Mini-Bids and Market Indexing: Strategies for Contracting Logistics Services

Mini-Bids and Market Indexing: Strategies for Contracting Logistics Services

This IDC Perspective examines strategies for contracting transportation services across global logistics networks to address shortcomings of traditional approaches that have been exposed as insufficient in the face of disruption. "As contracting cycles return to more typical timelines and the mad scramble to capacity subsides, the opportunity to take a fresh approach exists to alleviate contract pain points. A collaborative, data-based approach provides the framework to sustain partnerships and supports the growth of resilient networks and operations," says Travis Eide, research director, Transportation, Logistics, and Global Trade.

Please Note: Extended description available upon request.