#Ocean Freight Procurement Intelligence

[industrynewsupdates]

Ocean Freight Procurement Intelligence 2024 - 2030: Trends and Insights

A critical component of global supply chain management is ocean freight procurement. The global market size was estimated at USD 75.8 billion in 2023. The rise in the coordination of logistics and the acquisition of goods or services from suppliers, including vessel chartering, container ships, cargo handling equipment, and other essential items, for prompt and cost-effective product delivery has shaped the dynamics of the maritime supply chain.

Two of the top technological trends in the maritime and shipping industry are the introduction of smart containers and the increasing use of sensor technology. These technological advancements are having a positive impact on supply chain operations in the face of multiple disruptions in the world. Smart containers are now used in conjunction with IoT sensors to provide better supply chain visibility in this category. For instance, Hapag Lloyd utilizes IoT devices from Nexxiot and Orbcromm to offer data on container or shipment levels on their proprietary platforms. In 2024, according to industry experts, 23 -26% of containers globally are expected to be equipped with IoT devices by the end of 2026.

The maritime freight sector is taking major steps in exploring several sustainable options for the industry. Ocean freight was responsible for transporting nearly 80% of the global trade volume as of May 2024. Shipping companies /ocean freight service providers are increasingly focusing on comprehensive reports of their scope 1, 2, and 3 emissions and working to reduce them. This can be attributed to the increased IMO's CII regulations, coupled with the high sustainability awareness among companies. As of March 2024, the shipping industry contributed 2-3% of the world's greenhouse gas emissions. In 2023, Forbes estimates noted that a 10% reduction in cruising speed can drop fuel usage by almost 30%. Smart indicators are helping companies to weigh the containers properly to avoid cargo spoilage and damage. Alternative fuels, such as biofuels and hydrogen, are increasingly being adopted by shipping companies to minimize environmental impact.

Order your copy of the Ocean Freight Procurement Intelligence Report, 2024 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This fragmented industry comprises a diverse array of players, encompassing feeders, LNG and tankers, containers, river transportation, bulkers, and long ocean runners. Each of these entities operates within distinct business verticals or cross sectors, each characterized by its own set of operations. Companies are increasingly expanding their service product portfolio, launching new facilities in strategic locations, and integrating new technologies to meet their customers’ demands better.

The total cost of ownership (TCO) for an ocean freight service provider includes the cost of cargo ships/mega-ships, fuel and surcharges, port, demurrage and detention charges, labor, customs clearance charges, terminal handling costs, insurance and ancillary charges. Many factors can influence freight rates, including the distance between origin and destination ports, size and weight of cargo, type of cargo shipped, full container load or less than container load, and market conditions.

For this category, low-cost country sourcing entails taking advantage of the benefits provided by countries with competitive shipping rates, well-functioning port facilities, and other factors that support cost-efficient marine transportation. For instance, nations having robust and integrated port infrastructure can efficiently handle large cargo volumes, thereby helping reduce the handling charges and transit times. Ports having automated technology with modern equipment can streamline the flow of products, minimize delays, and save costs. A few instances of nations that can be considered strategic hubs or locations ideal for shipping routes to gain wide market access include China, India, Singapore, Thailand, and Mexico.

The marine infrastructure in China is well-developed, with major ports such as Shanghai, Shenzhen, Ningbo-Zhoushan, and Guangzhou. The Asian giant is also one of the largest shipping container exporters in the world. It provides competitive shipping rates and a diverse selection of transportation alternatives, making it a desirable place for ocean freight sourcing. Similarly, with its long coastline and strategic location, India has several major ports, such as Mundra Port, Nhava Sheva (Jawaharlal Nehru Port or JNPT), Chennai Port, and Syama Prasad Mookerjee Port (formerly Kolkata Port). These places serve as crucial hubs for maritime trade. Competitive rates for shipping can be offered for shipments to and from Asia, Europe, and the Middle East.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Helium Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Nitrogen Procurement Intelligence Report, 2024 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Ocean Freight Sourcing Intelligence Highlights

• The market is fragmented. There is intense competitive rivalry between different carriers and shipping operators. This industry often faces the problem of overcapacity, where supply exceeds demand. Despite being under a contract with a carrier, a shipper or forwarder may resell capacity at a higher rate than the initial contract, which, in turn, leads to intense price competition.

