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Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. 18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen.

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Bringing Freight Online with WebCargoNet and Freightos

Freightos

Bringing Freight Online With WebCargoNet And Freightos. But this story is more about a vision for a better future of freight, than just another acquisition. There’s unprecedented volumes of global shipments , growing international trade, more flexible supply chains, and easier sourcing than ever before (Alibaba, anyone?).

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This Week in Logistics News (February 18 – 24)

Logistics Viewpoints

Earlier this week, Target said it will spend $100 million to build a larger network of supply chain hubs to speed up and lower the cost of delivering online orders. It will be interesting to see if more companies take this approach to changing nature of supply chain analytics.

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Top 8 Industries Affected by The Red Sea Crisis in January 2024

Resilinc

As a result, many industries, companies, and products have been impacted—threatening global supply chains. Companies like Crocs, IKEA, Walmart, Home Depot, and Amazon are already experiencing delays in product deliveries, impacting their operations and supply chains.

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The Impending Ocean Carrier War on Last Mile Fulfillment

Freightos

Late 2021 saw Maersk continue to shift towards vertical integrations, with acquisition of Senator, a German freight forwarder for $644 million dollars. While Facebook is looking at virtual reality, Alibaba and Amazon are looking more at freight. More on Maersk’s transition to an end-to-end provider can be found in this 2020 report.

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What Are the 5 Biggest Supply Chain Issues Today?

Stord

Supply chains aren’t conventionally built on the notion of flexibility. While experts say we will catch up eventually, supply chains need to change for good. Here are five major challenges that companies continue to face in their supply chains–and the solutions that will help logistics providers prepare for the future.

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The Great Maersk Shift

Freightos

The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Demand for ocean freight was lower than anticipated, and Hanjin Shipping, another top ten ocean liner, was already teetering on the verge of bankruptcy. The Freight Game of Thrones.