The Approach to Effective Freight Procurement

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach. This entails staying well-informed about industry trends, harnessing technology for improved decision-making […]

Management of Ocean Transit Time Reliability and Visibility

Management of Ocean Transit Time Reliability and Visibility by LSCMS Shippers’ Council How would Logistics managers explain to their COO and Production group that inbound material will arrive on 23Dec but with 50% probability? In this instalment of the series of articles written by the LSCMS Shippers Council, we strive to answer this and delve […]

Ocean Risk Management part 2: Navigating Global Shipping Alliance

Ocean Risk Management part 2: Navigating Global Shipping Alliance   The shipping industry continues to evolve. With market swings and changing consumer demands forcing companies to adapt to stay competitive, one approach that has gained popularity in recent years is the use of Global Shipping Alliances (GSAs), which are agreements between multiple carriers to share […]

Risk Management in Global Ocean Context

Risk Management in Global Ocean Context Feature Article by LSCMS Shippers Council Rates have gone down massively in most trade lanes; congestion has eased, and capacity seems sufficient in most sectors. All of this despite the ever-prevailing threat of blank sailings and continuous reconfiguration of sailings by carriers. It appears that operational and procurement risks […]

Logistics Procurement – Performance Management

Logistics Procurement – Performance Management by LSCMS Shippers’ Council   Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. With constrained and somewhat erratic demand and supply – not just of products and materials but also capacity with carriers of all modes – rates have been extremely […]