Remove 2021 Remove 2022 Remove Cargo Remove Inventory
article thumbnail

Back to Logistics Tech School, 2022: the Lost Peak Season, the lingering COVID impact and more

Freightos

Logistics tech in 2022 has been unavoidably shaped by the two years that preceded it. During the peak of the ocean freight congestion, in September 2021, ocean freight rates reached well over $20,000 for China – US West Coast shipping. So without further ado, here’s your: Key Reads Logistics Tech Research and Updates for 2022.

Logistics 156
article thumbnail

The State of the Trucking Market in 2021

GlobalTranz

The state of the trucking market in 2021 is uncertain, filled with risk, and continues to evolve, making logistics management challenging.? through 2021, but total retail sales will grow 7.9%. High freight volumes across all industries in the trucking market are expected to continue into 2022.? That’s an astonishing $933.30

Insiders

Sign Up for our Newsletter

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

article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

Congress established the program in 2021 through the BIL and dedicated $5 billion to the program over a five-year period. rules issued in October 2022 restricted exports to semiconductor manufacturing facilities there as part of an effort to keep U.S. percent year-on-year decline in cargo revenues in 2023 to $1.5bn.

article thumbnail

Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

This is a significant shift from late 2021, when 93% faced serious disruptions. This ensured that today’s partial blockage of the Suez Canal, while disruptive, is still far less impactful than its far more meme-worthy 2021 relative in which the Evergiven blocked the canal.

article thumbnail

This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. Last month, the company released its third annual “Brand Protection Report” and said it disposed of over 6 million counterfeit goods in 2022.

article thumbnail

Global Supply Chain Disruptions: Covid-19’s Ripple Effect Continues + 5 Changes Needed for 2022

ToolsGroup

This backlog created both a shift in the “normal” peak season, as well as panic buying — meaning no relief during a normally slow Q1 in 2021. . Labor shortages , impeding the ability to get cargo unloaded, loaded, or moved. Many importers operating with just-in-time (JIT) inventory couldn’t get hold of the parts they needed. .

article thumbnail

Singing the inventory blues

Cathy Roberson

Many retailers are feeling inventory pains despite assuring analysts that they're quite pleased with their inventory levels. Mind you, some retailers may indeed be pleased with their inventory levels, but others may be trying to figure out where to store the excess inventory since so many warehouses are beyond full.