How Does Demurrage, Detention and Port Charges Work..??

How Does Demurrage, Detention and Port Charges Work..??

There are several charges associated with a shipment and demurrage, detention, port charges can be considered as “unexpected, non-budgeted, uncosted, unforeseen” charges because no one in their right minds wants to incur these charges… Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog …

What Exactly is Hyperlocal Fulfillment?

What Exactly is Hyperlocal Fulfillment?

In this article and resulting white paper, we look at the challenges giving rise to the hyperlocal fulfillment trend, and why they must be addressed; we explain how hyperlocal fulfillment also known as micro-fulfillment works, look at the logistics implications and detail the benefits as well as some of the risks. What is Hyperlocal Fulfillment? Inner-city congestion and rising delivery …

Why Should You Automate Your Supply Chain?

Why Should You Automate Your Supply Chain?

Automation can seem like an intimidating concept, but it has a number of benefits. While many people think that automation will lead to job losses, this is not accurate. When it comes to automating your supply chain, you can reap the benefits of increased capability, efficiency and a reduction in complexity and costs. Automation in the supply chain is still …

SME’s Should Avoid These Supply Chain Mistakes

SME’s Should Avoid These Supply Chain Mistakes

It’s a tough industry out there and it has never been more important for small businesses in the logistics industry to avoid making costly mistakes and to ensure they keep their supply chains healthy. For a business in the logistics industry, if their supply chain is not functioning properly, then neither will their business. Supply chains play a vital role …

Top 5 Trends in Last Mile Logistics

Top 5 Trends in Last Mile Logistics

Last mile logistics refers to the final step of the delivery process where goods are transported from a distribution centre or facility to the end user. The deliveries can range from a few blocks to 400 or 800 kilometers. Here are the top 4 trends in last mile logistics, with technology playing a huge role. Fulfillment times get faster. Fulfillment …

8 Factors to Consider When Choosing Route Optimization Software for Your Logistics Business

With routing requirements of companies becoming more complex, it is of prime importance that companies choose the Route Optimization software according to save fuel costs, reduce overtime costs, and minimizing human dependency. Route Optimization Software Businesses often think of Route Optimization software as a guide for telling them the shortest distance between point A and B. Even though Route Optimization software does …

The Impact of Technology on Cargo Theft

In February this year, the Safety and Shipping Review released its 2019 report. This report revealed that the cost of around 230 000 insurance industry claims over the past five years had almost reached $10 billion. The international shipping industry is just one part of an entire complex supply chain that is riddled with fraud, theft, human error and loss. Cargo …

Top African Export Countries

Exports from Africa totaled US$497.3 billion in 2018. That dollar amount reflects a -7.4% decrease since 2014 but a 17.8% uptick from 2017 to 2018. In comparison, global exports from all countries equaled $19.347 trillion in 2018, rising 2.4% in value since 2014 and appreciating by 10.2% from 2017 to 2018. Africa’s exports represent an estimated 2.6% of total world …

4 Predictions for Fourth Party Logistics

4 Predictions for Fourth Party Logistics

Over the past 10 years, the landscape of Fourth party logistics (4PL) has changed in major ways, and we can expect it to grow and evolve even more with emerging ‘smart’ working practices and mobile technologies. Competition within the industry is heating up to serve the increasing demand and efficient and accurate 4PL processes geared towards decreasing costs while providing …

A New Dawn for Logistics and Technology

A New Dawn for Logistics and Technology

The logistics and transport industry is currently on the verge of a digital shakeup, which will dramatically transform it. With the evolution of digitisation, platform-based business models will connect new entrants, eliminate inefficient old ones and harness the cloud. According to a recent report by Transparency Market Research, the rising volume of global trade will increase existing supply chain pressure. …