• Three main ocean alliances dominate this ocean freight/maritime shipping industry. These are 2M, Ocean, and THE. These players command a higher negotiating power as they have access to and can provide a broader range of services across major trade routes.

• Bunker fuel, which is a primary fuel for ships, is a significant cost component in the TCO. Fluctuations in oil prices can directly impact the bunker fuel costs.

• During the procurement of this category services, companies/clients evaluate suppliers to determine if they can provide various container options based on the type of goods being shipped. They also assess whether suppliers can offer specialized equipment for perishable or temperature-sensitive products and accommodate oversized cargo. 

Ocean Freight - Key Suppliers 

• Mediterranean Shipping Company (MSC)

• A.P. Moller - Maersk

• CMA CGM Group

• China COSCO Shipping Corporation Limited

• Hapag-Lloyd AG

• DB Schenker AG

• DSV A/S

• Hellmann Worldwide Logistics Inc.

• Nippon Express Co., Ltd

• DHL Group

• Kuehne + Nagel International AG

• C.H. Robinson Worldwide, Inc.

• Kerry Logistics Network Limited

• Dachser Group SE & Co. KG

• GEODIS S.A

Ocean Freight Procurement Intelligence Report Scope

• Growth Rate: CAGR of 4.8% from 2024 to 2030

• Pricing Growth Outlook: 10 - 22% (Annually)

• Pricing Models: Volume-based, ad-valorem pricing, flat or fixed rates, spot or contract rate pricing models.

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Cargo handling capacities, FCL or LCL, cargo insurance, temperature control capabilities, online tracking, technical specifications, and other operational and functional capabilities

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[newstfionline]

Friday, March 5, 2021

Water crisis continues in Mississippi, weeks after cold snap (AP) Mississippi’s largest city is still struggling with water problems more than two weeks after winter storms and freezing weather ravaged the system in Jackson, knocking out water for drinking and making it impossible for many to even flush their toilets. Residents in the city of 160,000 are still being warned to boil any water that does come out of the faucets. “I pray it comes back on,” Jackson resident Nita Smith said. “I’m not sure how much more of this we can take.” City officials on Wednesday continued distributing water for flushing toilets at several pick-up points. But they’re giving no specific timeline for resolving problems. Workers continue to fix dozens of water main breaks and leaks.

‘It’s Madness’: American Factories Scramble To Secure Critical Supplies (NPR) For American factories, business is good these days. Almost too good. Unexpectedly strong demand for furniture, appliances and other manufactured goods is providing a windfall to many of the country’s industries. But as factory gears spin faster to meet the surging demand, a big headache is emerging: Supply chains are getting stretched more than ever, and critical components are proving a lot harder to procure. Take the word of Drew Greenblatt, the president of Marlin Steel in Baltimore. “The economy is snapping back in a big way,” Greenblatt said. But hinges that used to arrive from his supplier in a day or two now take three weeks. Steel he uses to make pail handles is back-ordered for months. More robust consumption caught many factories by surprise, and they’re now struggling to catch up.

Vaccine robbery: New ground for organized crime (Bloomberg) Billions of doses of coronavirus vaccines will travel the world over the coming months, valuable cargo that is in the crosshairs of organized crime and paramilitary attacks. An individual shipment of coronavirus vaccines can be as high as $70 million per load, and freight haulers are putting only their very best, most experienced and trustworthy drivers on the case. Interpol is bracing for an increase in armed robberies of vaccine shipments, and on the dark web purported vaccines are going for $200 per dose. German freight hauler Aircargo Transport has souped up a dozen trucks for vaccine shipments, a $300,000 load-out entailing an alarm system, a panic button and a kill switch.

