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However, there is probably one industry that most of us would not think of in this list: the cargo theft industry. According to the National Insurance Crime Bureau (NCIB), cargo theft in the United States is a $15 to $35 billion industry. Cargo Theft Tactics Cargo theft comes in many shapes and sizes. Keep a vigilant eye.
In September 2022, Macy’s rolled out its first-ever wood-sourcing policy for its furniture sales after more than 150 years in business. The policy follows Macy’s $5 billion commitment announced in March 2022 to become more sustainable in its policies and practices. The average value of cargo stolen in an event was $214,104.
Breakbulk Americas , is the region’s largest trade event for the project cargo and breakbulk industry. The three-day event will take place Tuesday, Sept. According to the FreightWaves, The basic definition of breakbulk is any individual piece of cargo that does not fit into a container and is not carried in bulk.
In 2017, Mark recognized a need for logistics service providers to have better access to cost effective All-Risk Shipper’s Interest Cargo Insurance with focus on Mexico. In 2022 Reliance was acknowledged as the 82nd largest P&C agency in the US. For that reason, Mark founded Borderless Coverage. Mark earned a B.S.,
With Apple’s big event last week, the company claimed that the new Apple Watch will be carbon neutral. Not surprisingly, the company’s largest competitors announced that they too will be kicking off the holiday season with a fall sales event. David Ho, a climate scientist at the University of Hawaii, wasn’t buying it.
Faced with the challenge of limited data availability, he co-founded Vizion, an API-first solution empowering cargo owners, freight forwarders, and software providers to achieve true supply chain visibility by tracking ocean freight in near real-time. With data refreshed multiple times daily, latency is reduced to 6 hours or less.
I want to say a special thank you to Steve Banker and Conrad Hanf who I have worked closely with for the last 10+ years on Logistics Viewpoints as well as countless research projects, surveys, and events. Cargo imported into the U.S. The FLOW initiative was first launched in 2022 as a response to disruptions brought on by the pandemic.
In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long Walmart first announced its next-gen fulfillment center model in 2022. mile-long span. Amazon estimates it spent about $1.2
Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. With the reduction in cargo coming out of Shanghai, some carriers aren’t able to fully load a vessel. s CargoNet.
I was there for the Transporeon Summit to give a keynote presentation (I’ll share my takeaways from the event in a future post). Read more Above the Fold: Supply Chain Logistics News (September 23, 2022).
Slated to compete in four events in Paris, Ledecky has a chance to surpass Jenny Thompson, Natalie Coughlin and Dara Torres (all with 12 medals) as the most decorated female American Olympian in history — and could potentially pass Thompson (eight) to take over the record for the most gold medals by a woman in the sport.
Women’s History Month is an annual declared month that highlights the contributions of women to events in history and contemporary society. The air cargo industry has seen softer market rates due to increased capacity and shippers flocking back to ocean freight services. FedEx Express moves an average of 6.3
More than 10 billion tons of cargo are carried over the waves every year. Geopolitical events are also a factor.”[8] ”[8] Boger goes to explain, “Because of these factors, the scheduling of routes and decisions on which cargo will go onto which ship is a herculean task. ” SupplyChainBrain, 12 April 2022.
Labor shortages , impeding the ability to get cargo unloaded, loaded, or moved. Global events like those experiences in 2021 can shake the foundations of a decades-old industry, but it can also show just how fragile it is. . Container availability , leaving importers scrambling to find space. So what can we learn?
While the industry continues to be rocked by world events, uncertainty has become the new normal. Wildfires, mudslides, and flooding delayed lumber shipments, leading to a shortage that saw the cash market price for lumber reach $1,111 per thousand board feet in 2022 – almost triple its bottom price in August. Supply Chain Dive).
This year’s increased COVID-19 instances, extreme weather events, and Suez Canal closure increased the difficulties. Furthermore, port restrictions and the Ever Given being stranded in the Suez Canal for nearly a week slowed cargo movements and worsened congestion. percentage points. Global chip shortages.
came from trucks carrying cargo. The goal of this collaborative innovation is to move containers at the speed of air cargo through a vacuum tube, an enclosed highly reliable system, connecting ports with their hinterland in a new way, reducing time and carbon emissions. A Synopsis of the ITAP-LogiSYM event. Most of this, 45.1
The top five disruptions for 2024 included: Factory Fires (for the sixth consecutive year) Labor Disruptions Business Sale Leadership Transition Mergers & Acquisitions Some good news shared was that factory fires are reportedly down 20 percent from the previous year and have declined 36 percent from the record high that occurred in 2022.
Market volatility from the ongoing labor shortage on top of increasing consumer demand, rising fuel prices, and port and terminal congestion will continue to challenge supply chains through 2022 and beyond. Given these disruptions, supply chain resiliency will be a critical factor in ensuring the success of your network.
Cargo ships avoiding Houthi attacks in the Red Sea face a different kind of delay-causing threat as they go around the southern tip of Africa: storms and 30-foot swells. In it, Lidl outlined such efforts as reducing scope 1 and scope 2 greenhouse-gas emissions by 63% by the end of 2022 as it works toward a 70% reduction by 2030.
network this year after its initial success at select facilities in 2022. In addition, as part of its mandate to improve safety, GroundCloud’s platform also incorporates video telematics for driving event detection and verification, enabling companies to leverage the insights it generates to inform reactive training programs.
