Are your business investments doing enough?

Supply chains are built on customer service, and even weak economic conditions won’t lower customers’ high expectations when it comes to the services they pay for.

If anything, during rocky economic times, exceeding customer expectations becomes the most crucial thing to maintain.

The freight contraction has impacted businesses in all corners of the supply chain, but low freight rates have drastically driven down margins for transportation providers. Businesses that began when freight volumes hit...

https://www.freightwaves.com/news/are-your-business-investments-doing-enough

Scorecards hold the key to shifting industry pricing power

In today’s recessionary freight market, cost efficiency and productivity are crucial components of safeguarding profits while providing top-notch customer service. Pinpointing — and correcting — inefficiencies is an important part of achieving a streamlined supply chain. Fortunately, modern technology makes it easier than ever to keep a close eye on freight.

By utilizing tech to track specific key performance indicators and issuing carrier scorecards, shippers can improve pricing efficiency,...

https://www.freightwaves.com/news/496388

Top 5 KPIs to lower shipping costs, boost profitability

Data drives today’s supply chain. Benchmarking and measuring what matters is the only way to know if what you are doing is working. In addition, knowing your KPIs, or key performance indicators provides a roadmap to improving your shipping experience and supply chain network. Addressing problems without evidence of their existence often leads to confusion, irritation, and conflict. That’s where KPIs come into play. 

KPIs can measure a seemingly endless number of variables, and navigating a full...

https://www.freightwaves.com/news/top-5-kpis-to-lower-shipping-costs-boost-profitability

Data Insights & Machine Learning To Take Over Maritime Sales

Data insights and machine learning take charge of the maritime sales process, reports GateHouse Maritime

Data insights to improve sales

While the maritime industry has been hesitant engaging in use of data insight and machine learning, the table is now about to turn. Today, an increasing number of maritime companies actively use data insights to improve sales, supply chain activities, and increase revenues – among these the worlds’ largest ship supplier, Wrist Ship Supply.

The need for efficiency...

https://mfame.guru/data-insights-machine-learning-to-take-over-maritime-sales/

Minerva Marine Inc. choses RINACube as its fleet monitoring digital platform

The “Mineva Doxa”

Minerva Marine Inc. choses RINACube as its fleet monitoring digital platform

Minerva Marine Inc., one of the leading ship management companies worldwide, announced that it intends to invest in one of the latest industry digital technology solutions for the real-time monitoring of its fleet. RINACube, RINA’s digital platform, will be deployed on Minerva’s fleet, to enhance operational efficiency and effectiveness by enabling, through the collection and analysis of data, shore and...

http://www.allaboutshipping.co.uk/2019/10/03/minerva-marine-inc-choses-rinacube-as-its-fleet-monitoring-digital-platform/