Police request 60-day extension of Guard at US Capitol (AP) The Capitol Police have requested that members of the National Guard continue to provide security at the U.S. Capitol for another two months, The Associated Press has learned. Defense officials say the new proposal is being reviewed by the Pentagon. The request underscores the continuing concerns about security and the potential for violence at the Capitol, two months after rioters breached the building in violence that left five people dead. And it comes as law enforcement was on high alert Thursday around the U.S. Capitol after intelligence uncovered a “possible plot” by a militia group to storm the building. The more than 5,000 Guard members currently in Washington, D.C., are all slated to go home on March 12, ending the mission.

Virus surge forces Sao Paulo to shut as Buenos Aires reopens (AP) A swell of COVID-19 cases is halting samba steps in Brazil’s biggest metropolis while Argentina’s capital tiptoes its way back to the tango floor. The two biggest cities in each of the neighboring South American countries are headed in opposite directions. Sao Paulo, home to almost 12 million people, is bracing for the worst two weeks yet in the pandemic and the growing risk that its once-resilient health care system will collapse, Gov. João Doria told reporters Wednesday. More than 75% of the city’s intensive-care beds are occupied by COVID-19 patients and some wards—like those of the private Albert Einstein hospital—are full for the first time. Meanwhile, the nearly 3 million residents of Buenos Aires are enjoying an easing of their restrictions, with authorization to attend movie theaters taking effect this week. On Wednesday, official figures showed just 26% of intensive-care beds were occupied by COVID-19 patients. The low hospitalization rate also enabled local authorities in mid-February to reopen bars and restaurants until 2 a.m.—something long sought in a city famous for its all-hours culture. That means Buenos Aires’ famed steakhouses are reigniting their fires, while counterparts in Sao Paulo extinguish theirs.

UK government may start offering financial rewards for becoming healthier (The Guardian) The government is expanding access to weight loss services and may start offering people financial rewards for maintaining a healthy lifestyle as part of the fight against obesity. The Department of Health and Social Care is giving the NHS and local councils in England £70m to pay for up to 700,000 overweight or obese people to go on weight management courses, such as those provided by Weight Watchers or Slimming World, or work with a personal coach to help them shed unwanted pounds. In addition, it has asked Sir Keith Mills, the creator of the Nectar and air miles reward schemes, to look into whether financial incentives would motivate people to eat better and exercise more. He will look at whether initiatives such as the national step challenge in Singapore could work in England. Citizens are offered cash payments if they do a certain amount of physical activity, such as walking and running, and their progress is measured through wearable devices.

Germany Places Far-Right AfD Party Under Surveillance for Extremism (NYT) For the first time in its postwar history, Germany has placed its main opposition party under surveillance, one of the most dramatic steps yet by a Western democracy to protect itself from the onslaught of far-right forces that have upset politics from Europe to the United States. The decision by the domestic intelligence agency will now allow it to tap phones and other communications and monitor the movements of members of the far-right Alternative for Germany party, which not only sits in the Federal Parliament but has become entrenched at all levels of politics in nearly every part of the nation. News of the move came on the same day that France banned Generation Identity, a militant youth movement considered dangerous for its slick rebranding of neo-Nazi concepts, and as lawmakers in the European Parliament in Brussels forced the party of Hungary’s semi-authoritarian leader Viktor Orban out of the mainstream conservative group.