On Monday, Roku announced its 2022 fall product lineup: a revamped version of its entry-level streaming adapter, selling for just $30, and a new, smaller subwoofer priced $50 below its existing model. And it looks like consumers could benefit from inflationary devices this holiday season.
Background The wildfire event is driven by strong Santa Ana winds, which began on January 7, 2025, and are expected to persist through January 15. Federal Aviation Administration records from 2022 indicate that LAX is the 4 th largest airport in the US by weight of cargo landed.
event of 2022, my colleagues, Christina Carroll, vice president of LTL, Alan Rowlett, director of global operations and strategy, and I set out to offer exactly that. Q1 2022 Supply Chain Trends and Hot Topics. There were several popular questions that we didn’t have time to address during the live event.
As air and ocean surface temperatures rise, the likelihood of extreme weather events increases. From 2022 to 2023, extreme weather events grew 4.5%—a a sharp decline in growth compared to 36% from 2021 to 2022. Climate change is expected to increase the frequency of La Niña events in the coming decades.
Sustainable transport was one of the topics discussed during the event’s “Solution Day” on 17 November 2022. In July 2022, a global roadmap for Reaching 100% ZERO-Emission Medium- and Heavy-Duty Vehicles by 2040 was established to prepare an action plan to achieve MOU goals.
Vásquez told the Associated Press, “In the first quarter of the fiscal year, the passageway saw 20% less cargo and 791 fewer ships than the same period the year before.” Drought is causing no end of human suffering; Just in the Horn of Africa, 23 million people were severely food-insecure at the end of 2022 because of drought.
Supply chains are still plagued by external events over which they have little control. The new model being developed in 2022 is customer-centric and strategic in outlook and planning. We’ll look back to events in 2022 that show this transition and transformation in the making. To adapt, the U.S.
Keep a lookout for the first reveal (set for early Feb 2022)! As platinum partners of the first-ever TPMTech event, we can’t wait to meet our network (new faces and familiar ones alike) to dive deeper into learning more about key tech trends affecting shippers and logistics services providers. The post Starting 2022 Right!
Data from these machines can be used to predict events, such as when equipment breaks down. … The need for real-time visibility has become more important than ever before to successfully navigate through supply chain disruptions as cargo is in transit. ” TechRepublic, 10 November 2022. [5]
But if there was some delay in the sorting and packing of the cargo, their trucks would spend additional waiting and idle time at the warehouse. Warehouse management can give the logistics chain a forecast of the cargo and packages which are going to be shipped out of the warehouse. They go to the warehouse at the appointed time.
Drought in China Impact on Supply Chain The Yangtze River Basin, home to Asia’s longest river, boasts a staggering annual cargo volume of over 3 billion tonnes. In August 2022, these water levels fell to 60% below average , marketing the lowest levels seen since 1865.
Included in this June 14, 2022 edition are updates featuring the following providers: ToolsGroup and Onera. In a press event held last week, Oracle Co-Founder and CTO Larry Ellison outlined a series of joint healthcare records objectives leveraging technology from both providers. GreyOrange. Freightos Limited. Oracle and Cerner.
In a prior published commentary, we provided highlights of March and Q1-2022 global production indices along with their implications. We now add highlights of March and Q1-2022 key global transportation and logistics indices. The average LMI index over the first quarter of 2022 was reported as 74.5, and Warehousing Prices (90.5)
YoY Volume Lapses Worry Air Cargo Companies. A step away from a normal holiday peak season , air cargo volumes and rates have continued to fall. While demand remains high, the lack of volume points to a troubling lack of peak season increases for an air cargo industry already struggling with volatile fuel prices.
It’s worth remembering that despite tragic events we’re seeing in the headlines, overall these were the most peaceful 75 years in history. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Freightos and Gesher.
Furthermore, automation systems not only help identify issues, but also prevent such unfortunate events from occurring. They should also offer additional services, like cargo tracking and delivery confirmations. The company should also be insured to ensure the safety of your cargo.
billion metric tons—the emissions have rebounded in 2021 and 2022. A series of unfortunate events. The latter was so severe that cargo ships had to run at half their usual capacity. The post Now or Never: Why Supply Chain Sustainability is Non-Negotiable in 2022 appeared first on Locus Blog. A slow-moving crisis.
Resilinc’s 24/7 risk monitoring platform EventWatch AI reported 3,821 total disruptions and alerts across all industries and risk events monitored by Resilinc: up 8% QoQ. Resilinc data shows a 55% jump in alerts about bankruptcies from Q4 2022 to Q1 2023 and a 90% increase in corporate restructuring alerts.
However, many of these retailers had to resort to mark-downs, at the expense of revenue, to move out most, if not all, inventories that filled up warehouses and arrived at inopportune times due to transportation delays throughout 2022. Thanks for reading Rethinking supply chains! Subscribe for free to receive new posts and support my work.
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