Sageview Capital’s Post

2023 was a rough ride for the transportation industry, with carrier bankruptcies and market compression reshaping the sector. These shifts are crucial for future business strategies. Explore this insightful blog by Tom Smith, Director of Supply Chain Consulting at PartnerLinQ, for a deep dive into how these changes affect shippers and carriers, and arm yourself with the knowledge to move forward confidently. Don't miss this essential read! https://hubs.li/Q02m52Bq0 #partnerlinq #shippers #carriers #logistics

Top 5 logistics and supply chain stories you need to know (3/28-4/4) 1. Walmart Commercializes Its TMS: Walmart is offering its Transportation Management System (TMS) to the broader market, exploring the potential barriers to its success (Supply Chain Digest)   2. New EPA Truck Emissions Rules: The Environmental Protection Agency has announced strict new rules for truck emissions, which have met opposition from trucking groups. (Supply Chain Digest)   3. US PMI Ends 16 Months of Contraction: In March, the US Purchasing Managers' Index (PMI) showed growth, ending 16 months of contraction, indicating some improvement in manufacturing activities. (PR Newswire)     4. UPS will become the primary air cargo provider for the United States Postal Service (USPS) under a new contract announced recently. This strategic partnership aims to enhance the efficiency and reliability of mail delivery across the country. The collaboration between UPS and USPS is set to commence, marking a significant step in optimizing postal service operations. (The Load Star) 5. Andrew Huff and Oliver Jones, former Convoy engineers, have launched Manifold Freight, a Seattle-based startup to improve the trucking industry's efficiency, particularly in "spot freight." Their new venture, part of the Y Combinator cohort, seeks to streamline the process for carriers to find one-off shipments, leveraging their experience from Convoy to create a competitive edge in the marketplace (GeekWire). PS: If you’re a logistics professional and interested in AI subscribe to my newsletter that helps hundreds of logistics professionals stay smart with AI & tech: https://lnkd.in/enPsqatu #logistics #supplychain #SCM

We exist because we solve problems for our customers. Together we take a deep dive into your Supply Chain, identify gaps and build a solution around it. 🌍 With 2024 around the corner many companies are looking at their Supply Chain and how they can improve processes. Book a meeting with me on my page or send me a message so we can help you get ready for 2024. #logistiek #supplychainoptimization #supplychain

FedEx vs UPS: Clash of Logistics Titans As the logistics landscape rapidly evolves, industry giants FedEx and UPS are charting vastly different paths to conquer the future. A stark contrast is emerging between their strategies - one laser-focused on operational excellence, the other pioneering cutting-edge customer experiences. In one corner, we have FedEx doubling down on efficiency and cost management. "Our DRIVE initiative optimizes operations for financial stability and growth, even in tough conditions," asserts FedEx President Rajesh Subramaniam. Make no mistake, FedEx is tightening their belts and fine-tuning their well-oiled machine. But across the ring, UPS is taking a radically different approach - putting the customer front and center through bold innovations. "We're transforming capabilities to prioritize end-to-end customer experiences, aligning with our smarter, connected network vision," declares CEO Carol Tomé. UPS is betting big on dazzling servicedeliveries. As FedEx leans into operational discipline and UPS pioneers stellar customer service, an epic clash is brewing. This divergence will undoubtedly redefine excellence standards across the logistics arena. The million-dollar question - in this rapidly evolving landscape, which strategy will reign supreme? Ruthless operational efficiency or boundary-pushing customer-centricity? The stakes are high, and the logistical world watches with bated breath as these juggernauts collide. Want to learn more? Check out the debate --> https://lnkd.in/gzrThnYM

