What are Demurrage Charges? Shipping lines either own or lease containers, which they give to their clients (shippers or traders) for secure and timely delivery of their merchandise. Because the cost of operating the container during door-to-door transportation is added to the shipment, shipping lines must turn their containers around as quickly as feasible. As…
As we are halfway through the first quarter of 2022, the supply chain continues to struggle to deal with several old and new crises. In particular, dealing with the increasing ocean freight rates has become a major challenge. Many shippers are searching for ways to navigate this crisis, which is here to stay for at…
The ocean moves over 90% of the world’s goods, and most of these sea shipments move in containers. To accommodate the wide variety of goods, there are different types of shipping containers, each used to serve a specific purpose. These containers play an integral role in global trade and ensure that cargo makes it to…
A common thread that runs across the world’s winning supply chains is their ability to build and manage relationships. By mastering the art of supply chain collaboration, these companies have been driving cost savings and process efficiencies. But what does supply chain collaboration mean, and how does it fit into present-day supply chain management? In…
Whether you are a big company with thousands of shipments per month or run a small business with few shipments occasionally, efficient freight negotiation with shipping companies is crucial to your bottom line. If done right, it is the simplest way to drive cost savings every time you ship. Being in control of how much…
For companies with an import-export-oriented business, reducing transportation costs has always been a critical priority. While traditionally cutting down on transportation costs was quite a challenge, various technological advancements have made it possible to manage transportation costs better and drive savings. Today, there is a wide range of ways in which you can optimize transportation…
Shipping analytics software in logistics is of huge importance. The logistics and supply chain industry are among the most dynamic and complex industries involving several bottlenecks, movement of assets, reliance on third parties, etc. Above all, the industry is prone to disruptions and more particularly unforeseen events, making a solid case for why companies are…
The key goals of every supply chain professional are to optimize operational efficiency and reduce logistics costs. Mismanagement in logistics can often result in excessive expenditures, delivery delays, missed deadlines, and damaged goods. Needless to say, if you want your company to stay financially viable and drive profitability, you must prioritize efficient planning and strategize…
Supply Chain has been changing rapidly and to stay ahead of the competition you need to know everything about the best supply chain tools. To meet the needs of global supply chains which are growing both, in size and scale, it’s vital that organizations rapidly adapt to the changing landscape of the industry and gain…