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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

According to the April report commentary , the industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022. percent drop in cargo volumes. Further indicated was: “ whether or not we have hit bottom of rates is unclear.”

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This Week in Logistics News (April 22 – 28)

Logistics Viewpoints

A steep, across-the-board decline in imported cargo , exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 pandemic. Since the launch of its recycling program in 2009, Best Buy has recycled over 2 billion pounds of electronics and appliances.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009.