Change is the only constant in the current freight market. The traditional rules governing procurement and transportation management are becoming obsolete, giving way to a new reality where agility, adaptability, and real-time data on freight rates are key to survival. If your team isn’t prepared to navigate these waters, you risk getting left behind – that’s the tough reality of the shipping marketplace.
That’s why we wrote “The New Essentials,” a guide that dives deep into how to align your team for success in this new era of shipping. It’s made to help teams choose a data provider, build a strong business case for that investment, and get executive buy-in. After that, you’ve leveled the playing field.
Download “The New Essentials” now.
Why the old rules are gone
The shift from stable, predictable procurement strategies to those that prioritize flexibility and rapid response happened fast. Today’s shippers are learning to surf the waves of demand and supply fluctuations. But how do you stay ahead? The answer is leveraging unbiased, quality analytics.
That means who you choose to give you that data is paramount. It’s not just a technical decision; it’s a strategic move that can make or break your logistics operations. As your team embarks on this journey, the process of evaluating and vetting data providers, getting internal buy-in, and securing the C-suite’s attention eases the transition to these new rules.
The time is ripe for these conversations. According to Gartner, 79% of logistics CEOs are ready to finalize post-crisis strategies by the end of 2024. They’re currently building the plans that will determine the future of shipping. It’s the perfect time to invest in the right tools. How do you choose?
Find the right data provider
A successful shipping strategy requires external insights to complement your own data. Partnering with a third-party analytics provider allows you to gain real-time visibility into market dynamics, empowering you to make informed decisions. But how do you choose a provider?
Craft a rubric
Selecting the right provider involves more than just a casual comparison. Create a robust rubric that considers:
Integration capabilities: How well will the new system mesh with your existing infrastructure?
Scalability: Can the solution grow with your business?
Expertise: Does the provider have a proven track record in the industry?
Accessibility: Is the platform user-friendly for all stakeholders?
Then, make the case
Once you’ve chosen a provider, it’s time to secure internal buy-in. Your business case for investment should:
Quantify ROI: Use historical data to demonstrate potential cost savings and improved profitability.
Address pain points: Tailor your arguments to resonate with the specific challenges your organization faces.
Engage the C-suite: Highlight how data-driven insights can enhance supply chain resilience and performance.
Now, get the guide
In a rapidly changing landscape, the ability to adapt is crucial. “The New Essentials” equips you with the knowledge to make informed decisions and lead your team to success. Through selecting the right analytics provider and crafting a compelling business case, the guide serves as a copilot through the new complexities of modern shipping.
Ready to align your team for the future? Download “The New Essentials” now.
