In the past few months, the cost of freight has hit sudden, all-time highs, rendering regular budget planning impossible. How can we get better visibility of costs to pre-empt and avoid additional expense?
Derisking freight cost volatility with e2e, SKU-level visibility
What drives unexpected costs to your freight spend?
Blind spots: what's preventing or limiting visibility and how can these be eliminated?
Data sources: which sources are most reliable and practical for better visibility e.g. real-time satellite data or supplier updates?
Examples of data-driven strategies you can adopt to flatten cost volatility, driven by end-to-end, SKU-level visibility of your supply chain
Industry sectors: current practitioners from all sectors
Org. size (annual T/O): typically £50m+
Roles & remits: Heads of: Supply Chain, Logistics, Transport with a role in designing and implementing analytics capabilities
ABOUT INTENT DISCUSSIONS
All discussions are private, held under theChatham House Rule and moderated by INTENT with approx. 6-8 participants for 45-90 mins of candid, interactive discussion (not a passive webinar)
Some discussions include subject matter experts from member-recommended INTENT Partners, others are exchanges of best practice, experiences and ideas among practitioner members only
Discussions are shaped by participants according to their interests and questions
We may adjust participation to avoid competitive sensitivities and ensure productive discussion
Tuesday 27th April (11.00 BST / 12.00 CEST) for max. 90 minutes
Summary of a member discussion held on 17th March with expert insight from Sam Greenhalgh of Zencargo.
Covid highlighted visibility gaps; it might be about mitigating cost or it might be about ensuring provision of supply
Ecommerce spike has increased inbound volumes by 43% (in the US), coupled with port congestion its taking longer to discharge containers and get empty equipment back into circulation causes the rates to remain at elevated levels. There is some light with rates showing a decline coming into Q2. - we’re still in middle of bullwhip effect
Some experts believe there will be more enforceable contracts to protect shippers & carriers with possible penalties for non-compliance
A multimodal strategy is more common, and you can’t mitigate an issue until you know about an issue. Zencargo has rules engines that can flag potential issues and prompt whether might be better to use a different service mode to speed up/ slow down orders.
Flagging up potential delays much earlier means can better adapt and manage customer trust.
Getting data isn’t the problem, it’s connecting it all to be able to get useful insights and capabilities.
Sign up for the next edition of this discussion on 27th April 11.00 BST / 12.00 CEST: https://www.supplychainintent.com/calendar/event/67-derisking-freight-cost-volatility-with-e2e-sku-level-visibility/