Google Selects project44 as First Real-Time Visibility Provider for Google Cloud Supply Chain Twin Solution. This partnership integrates project44 analytics into Google Cloud’s new Supply Chain Twin solution to improve transportation efficiency and inventory management for world’s most progressive supply chains.
A dramatic increase in the prevalence of supply chain pain points has presented an opportunity for innovation and collaboration, whilst underscoring the importance of digital solutions in the timber logistics sector.
Timber companies used the term “pain point” to refer to an inefficient port or a particularly cumbersome customs authority.
These pain points stood out because they were isolated pockets of inefficiency, delaying an otherwise well-functioning network that carried everything from raw materials to finished goods from one corner of the world to the other.
Over the last year, that has all changed. Pain points became endemic.
Theft of cargo in transit remains highest among all types of cargo theft in 2020. This is one of the trends identified in the annual cargo theft report released by … Read more here..
Join Tim Crumley, Vice President of Global Logistics at Sysco International Food Group, Robin Jaacks, Chief Commercial Officer at Ocean Insights and Sarah Barnes-Humphrey, Founder and Host of Lets Talk Supply Chain in a webinar on “How Visibility adds Value to Food Logistics” where they will discuss issues facing the food logistics industry such as port congestion, carrier capacity, equipment shortage and lack of transparency on shipment statuses and how to manage them.
A question from a reader about an issue with a certification agency which lead to the reader’s containers being stopped by customs in China.. Comments welcome..
Integrating visibility into your supply chains is no longer a luxury, but has become a necessity – especially considering the intermodal activities that are required in the global market place of today..
Since the time the need for real time visibility and the accrued benefits came to light (just under a decade ago!), there has been a huge rush and demand from customers who are clamoring for more information – they want more data, more visibility and quickly..
Customers today require authentic and visual data to see how their products are moving, identify bottlenecks in their supply chain, and correct for where avoidable costs like demurrage, detention and storage are being incurred..
Ocean Insights & FourKites will be discussing all of the above and more, in a webinar titled, “The ROI of Integrating Visibility into Your Door to Door Supply Chain”..
Timber is one of the most common and popular forestry products shipped around the world, in various forms, using general-purpose ships, specialised log carriers, and also in containers..
The global export value of just Sawn Timber Softwoods (one of many different types of timber and forest products) is reported to be around $22 billion out of a total forest product export value of around $270 billion..
Due to the nature of the commodity, timber is usually moved in large quantities across various trade lanes and there are several processes to be followed for the shipment..
Right from order placements, creating the required documentation, transferring the same, booking the cargo with the lines, monitoring the movement of the same and ensuring the supply timelines are met, there are many intricate processes involved..
Many of these processes are still done manually, which results in inefficiencies in the business..
As per industry research, people spend a lot of their daily time on below points
- 40% of their time trying to calculate CIF prices for the product
- 25% sending offers
- 65% drafting documents
- 40% sharing information and trying to stay up to date
- 20% tracking and tracing their shipments
- 80% of those interviewed said they use Excel or Shared Folders to organise their shipment deals and files
- 100% said they communicate using phones and email
- 100% rely on free-tools (not always the most reliable) to track shipments
- 64% of the respondents said sharing or collecting market updates is their largest problem
What if there is a platform that says you can do all of the above seamlessly and more efficiently..
As per Centersource, their Timber Exchange platform can do all of the above and even save you money while doing it.. Here is my review of their platform..
Supply chain is often described as the vital and crucial link required to get the product from the manufacturer to the market place for ultimate consumption by the consumers..
While this is a simple enough definition or explanation, it is not as easy as it sounds, especially in specialised industries like Pharmaceuticals..
ShipChain is bringing together some of the experts in the supply chain and pharmaceutical industries to understand the past, present, and future challenges for pharma and medical supply chains in the COVID-19 era..
The expert panelists will examine how supply chains will need to adapt in order to weather the storm caused by this pandemic and the future of pharmaceutical and medical supply chains..
The sheer magnitude and unpredictable nature of the novel coronavirus COVID-19 has put even the best, most established businesses on shaky ground.
All the best laid plans have had to be revisited and brought back to the drawing board. Businesses have had to adopt a ‘reactive’ approach and go into fire-fighting mode to stay afloat.
There have been questions like “How can supply chain performance be improved in order to ensure that it is responsive and efficient in meeting the needs of final consumers during the pandemic“.
So, what are the lessons that have been learnt? Are we wiser from our experience of this kind of disruption and can we use these learnings to make our supply chains more resilient?
50% of participants do not use any software for freight management..
This is the result from a Freight Industry Survey that we ran on this site.. The results of the survey seems to highlight the progress that still needs to be made in the industry in this area..
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights and thoughtful analysis..
This series features selected individuals from the industry and is aimed at enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics, and supply chain industry..
Executive Insights also gives you a chance to pick the brains of these industry veterans, leaders, and enablers..
In this edition of Executive Insights, we caught up with Steve Kranig, Director of Logistics IM-EX Global Inc., about navigating supply chain complexities..
The latest WTO statistics say that world trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world. A resilient supply chain is essential to ensure a strong global trade.
Our survey on the impact of COVID-19 pandemic on the supply chain industry revealed how vulnerable the industry was with the results showing that 35% of the market was totally unprepared for it and 59% of the market was severely impacted by it.
Based on these results, on the 4th of June 2020, we organised a Webinar sponsored by Ocean Insights on how the future of global supply chains would look.
This webinar, hosted by Eric Johnson, Senior Technology Editor of the JOC featured Steve Kranig of IM-EX Global, Inc., Pritam Banerjee of Asian Development Bank and Robin Jaacks of Ocean Insights as panelists.
For those of who missed out on this insightful and informative webinar, here is a synopsis of what was discussed.
COVID-19 is probably the world’s most disliked word currently due to the rampant economic disruption it has wreaked on the world. All countries and all businesses around the world have been affected by this pandemic.
The supply chain industry is one industry that has also been affected severely. The industry has seen a massive drop in volumes, congestion both on land and at sea, job losses etc, although ironically this is one of the industries that has and is helping to fight this pandemic through its movement of essential goods like medical supplies, food and PPE.
At the end of March 2020, we set up a short survey sponsored by Ocean Insights to analyse the impact of the pandemic on the industry and its preparedness.
12,000 clicks of that survey and the analysis and a 95% engagement rate told us that in times of strife, people want to come together, understand what is going on and help each other out of this situation.
So, we got together a team of executives to discuss these issues in a webinar moderated by an equally celebrated and astute industry journalist.
COVID-19 has created an unprecedented disruption in the global supply chain.. 67% of supply chain professionals say that investing in freight technologies is the only way forward.. Take this quick 5-minute survey to check your readiness..
The world is in the midst of the COVID-19 pandemic and the global economy has been greatly hit due to this. You may agree that during such time, it’s important more than ever to find ways for saving costs and take all measures possible to safeguard your business.
As a small or midsize business, there is no doubt that you are familiar with the stress of operating on tight margins, and you know how valuable even a small percentage of cost-savings can be to your bottom line.
However, what many small businesses don’t realize, is that their supply chain – particularly when it comes to imports – can be a significant source of cost savings!