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Build Resilience in Volatile Freight Environments

FreightWaves SONAR

From a shipper’s perspective, transportation is a cost center, and the exercise of sourcing trucking capacity is not much different than that of procuring raw materials for production. Carrier networks tend to be relatively congruent with national trends. The reverse trip is the exact opposite, and the rates are much lower.

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6 challenges facing medical device manufacturers and how ERP analytics can provide a cure

SYSPRO Smarter ERP

Challenge Three: Nurture procurement and supplier relationships ERP analytics ensures adherence to ethical standards and compliance with industry regulations, fostering transparency and accountability. Manufacturers can exercise better control over the return and exchange of items bought from suppliers, ensuring smooth operations.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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Freight Benchmarking: What Is It? Why Do It?

Logistics Bureau

Improved ability to predict and manage trends: After you’ve spent a while working with freight benchmarks, you’ll get a feel for the directions of seasonal rate fluctuations and other pricing trends. Alternatively, you can procure access to a digital freight benchmarking platform. What Are Your Freight Benchmarking Options?

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COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. This once-popular strategy flies in the face of the modern trend of striving for lean production processes, but those companies which were carrying buffer inventory are weathering the Coronavirus storm better than most.

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Is logistics the ultimate conventional deterrent?

Logistics in War

The closure of American and partner overseas military bases in the wake of the Cold War, the subsequent expansion of expeditionary forces and long-distance strike capabilities in many militaries, and startling tactical successes by these forces since the 1991 Gulf War reflect this trend.

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NextGen Supply Chain Q&A: Rich Sherman

247 Customs Broker

He is an internationally recognized thought leader and author on trends and issues across supply chain management. You have operations here and procurement over there and sales right here, for example. Sherman: While digitization is a technical exercise, digitalization is a business exercise.