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Cargo theft continues to be a problem, especially around the holidays. And I don’t just mean the winter holidays; cargo theft typically spikes during any holiday season where businesses may be closed for an extra day or two. But what exactly is cargo theft? Cargo theft comes in many shapes and sizes.
More Resources Home The Impact of Fast Fashion Giants On Air Cargo Eytan Buchman April 25, 2024 Navigating New Horizons: The Impact of Fast Fashion on Air Cargo Rates & Dynamics The intersection of fast fashion, globalized retail e-commerce, and air cargo logistics is coming to a head with Temu and Shein’s entrance to the US market.
Pledge) , including its global supply chain sustainability solution for beneficial cargo owners (BCOs), enterprise supply chain leaders and logistics service providers (LSPs). Pledge provides software solutions to empower enterprise supply chain teams and LSPs to meet their sustainability goals and Scope 3 emissions reporting requirements.
Q1 2021 is in the books. Unless you’re a cargo ship, anchored and waiting.) —- Suez Canal Opens, but Shipping Will Be Snarled for Months (WSJ – sub. Read more Above the Fold: Supply Chain Logistics News (April 2, 2021). Read more Above the Fold: Supply Chain Logistics News (April 2, 2021).
The 2021 supply chain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues. Much of the world is clamoring for finished products from their usual suppliers; but dwindling cargo space, skyrocketing transportation costs, and component delays make it difficult to keep shelves stocked.
April 2021, global leaders in the luxury industry formed the Aura Blockchain Consortium, an initiative aimed at promoting the adoption of blockchain solutions worldwide for the luxury industry. This prevents fraud and increases transparency.
The Suez Canal Blockage of 2021 has cleared, and cargo is again flowing through that crucial gateway from Asia to Europe. While the immediate impact may have subsided after a week of fingernail biting, significant delays, and forced re-routings, lessons learned will hopefully stay with the supply chain industry for a long time to come.
May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. export-controls laws following a 2021 settlement. percent, which is up from 5.7
But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021Cargo Owners and freight forwarders survey, confirms this. As if this wasn’t enough, 2021 has added its own set of complexities.
Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. During the peak of port congestion in 2021, as many as 30 ships were waiting to enter an Oakland berth. s CargoNet.
Because of fourth quarter volume surges, ongoing congestion at ports around the world, and 2021’s (and first quarter 2022’s) limited container availability, demand has outpaced available capacity. Predictably, short-term capacity remains at a premium. This is the second post in a three-part series.
Singapore 12th August 2021: Recognising the heightened focus on overall supply chain performance due to increased disruption and challenges, shippers, manufacturers and beneficial cargo owners (BCO’s), are increasingly faced with soaring freights rates and what they, correctly or otherwise, perceive to be sub-standard or inferior service.
Congress established the program in 2021 through the BIL and dedicated $5 billion to the program over a five-year period. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United Airlines – the largest of the three in terms of cargo volumes – registered a 31.1
In addition, we have taken several steps in the past few years to affect industry change, such as being an active member of the Clean Cargo Group and joining the Sustainable Air Freight Alliance (SAFA). LogiSYM Supply Chain Magazine – September 2021. Synopsis: GeTS Webinar 9th Sept 2021. Photo Credit: United Airlines.
It was priced at $12 a year for some time, though the company increased its pricing to $18 in December 2021. Instances of cargo theft increased markedly in 2022, driven in large measure by thieves using fictitious pickups. They estimate $223 million in cargo was stolen across all theft events in 2022.
In 2017, Mark recognized a need for logistics service providers to have better access to cost effective All-Risk Shipper’s Interest Cargo Insurance with focus on Mexico. Borderless Coverage was acquired by Reliance Partners in February 2021. For that reason, Mark founded Borderless Coverage. Mark earned a B.S.,
FedEx plans to test autonomous drone cargo delivery with Elroy Air. Air Canada wants more cargo jets 3 months after launching service. FedEx also plans to test autonomous drone cargo delivery, partnering with Elroy Air. Chipotle had planned to sell all third-party certified humane chicken by the end of 2021.
Breakbulk Americas , is the region’s largest trade event for the project cargo and breakbulk industry. In the podcast interview, Joe and Jeff discuss Tucker Company Worldwide and the Breakbulk Americas conference, the region’s largest trade event for the project cargo and breakbulk industry professionals. Breakbulk 2021 Event Stats.
Air cargo visibility is also becoming a more important aspect of overall transportation visibility. The result is air cargo has rebounded to levels that are on par with the pre-Covid economy. The result is air cargo has rebounded to levels that are on par with the pre-Covid economy. Real-Time Visibility Data.
Typically, 45% to 50% of cargo is carried in belly holds of aircraft. 2021 marked DB Schenker’s 51st year in Singapore. In 2021, DB Schenker has also launched a comprehensive e-learning platform, comprising of over 1,000 courses; empowering employees to take learning into their own hands as face-to-face trainings are put on hold. .
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.
When moving cargo, can shipments be consolidated more? LogiSYM Supply Chain Magazine – September 2021. Synopsis: GeTS Webinar 9th Sept 2021. Trends, Technology and Sustainability in Focus at LogiSYM MENA 2021. Trends, Technology and Sustainability in Focus at LogiSYM MENA 2021. Can packaging have less weight?
