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The COVID-19 pandemic resulting to lockdowns in most countries definitely led to uncertainty and volatile repercussions on the global economy.
Supply chain and logistics industry experts Jack Chang, Managing Director, JUSDA USA and BernieHart, VP Customs & Trade Business Development, Flexport share their market insights on the 2020 ocean freight forwarding industry in the midst of coronavirus.
In recent years, data and visibility are probably two of the main buzz words circulating across businesses including the freight forwarding industry where these lead to greater market and operational efficiency with the right implementation.
Before diving into some of the top megatrends for the Supply Chain and Logistics industry, it would be relevant to point out the difference between a “trend” and a “megatrend”.
Big data broadly pertains to extensive amounts of data that may be classified into structured and unstructured. It aids organizations to leverage the information leading to enhanced business strategies and operational efficiencies.
With the advent of technological advancements in the supply chain and logistics industry, it is imperative that businesses continue to evolve and adapt to simplify and optimize workflows by leveraging on Big Data, Artificial Intelligence (AI), and Machine Learning (ML).
The supply chain landscape is composed of multiple touchpoints and personas where it continues to get more complex with triangular shipments for instance and other related factors. The more we can look from an industry perspective towards getting information on a common platform, leveraging technology for visibility, and allowing us to take action based on milestones is really where the industry needs to go next from an overall technology perspective.
As the supply chain and logistics industry rapidly evolves and gears towards the technological landscape, more transactions and processes are being digitized. Some of these include the processing, tracking, planning, and managing workflows. This allows for a cohesive and visible supply chain grounded on and fostered by collaboration leading to optimized business performance.
From our previous blog on How to Digitize Your Logistics: Supply Chain Technology Trends 2021, industry experts namely Jack Chang, Managing Director, JUSDA USA and Bernie Hart, VP Customs & Trade Business Development, Flexport emphasized on the need for a reliable supply chain partner, who can aid businesses in the introduction and implementation of digital workflows for operational efficiency.
Many analysts have released forecasts for the freight market in 2021 – some optimistic and expecting increased growth volumes while some have expressed market decline. Read more for an overview of what a number of industry experts foresee.
How you adjust in the next few months will be critical in the success of your business 2020 and beyond.
This guide will help you figure out what can work best for you and your business so that you can still hit your sales goals and revenue targets.
With our esteemed guests, Brian Li from Flexport and Ian Bork from Rohlig, we explore how some of the top freight forwarders are adjusting to the new environment considering COVID-19. Both have years of experience in Growth, Marketing and Business Development so have a lot of thoughts on how we could protect our businesses and eventually thrive.
Alfonso de los Rios of Newports is the founder of one of the largest digital forwarders in Latin America. He goes through the core competencies of digital forwarders and how to thrive in the industry. In this webinar series, he talks about being a Forwarder in 2020.
Expedock conducted a webinar featuring Royal Robinson of Gebrüder Weiss, where he talks about sale structures that work for him. Royal Robinson is a seasoned executive and in the transcript, you can read about his expert knowledge on How to Grow Business Development Operations.
The COVID-19 pandemic resulting to lockdowns in most countries definitely led to uncertainty and volatile repercussions on the global economy.
Supply chain and logistics industry experts Jack Chang, Managing Director, JUSDA USA and BernieHart, VP Customs & Trade Business Development, Flexport share their market insights on the 2020 ocean freight forwarding industry in the midst of coronavirus.
In recent years, data and visibility are probably two of the main buzz words circulating across businesses including the freight forwarding industry where these lead to greater market and operational efficiency with the right implementation.
Before diving into some of the top megatrends for the Supply Chain and Logistics industry, it would be relevant to point out the difference between a “trend” and a “megatrend”.
Big data broadly pertains to extensive amounts of data that may be classified into structured and unstructured. It aids organizations to leverage the information leading to enhanced business strategies and operational efficiencies.
With the advent of technological advancements in the supply chain and logistics industry, it is imperative that businesses continue to evolve and adapt to simplify and optimize workflows by leveraging on Big Data, Artificial Intelligence (AI), and Machine Learning (ML).
The supply chain landscape is composed of multiple touchpoints and personas where it continues to get more complex with triangular shipments for instance and other related factors. The more we can look from an industry perspective towards getting information on a common platform, leveraging technology for visibility, and allowing us to take action based on milestones is really where the industry needs to go next from an overall technology perspective.
As the supply chain and logistics industry rapidly evolves and gears towards the technological landscape, more transactions and processes are being digitized. Some of these include the processing, tracking, planning, and managing workflows. This allows for a cohesive and visible supply chain grounded on and fostered by collaboration leading to optimized business performance.
From our previous blog on How to Digitize Your Logistics: Supply Chain Technology Trends 2021, industry experts namely Jack Chang, Managing Director, JUSDA USA and Bernie Hart, VP Customs & Trade Business Development, Flexport emphasized on the need for a reliable supply chain partner, who can aid businesses in the introduction and implementation of digital workflows for operational efficiency.
Many analysts have released forecasts for the freight market in 2021 – some optimistic and expecting increased growth volumes while some have expressed market decline. Read more for an overview of what a number of industry experts foresee.
How you adjust in the next few months will be critical in the success of your business 2020 and beyond.
This guide will help you figure out what can work best for you and your business so that you can still hit your sales goals and revenue targets.
Join the growing community of freight forwarders that are getting ahead of the pack today.
