In the Wake of COVID-19, Digital Transformation Builds Supply Chain Stability
Simply looking at the global economic landscape is enough to see that COVID-19 has and continues to cause great disruptions. According to the World Economic Forum, Chinese exports fell more than 13% in January and February. Since then, in March, April, and May, the U.S. economy has contracted by as much as 4%. Even as businesses open back up [...]
A TMS is just one weapon in an efficient supply chain
Many shippers believe a transportation management system (TMS) will streamline their operations and lead to greater profit. And in some cases, it will. But a robust TMS should be just one part of the broader supply chain efficiency mission.
Beware Bill of Lading Problems That Could Lead to Invoicing Discrepancies
When it comes to determining the shipping rate for a particular load, many factors come into immediate consideration. While mileage and carrier fees set the tone for the nature of the rate, ultimately, the Bill of Lading (BOL) will have the biggest impact on the cost of goods transport. Unfortunately, this is the source of major discrepancies for invoicing [...]
5 Common Problems with Freight Data and Their Impact on Carrier Selection
It’s easy to make a confident, data-backed decision … but that decision won’t be a good one if the data you use to justify it is wrong. It’s a predicament even the biggest companies face when choosing freight carriers. Even with a huge database of potential partners, stacks of request for proposals (RFPs) and bids, and all the information needed [...]
How Coronavirus Decimated Global Supply Chains in Under 90 Days
Few things have the devastating potential to disrupt global economies like an unchecked pandemic. Now, we’re in the midst of one. In the span of 90 days, Coronavirus (COVID-19) went from Chinese epidemic to the catalyst for global recession — with rippling effects still to follow as the virus spreads. Outside of health complications and social panic, Coronavirus’ significant [...]
Freight Experts Outline the Path to a Trucking Revival in the U.S.
The 1970s are widely considered the golden age of trucking. Built in the 1950s, the highways were little more than two decades old, the economy was on the rise, and drivers were eager to hit the open roads. Today, it’s a different story. Highways are in disrepair, the economy is volatile, and the roads are more congested than open. The [...]