Say there is a myriad of tools for supply chain now, with fancy words of visibility and agile. But how do you know what drives value for your organization? Based on recent McKinsey & Company studies on supply chain tools, here are the clear pointers on how to assess two crucial business metrics for a tool: creating value and preventing value leakage.
Freightonomics
Transportation, Logistics, Supply Chain and Storage
Your Everyday Freight Pricing Routine, Simplified!
About us
The go-to community for freight pricing professionals to gain exclusive access to critical market insights, competitive rate intelligence, peer networking, and tools to increase your win rates.
- Website
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www.freightonomics.co
External link for Freightonomics
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 51-200 employees
- Headquarters
- Singapore
- Founded
- 2016
Updates
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Following the expert opinion on topic for "Post-Pandemic Landscape for Freight Procurement Managers", where Michael S. Nielsen highlighted the complexity of the current environment, fluctuating rates, and the diversification of services by ocean carriers here - https://lnkd.in/gEgpKEva, what are your sentiments of the market?
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Michael S. Nielsen, a seasoned FreightTech advisor and co-founder of INTTRA with over 30 years of experience including key leadership roles at A.P. Moller - Maersk, shares insights in his latest, "The Post-Pandemic Landscape for Freight Procurement Managers." He explores ongoing challenges and trends in freight procurement, discussing the complexity of the current environment, fluctuating rates, and the diversification of services by ocean carriers. Michael emphasizes the crucial role of technology and innovations helping procurement teams make informed and faster decisions. Read the full article here: https://lnkd.in/gEgpKEva
The Post-Pandemic Landscape for Freight Procurement Managers
community.freightonomics.co
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9 global Carriers have introduced new schedules and services from Asia to US and Europe from Mid June. Mid-June brings new shipping capacity up by 25%, however leaders shift profit center guardrails from point of sale to rate procurement. What's prompting the change? Know More: https://lnkd.in/gYkH9jA6
What prompted forwarding leaders to shift profit center guardrails from point of sale to rate procurement?
freightonomics.co
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📦 What's Inside This Week's Freightonomics Newsletter? 📈 This week's newsletter tackles two critical topics that business leaders are gearing up for: 1. Looming US Intermodal Container Shortages: Container availability for inland movement within the US is going to be disrupted by fast reload back to transpacific routes. What are the issues in last mile delivery to plan with before quoting? 2. New Capacity Injections but Shift in Profit Centers by Leaders: Mid-June brings new shipping capacity up by 25%, however leaders shift profit center guardrails from point of sale to rate procurement. What's prompting the change? #FreightProcurement #SupplyChain #Logistics #Shipping #PortDisruptions #SupplyChainManagement #GlobalTrade #FreightRates #PricingStrategy
US container shortages & Profit center shift from sales
Freightonomics on LinkedIn
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We're thrilled to kick off our weekly newsletter dedicated for Freightonomics followers and for simplifying pricing teams worldwide, one rate at a time. This week, we're delving into two critical topics for freight procurement teams: 1. Port Disruptions 2. Why shippers are shifting focus beyond freight costs? #FreightProcurement #SupplyChain #Logistics #Shipping #PortDisruptions #SupplyChainManagement #GlobalTrade #FreightRates #PricingStrategy
Shifting Perspectives in Procurement
Freightonomics on LinkedIn
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Shippers have started looking beyond price tags. As space and equipment shortage deepens, everyone is already paying a premium cost, and the frenzy of daily fluctuations has created a sense of pandemic-era panic. But shippers are seeking clarity on multiple terms now from the hard lessons learned in COVID. What should a freight procurement team need to prepare now, and what does it take to impress customers beyond the lucrative costing models? Here are the 5 major areas now expected from service providers to focus on while delivering a quote - https://lnkd.in/gnedGHEb #FreightProcurement #ShippingChallenges #SupplyChain #CustomerExpectations #LogisticsSolutions
Beyond Freight Costs: 6 Factors Influencing Your Customer's Decision
community.freightonomics.co
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With growing concerns of port disruptions now in Charleston and Savannah of North America, Antwerp and Rotterdam of Europe, Melbourne of Australia, and various ports worldwide facing challenges such as congestion, weather-related delays, and operational inefficiencies, the global logistics landscape faces unprecedented challenges. These disruptions pose a significant threat to supply chains, amplifying costs and compromising reliability. What are the key risks that affect freight pricing and how freight pricing teams are preparing to face these risks? Learn more about the recent port disruptions and the 5 risks you can avoid for your shipments: https://lnkd.in/grUdpcxw #PortDisruptions #SupplyChainChallenges #LogisticsIssues #GlobalTrade #FreightForwarding #PricingStrategies #RiskManagement
5 Risks Freight Pricing Teams Face in Port Disruptions
freightonomics.co
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In a freight forwarding organization, pricing remains one of the last areas to undergo digital transformation. Many pricing teams still rely on manual processes to manage and discover freight rates, creating bottlenecks that hinder efficiency and adaptability. But we can’t really blame them, now. Can we? The main challenge in adopting digital alternatives is the ease of use and the ability to adapt to evolving market needs, especially for teams that can't readily go for big, expensive solutions. Discover Freightify's RateGPT, the conversational AI freight rate discovery solution. This can be simply explained as an AI companion searching the entire array of ocean carriers, airlines and NVOCCs to find rates that perfectly match your customer's needs. Agility of having this tool handy makes a forwarder ready for market at anytime, anywhere. Search for 15 inquiries at no cost with the exclusive access given for Freightonomics members here - https://lnkd.in/g6baynYZ #freightpricing #ai #digitaltransformation #supplychain #technology #usercentricity #freightforwarder #gpt
Is the future of Freight Pricing already here with AI?
freightonomics.co