Looking ahead to the next 12 months, what will be the biggest freight tech trend(s)? Our CTO Diep NGUYEN answers that and more in an interview with American Journal of Transportation “Right now there is a huge effort to cut costs across the board – shippers, carriers, 3PLs – anyone who touches the supply chain. Finding ways to improve overall efficiency across the entire network, not just one step is at the top of mind for most shippers. Traditionally most logistics solutions were broken down into first, last, and middle mile with different service providers for each piece of the puzzle. This has caused a lot of fragmentation within the supply chain and inefficiencies.” #innovation #technology #middlemile #logistics #supplychain #freighttech #crossdock Learn more about the insights on the future of freight here: https://lnkd.in/g97V9Kht

We’re thrilled to announce Cargologik's strategic partnership with OpenTrack, bringing unparalleled visibility to the supply chain industry. This collaboration marks a milestone in our commitment to help users navigate the complexities of today’s supply chain disruptions with ease. By integrating OpenTrack’s cutting-edge visibility solutions, we’re offering stakeholders from small businesses to Fortune 100 corporations a new level of control and efficiency. Our combined technology ensures that you can proactively address challenges to enhance operational efficiency and decision-making. This partnership is focused on empowering the supply chain community to thrive amid constant uncertainty. Learn more about how this partnership helps transform supply chain management for the better: https://lnkd.in/gE38dUuH #supplychain #logistics #visibility #shipping #trade #transportation #freight #cargo #tech #technology

How did #BarkBox manage to cut their shipping costs while the rest of us were watching our shipping bills skyrocket? In an era where logistics expenses critically impact financial outcomes, BARK, the company behind BarkBox, showcases key strategies for reducing shipping costs. This is what they did: - Negotiated Better Contracts: They secured more favorable terms with FedEx, United States Postal Service, and Pitney Bowes, leading to a significant $5.8 million reduction in quarterly shipping costs. - Streamlined Carriers: "We renegotiated contracts with our strategic shipping partners," said CEO Matt Meeker, focusing on fewer, yet more effective partnerships to cut costs. - Optimized Warehouses: Reducing their warehouse footprint, Bark has further streamlined operations and decreased expenses. - Adapted to Market Changes: A strategic response to decreased demand led to even more favorable shipping rates. Through these strategies, Bark not only improved their bottom line but also established a blueprint for shipping efficiency. Bark's success in reducing shipping costs underscores the crucial roles of adaptability and strategic planning. Nate Skiver expands on this with 10 actionable strategies, emphasizing the importance of agility in logistics. [Read here: https://lnkd.in/g9-BVuiG] His advice, which includes conducting parcel RFPs and optimizing packaging, demonstrates how to proactively tackle shipping challenges and capitalize on market opportunities. Also, companies like Qurate Retail Group and FIGS underscore the widespread impact of strategic logistics planning. Qurate Retail's adoption of a new parcel contract and Figs' optimization of domestic shipping fees show how strategies can be applied across different sectors, highlighting the necessity of data-driven decisions and a comprehensive approach to logistics challenges. Even in a shipper's market, retailers are pocketing substantial savings with savvy shipping strategies. So, shippers, what's your next move? #retail #logistics #supplychain

Supply Chain Post Mortem: Convoy https://buff.ly/49S5N31 via Kelly Barner of Kelly Barner on Thinkers360 #DigitalTransformation #RiskManagement #SupplyChain

Ever pondered the sheer intricacy of global logistics? It's an elaborate dance of transportation, warehousing, and inventory management. One misstep – welcome to chaos. But mishaps create opportunities. Working with FedEx, I've seen tech's immense influence. It's not just for tracking shipments, it's a wizard optimizing routes, slashing fuel use, and cutting costs. E-commerce's next chapter is penned by consumer hunger for speed and steadfastness. Let's salute our unsung heroes - the fleets on roads, seas, and skies. In logistics, error is a luxury we can't afford.

In this environment, Tive truly shines—delivering solutions that ensure shipment safety, quality, and timeliness without sacrificing diversity. By converting the unpredictable into a strategic advantage via advanced technologies such as real-time visibility, Tive supports businesses and simultaneously revolutionizes their logistics approach, empowering them to pivot with agility, minimize risks, and elevate the shipping experience for their customers. https://hubs.li/Q0223qCy0