In this era of globalization, it’s no surprise that companies are moving their operations to low cost suppliers. However, many of these organizations are finding that higher than expected transportation expenses end up outweighing the benefits. In fact, according to Aberdeen Group research, international shipments cost twice as much, take five times as long and have five times more variability than domestic shipments.
American Shipper has released a new report, based on research gathered by a survey of nearly 300 transportation managers on their international and cross-border transportation management systems, best practices, and processes. ITMS Benchmark Study: Technology Meets the Challenge of an Unanticipated Freight Volume Rebound takes a look at how successful firms are managing international transportation, and looks for emerging trends that will develop in the near future.
Here's another feature article on Perry Ellis, who has been referenced in earlier posts. Prior to implementing a solution from Management Dynamics, Perry Ellis was manually auditing their freight bills, and significant over-charges were slipping through the cracks. According to their VP of Corporate Logistics:
On October 17th all European – based conferences were disbanded. Deregulation of ocean shipping has finally come to pass and we are seeing early signs that beneficial cargo owners (BCOs) and logistics providers alike are scrambling to figure out how to manage transportation costing with a whole new level of rate volatility.