RFP

What are RFP expectations for 2022?

2021, like the year before, has been marked by great uncertainty and has disrupted logistics networks. This has made planning and budgeting especially difficult for shippers affected by supply chain shortages and port congestion, but the show must go on.

What’s in store for 2022? If only we knew — but we can get an idea of what the industry expects.

In speaking with many of its shipping partners, Echo Global Logistics found market expectations to be mixed. That, in turn, has shippers implementing...

https://www.freightwaves.com/news/what-are-rfp-expectations-for-2022

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

Emerge draws investor attention with digital procurement, mini bids

Emerge has built a name for itself by digitizing the freight procurement process and revolutionizing RFPs. Emerge CFO Brad Blomstrom recently appeared on Freightwaves’ Great Quarter, Guys to discuss what the company has to offer shippers and carriers alike. His appearance came on the back of Emerge’s most recent Series B funding round, announced Sept. 23.  

Freight is attracting record levels of investment right now, and Emerge’s dedication to making the industry more flexible and efficient...

https://www.freightwaves.com/news/emerge-draws-investor-attention-with-digital-procurement-mini-bids

Shippers be nimble, shippers be quick – to survive

The past couple years have made it clear that rapid market shifts are simply part of doing business in the transportation and logistics industry. How a company reacts to those changes has the power to make or break them, either growing their bottom line or plunging them into the red. 

“COVID has massively disrupted supply chains and changed consumer behaviors,” Kyle Jepson, Emerge Senior Vice President of Product said. “It has had a huge impact on the need for shippers to adjust to changes in...

https://www.freightwaves.com/news/shippers-be-nimble-shippers-be-quick-to-survive

Filling the Supply Chain Education Gap with LTL Education Courses

If there’s one immutable truth in the world of logistics, it’s this: LTL is an inherently complex form of transportation. Tariffs, rates, DIM weights, transit times — it’s enough to confuse even seasoned logistics professionals. The solution to this knowledge gap has historically been on-the-job training or university supply chain education, but for a variety of reasons there is now a pressing need for third-party, remote LTL training that prepares logistics workers for transportation success.

Gl...

https://www.freightwaves.com/news/filling-the-supply-chain-education-gap-with-ltl-education-courses

Emerge raises $130M Series B to scale digital freight marketplace

Scottsdale, Arizona-based digital freight marketplace Emerge announced Thursday morning that it has closed a $130 million Series B funding round led by 9Yards Capital, Tiger Global Management and The Spruce House Partnership. Existing investors New Road Capital Partners and Greycroft also participated in the round.

“We’ve been fortunate to experience explosive growth in the past few years, and this funding will be very useful to Emerge’s future success,” said founder and co-CEO Michael Leto....

https://www.freightwaves.com/news/emerge-raises-130m-series-b-to-scale-digital-freight-marketplace

Tap into a digital network to expedite your RFP process

The RFP process can be tedious during a normal year. In a year when capacity is tight, e-commerce is surging and the course of the coronavirus pandemic remains unpredictable, it can be downright overwhelming. 

Many shippers would benefit from taking their RFP process digital as they attempt to navigate this precarious landscape. This streamlines the bidding process, allowing them to spend less time and money caught up in this often stressful process.

“The first thing I would recommend would be to...

https://www.freightwaves.com/news/tap-into-a-digital-network-to-expedite-your-rfp-process

Global Healthcare Organization Streamlines RFP Process and Reduces Costs with automated LTL RFP Processes

The complexity associated with LTL rates and RFP processes makes formal bids difficult to navigate—and even more difficult to navigate successfully. Errors stemming from manual tools and dense spreadsheets—no matter how careful you are—can wreak havoc on a shipper’s RFP strategy. In the worst-case scenario, these errors can easily amount to hundreds of thousands or even millions of dollars in wasted freight spend.

Add to the mix any requirements beyond the most basic specifications, such as...

https://www.freightwaves.com/news/global-healthcare-organization-streamlines-rfp-process-and-reduces-costs-with-automated-ltl-rfp-processes

Rethinking RFPs: The power of conversation

Convoy launches shipper program

Completing the annual request-for-proposal (RFP) process is a time-consuming task, especially considering the sheer volatility of the market. Shippers devote a significant chunk of both their time and resources to annual RFPs, so it is crucial that these tasks be completed with the utmost care. For shippers hoping to spend minimal time engaging with the spot market, a forward-looking approach is also necessary. 

In an industry in which change is the only constant, planning for all probabilities...

https://www.freightwaves.com/news/rethinking-rfps-the-power-of-conversation

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