WHY FREIGHT BENCHMARKING & MARKET INTELLIGENCE SHOULD

BE PART OF SUPPLY CHAIN PLANNING

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@XENETA_AS

ABOUTXENETA

At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.

With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution to these challenges.

WE ARE TRANSFORMING GLOBAL LOGISTICS

CONTACT US. ARE YOU PAYING THE

RIGHT CONTAINER FREIGHT RATES?

DISCOVER SAVINGS POTENTIAL IN REAL

TIME.

BY DOING IMPORTANT ANALYSES ON AN ONGOING BASIS, SHIPPERS CAN GAIN A BETTER UNDERSTANDING AND INSIGHT INTO THE MARKETS THEY ARE SERVING AND, THEREFORE, BECOME PROACTIVE INSTEAD OF REACTIVE TO THE CONSTANT CHANGES IN THE OCEAN FREIGHT MARKET.

ACCORDING TO THE CONSULTING COMPANY, BAIN & COMPANY, THE OBJECTIVE OF BENCHMARKING IS TO FIND EXAMPLES OF SUPERIOR PERFORMANCE AND TO UNDERSTAND THE PROCESSES AND PRACTICES DRIVING THAT PERFORMANCE.

COMPANIES THEN IMPROVE THEIR PERFORMANCE BY TAILORING AND INCORPORATING THESE BEST PRACTICES INTO THEIR OWN OPERATIONS.

WHY ANALYZING CONSTANT CHANGES IN

THE OCEAN FREIGHT MARKET IS IMPORTANT.

BY DOING THESE IMPORTANT ANALYSES ON AN ONGOING BASIS, SHIPPERS WILL GAIN A BETTER UNDERSTANDING AND INSIGHT INTO THE MARKETS THEY ARE SERVING AND, THEREFORE, BECOME PROACTIVE INSTEAD OF REACTIVE TO THE CONSTANT CHANGES IN THE OCEAN FREIGHT MARKET.

SHIPPERS MAY ALSO GAIN A COMPETITIVE ADVANTAGE BY NOT ONLY ACHIEVING THE MOST FAVORABLE FREIGHT RATES BUT ALSO IDENTIFYING TRADE LANES IN WHICH THEY COULD FURTHER LOWER COSTS AND REDUCE TIME IN TRANSIT.

ARE YOU PAYING THE RIGHT CONTAINER

FREIGHT RATES?

DISCOVER SAVINGS POTENTIAL IN REAL

TIME.

IDENTIFY OPPORTUNITIES.

BENCHMARKING AND MARKET INTELLIGENCE OFFER MANY BENEFITS AND THANKS TO TECHNOLOGY DEVELOPMENTS ONE CAN AUTOMATE MUCH OF THE PROCESS.

HOWEVER, BEFORE ONE JUMPS INTO THIS, ONE MUST DECIDE ON A FEW KEY POINTS:

Decide who and what to benchmark against

What strategic objectives should be the focus

What costs should be measured

Determine key performance indicators

Monitor results and implement an action plan

BY PLANNING AND IMPLEMENTING A BENCHMARKING PROCESS, SHIPPERS WILL RECEIVE VALUABLE DATA THAT CAN BE ANALYZED AND UTILIZED A NUMBER OF WAYS SUCH AS TO DETERMINE HOW WELL SHIPPERS ARE PERFORMING IN THE MARKET, CAN USE IT AS A COMPETITIVE ADVANTAGE, CAN IDENTIFY AND EVALUATE NEW BUSINESS OPPORTUNITIES.

NO MATTER THE SIZE OF THE SHIPPER, BENCHMARKING WILL LEVEL THE PLAYING FIELD BY ALLOWING BIG AND SMALL SHIPPERS TO COMPETE ON THE SAME LEVEL.

LEARN HOW XENETA CAN HELPYOU GET INSIGHT AND

INTELLIGENCE INTO YOUR GLOBAL OCEAN FREIGHT PRICES AND CHANGE YOUR LOGISTICS

BUSINESS:

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