Case Study: Stanley Black & Decker achieves multi-million-dollar ocean freight savings with Xeneta

Stanley Black & Decker saves millions and cuts contracts 20% faster with Xeneta

Stanley Black & Decker, a global leader in tools and industrial solutions, faced significant challenges scaling its ocean freight procurement amid market volatility. With over 40,000 FEUs shipped annually, the company needed visibility to secure competitive rates and contract terms but was negotiating blindly without clear benchmarks. To address this, they partnered with vendor Xeneta and subscribed to its Ocean Explore suite of products for market intelligence.

By implementing Xeneta's solutions, Stanley Black & Decker gained a unified source of truth for global procurement, enabling data-driven negotiations and integration with their Keelvar RFQ platform. The results included multi-million dollar savings from securing rates 3-5% below previous levels, a 20% faster contract signing process, and enhanced cross-functional reporting capabilities that provided clear visibility for financial leaders. Xeneta's tools also helped the company mitigate risks during market disruptions and align its international teams.

Stanley Black & Decker