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Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions

Freightos

More Resources Home Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions Joyce Tai April 2, 2024 If there’s one lingering lesson from the supply chain crisis of COVID, it’s that digitization can help organizations navigate crises…but that digitization can’t be put in place DURING that same crisis.

Cargo 217
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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. Exploring alternative shipping routes and modalities, including air cargo, is crucial despite the higher costs.

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The Green Corridor: Looking for the Green Lining

The Logistics & Supply Chain Management Society

The EU has started to work on charting out a plan for that transition, but other large markets like North America and China will likely not follow them in 2024. Now if only other nations could take a couple pages from their play book. Green Power Moving away from a power grid fueled by fossil fuel is happening.

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Navigating Ongoing International Transportation Capacity Challenges

Talking Logistics

Export bookings have also been tight on capacity, and certain export trade lanes have required advanced booking to ensure space. One best practice for shippers to consider is booking 3-4 weeks in advance to secure required export space. Getting Ahead with Export Space. Drayage Capacity Issues Remain.

Capacity 101
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November 15, 2023 Update

Freightos

Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU.

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Don’t Get Caught Off-Guard: Preparing for July 2016 SOLAS Shipper Mandates

Talking Logistics

Shippers, beneficial cargo owners or non-vessel-operating common carriers (NVOCCs) are responsible for verifying weights. Many have deployed cloud technology platforms to serve as an easy-to-use, transparent tool to facilitate bookings and shipping documentation. What does this mean for you?

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Retailers receiving inventories any which way they can

Cathy Roberson

Meanwhile, 75% of furniture retailer, Ethan Allen’s products are made in North America. “Despite challenges, we have successfully obtained bookings for ocean freight and over 90% of the merchandise we will need for our peak third and fourth-quarter selling season, Joann’s CFO Matt Susz told analysts.