From AQL to XML, the shipping world is filled with both abbreviations and acronyms. As we’re bombarded on a daily basis with these shorthand terms, it can be easy to feel a little lost. However, there are many acronyms that are vital shippers, not because they save time when speaking or typing, but because they can change the level on which a company operates.
Global freight is an ever-growing and dynamic domain. With transportation intrinsic for the smooth functioning of supply chains, the freight management system market has immense potential. The freight management system market is expected to grow at an estimated CAGR of 10.1% by 2023. The growth also opens new avenues for advanced technological innovations and adoptions. One of the most popular trends in the industry is the evident proliferation of SaaS (Software as a Service) over the past few years.
The year 2020 has been a year of supply chain disruptions worldwide that have significantly accelerated the adoption of emerging and advanced technologies across the industry. How to future-proof your business against disruptions and make supply chains resilient have remained the focus of companies this year.
COVID-19 exposed the vulnerabilities humankind faces, not just in the case of health but also in terms of trade, as the global supply chain almost ground to a halt at the peak of the pandemic. Starting from the world’s factory, China, country after country implemented lockdowns on businesses, trade, schools, shops, and transport.
We are proud to announce that we here at Ocean Insights were recently invited to participate in a webinar with CargoNow, for a fireside chat with some brilliant minds in supply chain management from Japan. For those that missed the original broadcast, we wanted to share some highlights of the webinar and detail the importance of real-time and predictive data.
Freight visibility is crucial to operating in today’s market. As companies like Amazon continue to push the envelope into what delivery times should look like, shippers need to know where their freight is and when it’s going to arrive at the dock. While there are many ways to go about …