends are obsolete and rapidly becoming more so. Consider this example.

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Truck fleet management: How are my trucks performing in the market?

FreightWaves SONAR

As a result, more companies have turned to outsourcing and establishing new and lucrative business relationships to achieve their goals and basic needs. And setting up benchmarks comparing internal trucking KPIs to external market trends can help managers keep tabs on the competition. Request a SONAR Demo.

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Essential KPIs for Ecom Operations Domination in 2023

Ship Monk

Whether you manage your own fulfillment warehouse or outsource ecommerce order fulfillment and logistics to a 3PL , there is always room for improvement. Metrics and KPIs can (and should) be established to identify bottlenecks in the process, positive and negative trends, areas that are improving, and areas that need improvement.

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5 Transportation Management System Benefits & The Ever Expanding use of a TMS by Shippers

GlobalTranz

As a result, the use of the TMS is expanding, and it will be one of the greatest technology trends to benefit the shipping industry in 2016. Regardless of what studies say, shippers do not want to actually outsource all properties and operation to third-party providers, often called managed transportation.

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6 Best Practices for Third-Party Logistics Companies to Differentiate From Competitors

Turvo

According to McKinsey & Company : “The trend for product value chains to become more regionalized is also likely to accelerate, as companies reassess the risks of globally integrated asset networks and supply chains. These words carry added merit in the post-COVID-19 world.