Tag: Shipping
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 […]
USMCA – What is It and How Does It Impact the Shipping & Logistics Industry?
What Is USMCA? The United States-Mexico-Canada Agreement (USMCA) is the new trade deal between the three countries. It is set to replace the North American Free Trade Agreement (NAFTA) which was in effect since January 1, 1994. As on date, the new trade agreement has already been approved by the Senate Finance Committee and it is […]
Shippers Growing Success With 3PLs
The 24th Annual Third-Party Logistics Study for 2020 has been released and it shows a growing success between shippers and their 3PL partners. “The majority of shippers, 93%, report that the relationships they have with their 3PLs generally have been successful. A higher number of 3PLs, 99%, agree that relationships have generally been successful,” the […]
Can Advanced Analytics Put a Pin in OTIF?
According to the 2020 Third-Party Logistics Study, data analytics is not only becoming more viable in the logistics industry, but it’s also becoming a necessity and make a difference. With the growing storm that is e-commerce, brick and mortar retailers have had to step twice as fast in order to stay in the game. Especially, […]
The Definition of Transparency
As companies mature and the market changes, our understanding of crucial operating components of any industry has also grown. Supply chain transparency, in particular, has come a long way over the past twenty years. Transparency within the supply chain has gone from an unrecognized concept to a focus item for the C-Suite across a vast […]
Trade War Review: History and Time Prove to Be Great Teachers
There is a sense of uncertainty that is settling over the trade industry in the United States. With the Trump administration slamming tariffs down on Chinese goods, the market is starting to get uneasy. A similar threat levied at goods made in Mexico, which added to the tension but that has been settled, at least […]
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 [...]
3PL’s Might Bridge the Gap in a Revenge Market
We’ve all heard that turnabout is fair play but in the trucking market, that mentality could make for a vicious marketplace. Of course, no one likes to pay any more for a service than they have-to, but given the fluctuations that happen within the freight market it’s all part of the game, right? The [...]
7 Benefits of Outsourcing Logistics to a 3PL
7 Benefits of Outsourcing Logistics to a 3PLShow SubmenuResources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - March 13, 2019 To outsource logistics or manage it internally is a major point of consideration for organizations. The decision is usually arrived at after extensive cost-benefit analysis of both the alternatives. While the [...]
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. […]
Different Freight Types, Different Risks and Rewards
When it comes to running your business, it can be difficult to identify points of improvement, leading you to believe that things are as good as they can get, but in a climate of rising logistics costs, making sure that your operations are running as smoothly and efficiently as possible, can mean the success or […]
BlueGrace VP Randy Ofiara on WGN Radio
BlueGrace VP Randy Ofiara on WGN RadioShow SubmenuResources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - September 21, 2018 The news for the week was Tesla, but isn’t it always? This time the discussion was around Elon Musk’s comments about being in “logistics hell” and his company’s inability to get the [...]
Understanding the Capacity Effects of the ELD Mandate
Want a Free Supply Chain Analysis? Carriers in the trucking industry are still adjusting to the growing pains of the federally mandated electronic logging devices (ELDs) following implementation deadlines earlier this year. For many carriers, even with deadlines in the rearview mirror, there is still confusion around the details of the mandate. Even those who […]
Tight Capacity Ahead
It’s a good time to be a carrier. With markets running hot, carriers have ample opportunities to pick up freight and can be choosy about which ones they take. From the most profitable lanes to the highest price loads, carriers have been running the game and raking in some serious revenue, as much as high [...]