Traditional RFPs are dying

The conventional request for proposal (RFP) process is notoriously tedious, expensive and antiquated. After a year characterized by strained capacity, sky-high rates and surging e-commerce sales, it is also dying.

Traditionally, RFPs are administered via email and Excel spreadsheets. The process involves a lot of manual labor and can be extremely time consuming, which makes it especially difficult to execute during extreme market conditions like those seen in 2021. 

“There’s a perception of...

https://www.freightwaves.com/news/traditional-rfps-are-dying

Sharp increase in shippers turning to automation for spot-buy freight procurement

Spot market activity often reveals the well-being of the freight industry as a whole ⁠— a fact reiterated throughout 2020 as shortages in airfreight capacity, containers and semiconductors forced shippers to buy capacity and rely more heavily on the spot market. Capacity shortages coupled with fast fluctuations in demand put the entire global supply chain under pressure. 

There’s a positive correlation between the rate at which carriers reject load requests from shippers (tender rejection rates)...

https://www.freightwaves.com/news/sharp-increase-in-shippers-turning-to-automation-for-spot-buy-freight-procurement

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