Relationship Management and Trust in Supply Chain
There is increase in dependency on collaboration and trust to gauge success of a logistics company. Trust is an essential part of a dynamic, well knitted business and the teams that drive them. Trust is also central across all areas of the supply chain with suppliers, customers, partners, leaders and teams at every level of […]
Logistics Trends
There is an immense transformation continuously happening in transportation and logistics industry; change is the essence, and along it brings opportunities as well as risks. The logistics industry is striving towards adopting new technology, with new market entrants, followed by new customer expectations, and new business models. The challenges are both evolutionary and revolutionary, required […]
Acceleration of Artificial Intelligence adoption in Supply Chain industry
There was massive disruption in supply chains worldwide due to the pandemic, which led to several enterprises turning to artificial intelligence (AI) for help – deemed as strategically senseless. AI’s future cemented in the supply chain industry due to pandemic and it seems to be happening rapidly. Shippers are coming to terms with supply chain […]
Trouble at sea
Earlier last Sunday we heard a news that more than 90% of the seafarers from a popular company voted for a pay strike. It was being reported that hundreds of union members may resign in masses. It all came down to not being remunerated fairly. ‘A meagre’ rise in salary kept the seafaring staff unhappy’ as […]
Spot rate black market in India
Corrupt forwarders in India are taking undue advantage of “desperate” shippers, using inside information from shipping lines to create a “black market” for spot bookings, it is being reported. There is a situation in India where there are no spot bookings available on routes to West Africa, North and South America or Oceania. Before even […]
Unfavorable conditions for supply chains due to lockdowns in Vietnam and China
There is a 100,000 teu pile-up at Ho Chi Minh City’s Cat Lai port due to lockdown in South Vietnam. To add on to it all China, Shanghai and Ningbo ports are reportedly also facing additional congestion from new restrictions owing to Covid. Yard density at Cat Lai is currently around 85% as per a […]
Obstacles are Opportunities in Disguise
Life gets interesting with challenges that we meet in the journey. How we handle a particular challenge determines who we become and what rewards we get from life. Same applies for any logistics company. Challenges have and will always exist. It is a fast-paced global market and it makes it challenging for a company to […]
Hedging strategies propelled by oil price volatility
There is a rise in airfreight costs for shippers due to the surge in oil prices as it is increasing carrier fuel surcharges. Airlines themselves puzzled over fuel price hedging. The rate of oil was over $75-a-barrel mark in mid July after two and a half years. This year it has been skyrocketing this year […]
Impact of European Commission’s ‘Fit for 55” Legislative Package
Launched over a week ago European Commission’s Fit for 55 legislative package aims to essentially overtake the EU’s climate policy architecture and put the EU inline to deliver on its 2030 climate target, which will turn 2020s into a transformative decade for climate action. This comes with implications on public health and environment. Fit for […]
Leveraging Renewable Energy for a Green Supply Chain Management
Green Supply Chain Management (GSCM) refers to the idea of bringing in renewable practices in the supply chain. As per the principle, all stages in SCM including product design, sourcing and selection, manufacturing, production and end-of-life management must be as per the global viable standards. The green supply chain concept aims to relieve environmental degradation and […]