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Striving for perfect accuracy in freight forecasting is unrealistic given the inherent uncertainties in the shipping industry.

Add in the fact that most businesses still require a 12-month budget forecast, and the job of the ops/supply chain manager doesn’t get any easier.

Fortunately, challenges around accurate budgeting are shared across the industry, and this has spurred a wave of innovation and adaptation, transforming the way shipping companies forecast and manage their freight budgets.

Organisations today can employ a combination of data analysis, predictive ...

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