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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, the Red Sea crisis proved that for global supply chains, there is no such thing. With this fresh in mind, how are small and medium-sized importers preparing for 2024? This is a significant shift from late 2021, when 93% faced serious disruptions.

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Hurricane season 2024: how to prepare your supply chain

Resilinc

Prepare your business for the stormy seas of the 2024 hurricane season. Outlook for hurricane season 2024 This year, hurricane season starts June 1, 2024, and ends November 30, 2024, and will primarily affect the Atlantic Ocean, the Gulf of Mexico, and the Caribbean Sea. This can lead to increased freight rates.

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January 3, 2024 Update

Freightos

More Resources Home January 3, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11) increased 151% to $4,042/FEU.

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Realities Impact the Global Ocean Container Industry

Supply Chain Matters

The advisory defined further opportunities as extended joint procurement agreements, joint operations and equipment pooling in the short-term, and joint back-offices, shared service centers and IT development over the long-term. This BCG advisory further argued that carriers had yet to tap the potential of multi-carrier capacity agreements.

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Red Sea Ocean Transport Disruption Update

Supply Chain Matters

Further, Japan based shipping line Mitsui OSK Lines indicated a belief that this disruption could extend thru the balance of 2024. percent in 2024, but that appears to be rather high given a decline in global production volumes for the past 15 months. Maersk currently estimates container volumes will increase from 2.5 percent to 4.5

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People and Halal Supply Chains

The Logistics & Supply Chain Management Society

According to the State of the Global Islamic Economy Report 2020-2021 a USD 2.4 trillion industry by 2024 , consisting of not only food, but also cosmetics, pharmaceuticals, modest fashion, media & creation, and Muslim friendly travel. I would certainly recommend before the year 2024. Developments. MORE FROM THIS EDITION.

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Supply Chain Matters News Capsule Follow-Up

Supply Chain Matters

production worker hourly wages starting in January 2024. Moeller Maersk in conjunction with the reporting of Q3 quarterly financial performance announcing that the company will cut more than 10,000 jobs amid a current surplus of shipping vessels, sharply lower freight rates and contracting levels of shipping demand.