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Ocean Freight Procurement and Going with the Stream

Freightos

Not that long ago, they were the only way people listened to music, peaking at 23 million units sold in Q1 2009. The annual fixed-price contract is the current go-to for ocean freight procurement. Source: SGX, Freightos Baltic Index. Source: SGX, Freightos Baltic Index. Source: Freightos Index Linking Survey.

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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. percent drop in cargo volumes.

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This Week in Logistics News (April 22 – 28)

Logistics Viewpoints

US homes 8 retailers keeping Earth Day alive through a commitment to sustainability Ground parcel delivery costs reached a record high in Q1, although pricing discounts from carriers softened the blow, according to the TD Cowen/AFS Freight Index. tractor fleet and sourcing 100 percent renewable energy by 2030, according to the press release.

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Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part Four

Supply Chain Matters

In Part Two of this blog series , we provided highlights our third prediction, that supply chain management teams will continue to exercise more direct control of direct materials sourcing, and these efforts will be a prominent element of business strategy for CSCO ’s and CPO ’s this year. billion relative to its initial 2023 business plan.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times.

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Seasoned Leadership in Action™ – An Interview with La Chang, CEO at TGL!

Supply Chain Game Changer

This interview is with La Chang, CEO at Think Global Logistics (TGL) , an international freight forwarding company. Starting off as a graduate trainee sales for FRITZ COMPANIES I adapted quickly to the industry selling UK and US air freight trade lanes. As such we have introduced our “ Seasoned Leadership in Action ” Interview series.

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Ocean Carrier Alliances: What You Need to Know

Talking Logistics

While the changing atmosphere of ocean carrier alliances for containerized cargo isn’t something new, it’s certainly top of mind for many shippers and carriers alike thanks to a tumultuous last few years. These alliances are: Source: Transplace. But why the need for alliances at all? Industry Woes: The Supply and Demand Imbalance.