BlogSimpliship Updates for Shippers, NVOCCs, and Freight Forwarders

 

Techies Vs. Brokers

This seems to be a very hot topic in the freight industry both domestic and international. I felt I needed to share my point of view (as well as SimpliShip's) with the logistics community. Let's first discuss how pricing actually works. Below, I'm only specifically discussing those Brokers and Forwards/NVO's (non vessel operating common carriers) who negotiate contracts with Carriers. For the sake of simplicity, I will refer to both international and domestic as brokers.

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Is Your Business Safe from Procurement Fraud?

$2.9 Trillion in potential global loss due to procurement fraud

Procurement fraud is a major issue that has been getting a lot of attention this year. Given the fragmented state of the freight procurement process, there are a lot of gaps in communication and availability of information that are prime spots for scammers to take advantage of your business.

Blur Group released the following stats that showcase just how costly this situation is:

  • 29% of organizations worldwide have been victims of procurement fraud

  • Approximately 40% of ALL global claims have been linked to procurement fraud

  • The US department of defense estimates $42 BILLION is lost to procurement fraud every year in the US

How can you protect your company from procurement fraud?

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SimpliShip and Boston Innovators Group

Last week SimpliShip had a blast at Boston Innovators Group at District Hall. The night was a chance for startups to demo their companies for the Boston start up community and gauge interest from potential customers and investors and we were thrilled to be selected for the opportunity!

We were blown away by the turn out and couldn’t have been more pleased with the feedback we received about SimpliShip! After speaking for hours with entrepreneurs and businesses from all industries, it was clear our mission resonated across them all. Our marketplace offers them a simple way to get the best rates on international air and ocean shipments – a no brainer for any business.

Find out more about future events here – https://www.bostoninnovatorsgroup.com/

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How SimpliShip is Protecting Businesses from Rate Volatility

Earlier this month Logistics Management released their freight rate outlook for 2016. If your business is locked into fixed ocean and air contract rates, you could be headed for some “rough seas” this year. If you’re ahead of the curve and using the SimpliShip Spot Rate Market however, the outlook appears to be much brighter.

How So? Volatility.

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