In 2021, 87% of Americans were negatively impacted by the supply chain. In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. in the second quarter of 2021 due to a lack of raw materials. ( Plastic resins were in short supply all of 2021, with prices skyrocketing by up to 50%.
The volume of ocean shipments grew two-fold in the past decade, and the price of an ocean shipment increased 9-10X from 2020-2021. Ocean carriers, struggling to make a profit for the past ten years, collectively will post 200 billion in profitability in 2021. Freight Rates 2019-2021. jump in apparel costs and 5.5%
The deadline is 30th April 2021 to submit the application to the Singapore Airport Police Division. KCR is a security measure to further enhance air cargo security on commercial aircrafts from global terrorist threat. LogiSYM Supply Chain Magazine – March 2021. Green Corridor: Gemba Your Way to Green!
While the stuck cargo ship “Ever Given” is one of the biggest ships… Since the recent blockade in the Suez Canal, it has put large container ships into the spotlight.
It’s more than doubled the number of robots deployed in its fulfillment centers and warehouses in the last three years, from 350,000 in 2021 to 750,000 by last June. Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal.
A 2021 Peak Shipping Season survey conducted by Edelman Intelligence found hiring to be a strong concern among supply chain decision makers with 90% having a strong need to increase hiring to account for peak season and beyond. Port backlogs and cargo limitations are undermining efficiency while warehouse and storage space remain challenging.
In past years, USPS has hiked its fees from roughly October to January during the annual surge, including increases in 2022, 2021, and 2020. Cargo volumes at the Port of Los Angeles rose 3 percent year-over-year to 828,016 TEUs in August, marking the first increase in 13 months, port officials said.
The sixth assessment report by the Intergovernmental Panel on Climate Change (IPCC) published in August 2021 once again stressed the importance and urgency of decarbonising all sectors of the economy. LogiSYM Supply Chain Magazine – September 2021. Synopsis: GeTS Webinar 9th Sept 2021. Load More.
Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). This resulted in meaningful cost savings for our last mile delivery program overall,” he added.
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. Stay informed regardless of rate volatility with the Freightos Air Index, a real-time index of air cargo prices across region pairs, individual airports, and weight breaks.
percent decrease from 2021. The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S. Postal Service after UPS recently won the five-year contract.
Going into 2021, supply networks were already dealing with rising demand, increasing port congestion, and production delays. Furthermore, port restrictions and the Ever Given being stranded in the Suez Canal for nearly a week slowed cargo movements and worsened congestion. percentage points. Global chip shortages.
Before joining the VPA in January 2021, Stephen served as President and Chief Executive Officer for TraPac, LLC.and was responsible for the overall performance of the company with focus on safety, service and sustainability. billion in its infrastructure – creating a network of six terminals that can handle any type of cargo.
Wood pallets used for export shipments also contain an unhealthy level of formaldehyde due to fumigation, posing an unnecessary health risk for cargo handlers. We can demonstrate how companies can “go green” and clean up their supply chains by adopting cargo moving equipment that is environmentally friendly, recyclable and, cost efficient.
But the year 2021 and beyond are expected to bring a promising future for this industry in the Gulf Cooperation Council region. Five trends that we can anticipate to see in 2021 and upcoming years. The post Logistics in Middle East- 5 Trends that will Dominate the Market in 2021 and Beyond appeared first on Shipsy.
According to the cargo theft prevention firm CargoNet, reports of theft, fraud, and other kinds of criminal activity in the supply chain rose 41 percent in the first 20 weeks of 2023 compared to last year, reaching 900 incidents. The company went public in 2021 but failed to develop and commercialize its autonomous vehicle technology.
Dynamic routing has empowered logistics providers to consider plans B, C and D, offering alternative options of ocean and air freight cargo. LogiSYM Supply Chain Magazine – September 2021. Synopsis: GeTS Webinar 9th Sept 2021. Trends, Technology and Sustainability in Focus at LogiSYM MENA 2021. Load More.
More than 10 billion tons of cargo are carried over the waves every year. ”[8] Boger goes to explain, “Because of these factors, the scheduling of routes and decisions on which cargo will go onto which ship is a herculean task. ” Design News, 10 August 2021. [8] of the worlds greenhouse gas emissions.
Maersk said Tuesday it was halting bookings in light of the sanctions imposed on Russia, including congestion being caused by customs authorities inspecting cargo bound for the country and changing credit terms impacting its customers. Maersk and MSC said they would continue to move foodstuffs to and from Russia.
million attempts in 2021 and 6 million in 2020, it said. More than 30,000 shoppers across the Northeast have used Flashfood via Stop & Shop since the partnership kicked off in 2021, resulting in nearly $500,000 in grocery savings and over 233,280 pounds of food being saved from landfills. This is down from 2.5
The ”end” they refer to – whether it’s forwarding, fulfillment, or platforms for B2B or B2C sales – remains fairly ambiguous, spanning an acquisition of fashion logistics company HUUB in September 2021 to an investment in rapid fashion production company Unmade. Accelerating the shift. Image via StarAir.dk). of the U.S.
As a result, the 2021 holiday shopping season could be marred by out-of-stock goods and shipping delays. The cargo deliveries took place July 18 off the coast of Key West, Florida. Volansi says this is the first time ever that an autonomous drone has carried out such missions, carrying cargo between two moving US government vessels.
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