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Rate Optimization in a Falling Market

Discussions surrounding the applicability of Rate Management Software still continue to circulate in the marketplace, and some individuals argue that it’s less relevant during falling markets or periods of turmoil. However, this perspective is fundamentally flawed. A declining or volatile market is precisely when Rate Management technology is most useful. Discussions surrounding the applicability of Rate Management Software still continue to circulate in the marketplace, and some individuals argue that it’s less relevant during falling …

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Ensuring your financial health on a digital platform

Digital transport and logistics platforms can offer a seldom discussed but significant benefit for the forwarder and/or carrier: financial protection. This important capability rarely enters the current dialog, which focusses on how the software allows companies to provide a better service to their end customers. Over the last 20 years several large, commercially successful companies have gone bankrupt or had to sell because they got into financial difficulties. This would not have happened if they …

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Digital Systems Simplify the Complexity of International Supply Chains

Let’s talk some more about what should be expected from the digital transformation. What does digitization offer that is so compelling? The long and short answer is that it should offer simplicity; it should make the business of managing international supply chains much easier than they are today. Digitization should simplify what is a complex process today. The international supply chain is an extremely complex services-based assembly process with none of the automation or standardization …

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Comparing Building vs Buying Business Technology

Buy beats Build, read to find out more. There much being written today about the rapid advances in ever-more complex digital technologies and the potential or eventual strategic benefits to those that deploy them. Topics include digitalization, supply chain automation, artificial intelligence and our own discussions of an integrated and interconnected platform. The field of information technology is expanding exponentially in every direction – in a kind of accelerating Big Bang – and older technology …

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New Demurrage Invoicing Regulations in Ocean Shipping Reform Act – 2022

The Ocean Shipping Reform Act – effective June 16, 2022. The Ocean Shipping Reform Act – 2022 (OSRA-2022) went into effect on June 16, 2022 and the law (not a regulation) calls for an immediate change in the way Demurrage is invoiced to the customer. The FMC is in charge of regulating and enforcing this new requirement and they have issued a formal notice to the industry that the new law went into effect on …

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