Supply Chain

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Product Review : Centersource Platform

by Categories Digitalisation, Logistics, Product Review, Shipping, Supply Chain, Technology, Trade Tags , , , Leave a comment Estimated reading time = 11 minutes
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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..

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The future of pharma and medical supply chains in the COVID-19 era

by Categories Blockchain, Digitalisation, Supply Chain, Technology Tags , , , , , Leave a comment Estimated reading time = 4 minutes
promote your webinar through shipping and freight resource

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..

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Make your supply chains efficient and responsive during and after COVID-19

by Categories Opinion, Shared Articles, Supply Chain Tags , Leave a comment Estimated reading time = 5 minutes
Shipping and Freight Resource Press Release

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?

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50% of participants do not use any software for freight management – Freight Industry Survey

by Categories Supply Chain, Technology Tags , , Leave a comment Estimated reading time = 1 minute
Haven freight technology survey results

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..

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Navigating Supply Chain Complexities – Executive Insights with Steve Kranig

by Categories Executive Insights, Interviews, Supply Chain Tags , , 1 Comment Estimated reading time = 6 minutes
Executive Insights - Shipping and Freight Resource

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..

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Synopsis of the webinar on the future of global supply chains

by Categories Information, Supply Chain, Trade Tags , Leave a comment Estimated reading time = 11 minutes
synopsis of the webinar on the future of global supply chains - shipping and freight resource

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.

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4 industry executives look into the future of global supply chains

by Categories Freight, Opinion, Shipping, Supply Chain Tags , , 1 Comment Estimated reading time = 3 minutes
Webinar

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.

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Investing in freight technologies – are you ready..??

by Categories Digitalisation, Supply Chain, Technology Tags , , , 2 Comments Estimated reading time = 1 minute
investing in freight technologies

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..

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How to mitigate your losses and achieve cost saving

by Categories Freight, Marine Insurance, Supply Chain Tags , , Leave a comment Estimated reading time = 5 minutes
cost savings

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!

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42% will change supply chain strategies post COVID-19 – Impact Survey

by Categories News, Press Release, Supply Chain Tags , , 1 Comment Estimated reading time = 6 minutes
COVID-19 supply chain impact survey results

Global Supply Chains are very important in linking various countries to international markets facilitating global trade.. Modern day supply chains come with great opportunities but also pose some challenges which can test some of the best built and run supply chains..

One such challenge that is testing the world currently is the COVID-19 pandemic which came into limelight in December 2019.. This pandemic which has spread to every country around the world has caused/is causing major economic and social disruptions with far reaching impacts on global supply chains..

To understand the impact of this pandemic on the supply chain, we conducted a survey to measure the effect and impact of the coronavirus pandemic on global supply chains.. It collected and analyzed data on three key aspects – Impact, Preparedness, and Recovery..

Here are the results of this survey..

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COVID-19 Pandemic – Supply Chain impact survey and results

by Categories Supply Chain Tags 2 Comments Estimated reading time = 2 minutes
Survey - Shipping and Freight Resource

If you are from the Supply Chain industry and are active in global shipping and logistics we need your assistance and professional insights..

As we have seen, the COVID-19 pandemic that came into the limelight in December 2019 has now spread to every country around the world.. This has caused major economic and social disruptions with far reaching impacts on global supply chains..

In order to achieve a unified approach and to help the community/industry understand and fight the pandemic, we need your assistance and professional insights.. Your insights will help us to help you in understanding more about the pandemic and how we as an industry can all work together to get through this pandemic as soon as possible..

We have set up a short survey sponsored by Ocean Insights –  The Container Tracking Data Provider to analyze the Impact on the industry and its Preparedness to the COVID-19 pandemic.. Your responses to the survey are imperative in determining the way forward for global supply chains..

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