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

FreightWaves SONAR

Consider this example. Yes, AI and machine learning build on algorithms to isolate historical trends and derive a likely transportation rate. And the past data trends are obsolete and rapidly becoming more so. Consider this example. . But that principle does allude to another issue. But this is 2020.

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The Critical Role of Your Supply Chain

Logistics Business Magazine

Companies must also consider cost implications, accurate demand forecasting, trend analysis, process automation, and logistics considerations. Accurate demand forecasting and trend analysis enable companies to anticipate customer needs, ensuring products are available when and where they’re wanted.

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What’s On Tap for Ocean Shipping in 2023?

Now, That's Logistics

These and other positive trends may prove beneficial for shippers as we head into 2023, while lower demand and stabilizing freight rates are likely to have an opposite effect on ocean carriers. This may present challenges for carriers as they try to absorb all of the new vessels just as demand is waning and freight rates are receding.

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5 Tips for Writing a Transportation Management Plan

GlobalTranz

The Freight & Transportation Management Trends to Know in 2018. Describe the Outbound Transportation This description covers the movement of an outbound load from the company premises/warehouse to the customer’s destination. In some circles, it is considered as the traffic and risk management plan. Download White Paper.

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High-quality freight data is vital for supply chain automation

FreightWaves SONAR

These supply chain teams often run into a dilemma, though: Some data sets are relatively bare, presenting just a few data points with little context. Chart: FreightWaves SONAR) Here’s an example: A transportation manager notices that the spot quotes being returned by a 3PL are coming in higher and higher, exceeding market rates.

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Carrier Capacity Management Levels the Playing Field in a Carriers’ Market

Logistics Viewpoints

Most shippers currently face a long list of challenges thanks to some well-known trends. E-commerce order volume keeps climbing, straining carrier capacity with shippers sending more parcels outbound and receiving more returns inbound. A growing number of shippers now embrace the gig economy to get orders to customers, for example.

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Different Types of Logistics Companies: Which One Should You Choose?

3PL Links

Outbound transportation. The trends in the 3PL, unlike the other types of logistics companies, are: Transport and storage associations. Infrastructure (in storage areas, for example). The operation of distribution centers. Value added services. Stock control. Reverse logistics. Communication and information. Insurance policy.