Myanmar crackdown on protests, widely filmed, sparks outrage (AP) Footage of a brutal crackdown on protests against a coup in Myanmar unleashed outrage and calls for a stronger international response Thursday, a day after 38 people were killed. Videos showed security forces shooting a person at point-blank range and chasing down and savagely beating demonstrators. Despite the shocking violence the day before, protesters returned to the streets Thursday to denounce the military’s Feb. 1 takeover—and were met again with tear gas. U.N. special envoy for Myanmar, Christine Schraner Burgener, described Wednesday as “the bloodiest day” since the takeover. “I saw today very disturbing video clips,” said Schraner Burgener, speaking to reporters at the U.N. in New York via video link from Switzerland. “One was police beating a volunteer medical crew. They were not armed. Another video clip showed a protester was taken away by police and they shot him from very near, maybe only one meter. He didn’t resist to his arrest, and it seems that he died on the street.”

‘The East Is Rising’: Xi Maps Out China’s Post-Covid Ascent (NYT) Xi Jinping has struck a confident posture as he looks to secure China’s prosperity and power in a post-Covid world, saying that the country is entering a time of opportunity when “the East is rising and the West is declining.” But behind closed doors, China’s Communist Party leader has also issued a blunt caveat to officials: Do not count out our competitors, above all the United States. “The biggest source of chaos in the present-day world is the United States,” Mr. Xi said, a county official in northwest China recounted in a speech published last week on a government website. He quoted Mr. Xi as saying: “The United States is the biggest threat to our country’s development and security.” That warning, echoed in similar recent public comments by senior officials close to Mr. Xi, reinforces how he is seeking to balance confidence and caution as China strides ahead while other countries continue to grapple with the pandemic.

Powerful quake hits off New Zealand, prompting evacuations (AP) One of the biggest earthquakes to hit the South Pacific in modern history forced thousands of people in New Zealand to evacuate and triggered tsunami warnings across the world Friday, but it did not appear to cause injuries or major damage because it struck in remote ocean. The magnitude 8.1 quake was the largest in a series of tremors that hit the region over several hours, including two earlier quakes that registered magnitude 7.4 and magnitude 7.3. The earthquakes triggered warning systems and caused traffic jams and some chaos in New Zealand as people scrambled to get to higher ground, but their remoteness meant they did not appear to pose a widespread threat to lives or infrastructure.

Israel condemns ICC investigation (Foreign Policy) The International Criminal Court’s chief prosecutor, Fatou Bensouda, has announced plans to investigate alleged war crimes by Israeli forces and Hamas in the Palestinian territories from June 2014 onwards. The Palestinian Authority’s foreign ministry referred to the move as a “long-awaited step,” while Israeli President Reuven Rivlin condemned it as “scandalous.” In a statement referring to the Palestinian “situation,” U.S. Secretary of State Antony Blinken opposed the ICC decision and questioned its jurisdiction.

Concerned about the spread of Ebola, CDC lays out new rules for travelers from Congo, Guinea (Washington Post) Federal health officials said this week that airlines will be required to collect contact information for travelers coming to the U.S. from Congo and Guinea, two countries that have experienced recent outbreaks of the Ebola virus. Officials say the information will allow them to monitor and identify anyone who develops symptoms so they can be isolated and treated. In addition, health officials will be able to warn those who may have been exposed. Health officials said experience with previous Ebola outbreaks showed the virus, which is spread through contact with bodily fluids, is highly contagious and can spread quickly among people who come in close contact with a person who has been infected.

Ethiopia’s deadly Tigray crisis (AP) Civilians massacred. Journalists arrested. People starving to death. Ethiopia’s government is under growing pressure to allow the world to see firsthand what has occurred in its embattled Tigray region as its Nobel Peace Prize-winning prime minister rejects “partisan interventions.” That pressure is expected to spike this month as the United States chairs the United Nations Security Council and addresses the first major African crisis of the Biden administration. Millions of dollars in aid to Ethiopia, a key security ally in the region, are at stake. Last month The Associated Press exposed the killing of an estimated 800 people in the city of Axum, citing several witnesses, and a week later Amnesty International reported “many hundreds” killed there, citing more than 40 witnesses. Soldiers from neighboring Eritrea, long an enemy of Tigray’s now-fugitive leaders, were blamed. Ethiopia continues to deny the Eritreans’ presence, even as senior officials with the interim Tigray government that Ethiopia appointed are increasingly outspoken about them. There is growing concern that Ethiopian Prime Minister Abiy Ahmed, who won the Nobel in 2019 for making peace with Eritrea, has now teamed up with it in war. Eritrea called the AP story on Axum “outrageous lies.” Amid the denials, untold thousands of civilians have been killed as Ethiopian and allied forces pursue the former Tigray leaders who once dominated Ethiopia’s government before Abiy took office in 2018. Each side came to regard each other as illegitimate, then turned to fighting.

