Legacy systems often get a bad rap as old software that is outdated and difficult to replace. There has always been a belief that somewhere there exists one superior logistics platform that can replace aging systems and transform technical capabilities, providing an advantage over your competition. But perhaps there’s a better solution — working with a third-party logistics provider that’s already developed a solution.
Savannah’s ocean ports feature skyscraping silver cranes that stand at attention on the water’s edge. Container ships stretch the length of four football fields, with 40-foot containers stacked behind them like multicolored Lego bricks.
Established U.S. logistics firms say digital-friendly freight startups that are drawing growing interest in Silicon Valley still lack the scale and customer relationships to threaten their share of the market.
When people say, “Incoterms are simple, pick one and use it in all your contracts,” it should be clear they really don’t understand them, and can’t use them to the advantage of their company.
China will let foreign automakers from Volkswagen AG to Ford Motor Co. own more than 50 percent of local ventures, removing a two-decade restriction and giving a boost to global companies seeking to capture a greater share of the world’s largest car market.