This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
tariffs on imports from Canada, Mexico, and China is impacting global trade networks, affecting industries ranging from automotive and electronics to agriculture and energy. auto parts are sourced from Mexico, making the tariff impact immediate and severe. China has tightened export controls on U.S. Approximately 40% of U.S.
Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. Why I Am Worried.
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. to 0.85 (Source: ShipBob ). One of the most prominent shifts has been sourcing patterns. The key takeaway?
However, as air freight rates climb and capacity tightens and questions regarding the future of US de minimis, interest in ocean freight services is on the rise. Indeed, over the past couple of years, online platforms have introduced ocean freight services that target SMBs. fulfillment center network. fulfillment center network.
If you don’t want to click through, you can subscribe to our weekly roundup or visit our own COVID-19 update page , which includes expert tips for managing freight during the crisis alongside the latest developments in logistics. Finally, you can always get free access to our Freightos Baltic Index daily freight index here.
Disclaimer: This article is a zoom out for the less freight-inclined. If you have a deeper understanding of freight, you might want to check out our Freightos Baltic Index daily container index instead. Let’s talk freight. . And it’s not just ocean freight. More freight costs, higher consumer costs.
Air Freight Rates Peak, Ocean Rates Slowly Sink: Freight Rate Update Wk 50. Beyond bad weather and peak season, there are several other contributing factors for the air freight increase, including brisker world trade, burgeoning cross-border e-commerce, and air freight growth for several non-retail sectors. China-Europe.
This strategic move has not only circumvented significant costs but also dramatically increased air cargo demand from China, particularly from hubs in Hong Kong and Guangzhou, impacting traditional logistics and shipping frameworks. From Q3 2021 to early 2022, Freightos Air Index China-U.S. These rates dipped to around $3.50/kg
But SHIFEX, the freight forwarder rate index, recently recorded the lowest ocean freight rate between China and the port of Long Beach in 24 months —a rate of $3,500 to move a 40-foot container. Economists are beginning to speak of “immaculate disinflation.” This is an 80% drop year on year drop.
There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. The increasing issues with tax and tariff shifts and the policies of China make the response more complicated. Rolling Electrical Outages in China. With only 5.8%
” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Deaths in Hong Kong are at a record level as COVID outbreaks slow freight at Shenzhen and Qingdao ports in China.
My first focus was on Chinasourcing. China was the source of over 90% of PPE.) Border crossings will be tough, and the infrastructure for the ocean and air freight tumultuous. Explore alternative analytics and data sources to eliminate black holes. A Sample Demand Pattern for Consumer Goods. The answer?
The two recent crises in global trade – the outbreak and the US-China trade war – show how vulnerable small and medium size businesses (SMBs) can be to shocks to the supply chain, but also point to ways to mitigate that risk. million freight containers each year. The (Digital) Rise of SMBs. Coronavirus Impact.
There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. The increasing issues with tax and tariff shifts and the policies of China make the response more complicated. Rolling Electrical Outages in China. With only 5.8%
Growing tensions between China and trading partners. As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. Build in-market sourcing. Rationalize global strategies to focus on building markets based on in-market sourcing. Over four-hundred days of war in Ukraine.
Wouldn’t it be amazing if someone could cut through the hype and summarize the key freight and logistics trends every month? If you prefer to find the news yourself, head over to our free roundup of nearly 100 digital logistics and supply chain news sources. China’s slowing economy is generally bad news for the freight industry.
A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. We’ve seen, for example, instability in ocean freight, cost, and issues with [Los Angeles] ports in past years. Luckily for Mexico, the U.S.
Since we live and breath freight, we constantly come across information that’s critical for our customers – logistic providers, shippers and carriers. And as freight innovators ourselves, we love seeing more innovation. Freight Rates News that rates for freight and logistics trends – October 2015.
Freight Rates News. Freight and logistics trends that rate in the news. Check out our roundup of nearly 100 digital logistics/supply chain sources. It broke records in China and elsewhere in Asia. MEDIUM TERM: CHINA’S BELT AND ROAD INITIATIVE. DECEMBER 2015. We summarize key monthly trends in six sections.
The sheer influx in demand, combined with the variety of supply chain stressors, also catapulted global freight to new levels of infamy (although none perhaps as famous as the Suez Canal blockage). Freight rates as a forward looking indicator of CPI. Let’s start by taking a look at global ocean freight prices. Sources: U.S.
Without a doubt 2020 will be etched in our memories as the year of multiple disasters, with the Covid-19 pandemic, trade issues between the US and China, wildfires in Australia, social unrest in Hong Kong, drastic declines in oil prices, turbulent financial markets and other politically dominated issues in emerging markets.
For example, it can look like imports from China are cheaper than the same goods imported from Mexico if a company is not relying on analysis produced by an advanced good global trade compliance (GTC) system. Furthermore, the transit time from Mexico averages just 8 days versus 40 to 48 days from China. FTZ’s have many advantages.
