The Spot Market – And How Not to Use It
Many shippers don’t realize that they are sabotaging themselves in the spot freight market. It is standard rationale that competitive bidding achieves a lower price. However, our application of that principle distorts Adam Smith’s law of supply and demand by creating a false demand “bubble” that results in higher prices and less profit for shippers. […]
Read More
Challenges for Today’s Global Supply Chain: Cost, Profitability and Personalization
When market research firm PWC put out its Global Supply Study in 2013, the concerns of the 500 surveyed executives were mostly what one would expect: profitability, cost management, and customer satisfaction. A fourth concern, however, indicates a shift in global supply chain realities. PWC’s study participants are worried about flexibility – and they should […]
Read More