Supply Chain and Logistics Blog
Ocean Freight 2023 Update with Trent Morris
The shipping industry faced huge disruptions due to the pandemic, particularly with soaring demand, especially in e-commerce, and a massive rise in ocean freight rates. From 2020 to 2021, rates increased by up to 50%, and service reliability dropped. However, we’re starting to see things return to normal. Rates are stabilizing, with predictions that they’ll eventually settle to levels seen in 2019, with minor fluctuations based on market factors…
Supply Chain Secrets 200th Episode with a Bonus
Thank you so much for your support and interest!
And as a special thank you, we are offering a 50% discount for the first 200 people at our online learning hub, right here…
10 Freight Management Mistakes and How to Avoid Them
Is your company one of the many that take a minimalist approach to freight management? Yes… I did say minimalist, not lean…
Logistics Outsourcing is Like Dating
Did you know logistics outsourcing and dating share some key characteristics? Just like in a relationship, being too needy can make you less appealing. While some requirements, such as strict compliance with regulations, are essential, being overly demanding in other areas can create friction. If you’re constantly checking in for updates, requesting unnecessary reports, or micromanaging, it can strain the relationship…
Top 3 Logistics Outsourcing Mistakes You Don’t Want to Make
Logistics outsourcing can significantly benefit companies, but it’s easy to make costly mistakes along the way. One of the mistake is approaching too many or the wrong providers. Casting a wide net with dozens of 3PLs can overwhelm the process and make it harder to identify the right fit. Instead, focus on four to six providers that are well-suited to your business’s needs.
Supplier Performance Management with Trent
Trent Morris and I delve into the idea that performance management goes beyond just KPIs. While KPIs are valuable tools for tracking performance, focusing solely on these metrics can limit your perspective on what true performance management is. A broader view, involving collaboration and continuous improvement, is essential to achieving long-term success…
The Power of Outsourcing for Supply Chain Improvement
If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service…
Logistics Outsourcing Tender – How Many Suppliers to Invite?
How many suppliers should you invite to tender? It’s a critical decision that can affect the entire process. Start with the end goal in mind. Ideally, you want three strong contenders by the end of the process. To get there, I usually recommend inviting around five suppliers. Why? Because some will inevitably drop out along the way—particularly in today’s market, where warehousing space is tight, and 3PLs are stretched thin…