What Has Your Cargo Insurer Done For You Lately?

To manage today’s complexities, current systems are forcing functional groups to resolve problems with outdated processes and approaches.This leads to poor product mix, lower margins, higher buffer inventories, unnecessary premium freight, low productivity and sub-optimal optimization.

Global trade has never been as ubiquitous as it is today. Technology of all kinds – from transportation tech like containerization, cargo aircraft, and supermax vessels all the way to the digital global e-commerce marketplace – facilitates an unprecedented flow of products around the world. At the same time, tariff and sanction shifts have become the main enemy of the supply chain manager, who relies on consistency and certainty to plan and execute global trade.

Alibaba, Amazon, AirBnB, Uber, and others, have proven the unmatched superiority of the multi-party, real-time network model over traditional hub and spoke type relations. How can these same models be applied to your supply chain? Can you leverage the same leap in innovation and value creation that these networks leveraged in the consumer world?

The payment process can present a number of challenges within the freight industry, from dealing with errors in invoices to managing and protecting the sensitivity of the data they contain. As a result, many companies opt to outsource their payments to third parties who specialize in payments to save time and avoid the complexities altogether. And when it comes to selecting a payment method, carriers are opting for factoring over QuickPay six times more often, but both options have pros and cons. So how do you ensure that you’re selecting the payment route that’s right for your 3PL while still building carrier loyalty?To explore the benefits and drawbacks of these payment options and provide the information needed to ensure you’re making the best option to meet your needs, FreightWaves is partnering with TriumphPay to present an hourlong webinar