How Port Congestion Is Causing a Markup in Shipping Container Prices

How port congestion is causing a markup in shipping container prices, Fishbowl Blog

Supply chain complications and the ever-evolving pandemic have meant strange times for the container shipping industry, including port congestion and wild price fluctuations. There’s also a massive shipping container shortage playing out. If anyone was hoping that things would eventually return to normal, that’s not looking to be the case. 

Securing $59 billion in profits for the first quarter of 2022 certainly was a promising achievement, as it set new records and was driven almost entirely by competitive pricing. However, it doesn’t change the arduous state that the logistics and shipping industry is currently facing.

Those shipping and container prices will continue, and all-time highs may also occur, but it’s still important to consider the primary factors for these trends. What else is causing a high markup in shipping container prices? Is it port congestion, demand, and freight increases, or is it something else entirely? When is the shortage going to end?


What Is the Right Price to Pay for Inventory Software?

What is the right price to pay for inventory software, Fishbowl Blog

A question every business needs to ask is: how much does inventory management software cost.1 You can’t expect to get something for nothing. But you should be able to expect high quality for the right price.

For example, you might try something extremely cheap at first. If you use a solution like Excel to manage your inventory level manually, you’re limited by its features. Excel is not designed specifically for inventory management. So it won’t be able to automate your business processes.

On the other hand, there are incredibly expensive solutions, such as ERPs. Those types of solutions are probably overkill in many ways. First, they offer too many features that a small business doesn’t need. Second, they are too expensive. What you need, most likely, is something in between the extremes. An affordable solution that will meet your needs now and grow with you in the future.

Let’s talk more about how to find the best inventory management software for you. At a reasonable price.


How Fishbowl Compares to NetSuite

Fishbowl compares well to an ERP like NetSuite, Fishbowl Blog
Fishbowl compares well to an ERP like NetSuite, Fishbowl Blog

While NetSuite is a full ERP and Fishbowl is an inventory management solution, Fishbowl nonetheless stacks up surprisingly well compared to NetSuite. You can see that comparison on the Fishbowl vs. NetSuite page. The chart briefly matches up the two solutions based on the following criteria:

  • Order Management
  • Procurement
  • Manufacturing
  • Bill of Materials
  • Warehouse Management
  • Supply Chain Management
  • Product Management
  • Reporting and Business Intelligence
  • Accounting Integration
  • Flexibility
  • Ease of Use
  • Price

Fishbowl and NetSuite are equally capable of accomplishing the first eight criteria, but Fishbowl outshines NetSuite in the final four. Keep in mind that some things are referred to by different names in each solution. For example, Fishbowl calls the assembly of new products manufacturing and NetSuite calls it production. Let’s go more in depth on each of these bullet points to specifically show their similarities and differences.


Discount Module Hotkey

Cutting dollar bill with scissors, Fishbowl Inventory Blog
Cutting dollar bill with scissors, Fishbowl Inventory BlogThe Discount module offers a single hotkey that is quite important. All you have to do is select a discount and then click the two buttons below to edit it. If you haven’t selected a discount from the list of ones that are currently available, you will be prompted to do so by a message that pops up. Of course, you can also click CTRL + N to create a new discount, but that is the same across the vast majority of Fishbowl’s modules. Here is the Discount module’s hotkey: (more…)

Pricing Rule Module Hotkey

Fishbowl's reports allow for printing many barcodes, Fishbowl Blog
Fishbowl's reports allow for printing many barcodes, Fishbowl BlogLast week we covered the single hotkey that is specific to the Customer module and we addressed the fact that it is only available to users that have the access right to create new customers. There is not such a major restriction on the hotkey in the Pricing Rule module. Pretty much any user with access to the Pricing Rule module will be able to adjust product prices, so it shouldn’t be an issue. With that being said, here is the only hotkey that is exclusive to the Pricing module: (more…)