Tag: Truckload
The Key to Managing Disruption? Outsourcing.
Crises such as the COVID-19 outbreak and the subsequent disruption to our economy and supply chains have truly brought to light the importance of effective risk management. In a world where normally reliable trade partners are shutdown for weeks or ports are closed or workers are furloughed, companies that were one minute functional are now scrambling for solutions to move goods from manufacturing […]
The Impact Of The Coronavirus On Surface Freight
Recall that at the beginning of the year, industry experts expected the surface freight spot market would gradually increase to make up for its decline over the past year. Every publication on the planet was encouraging shippers and logistics service professionals to start thinking about renewing their interest in contracted freight rates that would help […]
What Matters Most When Choosing A 3PL: Cost Or Customer Service?
While there are many factors to consider when choosing a 3PL service provider, cost and customer service are two of the most critical factors. Finding the right balance is the ultimate chicken and egg situation for all logistics managers. If they can crack this, they can get a step closer to creating a better and more [...]
CEOs Should Be Focusing on Their Supply Chain
As Jeff Bezos, CEO of the e-commerce juggernaut once said, “When [executives of other companies] are in the shower in the morning, they’re thinking about how they’re going to get ahead of one of their top competitors. Here in the shower, we’re thinking about how we are going to invent something on behalf of a […]
How the CFO Can be a Change Agent in the Supply Chain
How the CFO Can be a Change Agent in the Supply ChainShow SubmenuResources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - May 7, 2019 Managing cash flow, planning the financial outlay, keeping the balance sheet in order, and ensuring all financial compliances are met are a CFO’s core job function. But [...]
The State of Your Supply Chain Affects the Level of Your Inventory
Inventory is the core of any business. The right inventory, at the right time, at the right point in the supply chain is crucial for the success of the business. For example, the shortage of raw material at the factory will affect production. If warehouses are not replenished on time, distribution will be derailed. If [...]
Controlling Costs and Preventing Accessorial Loss
Want A Free Supply Chain Analysis? Controlling costs is critical for any business to be successful. When working with a supply chain, the more complex it is, the more chances there are for additional costs and surcharges, any of which can cost your company a great deal of extra money. They are any […]
Will 2019 Be a Carrier or a Shipper-led Market?
Trucking is a cyclical business. There are periods of intense growth followed by a lull and then there are periodic seasonalities which may vary from one industry to another. How long each period lasts depends on the internal and external factors that greatly impact the trucking industry. International trade policies and volume, capacity, manufacturing industry’s […]
How to Build an Effective Logistics Communication Process
How to Build an Effective Logistics Communication Process Show SubmenuResources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - February 28, 2019 Communication is a vital aspect of building a successful business. An effective communication process ensures that information flows seamlessly between departments and amongst the various teams on time and in a [...]
Tips for Becoming a More Strategic Shipper
Want A Free Supply Chain Analysis? While there are a lot of buzzwords in the logistics industry, it may be surprising to some but “business strategy” is not among them. Every company needs a strong plan of approach and a method of conducting business that will put them in a more advantageous position. […]
What will 2019 bring for the trucking industry?
What will 2019 bring for the trucking industry? Will there be a capacity crunch, demand – supply imbalance? Will the rates increase or will they remain steady? What would be more cost effective – booking spot rates or negotiating contract rates? How will the changes in the trucking industry impact a shipper’s business? Knowledge of […]
Urban Logistics is Growing
We are witnessing one of the most interesting times in the development of logistics. Shippers and Carriers alike are working towards creating, innovating, and performing all out (and much needed) overhaul of the way we look at delivering packages. Online and legacy retailers both are encouraged to work with their logistics partners to not only […]
Your Role in the Digitally Dominated Future
In 2018, the world is more connected than it has ever been before. With the advent and popularization of smartphones, we are able to instantaneously make connections all over the world in ways unimaginable just 20 years ago, before we knew the names Facebook, Twitter, and Amazon. Today, these platforms not only heighten our social […]
Make Logistics Your Strategic Advantage
The November 1977 issue of Harvard Business Review carried an article titled “Logistics – Essential to Strategy”. Citing reasons such as “a decline in the growth rate of domestic markets, large incremental costs of energy, and an increasing emphasis on multinational markets in corporate strategies”, it foretold that logistics will become an essential part of the “corporate strategy of the future”. There […]
Connected Logistics is the Future of Global Trade
According to reports, the connected logistics market is set to grow at a CAGR of 30-35 percent by the year 2021. In the next 2 to 3 years, analysts predict the connected logistics industry to be worth USD 40 – 50 Billion. It is expected to change the entire landscape of the global supply chain. […]