Retailers are aiming to cut their ocean-freight costs by at least half. The Wall Street Journal (WSJ) reported Tuesday (Feb. 14) that retailers and ocean carriers will be meeting at the Journal of Commerce’s annual TPM Conference Feb. 26 to begin their negotiations on long-term...
Historically high inflation and supply chain woes are giving fleet managers major headaches. That’s according to Jim Perkins, director of Fleet Solutions USA for Shell, and Sasha Arasteh, e-mobility and services manager for Shell Fleet Services Americas, who recently sat down with PYMNTS to discuss...
Digital marketplaces are rewriting industry rulebooks, building new B2B relationships and modernizing historical processes. This is paradoxically most true, and most impactful, in those industries most resistant to change. So says Royce Neubauer, founder and CEO of Auto Hauler Exchange, whose company’s online marketplace platform...
A “huge financing gap,” estimated at $2 trillion globally, is holding back international trade. Steven Beck, head of trade and supply chain finance program at the Asian Development Bank (ADB), told ANC that figure is up from $1.7 trillion years ago. Small and medium-sized businesses...
Africa’s e-Logistics platforms are expanding across the continent looking to streamline cross-border supply chains. In a region of 17 landlocked countries embedded in long and often complex supply chains, the continent faces a number of unique logistical challenges. Companies like Ghanaian startup Jetstream, which announced...
Sygnus Deneb Investments Limited (SDI) has acquired a 42.2% stake in B2B logistics services provider CS&T. The private equity investment company said in a Friday (Dec. 16) press release that the investment will help CS&T to continue its strategic expansion and broaden its service offering...
Supply chain financing is going green as businesses worldwide work toward their sustainability goals. The increasingly popular practice, known as “sustainable supply chain finance,” entails assessing and providing loans that take into account suppliers’ environmental, social and governance (ESG) performance. For large corporations, it is...
The future of freight, logistics and the supply chain lies with digitization and online platforms. That’s according to freight booking and payments firm Freightos, which filed its F-4 with the Securities and Exchange Commission (SEC) Dec. 9 as it aims to list on the public...
With the U.K.’s food security at risk, SMBs can help create more resilient supply chains. The U.K.’s National Farmers’ Union (NFU) has warned that a nationwide egg shortage could soon boil over into a wider food supply crisis. Citing soaring fertilizer, animal feed and fuel...