The recent months were extremely transforming for many industries. For some, the effects were damaging. But some industries have flourished during the pandemic, like the e-commerce industry. Many small businesses that were inclined to locally selling their goods, or were focused on a physical store, experienced tough times. However, ones with wider customer coverage and a strong online presence seemed to grow their online sales even more.

There are two options for the meaning of FOB: free on board and freight on board. Free on board is the preferred phrase for freight shippers. Learn more here!

Meat supply chains in the U.S. have been severely affected by the coronavirus. In particular, the most hard-hit industry within the food supply chain was meat processing. Since numerous workers have tested positive for COVID-19 on multiple meat plants across the country, the entire supply chain was disrupted.

The concept of making the shipping industry more environmentally friendly has been a priority for businesses for many years. During the current COVID-10 pandemic, this issue comes into the spotlight even more. Although the coronavirus has had horrible, devastating effects on the population and economy during the past few months, the impact on the environment was positive. With fewer commuters, hindered global travel and logistics, and generally decreased human activity, people have noticed a significant environmental impact.

There were many new transportation updates in the shipping industry last month. Check out some of the top stories and transportation updates in May 2020!

What is multi-stop truckload shipping? In truckload shipping, there are two points on the route: A and B. Your freight is picked up and then delivered to the final destination without any in-between locations. However, sometimes shippers need a few additional stops on the way, for various reasons. This is called multi-stop truckload shipping. The trouble with this type of shipping is that carriers often reject it, and it is usually more expensive. Although this method is slightly more complicated than regular truckload, if you require multiple stops, you can arrange it in a planned and cost-effective manner.

Many shippers underestimate the value a freight broker can bring to their transportation strategy. These professionals can significantly increase the performance of your freight shipments and save you costs. While there are many benefits of using a good freight broker, you somehow have to assess their effectiveness for your company. To get the best out of the freight broker, you have to make sure you are receiving high-quality services from a legitimate specialist.

Regardless of the circumstances, a company’s ability to survive disruptive processes and events is one of the key differentiators of a successful business strategy. The thing is, most companies start to realize its importance only when the storm already happens. In the majority of cases, risk management strategy sits far down the list of business priorities and often can be put on the backburner of business plans.

The oil industry was one of the most severely hurt industries during the coronavirus pandemic. On April 20, oil prices went negative for the first time in the history of the oil market, peaking at -$37.60 per barrel. For comparison, at the start of the year, an oil barrel costs $60. Such a bizarre drop was caused by a huge discrepancy between oil supply and demand. Worldwide lock-downs, drastic air flight shortages, and fewer commuters resulted in a sharp fall in fuel demand.

The impact of COVID-19 on human lives is the first thing everyone should worry about. Thousands of deaths around the world have made the virus a huge threat to humanity, in many ways. One of the other ways it impacts us is the impact on global economy. The spread of the disease and restricting measures to contain it have put many businesses in frustrating situations, and even cause people to lose their jobs. Many companies look for effective ways to avoid damage, layoffs, and shutdowns. There are several useful practices that can help midsize and larger businesses to survive the coronavirus crisis.

There were many new transportation updates in the shipping industry last month. Check out some of the top stories and transportation updates in March 2020!

Logistics and transportation powers almost every single industry in the modern economy, including the healthcare system. Transporting medication, hospital equipment, medical supplies, and different vaccines play a crucial role in global health care. Today, medical supply chains and their proper, smooth operation define the success rate of delivered treatment. One crucial branch of health supply transportation is the vaccine supply chain.

The highly contagious virus known as COVID-19, which originated in Wuhan, China, has now been declared a global pandemic by the World Health Organization. With hundreds of thousands of people infected globally, the coronavirus revealed itself as a huge threat not just for the health industry, but also to the global economy. Supply chains, in particular, are being affected by coronavirus.

Changing market demands and technological advancements are driving many transformative processes to the supply chains. There is a lot of noise and buzzwords when it comes to trends and technologies that will influence the way supply chains operate. Not all of them can make a huge impact, but there are a couple of supply chain management trends that will actually reshape modern supply chains.