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. Dozens more are awaiting delivery to China.
Importing From China! Either they can’t get products at all or there is a massive delay in when they can get them, resulting in upset customers, frustrated business owners, and overworked freight companies. Here are the three ways a 3PL fulfillment agent in China can keep your e-commerce company competitive. The Essential Guide!
The impact of the COVID-19 pandemic followed by supply chain disruptions around the world has sparked a resurgence of companies bringing sourcing and manufacturing back to the United States or closer to U.S. Companies are coping with rising costs to source and produce goods in China and other Asian locales. trade with Asia.
There is no planning model in traditional solutions that recognizes a logistics bottleneck and drives bi-directional orchestration across source, make and deliver. The increasing issues with tax and tariff shifts and the policies of China make the response more complicated. Rolling Electrical Outages in China. With only 5.8%
In two recently published scientific papers , an international team of scientists offered the strongest evidence to date that the COVID-19 pandemic originated in animals at a market in Wuhan, China. So how did an African pangolin end up in a food market in China?
UPS Broadens Multimodal Express Portfolio with China-Europe Rail Offering. Moving on to other news, UPS announced the addition of a Full Container Load (FCL) rail solution to its China-to-Europe transportation lineup. Combining the rail movement with a truck network, UPS can provide service to customers throughout China and Europe.
A TMS helps companies move freight from origin to destination efficiently, reliably, and cost-effectively. Finally, in making sourcing decisions, global trade compliance needs to be part of companies strategic sourcing programs. Secondly, one core supply chain application is a transportation management system.
His mission is to help craft the firm’s growth strategy while assisting with deal sourcing, capital raising, and the creation of value within portfolio companies. John also shared his logistics industry outlook which includes insights on the truckload, LTL, and freight brokerage markets. market share could grow to have 3.0%
Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers. Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. Why I Am Worried.
Walmart announced that it will pilot agriculture technology with crop supply intelligence company Agritaskto get real-time information on crops and improve sourcing decisions around produce. The USDA has estimated that 30 percent of food loss occurs during agricultural production and harvest.
The surging Delta virus, devastating floods in China and Germany and cyber attacks on South African ports are amongst the latest in a series of events that continue to send shock waves throughout the system. For more than a year, global supply chains have been buffeted by one major disruption after another. The impact?
Riding this wave were droves of Chinese or Indian manufacturers that can now tap into digital platforms to source, import and sell directly to SMBs or consumers online. Two Retail Paths Diverged In The Forest… Alibaba and Amazon are at the heart of the new digital sourcing and retail, both with very different methods.
But then global freight kicked in. . It really got tricky when we hadover thousands of unitsin production and were starting to book freight and suddenly realized that the cost of freight was almost 4 or 5X what we had budgeted. Take Conner, the manufacturer of FORT, a magnetic pillow fort. It’s suddenly about the economy.
Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. While Facebook is looking at virtual reality, Alibaba and Amazon are looking more at freight. More on Maersk’s transition to an end-to-end provider can be found in this 2020 report.
I was on the phone with Australia, China, Indonesia – really everywhere – trying to negotiate directly with suppliers. Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source. But there was a cost to this.
Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. It links business records, data sources, and systems into a centralized system and integrates seamlessly with business-critical applications. Lesson #1: Global supply chain challenges have businesses turning to local suppliers.
Early in the pandemic, the company organized an airlift of two flights per week to deliver several hundred million masks from China to France. To help our customers keep track and make informed decisions about their freight transportation options, we have developed “ a logistics eco-calculator” hosted on our website. pandemic response.
China trade tensions, Covid-19 measures and the Russia-Ukraine crisis. For instance, Maersk and CMA CGM are building end-to-end logistics capability chains, while over USD 6bn was invested by VC investors in freight marketplaces alone through 2019. Source: US Census Bureau. But what will really happen?
Apple, others face shipment delays as China Covid curbs squeeze suppliers. Shipments of some Apple products, as well as Dell and Lenovo laptops, are likely to face delays if China’s Covid-19 lockdowns persist. Richard crossed the finish line at 2:52 pm, which was almost the exact time the bombs went off.
China trade war made supply chain leaders aware of the weaknesses of their globalized supply chains and question the logic of heavily outsourced, concentrated and interdependent networks. Instead, these organizations would be able to move freight over the road, via rail and multimodal carriers.
Lead times are typically 30-45 days for ocean freight, plus production time. While China has strengthened its IP laws, enforcement remains inconsistent. Raw material prices and freight rates can swing dramatically, affecting landed costs. Add another 14-21 days for customs clearance and inland transportation.
I think it’s more that the idea of sourcing and how to buffer certain inventory will be definitely more localized. I don’t think that they will step back from this big investment, and also, for example, when you look at China, China is in five years, I think the biggest economy in the world.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content