[expertmarketresearch]

Air Freight Market Size, Share, Industry Analysis, Growth, Trends, Report and Forecast 2020-2025

According to a new report by EMR titled, ‘Global Air Freight Market Report and Forecast 2020-2025’, the global air freight market reached a volume of almost 69.7 million metric tons in 2019. The market is predicted to grow at a CAGR of 12% in the forecast period of 2020-2025 to reach a volume of around 137.5 million metric tons by 2025.

Competitive Landscape & Supplier Analysis:

Deutsche Post AG (OTCMKTS: DPSGY)

Kuehne + Nagel International AG (OTCMKTS: KHNGY)

Panalpina World Transport (Holding) Ltd.

Expeditors International of Washington, Inc (NASDAQ: EXPD)

DB Schenker

Agility

Kintetsu World Express, Inc.

CEVA Logistics

Others

To request a sample copy or view summary of this report, click the link below: https://www.expertmarketresearch.com/request?type=report&flag=B&id=943

The global air freight market is driven by the rise in the various end-use industries, comprising of electrical, personal care, machinery, and automobile equipment industries, among others. The North America region is a significant market for air freight, with the United States leading the region. The rising investments in Southeast Asian nations by the freight forwarders is expected to support market growth. In the Southeast Asian countries, the investments are increasing due to a healthy demand and high growth potential in the region. The rising consumer and retail industries are also driving the air freight market. The robust demand for products sourced from e-retail platforms like Amazon (NASDAQ: AMZN) across the world is, thus, propelling the growth of the air freight market further.

Browse Full Report with TOC & List of Figure: https://www.expertmarketresearch.com/reports/air-freight-market

The air freight market is also witnessing a significant growth in Europe, primarily driven by the rising demand from the pharmaceutical industry in the region. In August 2018, D B Schenker, a leading player in the air freight market, introduced ‘Connect 4.0’, its digital innovation platform, to overland freight in Germany and Spain. In January 2019, the same service was expanded to Air and Ocean freight, with the company expanding the service to significant markets like India and the United States by September 2019.

Market Analysis by Region:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of The Report:

The global air freight market is being driven by the growing demand for high-technology products and apparel, especially in the emerging regions.

The rising electronics market, owing to the inflating disposable income of the consumers in the developing economies, is enhancing the market growth of air freight.

The market is also expected to be driven by the plan of the shippers to shift from China to other Southeast Asian countries as the sourcing locations.

The increasing demand for pharmaceuticals, as well as medical equipment, is propelling the market for air freight.

The booming automobiles industry is providing further impetus to the air freight market.

The rise in the construction activities is also providing a push to the air freight market.

The air freight market is being supported by the rising demand for oil and mining equipment, which is further enhancing the market growth.

The increasing demand for hi-tech appliances is also aiding the global air freight market growth.

Key Offerings of the Report:

The EMR report gives an overview of the global air freight market for the periods (2015-2019) and (2020-2025).

The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the major regions in the global air freight market.

It also gives an overview of the key demand and price indicators.

An in-depth assessment of the market has been given through Porter’s Five Forces model.

