Remove 2023 Remove Freight Remove Inventory Remove Shipping
article thumbnail

October 25, 2023 Update

Freightos

More Resources Home October 25, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices were level at $4.80/kg

Asia 177
article thumbnail

Ocean Freight: Key Trends & Planning For Peak Season 2023

Ware2Go

See the latest insights on ocean freight rates and other trends that fast-growing businesses should know about to plan for 2023 peak season. In this age of globalization, using ocean freight to transport goods is increasingly important to emerging brands. In May 2023, shipping rates from Asia suddenly plummeted.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

article thumbnail

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

Freightos

And the answer lies in how their 2023 went too. The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. They should monitor the evolving geopolitical situation and adjust their shipping strategies accordingly.

article thumbnail

Preparing Your Supply Chain for 2023 – 4 Areas of Focus

Logility

As we navigate through the end of the year and the holiday season, we’re also looking ahead to 2023. Check out four of the areas we’re advising our clients to be thinking about heading into the New Year, to help prepare their supply chain for 2023. . A surplus of ships is likely 3. We know we’re going to see ongoing disruption.

article thumbnail

National Logistics Day 2023

Enterra Insights

By 1956, the first container ship sailed from the port of New Jersey to Texas. That includes packaging, warehousing, shipping, and more. By having more efficient delivery routes, warehouses, and inventory systems in place, companies can reduce their operational costs while still delivering great customer service.”

article thumbnail

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

Logistics Viewpoints

UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. Amazon achieved its fastest-ever global shipping times last year but isn’t resting on its laurels. percent year-on-year decline in cargo revenues in 2023 to $1.5bn.