After more than two years of freight industry volatility, shippers are finally seeing signs of stability. Freight rates are decreasing, capacity is expanding, and shipping demand is tapering off. While there is still some disruption, sparked by factors like driver shortages and fluctuating supply levels influenced by inflation, the new normal for shippers is no longer defined by a daily grind of having to react to an unpredictable freight market.
This year, shippers have an opportunity to refine their supply chain operations so they’re well equipped to navigate any future disruption. And a key factor to building a robust supply chain network design is establishing an agile procurement strategy—one that’s cost effective and unrestricted, and allows shippers to toggle their resources to address freight market issues (current and potential) impacting their network.