The freight market is changing and shippers no longer hold the upper hand. Those companies that gain an insight into the hidden transportation costs in their supply chains will be able to consolidate their gains and achieve significant cost savings.
In the last couple of years, shippers gained an unprecedented influence over the international transportation market, with carriers vying for scarce business. Now, as commercial activity picks up, that position is weakening. Why is this?
However, shippers still have opportunities to capitalize their recent gains by forging new and innovative arrangements with carriers who remain eager to capture new business and re-establish their top-line growth.
To maneuver effectively within this unique set of conditions, shippers must view the situation through the lens of risk management.