As the ongoing pandemic continues to raise concerns about the agility of global supply chains, organisations across industries are looking for ways to identify and leverage new opportunities and weather the storm. In a webinar hosted by GoComet last week, vice-president procurement of Glenmark Pharmaceuticals Rajasekhara Reddy emphasised how technology and a strong team are…
Unexpected disruptions in supply chains around the world have led the industry to be more cautious, especially in the post lockdown phase that we are currently entering. Newer technologies and better approaches to existing solutions are required to gain a competitive edge in the market. One of the major ingredients of competent decision-making is a…
With the market being as volatile as it is, unforeseen disruptions at every stage in the supply chain have become a common occurrence, emphasising the need to build resilient and agile networks that facilitate quick response and minimise risks. Due to the ongoing pandemic, heavy restrictions on transport and labour have thrown a huge spanner…
As global trade and supply chains continue to be disrupted by the COVID-19 pandemic, organisations across industries are looking for ways to build resilience and agility into their systems. A good starting point for improving efficiency and optimising supply chain operations is by the adoption of digital automation technology. Today, the power of advanced technology…
Often, the terms green and sustainable seem like synonyms of each other, but are most definitely not. While going green looks at only the environmental aspect of it, being sustainable is equivalent to taking into account the social, economical and environmental impact of that particular product or organisation. In this day and age, the traditional…
When it comes to organisations that ship goods internationally, dealing with freight forwarders is not a one-time transaction but a part of the business itself. As a shipper, it’s crucial that you choose the right forwarder as they bridge the gap between you and your customer, making the import and export process seamless. But…
For organisations that ship goods internationally, shipping cost accounts for a significant expense and its dynamic nature makes it close to impossible to spot opportunities for driving cost savings. Especially for businesses that are inventory intensive, logistics cost plays a crucial role in determining profitability. However, there are several practices you can deploy to beat…
Introduction to 3PL and 4PL Logistics Logistics management is pivotal for ensuring a seamless flow of goods and services from their origin to the end-user. It encompasses various tasks like transportation, warehousing, inventory management, and order fulfillment, all aimed at optimizing the supply chain process. In recent years, the logistics industry has seen the rise…
Businesses that deal with international shipments are always faced with the dilemma of choosing between Ocean freight and Air freight at some point or the other. Although the two serve the same purpose, they are poles apart in multiple ways. Choosing to use one over the other is a highly conditional decision and boils down…
Ongoing global disruption has pushed the supply chain industry into a phase of unparalleled transformation. Everything from the present pandemic, rapidly changing supply-demand dynamics, and technological advancements have accelerated radical change. Supply chain resilience has become increasingly valued as organizations look to prepare themselves to face the unexpected. Today, we are looking at building supply…
The larger, more complex and interdependent an industry grows, greater the scope for errors to occur. Certainly, the rapidly growing and highly intricate supply chain industry is no exception. When it comes to supply chains, be it a small error (like slight delays in tracking your shipments) or a missed opportunity (getting better freight quotes…
Today’s dynamic logistics and supply chain environment requires strategic planning; execution of strategy; measurements to goals; analysis against industry benchmarks; and continuous improvement. However, negotiating quotes for your freight remains a static process. Freight procurement via an RFQ (Request For Quote) is plagued with inefficiencies when done manually. With logistics operations accounting for nearly 95%…
The lack of data in your freight management process is disrupting your supply chain and leaving your logistics team in the dark. Read this blog to find out the benefits of integrating data and freight analytics into your freight process.
As the world continues to battle the coronavirus pandemic, our reliance on supply chains has never been more starkly illustrated. From medicine to medical supplies, facemasks to foodstuff, manufacturers and their logistic teams are working round-the-clock to ensure that essential goods are being delivered. Many though find themselves close to breaking point, as country lockdowns…
Reducing costs is a key goal for most companies. Some expenses, however, are more difficult to see than others: they remain hidden, silently eating away at your profits whilst your competitors gain a critical pricing advantage from this lapse. The cost of manually reconciling freight invoices is a common example where organizations spending too much….
The coronavirus pandemic is a wake-up call for the logistics industry to adopt digital transformation. To contain the spread of COVID-19, work from home policy has become a norm across countries. However, it is challenging for an industry steeped in traditions to implement remote working. For an industry where ensuring transparency and efficiency is tough…
As organisations across the world struggle to track their shipments due to the chaos being wrought by the coronavirus pandemic, GoComet would like to help by freely sharing our live global freight visibility or port congestion data. In the wake of current events, companies are dealing with countless questions such as how are their shipping…
Are you sick and tired of paying thousands of dollars to your freight forwarders? Do you want to save money on your international freight procurement? The way you negotiate is key. Negotiation saves your business money. It allows you to work towards a lower price, making sure you pay less for your freight procurement. Unfortunately,…
Two manufacturing companies ‘A’ and ‘B’ sell the same product. Both companies have good profit margins, employees are happy and the management is satisfied. Despite being in the same product, none of them pose a threat to each other as they have independent customers and more or less fixed revenues. Now that’s not the entire…
Do you feel that adopting technology is difficult for you? Do you struggle to keep up with the new advancements in technology? Are you hesitating to try out new products because of your fear of not being able to learn? Agreed that GoComet is the latest technological product in international freight procurement. Obviously, it is…
