


Shanghai, Back to School, Fall Peak, And More– Are You Prepared?
Michael Paul, Sleek's VP of Sales, has been helping shippers source qualified carriers for years now, and based on his expertise and what he's witnessing overseas, he is predicting a high-water mark of containers will soon generate another capacity crunch at US Ports. To help support his point, Michael Paul said, "The Port of Savannah this past week moved 255K TEUs, and the same week in 2021 only moved 170K. Thankfully, port leadership had strong foresight and created a number of container yards which resulted in only 12-15 containers on water, versus 40-50." Here are additional challenges, and what shippers can do now to proactively prepare to weather the approaching capacity crunch storm. New Shanghai Quarantine Measures Will Have Resounding Impacts This past April and May, as part of continued quarantine efforts, Shanghai closed several important highways which negatively impacted trucks carrying exports bound for city ports. To help mitigate delays, shippers began to rely on Ningbo and other smaller loading ports along the Yangtze River as alternate port destinations. As a result, the Port of Ningbo is now showing an increase in congestion. Just as production and manufacturing levels were resuming in Shanghai, new restrictions were implemented which will negatively impact the supply chain and freight procurement. During the initial lockdown period, a trucking slowdown led to raw material shortages for large companies such as Volkswagen and Tesla. “Before the latest restrictions, truck drivers were still required to provide a nationally recognized 48-hour negative Covid test result and traffic permit”, said Akhil Nair, Asia-Pacific VP at Seko Logistics. He also noted that local governments continue to demand more testing....
Sleek Technologies Awarded “Procurement Solution of the Year” In 2022 SupplyTech Breakthrough Awards Program
Sleek Technologies Wins Procurement Solution of the Year from Annual Awards Program Which Recognizes Innovation in the Global Supply Chain Technology and Logistics Industry CHICAGO, June 16, 2022 (GLOBE NEWSWIRE) -- Sleek Technologies, leaders in freight procurement automation, today announced it has been recognized as “Procurement Solution of the Year” by SupplyTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout technology companies, products and services in the supply chain technology and logistics industry around the globe. “What an honor it is to be singled out in the SupplyTech Awards program. Our automation technology was designed to disrupt and advance freight procurement, and we’ve done just that! Our growing customer base is reducing truckload cost by 10-20%, while delivering 97%+ OTD regardless of market conditions” said Mike Nervick, CEO and Co-Founder of Sleek Technologies. “We’ve figured out how to automate the $700B trucking industry. With AI-powered technology and 100% data transparency, we uncover resilience, sustainability and cost reduction opportunities that empower shippers to always deliver the products the world wants and needs on time, and at fair market price.” Sleek Technologies has advanced freight procurement by replacing inefficient manual processes– such as RFPs and brokers– with freight procurement automation technology that offers the most comprehensive load matching solution in market. By automating freight procurement, shippers can effectively manage the unpredictable freight market to always deliver goods on time, at fair market price. As a load becomes available, freight capacity is expanded dynamically. 80+ configured shipper attributes, predictive AI algorithms, and a system of measures to gauge the likelihood of a specific driver’s interest in a particular load/...