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What Midmarket Companies Need to Know About Trade Compliance
Q: What is the status of midmarket companies in the global trade arena? A: Global trade has become increasingly attractive to the midmarket—defined as companies with revenues between $5 million and $1 billion—because of lower sourcing and production costs in some developing countries, as well as rising consumption in some overseas markets. Between 2012 and […]
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Getting a Handle on Regulations and Compliance
Q: How do regulatory changes impact capacity, service, and pricing? A: Numerous regulations and market dynamics have impacted the transportation industry. In North America, for example, the Moving Ahead for Progress in the 21st Century Act, which passed in 2012, resulted in the cancellation of nearly 9,000 bonds and freight forwarder licenses, removing 35 percent […]
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SaaS TMS Facilitates Carrier Management
Q: How can shippers navigate today’s tight capacity market? A: For companies to have the assurance of consistent, competitively priced, service-oriented capacity through the ups and downs of the transportation marketplace, being a shipper of choice is imperative. Here are a few tips to get started: Go beyond rates. Best practice suggests taking a multi-tiered […]
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Does Your Website Help You Stand Out from Your Competition?
Q: Why is an effective company website important? A: Your company’s website is your image to the outside world, so it should be as attractive, relevant, and well-organized as possible. When a potential client or vendor checks you out, more than likely, they will judge you based on your website, so put your best foot […]
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Empowering Companies Through Integrated Data Flows
Q: What are some key data management challenges in logistics today? A: One key challenge is the different types of information flows. For example, some companies use electronic data interchange; others prefer XML or flat file. The choice often depends on the industry vertical, the company’s capabilities, and how their suppliers operate. For example, in […]
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Partners and Process Management: Freight Business From the Inside Out
Q: What is the key to managing freight spend in today’s supply chain? A: Efficiency at every level of the supply chain is of the utmost importance in controlling costs. Carriers and shippers alike need to formulate their strategies based on key performance indicators (KPIs). Making routine a simple action such as generating useful reports […]
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Getting a Handle on Loss and Damage Claims
Q: Why are loss and damage claims a challenge for shippers? A: Global shippers face many challenges when it comes to managing loss and damage claims. The top three are a lack of knowledge about claims preparation and filing requirements (including documentation and time frames); a lack of resources to follow through on outstanding claims; […]
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Best-in-Class Supply Chains Won’t Overlook Freight Payment
As a shipping professional, you play an important role in your company’s physical supply chain. But did you know your role is just as important to your company’s financial supply chain? In today’s global supply chains, encompassing multiple transportation and financial partners, all stakeholders need visibility into transactions, parameters and results of the financial supply […]
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Latin American Logistics: The View to the South
Opportunities abound for U.S. companies selling in and sourcing from Latin America. But trade can be tricky. Partnering with experienced logistics and transportation service providers is often the way to go.
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Chemical Logistics: Delivering Solutions for a Complex Industry
Chemical manufacturers—and the third-party logistics partners that serve them—tackle enormous challenges to keep the $770-billion industry moving.
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Supply Chain Relationship Management
In a world where trucking capacity becomes constrained, relationships matter. Managing those relationships strategically versus tactically can make a huge difference in the viability and reliability of each company’s supply chain. The first ingredient to successful supply chain relationship management is having the ability to measure a supply chain partner’s performance. The next is possessing […]
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Logistics Leadership: The New Spirit of St. Louis
Site selection decision-makers choose the St. Louis area for its central location, outstanding transportation infrastructure, and dedication to pursuing economic growth.
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Keeping Intermodal In Your Sites
Eyeing a new location for your plant or DC? Make sure it’s rail/intermodal accessible, and served by progressive transportation providers.
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The Best of Both Worlds: The Benefits of TMS with Integrated Fleet Management Tools
Q: With transportation management systems (TMS) solutions achieving maturity as a technology, what will be the next innovation in transportation automation? A: The continually tightening trucking capacity in North America is prompting shippers to dramatically increase their use of private and dedicated fleets. Adding to this dynamic, the Federal Motor Carrier Safety Administration’s mandate to […]
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Inbound Logistics: A Grassroots Revolution
Q: Many companies neglect their inbound supply chain operations in favor of their outbound supply chain. Why is that? A: Senior executives are more attuned to customer needs, and, in turn, the outbound, customer-facing supply chain. Its gravity naturally pulls their attention, and, as a result, policies and tactics abound for outbound material flow. This […]
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Understanding the Auto Aftermarket Supply Chain
Q: What are some trends in the automotive aftermarket supply chain? A: One ongoing development is suppliers are increasing their ship-direct activity. They are shipping parts directly to the dealer, or they may ship to a primary distribution center or field DC, bypassing the national distribution center. This approach benefits the shipper during a surge […]
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Stack, Store & Transport: The Indispensable Pallet
Pallets are a vital piece of warehouse equipment for storing and moving products.
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Get Real: What ROI to Expect from Your TMS Implementation
Q: Transportation management system (TMS) solution providers routinely claim their automation tools will deliver cost savings as high as 25 to 30 percent of annual transportation spend. Is this accurate? A: Sales representatives have a tendency to oversell things in their pursuit of new clients. This is problematic for the industry because it discredits TMS […]
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Avoiding Pitfalls to TMS Implementation
Q: What can go wrong when launching a transportation management system (TMS)? A: Implementing a TMS is a proven way to reduce cost and gain control of your organization’s transportation expenses. Yet many companies implement systems only to fall short of the return on investment (ROI) they expected. Sometimes the problem stems from failure to […]
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Untangling the Complications of Free Trade Agreements
Q: Why should companies consider trade agreements when looking to find the best sourcing option? A: Companies need to factor into their sourcing decisions the opportunities provided by free trade agreements if they are to truly reduce lead times and take advantage of cost savings available throughout their supply chain. By incorporating trade agreements into […]
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