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High freight costs for importers means higher price tags for consumers

Freightos

You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. Starting in July 2020, the impact of this trend became obvious when ocean freight prices shot up, and have continued rising. to $0.40, or about half a percent of the sticker price.

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COVID’s Supply Chain Ripples: the SME Business Perspective

Freightos

But then global freight kicked in. . It really got tricky when we hadover thousands of unitsin production and were starting to book freight and suddenly realized that the cost of freight was almost 4 or 5X what we had budgeted. Take Conner, the manufacturer of FORT, a magnetic pillow fort. It’s suddenly about the economy.

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Coronavirus and the Trade War: A Perfect Storm Argument for SMB Supply Chain Diversification

Freightos

The digitization of commerce created a path for giants like Amazon and Alibaba to dominate their respective storefront/fulfillment and sourcing roles in the market. million freight containers each year. But this spike put capacity on container ships at a premium, pushing freight rates way up as well.

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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. CMA CGM, the third largest ocean carrier, is increasingly oriented towards shippers, with the vertical acquisition of CEVA in 2019. Accelerating the shift. Image via StarAir.dk).

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Freight Audit Advisor: How an Expert Amplifies Value in Perpetuity

Intelligent Audit

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. Shippers can ensure they are getting the best possible rates from their carriers by working with a freight audit consultant. What Freight Auditing Is and Why It’s Important.

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Is Freight Digitalization Still An Existential Threat?

Freightos

In their latest Global Freight Forwarding report , Ti assessed whether digital platforms, digital forwarders, and freight marketplaces were existential threats to traditional forwarders. Freight Marketplaces: Threat Or Opportunity? Freight Marketplaces: Threat Or Opportunity? SOURCE: FREIGHTOS MARKETPLACE.

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This Week in Logistics News (August 6 – 12)

Logistics Viewpoints

It covers 37 states and parts of Canada through a fleet of more than 150,000 crowd-sourced drivers, it says. In August 2019, a typical pre-pandemic month, Americans spent $500 million on grocery delivery. USPS reflected the impact of PSRA on its books as a one-time, non-cash benefit of $59.6 billion business.