On-demand quoting and reverse auctions are two useful tools for controlling shipping costs in the spot market. But shippers sometimes struggle with these scenarios because they’re used to working exclusively with contract carriers. If you find yourself fielding spot market quotes for a one-off shipment, consider using these tools to secure the best possible [...]
Where’s your shipment of widgets right now? Where was it yesterday? Where will it be tomorrow? In three days? At the end of the week? These are pertinent questions any shipper or supply chain manager has on a daily (or even hourly) basis. As the complexity of global supply chains has grown, so has [...]
There’s tremendous pressure on pharmaceutical developers and manufacturers to produce a COVID-19 vaccine. But what most people are only now beginning to realize is that even with a viable vaccine, there’s still an exceptional challenge in distributing it. Factors like cold transport, middle mile delivery, warehousing, and more are all question marks as it [...]
The phrase ‘triple bottom line’ was coined back in 1994 by author and business advisor John Elkington. Since then, companies from every sector, big and small, have adopted and employed it. Nowhere has the concept of the triple bottom line thrived like in the logistics industry, however — today, more than ever. The complexities [...]
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 [...]