article thumbnail

May 21, 2024 Update

Freightos

More Resources Home May 21, 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. Rates from the Middle East to N.

Asia 241
article thumbnail

High Seas Troubles Affect Global Supply Chains, Part Two: Climate Risks

Enterra Insights

According to Panama Canal Administrator Ricaurte Vásquez , “Dipping water levels could cost them between $500 million and $700 million in 2024, compared to previous estimates of $200 million.”[3] Footnotes [1] Andrew Freedman, “ Climate change and conflict converge to disrupt supply chains ,” Axios, 24 January 2024. [2]

Panama 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

January 10, 2024 Update

Freightos

More Resources Home January 10, 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. America were level and N.

article thumbnail

National Maritime Day 2024: America Still Depends on Ocean Trade

Enterra Insights

Just to start with the most basic point about it, sea trade has been the largest carrier of cargo in the history of the world. In fact, even the land-bound parts of the Silk Road didn’t see as much cargo and trade-goods moving along it as the oceans and seas have.” The decline in the size of the U.S.-flag Critical U.S.

America 130
article thumbnail

This Week in Logistics News (May 27 – June 2)

Logistics Viewpoints

In an interview with Arab News, Prashant Saran, director of operations for Amazon in the Middle East and North Africa region, said that the new facility will provide sellers with more storage options and help them expand their online businesses to new markets. manufacturers re-evaluating their reliance on China.

article thumbnail

December 19, 2023 Update

Freightos

Together with ZIM who was already diverting their Red Sea traffic, these carriers represent 56% of global capacity, meaning an estimated 17% of global volumes will be taking a longer, more expensive route from Asia around the southern coast of Africa to N.Europe and the Mediterranean, as well as some Asia – N. America traffic.

article thumbnail

How Will Climate Change Impact Supply Chains in 2024?

Resilinc

Navigate the top climate change issues set to impact the supply chain in 2024. Now, it is predicted that 2024 has a 99% chance of ranking in the top five warmest years. In fact, Resilinc’s CEO, Bindiya Vakil, named Climate Change as one of the top five supply chain megatrends for 2024. 2023 was the warmest year on record.