Global Shipping Trends: What to Expect in 2018 | Transportfolio
Overall, 2017 has been a good year for the ocean shipping industry. It’s a big switch from 2016, when the bankruptcy of Hanjin, one of the largest container shipping providers, forced everyone to confront how volatile this industry really is. Now, at the tail end of 2017, we are starting to see most carriers’ operating margins improve, driven mainly by robust demand, positive inventory developments, and higher rate levels. While this is very positive for the shipping industry, you have to wonder. Will the positive recovery continue? Or is this simply part of the cycle we’ve experienced between 2008 and today—a vicious cycle where carriers are truly profitable for only 3 to 4 years at a time?
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Not having certain products delivered to your store in time for key sales windows can be a major blow to your bottom line. Not only do you miss out on large numbers of sales, but you also disappoint customers and cause them to find what they need at a competitor’s store instead.
Thus, you work hard to avoid this situation and probably put a lot of energy into inventory forecasts and designing your supply chain accordingly. However, whether your plan is highly detailed or a one size fits all approach, it’s critical to consider how unique products and transportation requirements could cause hiccups in your supply chain.
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Food and Beverage, Freight Services, Global Transportation, Over the Road, Produce Sourcing, Temperature Controlled
3 Questions to Ask Your Global Logistics Provider | C.H. Robinson
Today, your supply chain is probably global–whether you buy product from overseas or sell in other markets. But how well positioned is your global logistics provider to help you maximize your business opportunities? How do you know they’re the best ones to handle your business requirements? I’d recommend you ask potential providers these questions to narrow the field. The answers can reveal how qualified those providers are to help you surmount challenges and realize the outcomes you’re looking for around the world. » Read More
Global Forwarding, Global Transportation, Technology
Identify Cost Savings in Your Oil & Gas Supply Chain
No doubt, oil and gas supply chains are changing. Concerns about sustainability have driven developments in innovations like electric cars, beginning to reduce the demand for oil and gas worldwide. This, in addition to other ever-shifting global market and government factors, has caused oil and gas prices to go down in recent years. » Read More
Oil and Gas, Supply Chain
What is Supply Chain Technology and Why is it Important? | C.H. Robinson
Supply chain visibility is the ability to track different goods and/or products in transit, giving a clear view of the inventory and activity. It enables shippers to improve customer service and cost controls through management of inventory in motion, proactive status updates, limiting disruptions and risk mitigation. As a result, the supply chain will become stronger and more agile in the process of having good visibility.
The goal of supply chain visibility is to gain advanced insights on how your supply chain works, while reducing risk. Pair those insights with collections of user data, and you are left with a supply chain that can be optimized to be as efficient as possible.
With a third-party logistics provider like C.H. Robinson, shippers like you can improve customer service, reduce costs, and build a stronger supply chain. In this post, we’ll dive into the details of how exactly this is achieved.
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