article thumbnail

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. Tenders can take BCOs (Beneficial Cargo Owners) three to five months of preparation, but despite this, the fixed price often breaks down during peak season. Source: SGX, Freightos Baltic Index. Remember iPods?

article thumbnail

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

Supply Chain Matters

percent drop in cargo volumes. In the specific case of UPS , the carrier and logistics services provider has now been forecasting a decline in annual revenues since the recession of 2009. Hapag-Lloyd , the fifth largest container line by capacity reported a 33 percent decline in revenues in its first quarter with a 4.9

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

This Week in Logistics News (April 22 – 28)

Logistics Viewpoints

tractor fleet and sourcing 100 percent renewable energy by 2030, according to the press release. British supermarkets source peppers exclusively from Spain during the winter months. Since the launch of its recycling program in 2009, Best Buy has recycled over 2 billion pounds of electronics and appliances. percent by 2030.

article thumbnail

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

ToolsGroup

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009.

article thumbnail

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.

article thumbnail

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

Supply Chain Game Changer

Fast forward to 2009 and after many years developing various trade lanes I took on the challenge of establishing an Australian operation for a fortune 500 company, C.H. After 25 years I am happy and honored to say I have earned my place in this industry where I can demonstrate my passion for moving cargo from A to B.