Smarter Shipping, Volume 63: Cargo Chaos: Rate Hikes, Strikes & Thieves Rock Supply Chains
We are happy to bring you Volume 62 of "Smarter Shipping" from Intelligent Audit. In this edition you will find:
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Cargo Chaos: Rate Hikes, Strikes & Thieves Rock Supply Chains
Supply chain news is in overdrive, and this week's roundup is your front-row seat. UPS is playing Grinch with a 5.9% rate hike, while Amazon Air pulls an Airbnb move by renting out its cargo holds. East Coast ports are still reeling from the ILA's three-day temper tantrum, and hundreds of workers are getting pink slips faster than a Prime delivery. But that's not all — lawmakers are prescribing a dose of DSCSA exemptions to keep the meds flowing, trucking rates are doing the limbo with spot prices, and a gang of tech-savvy porch pirates is making off with AT&T iPhones quicker than you can say "signature required." Get comfortable because this week’s rundown has more twists and turns than a warehouse forklift race.
How One Specialty Pet Retailer Solved a 4X Surge in Fees
A leading pet retailer faced a sudden surge in UPS SurePost correction charges, skyrocketing from $10K to $45K per week. Their standard monitoring systems failed to catch it, putting their $150 million transportation budget at risk, just before peak season.
?The solution? Intelligent Audit's AI-driven anomaly detection system stepped in, analyzing millions of data points in real time. The result? They quickly identified the issue and saved the retailer from over $150,000 in potential losses per month.
Want to see how AI can protect your logistics?
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The latest insights from the?Intelligent Audit Resource Hub
From Reactive to Proactive: Leveraging Machine Learning and Supply Chain to Anticipate Disruptions
Your morning coffee is barely down, and the first supply chain alert is already pinging your phone. Sound familiar? Supply chain disruptions have increased by 5% in the past year, and they’re only set to rise. From wars in the Red Sea to extreme weather and labor disputes, these challenges could drain trillions from the global economy by 2060. But there’s hope: machine learning and predictive analytics are reshaping supply chains, offering real-time visibility, demand forecasting, and more. Curious how these technologies can future-proof your operations? Click here to dive deeper into the potential of AI in logistics.
3 Steps to Control Your Parcel Spend Management
Parcel shipping costs are rising fast, with FedEx and UPS announcing significant General Rate Increases for 2024 — 5.9%, with some customers paying up to 21% more. And it’s not stopping there. In early 2025, FedEx will roll out another 5.9% rate hike, hitting both domestic and international deliveries. What can you do? Savvy shippers are fighting back by optimizing carrier contracts, automating processes, and employing dynamic pricing. These steps can transform your shipping costs and put you back in control. Want to learn how? Click here to discover proven strategies for managing rising parcel costs.Click here to discover proven strategies for managing rising parcel costs.
Thanks for reading! We hope you enjoyed this edition and we will see you next week!