The power of data: using analytics to get smarter
Successful leaders in transportation industry organizations recognize the value of leveraging data analytics. Doing so can help logistics professionals plan shipments more efficiently and utilize resources more wisely. Also read: Resilinc's latest data shows that the number of supply chain disruptions will surge by 30% in the first half of 2024 It is useful to study real-world applications and strategies to better understand how companies can use data-driven insights to optimize operations, enhance decision-making, and ultimately improve transportation systems. Key Benefits of Data Analytics for Transportation Companies Here is an overview of the key benefits that transportation companies can gain from leveraging data analytics: Real-time vehicle tracking Using a transportation management system can give you better visibility into the location of each vehicle in your fleet. TMS for freight forwarders Keep managers and dispatchers informed of each driver’s location without having to contact them directly for updates. Optimize routes Of course, transportation companies must weigh a large number of variables…
Freight forwarders predict tighter space and higher freight rates
Chinese e-commerce sellers Temu and Shein are disrupting the air cargo market. Cheap clothing and home goods bound for the United States and Europe are gobbling up space on planes, raising concerns about an eventual capacity crunch. Also Read: The Essential Guide to Freight Forwarding in the United States While China has been the world's low-cost manufacturing powerhouse for some time, Shein and Temu are approaching previously unimaginable levels. Shein currently sells to more than 150 countries, while Temu has a presence in 40 countries and is growing. Both companies have an on-demand business model, where orders are placed with suppliers and delivered within a few days. Real-time demand data enables timely replenishment as needed and limits the need for storage and inventory risk. Competition for air cargo space is intensifying in southern China, home to the country’s manufacturing heartland. In June, air cargo prices rose 40% compared to 2023, a rare occurrence in the summer. It is estimated that…
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