Remove 2021 Remove 2024 Remove Freight Remove Sourcing
article thumbnail

2024 Supply Chain Predictions – Relative Stability and a Migration to the Mean

Logistics Viewpoints

Media sources are filled with prognostication. Most notably, item shortages (purple) and stockpiling (red) were large contributors to 2021-2022 volatility. However, if one pans out and takes a longer-term look at container shipping rates, it becomes evident that rates are really more “normal” now than they were over 2021 and 2022.

article thumbnail

The Impact of Fast Fashion Giants On Air Cargo

Freightos

More Resources Home The Impact of Fast Fashion Giants On Air Cargo Eytan Buchman April 25, 2024 Navigating New Horizons: The Impact of Fast Fashion on Air Cargo Rates & Dynamics The intersection of fast fashion, globalized retail e-commerce, and air cargo logistics is coming to a head with Temu and Shein’s entrance to the US market.

Cargo 226
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The National Zero-Emission Freight Corridor Strategy and Plans to Decarbonize Transportation in the US

Logistics Viewpoints

In March 2024, the Joint Office of Energy and Transportation released the National Zero-Emission Freight Corridor Strategy , which aims to decarbonize and advance zero-emission freight along the United States main shipping corridors. Through the U.S.

article thumbnail

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

article thumbnail

Realities Impact the Global Ocean Container Industry

Supply Chain Matters

The invention of the ocean container as a means for inter-modal sea and surface transportation movements have orchestrated the march toward lowest cost global based sourcing of components and materials. The net result was that global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022.

article thumbnail

Prepare for Anything: Supply Chain and Ecosystem Predictions for 2022 and beyond….

The Logistics & Supply Chain Management Society

As we finish 2021, the supply chain is front and center with challenges reported across the globe; across multiple industries from consumer products through to automotive. By 2024, 40% of APeJ-based supply chain forecasts will be automated through the use of artificial intelligence, improving accuracy by 5 percentage points.

article thumbnail

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.