A SWOT and a cost analysis have been provided within the EMR report.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture

We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking. Contact us

Expert Market Research Twitter: @expertmresearch Website: https://www.expertmarketresearch.com Email: sales@expertmarketresearch.com USA/Canada: +1-415-325-5166 | UK: +44-702-402-5790 LinkedIn: https://www.linkedin.com/company/expert-market-research

[ourdimitriblr]

Logistics Advisory Market (2020-2027) | Boston Consulting Group, BAE Systems, McKinsey & Company

Latest Global Logistics Advisory Market research report is an in-depth study of the industry including basic structures. This report features market revenue, share, development and market size. Also accentuate Logistics Advisory industry contribution, product picture and provision. It examines a competitive summary of worldwide market forecast between period 2020 to 2025.

The Global Logistics Advisory market report gives information covering market competition, creation, revenue, export, import, supply, utilization, market overview, market examination by applications and market impact factors analysis. These reports are resulting with market intelligence, economy and value. The report offers operational advisory and business intelligence on ‘Logistics Advisory Market’, emphasizing on emerging business models, problematic advancements alongside point of reference investigation and achievement contextual analyses. It additionally covers the demand-supply gap, difficulties and specialty sections in the ecosystem

Get Free Sample Copy for more Professional and Technical insights at: https://www.globalinforeports.com/request-sample/1087658

Leading Players are:

Boston Consulting Group, BAE Systems, McKinsey & Company, JUSDA Europe, Rhenus Logistics, Cushman & Wakefield, Ports & Logistics Advisory (PLA), Logistics Executive Group, Booz Allen Hamilton, Bain & Company

The Logistics Advisory report uttered an entire view of this market by substituting it when it comes to application as well as region. Trends examines regional segmentation integrates prospective and present requirement for them from the North America, Europe, Asia Pacific, South America, Middle East & Africa. The report covers the major applications of industry in the leading region.

Major Types are:

Support & Maintenance

Training

Installation

Customization

Application Integration

Major Applications are:

Currency Risk Management & Inventory Optimization

Ocean Logistics

Air Logistics

Truck Logistics

Vendor Selection & Contract Negotiation

Parcel Freight Logistics

Procurement Contract Negotiation

Global Tax Compliance

Avail Discount on Report @ https://www.globalinforeports.com/check-discount/1087658

This Report will address some of the most important questions which are listed below:

Which is the main local/country for the development of the market? What is the anticipated growth rate of the leading regions during the forecast period?

What is the market size of the Logistics Advisory market at the worldwide level?

Which mode of distribution channel is most preferred by the manufacturers of Logistics Advisory?

What the key factors driving, inhibiting the growth of the market and what is the degree of impact of the drivers and restraints?

What is the impact of the regulations on the growth of the Logistics Advisory market?

How are the emerging markets for Logistics Advisory expected to act in the coming years?

Who are the major players working in the global Logistics Advisory market? What is the present market position of the key players? Who are the rising players in this industry?

The Logistics Advisory report stipulates economic scenarios with all the thing value, the principal area, benefits, distributions, limitations, creation, petition, market enhancement, and figure and so forth. The Logistics Advisory report introduces speculation attainability evaluation, a task SWOT investigation, and venture yield evaluation.

Have Any Query? Ask Our Industry Experts @ https://www.globalinforeports.com/send-an-enquiry/1087658

Customization of this Report: This Logistics Advisory report could be customized to the customer's requirements. Please contact our sales professional (sales@globalinforeports.com), we will ensure you obtain the report which works for your needs.

