The CSCMP EDGE 2022 conference, held in Nashville this year, was the place for supply chain professionals to gather, discuss transportation challenges, and brainstorm creative solutions - and the perfect environment for us to introduce our patented technology.
We sent some of the Flock Freight team to share the benefits of shipping shared truckload (STL) - like saving up to 20% more and helping lower carbon emissions.
We also hosted an executive luncheon where Flock’s CRO, Justin Turner, spoke about shipping challenges and how to overcome them.
Between those and the many other informative sessions, there were loads of valuable freight content to be had.
If you couldn’t make it or simply want a refresher on what was covered, below are 6 key lessons from CSCMP EDGE 2022.
In 2021, supply chain inefficiencies were caused by unoptimized trucking routes, trans-loading, high damage, changing size restrictions, and accessorials.
Let’s dive a little deeper into how these inefficiencies impact shipping operations:
While labor shortages are often out of your control, these inefficiencies breaking supply chains have attainable - and often simple - solutions. As we head into the upcoming holiday season, we’ve outlined some steps you can take to strengthen your supply chain in our 2022 Peak Season Guide.
Delays averaged 1 to 2 days in 2021, with some freight arriving 5 to 6 days late. Shippers at CSCMP EDGE told us that often, these delays were due to damages. To combat late delivery, expect delays and plan ahead by factoring in the entire transit time for moving your goods.
Flock’s study with Drive Research found that 26% of LTL shippers say they “often” replace and reship damaged goods while 45% had to reship “sometimes.” Freight damage is more common with LTL and VLTL services because they involve more handling than other shipping modes - often LTL will have 4-5 separate transloading points. By shipping via shared truckload, shippers incur 8.7x less damage than traditional LTL.
Many shippers we spoke to at CSCMP EDGE mentioned growing concerns and frustrations with excess LTL fees and accessorials. Some have tried switching to TL to avoid these fees, but as we saw in our research study, more than 51% of trucks on the road aren’t actually full.
Booking TL can potentially help shippers avoid accessorial and OTIF fees, the cost of moving trucks that aren’t full offsets any potential savings.
To cut down on shipping costs and lower prices, shippers should avoid underutilized truckloads (TL) and build strategies around reducing accessorial and OTIF fees–if you need help finding a more efficient shipping method, connect with us!
Environmental impact is top of mind for the shippers we spoke with at CSCMP EDGE. Most of the inefficiencies mentioned are increasing carbon emissions, wasting energy, and multiplying environmental risks.
Shippers can begin to reduce their carbon footprint by eliminating transloading, reducing damage, and shipping along optimized routes. Sounds like a lot, right? Luckily, shipping shared truckloads can help solve these inefficiencies and in turn, make your supply chain more sustainable.
The overall sentiment from CSCMP EDGE is that many shippers are unsatisfied with their current process for shipping midsize freight - it’s time for a better alternative.
Shared truckload (STL) enables several shippers to share trailer space in one multi-stop full truckload. The benefits of shared truckload extend beyond transit time into cost efficiency. With STL, shippers only pay for the space they need and will never see rate changes since there is no need to designate a class or cube.
By maximizing efficiency, STL gives shippers faster and cheaper shipping in the midst of supply-chain disruptions and fluctuating market conditions.
CSCMP EDGE gave us a lot to think about. We’ve identified the inefficiencies in supply chains and know which ones we can control. Now, it’s time to act.
Here’s what you can do now to start optimizing your supply chain operation today:
Harness the power of shipping shared truckload with Flock Freight. Request a Demo
Prioritizing Partials: Taking Midsize From Overlooked To Always Booked
In this whitepaper, we look at how the shipping industry overlooks partials more than any other load size, and how a new service option offers a different and more cost-effective solution - Shared Truckload! Download Now!
Inefficiency - Not Just the Labor Shortage - Is Breaking Supply Chains
This report reveals new data and actionable insights to help today’s shippers overcome their most pressing challenges. Download Now!
A Shipper’s Guide to Navigating Post-Pandemic 2022 Holiday Freight
In this educational and informative guide, we take a look at how to navigate the shifting market demands with these industry insights and tips for maintaining a steady supply chain during this peak shipping season. Download Now!
More Resources from Flock Freight
Related Article: Shared Truckload Freight Increases Carrier Revenue by 20%