project44 Launches Detention & Demurrage Optimization to Better Manage Risk and Reduce Costs

project44 has already saved customers $150M+ in detention & demurrage costs and, with this new product, will help customers realize value even faster

CHICAGO, May 22, 2024 /PRNewswire/ -- Today, project44, the leader in supply chain visibility and the only High-Velocity Supply Chain Platform, announced the addition of Detention & Demurrage Optimization to its Movement platform. Detention & Demurrage (D&D) Optimization helps shippers understand real-time risk and incurred demurrage and detention costs to optimize their supply chain to minimize these costs.

"project44 is committed to helping our customers optimize their supply chain from production to doorstep. Because detention and demurrage can cost them tens of millions of dollars annually, we sought opportunities to help them reduce these costs," said AJ Wilhoit, Chief Product Officer at project44. "With D&D Optimization, our customers gain a better understanding of their supply chain operations, enabling them to mitigate detention and demurrage based on data from their custom contracts, bringing them one step closer to achieving a high-velocity supply chain."

Because this new solution uses customers' custom contracts, they get unparalleled accuracy of detention and demurrage cost information and real-time risk insights. D&D Optimization also includes key terminal milestones and container status data to help customers take action on containers incurring or at risk of incurring fees. With these insights, customers can minimize fees for in-transit shipments and further enhance their supply chain.

Key product features include:

• Detention and demurrage fee calculations at the shipment level based on custom contracts between the customer and their terminals and ocean carriers
• Detention and demurrage dashboard experience with real-time and historical data for identifying risk areas and trends over time
• In-terminal data points by container, including last free demurrage day, carrier holds, location in the terminal, and more

"At Tailored Brands, our partnership with project44 has been transformative throughout the past few years. The end-to-end visibility provided by project44's platform has been instrumental in our operations, allowing us to make informed decisions and streamline our supply chain," said Jamie Bragg, EVP & Chief Supply Chain Officer at Tailored Brands. "In fact, project44 has enabled us to gain visibility into inbound receipts 180 days out, which has been a game-changer. We look forward to continuing our collaboration with project44 to drive further efficiencies and supply chain cost reductions."

Only project44's comprehensive data set can provide the unparalleled accuracy needed by customers to proactively mitigate detention and demurrage expenses and alleviate a significant financial strain within their supply chain operations.

Learn more about Detention & Demurrage Optimization here.

About project44? 
project44 is on a mission to make supply chains work. Movement by project44, the only High-Velocity Supply Chain Platform, enables shippers, LSPs and carriers across the globe to reduce costs, optimize operations, deliver an exceptional customer experience and drive greater resiliency and sustainability. Having built the industry's largest and most connected ecosystem, project44 provides visibility into over 1 billion shipments annually for over 1,300 of the world's leading brands within manufacturing, automotive, retail, life sciences, food & beverage, CPG, and oil, chemical & gas.    

project44's commitment to excellence was recognized across organizations and awards including being named the Leader in the 2024 Gartner Magic Quadrant and as the "Customer's Choice" in Gartner's 2023 Voice of the Customer report, a twelve-time leader on G2's Supply Chain Visibility Grid, Google Cloud Partner of the Year, and SAP Pinnacle Award winner. project44 is headquartered in Chicago with a diverse team spanning 19 global offices including Amsterdam, Bangalore, Kraków, São Paulo, Shanghai and Tokyo. Learn more at project44.com.  

Media Contact:
press@project44.com

SOURCE project44