Introduction: Why did the demurrage fees go to therapy? They couldn’t handle the cargo’s refusal to leave without a “storage” of emotions! While this joke is very jargon-specific, anyone well-versed in the proceedings of logistics, can relate to it and probably reminisce the penalty payments as demurrage. To categorically define, demurrage refers to the charges…
Cost-cutting has been a priority of the world lately. Beyond terms such as “economic approach” or “striving of resource optimization”, the gist predominantly remains the same i.e. better costs. Finding cost-effective ways to handle shipping is crucial for companies of all sizes. That’s where economy shipping comes in. It’s become increasingly important because it’s affordable…
The logistics sector is booming, with the global logistics market reaching $5.4 trillion in 2023, fuelled by instant gratification and global trade. And these cargo aircrafts play a crucial role in facilitating the swift movement of products across borders. These huge machines are vital to the global supply chain because they guarantee the prompt delivery…
Logistics is a complex series of activities that makes sure products get from point A to point B without any problems. Whether it’s a local delivery or a cross-continental journey, effective transport is essential to this industry. This journey often involves complex networks of transportation that move cargo over great distances. Consider the stages involved…
Did you know that 90% of the world trade is carried out through the Ocean? Think of the ports as bustling arteries connecting nations and facilitating the exchange of vital goods, from nourishing food supplies to fuel- the lifeblood of economies. These ports aren’t just concrete and steel structures, they are the hearts of economic…
The World of Shipping Containers In the world of trade and supply chain shipping containers are the bloodline that quietly facilitates the movement of goods across vast oceans and continents. From its humble origins to its indispensable role in modern commerce, the shipping container has a rich history and an enduring legacy. The story of…
A common challenge faced by businesses involves navigating the logistics of transporting products that fall between the dimensions suitable for parcel services and those requiring a dedicated truck. That’s where LTL shipping comes in. LTL stands for Less Than Truckload, and it’s a cost-effective solution for transporting smaller shipments that don’t require a dedicated container….
Introduction to NMFC Codes It can be difficult to navigate the complicated world of freight shipping, particularly when it comes to comprehending how rates are determined. However, one component that is frequently disregarded but is very important is NMFC codes. These seemingly mysterious series of digits are the secret to successful, economical, and secure shipping…
Forget the Great Wall, China’s secret weapon is its coastline! A long network of harbours stretching for miles, each a bustling hub for global trade. These ports are the engines of China’s economic boom, importing and exporting goods worldwide. China’s not just a manufacturing giant, it’s a global trade leader. These ports are the beating…
The COVID-19 pandemic has exposed the vulnerabilities and inefficiencies of many supply chains around the world. From shortages of essential goods to delays in deliveries, businesses have faced unprecedented challenges in meeting customer demand and maintaining profitability. To cope with these disruptions and uncertainties, many e-commerce businesses have turned to third-party logistics (3PL) providers to…
Customer expectations for online deliveries have grown in today’s fast-paced business world. According to Jungle Scout’s Consumer Trends Report from July 2021, a staggering 41% of consumers expect their online orders to be delivered within two to three days, with an even larger portion of 27% demanding the convenience of same or next-day delivery. Businesses…
The holiday season is a critical time for businesses, especially in the supply chain management industry. With consumers expecting their orders to arrive promptly and in perfect condition, there is immense pressure on logistics and shipping companies to deliver flawlessly. This is where leveraging analytics for holiday shipping can be a game-changer strategy. Understanding the…
In the realm of supply chain management, the importance of selecting the optimal carrier for critical shipments cannot be overstated. Such shipments, often involving time-sensitive, high-value, or perishable goods, demand a level of precision and care that extends beyond mere transportation logistics. The choice of carrier holds the key to ensuring the success and reliability…
The logistics industry plays a critical role in the global economy, ensuring the smooth movement of goods and services from one place to another. However, this industry is also a major contributor to carbon emissions, which have severe environmental consequences. In order to address the pressing issue of climate change, it is imperative for the…
In today’s world, businesses are increasingly focusing on sustainability and environmental responsibility. One area where this is particularly important is supply chain management. In this article, we will explore the concept of supply chain sustainability, the impact of social and environmental factors on the supply chain, best practices for sustainable supply chain management, the importance…
Supply chain management is a complex network that links businesses, individuals, and processes to transport goods from manufacturers to consumers. As companies evolve, they aim to be versatile in coping with unexpected business disruptions. As a result, supply chain intelligence transitions from a mere aspiration to an essential requirement. Why do businesses need supply chain…
GoComet was featured in G2’s Spring 2023 reports across multiple categories to earn ten badges. Included with Leader badges in three categories, High Performer badges are two awarded to the single, highest-ranking company in the category: two Best Support badges and three Easiest to do Business with badges testify that GoComet is your best partner…
Located in San Pedro Bay, 25 miles south of downtown Los Angeles, the Port of Los Angeles (POLA), the busiest container port in North America, has maintained its status as one of the biggest ports in the world for over twenty years. The port supports a productive, sustainable supply chain through modern technology that enhances…
Over the last two years, as supply chains are being forced to respond to various disruptions, the need to invest in risk mitigation strategies has come to the forefront. A recent Statista survey found that 72% of businesses are still suffering from the adverse effects of the pandemic. As global supply chains continue to face…
While TMS software has become popular in the last few years, the recent disruptions in the global supply chain, including the pandemic, Russia’s invasion of Ukraine, geopolitical tensions and natural calamities, have made companies fast-track their supply chain automation process. As supply chain leaders look out for the best solution among the thousand options available,…
