FSEA Gold Leaf Awards (CONT’D FROM PAGE 18)
curement issues, concerns and trends brought on by the COVID-19 pandemic that will remain top-of-mind in 2022. “COVID-19 has fundamentally changed the way the entire logistics industry operates – particularly when it comes to freight procurement,” said Mike Nervick, CEO and Co-Founder of Sleek Technologies. “From sky-high rejection rates and costs, to navigating the increasingly murky spot market, the pandemic and supply chain crisis have been one of the most disruptive periods in the histo- ry of freight procurement. This research helps to illuminate the issues and trends that some of today’s biggest ship- pers are keeping in mind as we try to work through the pandemic in 2022.” Here is an overview of the study’s key findings: Accord- ing to the research, 97 percent of shippers say they plan to increase their freight procurement budgets in the wake of COVID with hopes of being able to better manage capac- ity, increase agility, bolster cost management and deliver better overall results. Furthermore, of all respondents, 52 percent are expected to increase their freight procure- ment budget by 25 percent or more year over year. “These findings illustrate just how competitive the freight procurement space has become over the last 18- 24 months,” said Nervick. “From boosting technology to trying to absorb higher costs, freight procurement profes- sionals are having to ramp up their budgets to beat out competitors and meet customer expectations.”
images and more. New technologies have fueled growth, too, with expanded award categories in areas such as dig- ital foil and specialty UV coatings. Entries are judged on design, execution and level of difficulty in more than 30 categories, with a gold, silver and bronze award present- ed in each. A “Best of Show” award will be selected from among all of the Gold Award winners. All winning companies will be announced at Amplify, The Print Finishing and Embellishment Event, to be held June 14-16 in Minneapolis, Minnesota. Competition win- ners also will be highlighted in promotional campaigns, in trade publications and on the FSEA website. To submit en- tries or for complete information on rules, regulations and entry fees, visit the FSEA website at www.fsea.com . Study: 97 Percent Of Shippers Set To Increase Freight Budgets In 2022 Sleek Technologies, a leader in freight procurement au- tomation, has announced the release of its 2022 State of Freight Procurement Research Report. The study – which polled 300 senior logistics decision-makers across the C-Suite, SVP and VP / Director levels at manufacturers, re- tailers or distribution centers with an annual freight spend of $100M+ – delved into the most pressing freight pro-
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January 31, 2022
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