If you haven’t been keeping up with supply chain management news, it’s important to know that 2022 is bound to bring challenges to logistics, shipping ports and businesses across the West Coast. United States dockworkers and their management systems are about to engage in contract negotiations that could go on for months beginning with ILWU. […]Read More
SCFI spot rates have now dropped to $3,050/FEU to US WC and $3,545/TEU to Europe. Overall spot rates are down 27% from a month ago. At this point most shippers who signed contracts on the major global trade routes are looking at spot rates much lower than their contract rates. Many are wondering if they […]
Investment will accelerate the development of digital infrastructure for the global shipping industry. September 14th, 2022 – NYSHEX, the leader in ocean contract performance technology, announced a $25 million Series B funding round led by Collate Capital. In addition, Blumberg Capital, Goldman Sachs and New Road Capital participated, bringing the company’s total funding to $69 […]
As noted by Shopify, businesses are searching for new ways to succeed in an evolving delivery economy, with e-commerce sales expected to crest $5 Trillion in 2022 and reach a staggering $6 Trillion by 2026. Yet, growth isn’t isolated to e-commerce. Change is occurring everywhere in the industry. However, shippers still struggle to handle the […]
With 95% of consumers now considering fast shipping as “delivery done on the next day,” according to FreightWaves, businesses are under more significant pressure than ever to provide fast, affordable delivery. However, this unprecedented demand for lightning-fast shipping comes amid a capacity shortage that’s disrupting supply chains and driving higher wages for drivers. Forced between […]
With 69% of customers saying they won’t shop with a retailer again if their package isn’t delivered within two days of the expected date, according to SupplyChain24/7, it’s more important than ever for businesses to deliver packages on time. However, antiquated logistics technology can make it difficult for businesses to stay on top of their […]
Poor allocation management solutions can lead to massive cost increases across the supply chain. Despite these costs, many companies still rely on legacy processes and inefficient means of managing data. As reported by McKinsey & Company, “Close to three-quarters of supply-chain functions rely on the simplest method [of managing allocation]: spreadsheets.” Working with old-fashioned spreadsheets […]
Proper supply chain optimization begins with standardization. The frantic growth of the supply chain and congestion of trade lanes has made it more difficult than ever for logistics businesses to manage their contracts and allocation effectively. Even with a set number of ocean carriers operating, shippers can quickly lose track of their total contract allocation, […]
Allocation management remains a challenge for many shippers. According to Inbound Logistics, 48% of shippers rate their forecasting technology as average to very poor. While that statistic may have improved, current forecasting solutions leave much to be desired. Facing unprecedented demand for fast, timely shipping, today’s shippers need a better way to manage their contracts […]
For BCOs, managing their allocation has always been a struggle due to the many variables that can result in shortfall and missing out on containers they contracted for. As explained by McKinsey & Company, the “ability to forecast demand and determine how to meet it has been further challenged by supply chains’ increasingly global scope. […]
The global supply chain continues to endure massive challenges, including lacking capacity and failure to utilize such capacity fully. According to the Drewry World Container Index, rates declined in early June 2022 to $7,625.56 per 40ft container (FEU). While that’s a positive movement, it’s still radically higher than the five-year average of $5,214. Meanwhile, demand […]
Everyone agrees that the world has changed in recent years, so why haven’t ocean freight contracts? Learn about the future of ocean freight contracts today.
How can companies protect themselves from the unknown in the constantly evolving ocean transport industry? Learn more today.
The freight management world continues to experience disruption after disruption. From late 2021 through early 2022, world container rates soared beyond imagination. In response to any disruption, new logistics technology offers a solution. All companies want growth and success, but that growth must not sacrifice the facts behind all interactions, whether that’s transport contracts, 3PL […]
Come foggy waters, a lighthouse can guide a ship safely to port. In logistics, visibility is vital, and we’re not talking only about navigation. Poor visibility with freight allocation leads to mediocre optimization, with valuable space wasting away unused or shipping times slowed as carriers wait for holds to fill up. The result? Inefficient networks […]
Technology solution removes risk, providing a predictable, efficient system for global commerce New York, New York – NYSHEX, the leader in two-way committed contracts, today announced revenue growth of 340 percent in 2021. In addition, shipping volumes more than tripled and the company grew its global footprint with the opening of a London office and […]
The Supply Chain 4.0 Following the early 2000’s, the digital revolution began impacting nearly every industry across the global marketplace. Over the last decade, it has begun to infiltrate the supply chain space more heavily. The developments in logistics technology and supply chain management have been dubbed the “Supply Chain 4.0.” In short, Supply Chain […]
As many in logistics are aware, protecting your supply chain is crucial to both inventory management and overall business continuity. An efficient and optimized supply chain paves the way for significant cost savings, improved profitability, and a higher level of customer satisfaction and service. Conversely, disruptions to your supply chain can have a catastrophic impact […]
Back in 2017, the landscape of the shipping world rearranged yet again as ten of the major carriers in the maritime industry coalesced into three distinct carrier alliances. Today, nearly 80% of the global carrier market operates within these alliances. Understanding these alliances, how they function, and the impact they have on the supply chain are vital […]
Learn how BARK used NYSHEX to meet their allocation in-full in 2021 and get ahead of challenges at both destination and origin.
In order to know where we’re heading, we have to know where we came from! In our latest podcast, Don Davis sits down with Caroline Weaver, Account Manager at NYSHEX to discuss the history of container shipping and what we can learn from the past. In the episode, you learn about: And much more!
With all the market challenges and more to come, shippers need to be proactive to avoid future disruptions. Join our upcoming webinar to learn why shippers are starting to sign multi-year contracts to rebuild confidence and stability in the supply chain operations and create an…
The shipping industry has changed, and reliability has suffered. As an ocean procurement executive, however, your objectives to contract competitive freight rates, minimize spend deviations versus forecasted budget, and ensure cargo arrives on time have not changed. In this white paper, Chuck McDaniel, former Global Logistics Procurement