article thumbnail

Ocean Freight: Key Trends & Planning For Peak Season 2023

Ware2Go

See the latest insights on ocean freight rates and other trends that fast-growing businesses should know about to plan for 2023 peak season. In this article: Ocean Freight: Key Stats & Industry News Ocean Freight Shipping: What to Watch For In 2023 Freight Shipping From China & Alternatives What Are The Current Ocean Freight Rates?

article thumbnail

Navigating Global Supply Chain Disruptions: Strategies for Resilience

SCMDOJO

The price of container freight rates surged while the entire world was having to deal with delays. Japan and Taiwan have earthquakes often, and they both are some of the leading suppliers of microchips. Businesses can go out of business overnight, so having separate suppliers for your inventory is never a bad idea.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Deloitte Global).

article thumbnail

From Taiwan to the U.S.—Duty-free

3PL Insights

About half of the 132 containers filled with tires, were en route from Taiwan, headed to the East and West coast ports. “We Upon arrival at the warehouse, the containers were unloaded, inspected for damage, and inventoried by SKU and documentation. The inventory list had to be error-free otherwise FTZ status could be jeopardized.

Taiwan 97
article thumbnail

Build Resilient Supply Chains That Weather Disruptions 

Logility

As the pandemic eased, ports suffered bottlenecks, natural disasters disrupted freight movement, railways suffered congestion, and new legislation further complicated the movement of goods. For example, COVID restrictions in Asia shut down auto production because 70% of chip manufacturing happens in Taiwan and South Korea.

article thumbnail

This Week in Logistics News (July 24 – 30)

Logistics Viewpoints

Line items that impact freight logistics include $40 billion for bridge repairs and replacements, $25 billion for airports, $17 billion in ports, $11 billion toward transportation safety programs with an emphasis on pedestrians and cyclists, $7.5 However, the new average lead times are, in some cases, up to 60 weeks.

article thumbnail

The Impact of the Red Sea Ship Attacks on Global Supply Chains and Logistics

Resilinc

Evergreen: Headquartered in Taiwan, Evergreen is a global shipping company. Resilinc’s President of Government/Defense/Aerospace, Peter Guinto, joins CNBC’s “Last Call” to discuss the supply chain impact of the cargo ship attacks in the Red Sea along with the freight stuck at two Texas border crossings that are temporarily shut down.