Benchmarking Success Blog
Logistics and Supply Chain news, articles, tips and insights
Ocean Freight Future Trends with Trent Morris
Have you ever found yourself wondering what the future holds for the world of international logistics and ocean freight? A key challenge lies in port infrastructure, which hasn’t kept pace with shipping demands. Some ports are starting to use automated guided vehicles (AGVs) to move containers, but with massive 22,000 TEU vessels, balance is a concern, making full automation tough…
Ocean Freight 2023 Update with Trent Morris
The pandemic drastically disrupted the shipping industry, with skyrocketing demand, especially in e-commerce, driving ocean freight rates up by as much as 50% between 2020 and 2021. Service reliability also took a hit. However, we’re now seeing stabilization, with rates moving closer to pre-pandemic levels. Experts predict that rates will return to something similar to 2019, with minor fluctuations based on market conditions…
Supply Chain Secrets 200th Episode with a Bonus
We’ve reached a major milestone on our channel – 200 videos! And to celebrate, I’ve got a special thank-you gift at the end of this video, so stick around. After four or five years of content creation, it’s fantastic to see that we’ve hit 200 videos. We’ve built a wonderful community in our channel, Supply Chain Secrets…
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
Outsourcing your logistics is a lot like dating. Treat outsourcing like a long-term relationship. Get your data in order, avoid unnecessary demands, and take your time to find the right partner. With the right 3PL, you’ll build a reliable, lasting partnership…
Top 3 Logistics Outsourcing Mistakes You Don’t Want to Make
Logistics outsourcing can be tricky, especially if you’re unfamiliar with the process. Without the right preparation, mistakes are almost inevitable, and these can result in wasted time and resources. The first mistake is failing to provide enough accurate data. Whether you’re outsourcing warehousing or transportation, the 3PL needs precise information to create an efficient solution…
Supplier Performance Management with Trent
Trent explains that many people set KPIs at targets like 98%, but the reality is that we’re paying for—and expecting—100%. For instance, in supply chain management, businesses strive for the perfect order every time. But when we set KPIs below 100%, we’re accepting that 98% or even 95% is good enough. Trent makes an important point: aiming for 100% service level is the right approach, even if we know that not everything will go perfectly…
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?
A question I hear all the time is: How many suppliers should you include in a logistics outsourcing tender? It’s not always straightforward. Open tenders, common in government and large corporations, allow any supplier to bid. While this ensures impartiality, it often attracts an overwhelming number of responses, many of which are unsuitable. Closed tenders, where a select group of suppliers is invited to bid, are far more focused and efficient…