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However, the real nuance comes into play when looking at a single mode of transport, particularly road freight. It’s a good option for shipments that are too large for regular LTL but don’t justify the expense of a full or partial truckload. This is typically the most cost-effective road option for small to medium-sized shipments.
Attendees explored emerging market trends and how organizations are responding in realtime, strategic investments in automation and artificial intelligence, best practices in change management, and the key performance indicators that matter most for long-term sustainability. Another common roadblock is disconnected data.
In mid-July, the Port of Antwerp-Bruges reported average dwelltimes between seven and eight days, compared to the typical average of five days. Ports that typically operate on tight, just-in-time rhythms are now scrambling to catch up with unpredictable vessel arrivals and backlogged container stacks," he explains.
This has been acutely highlighted since the turn of the decade due to global events. This has led to organizations investing capital in and spending time on optimizing supply chains to cut lead times, improve supplier performance and increase business profitability.
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