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The State of The Freight 2021
A survey of over 300 supply chain professionals conducted by supply-chain automation platform Centersource and logistics media consultancy Charlie Pesti details a scramble for inventory and visibility, while showing how technology, and vertical and horizontal collaboration are helping companies adjust to a complex and turbulent new normal. The report, The State of The Freight 2021, breaks its findings into three categories – sourcing, visibility, vertical and horizontal collaboration. Viewing recent challenges and transformation through these three lenses, the report shows how unprepared many industry stakeholders were when trade wars and then COVID-19 shook global supply chains. As conventional sourcing practices failed to produce results, the survey asked how and where…
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MARKET REPORT: The bull run is wreaking havoc with cargo delays in major ports
Industry analysts are calling it, “one of the strongest bull-markets for container carriers seen in the last few decades.” Triggered by a 30% collapse in demand for container shipments in Europe and the US at the outset of the pandemic, a subsequent 30% increase in demand has created unprecedented negative market conditions. Data released today by Ocean Insights highlights just how extensive delays have been, which ports and carriers are experiencing under capacity and a timeline of market volatility. As the Covid-19 pandemic threw global markets into disarray, consumer behavior changed dramatically, leaving the carriers as well as shippers stranded, either with goods they could not sell, or, in the…
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Centersource launches Timber Exchange, a digital marketplace for the forestry industry
Centersource, a timber trade and technology company has launched Timber Exchange, a comprehensive marketplace and digital toolset for Forwarders, Sawmills, Importers, and Forwarders. Timber Exchange arrives just in time to help timber supply chain companies navigate the latest round of COVID-19-driven volatility, providing companies with the tools to remain profitable in a challenging market. The digital platform provides users a with common marketplace and workspace that streamlines every step of the timber supply chain process. With easy plug-n-play onboarding, the new marketplace aims to digitalize the global timber supply-chain, enhance cross-border collaboration and automate the most time-consuming processes facing companies today. Timber Exchange leverages decades of industry experience, automation technology,…