[telecomupdate]

Frost & Sullivan Awards MercuryGate with its 2017 North American Frost & Sullivan Award for Product Leadership for its Transportation Management System (TMS)

MercuryGate's TMS was built from the ground up to be a multi-tenant SaaS solution, and it continues to expand and support easy migration to the cloud

SANTA CLARA, Calif., April 17, 2017 /PRNewswire/ -- Based on its recent analysis of the cloud transportation management systems (TMS) market for the retail industry, Frost & Sullivan recognizes MercuryGate International, Inc. with the 2017 North American Frost & Sullivan Award for Product Leadership. MercuryGate's TMS is a complete software-as-a-service (SaaS)-based, omni-modal platform that boasts a unique combination of procurement, selling, planning, execution, and settlement capabilities across all transportation processes. It features an integrated logistics network, builds parcel capability natively on a single platform, and optimizes private fleets and common carriers, making it a true value provider in the retail industry. While its modular design with multiple solution delivery options and intuitive user interface offers best-in-class user experience, its flexible and affordable pricing model and deployment options enhance customer value.

Frost & Sullivan recognizes MercuryGate International, Inc. with the 2017 North American Product Leadership Award.

Most competitors couple truckload and less than truckload (LTL) in a system and then purchase or integrate with a separate parcel system. This method makes planning and optimizing parcel challenging, especially when integrating with an external system. MercuryGate's strategy is strikingly different as it has parcel built natively into planning and execution on a single platform. This strategy not only facilitates integration and execution on parcel, but also opens opportunities for customers to move parcel into LTL or truckload.

"MercuryGate's fleet management solution is integrated within the same platform, allowing customers to manage the execution, planning, and optimization of private fleets as well as contracted carriers," said Frost & Sullivan Research Analyst Sankara Narayanan. "The integrated logistics network is yet another differentiator for MercuryGate due to its attractive total cost of ownership, short implementation time, and technical and workflow advantages."

Furthermore, the solution offers a dedicated server and on-premise deployment. A common code base enables MercuryGate's customers to connect to the cloud and immediately start using all the services from anywhere, on any device, mobile app, or browser, with low risk.

"MercuryGate is committed to offering innovative solutions that empower our customers to be successful in an evolving supply chain environment," said Monica Wooden, CEO and Co-Founder, MercuryGate International, Inc. "We are honored to be recognized by Frost & Sullivan for our leadership in the TMS market."

To enrich each customer's ownership experience, MercuryGate has designed its TMS suite with innovative product features and functions, such as:

MercuryProcure, an intuitive, easy-to-use procurement solution for transportation bid management and bid response management.

Mojo, a transportation optimization solution built on the same platform.

Carma, a carrier management solution and a repository where customers can manage carriers and their carrier information. It helps customers review carriers' past performance and ensure they meet their requirements.

RateFriend, which provides freight index on both buy and sell market rates across all modes (rail, parcel, air, and ocean). It presents the market rate index by lane, mode, and equipment.

"MercuryGate's TMS is affordable and configurable, allowing customers to incorporate their practices into the solution and position them to scale easily, in line with emerging market trends," noted Sankara. "The company claims to have impressive customer satisfaction scores and one of the highest customer retention rates in the industry. Its continuously expanding customer base consists of customers from a wide range of industries, such as retail, food and beverage, manufacturing, and distribution."

MercuryGate has been growing at a double-digit rate over the last five years and garnered 21% in revenues in 2016. Its extensive product portfolio that addresses a diverse set of applications makes MercuryGate richly deserving of Frost & Sullivan's honor.

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality, gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About MercuryGate International, Inc.

MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today's most successful shippers, 3PLs, freight forwarders, and brokers. MercuryGate's solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail and Intermodal. Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to improve transportation processes, increase customer satisfaction, and reduce costs. Find out why MercuryGate has set the industry standard for the most adaptable, comprehensive transportation solutions suite in the industry at www.mercurygate.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.

Contact:

Chiara Carella P: +44 (0) 207.343.8314 F: 210.348.1003 E: chiara.carella@frost.com

Contact:

Debra Phillips, 904-955-1008 Director of Marketing MercuryGate International, Inc. Debra.Phillips@mercurygate.com

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Read this news on PR Newswire Asia website: Frost & Sullivan Awards MercuryGate with its 2017 North American Frost & Sullivan Award for Product Leadership for its Transportation Management System (TMS)