Shipping certainly has its challenges these days. On the one hand, companies are under pressure to deliver orders faster than ever. On the other hand, trucks transporting goods drive around 40% empty on average. In fact, various studies show that 25% of all trucks are entirely empty.
That makes it tough to deliver orders faster than ever without a significant increase in the number of trucks on the road. Unless, of course, new opportunities to fill trucks more completely are up for consideration. Collaborative shipping is just such an option.
In fact, collaborative shipping has sufficient promise that it is evolving from an occasional pilot toward achieving critical mass within industry, promising to improve logistics efficiency significantly. Quite simply, collaborative shipping, also known as shared shipping, manages fluctuations in supply and demand as parties from different supply chains join forces to combine their shipping operations most efficiently.
Companies combining shipping capacities is neither new nor unique. However, in today’s approach, companies collaborate differently than in the past. As required, they adjust their planning and bring forward or delay the dispatch of their goods when it’s most advantageous to all. That’s new and different.
This complete article is available to subscribers only.
Log in now for full access or start your PLUS+ subscription for instant access.
SC
MR
Shipping certainly has its challenges these days. On the one hand, companies are under pressure to deliver orders faster than ever. On the other hand, trucks transporting goods drive around 40% empty on average. In fact, various studies show that 25% of all trucks are entirely empty.
That makes it tough to deliver orders faster than ever without a significant increase in the number of trucks on the road. Unless, of course, new opportunities to fill trucks more completely are up for consideration. Collaborative shipping is just such an option.
In fact, collaborative shipping has sufficient promise that it is evolving from an occasional pilot toward achieving critical mass within industry, promising to improve logistics efficiency significantly. Quite simply, collaborative shipping, also known as shared shipping, manages fluctuations in supply and demand as parties from different supply chains join forces to combine their shipping operations most efficiently.
Companies combining shipping capacities is neither new nor unique. However, in today's approach, companies collaborate differently than in the past. As required, they adjust their planning and bring forward or delay the dispatch of their goods when it's most advantageous to all. That's new and different.
SC
MR
More Ports & Shipping
- Shining light on procurement’s dark purchases problem
- As Red Sea Crisis Drags On, Shippers Eye Alternatives
- Global Container Shipping Industry Sets Sights on Tech Investment, Capacity Concerns
- US Ports to Share $653M in Funding to Improve Throughput, Reduce Emissions
- The Astonishing Port of Laredo
- Navigating the Panama Canal Drought: Tips to Get Your Shipments Moving
- More Ports & Shipping
Latest Podcast
Explore
Topics
Procurement & Sourcing News
- How S&OP provides the answer to in-demand products
- There is still work to do to achieve supply chain stability
- Blooming success: The vital role of S&OE in nurturing global supply chains
- How one small part held up shipments of thousands of autos
- Shining light on procurement’s dark purchases problem
- 40% of procurement leaders ignoring sustainability, study reveals
- More Procurement & Sourcing
Latest Procurement & Sourcing Resources
Subscribe
Supply Chain Management Review delivers the best industry content.
Editors’ Picks
