Smarter Shipping, Volume 33: Real-Time Visibility Combating Cargo Theft
Hello and welcome to Volume 33 of "Smarter Shipping" with Intelligent Audit.
In this edition of "Smarter Shipping," you will find:
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Happy Veterans Day: Honoring Those Who Served
This weekend we pay tribute to the extraordinary men and women who have served our nation. Your courage, sacrifice, and dedication have protected our freedoms and shaped our country's course. To all our veterans, thank you for your service and bravery. We are forever grateful.
Enhancing Supply Chain Security: The Role of Real-Time Visibility to Combating Cargo Theft
In a recent feature in PARCEL media , CEO, Hannah Testani, shares that the ongoing surge in cargo thefts necessitates a holistic understanding of the multifaceted nature of cargo theft and the adoption of comprehensive security measures.
Real-time visibility is a cornerstone in enhancing supply chain security.
Catastrophic Costs: Experts Predict Climate Change Could Cost Industry Billions In Coming Years
As climate change turns once predictable weather patterns on their head, today’s supply chain professionals are tasked with operating in an environment plagued by unprecedented volatility. From the Panama Canal to the Mississippi River, a changing climate is forcing shippers to make difficult decisions. New data reveals that, by the middle of this century, the transportation industry could face as much as a $10 billion loss annually due to climate change-related disruptions.?
Beyond the changing climate, conditions remain volatile throughout much of the logistics sector. The parcel power balance is changing quickly, with shippers well-positioned to make the most of low carrier volumes. Meanwhile, capacity growth continues in the trucking industry, though at a slower clip than previously seen. Here are news and trends making headlines in an industry that's always moving.?
Will Supply Chain Pressures Ease?
2023 has certainly been a rollercoaster for the supply chain sector. With unexpected closures, a struggling freight market, and subdued consumer spending, finding a path forward for shippers and carriers has been daunting.
?But it's not all doom and gloom. Jorie Ramsaur from Intelligent Audit shines a light on the situation in the video above, providing insights and encouragement to not only weather the storm but also pave the way for a thriving 2024.
?There's help and strategies available to turn the tide. Let's explore how to rebound and make the next year one for the record books.
White Paper: A Shipper's Guide to 2024 GRI
Why You Need This White Paper
While 2023 wasn't a complete pivot from previous trends, it marked a significant change. The upcoming GRIs, set at 5.9% for 2024, are a slight increase from the standard 4.9% seen annually between 2014 and 2022. However, they are fortunately not as steep as the 6.9% experienced in 2023.
?As the shipping industry braces for these changes, it's crucial for shippers to strategically plan and find effective ways to optimize shipping costs. Particularly noteworthy are certain areas of the GRI, especially surcharges, which are anticipated to see double-digit hikes in 2024. These increases could significantly impact budgets if not properly managed.
?Our latest White Paper is an essential tool for shippers gearing up for 2024, providing in-depth analysis and strategies on:
The latest insights from the?Intelligent Audit Resource Hub
Holiday Shipping Deadlines 2023: Here’s What You Need to Know
During the holiday season, the joy of giving and receiving gifts hinges on the complex logistics of shipping. With the immense pressure on carriers like USPS, FedEx, and UPS, managing an exponential increase in packages and unpredictable factors is a colossal task. Critical deadlines are set to ensure timely deliveries, with carriers gearing up to handle staggering volumes - USPS alone anticipates nearly 200 million packages weekly pre-Christmas. Navigating these deadlines is crucial to prevent holiday disappointments. This guide offers indispensable tips and insights into the holiday shipping schedules of major carriers, empowering you to plan effectively and avoid last-minute chaos. For detailed deadlines, strategies, and expert advice to guarantee your packages arrive on time, read the full guide here
That is it for this week's newsletter! Thanks for being here and we hope you have a great weekend!
Again, thank you to all our Veterans out there for your service and bravery!