Between March and May 2022, Ti undertook its Global Freight Procurement Survey, designed to provide insight into logistics purchasing behaviour trends. Our latest whitepaper provides a summary of the survey key findings and addresses capacity, use of the spot market, contract types and lengths, data usage and resilience strategies.
Key Findings:
The primary reason to turn to the spot market in the past 12 months was to get access to capacity.
The majority of shippers don’t use real-time data to support their freight procurement decisions (55.4%).
Reducing operational costs continues to be top of mind for shippers as ‘Price’ is considered the most important criterion when selecting transportation partners.
An overwhelming majority of shippers have done a modal switch in the past 12 months (72.3%), highlighting that shippers have quickly reacted and adjusted to the new reality and market changes.
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