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

Logistics Viewpoints

She also said the company planned to ask workers to return to the office five days a week in 2024. percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. percent in early U.S.

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Red Sea Ocean Transport Disruption Update

Supply Chain Matters

Further, Japan based shipping line Mitsui OSK Lines indicated a belief that this disruption could extend thru the balance of 2024. percent in 2024, but that appears to be rather high given a decline in global production volumes for the past 15 months. Maersk currently estimates container volumes will increase from 2.5 percent to 4.5

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Freight Analytics That Will Enhance Productivity

GlobalTranz

Freight analytics refers to a set of algorithms that meticulously comb through the mountain of freight data to unlock its potential. Recent research indicates the freight metrics and analytics market will swell to more than $27.4 billion by 2024, presenting new opportunities.read More.

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

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton. Wall Street Journal ). Harvard Business Review ). Deloitte ).

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The 10 inventory management trends to watch for in 2022

Unleashed

for the 2020-2024 period), but to also help businesses move on from the pandemic. Reduced carbon footprint: Cutting your freight times doesn’t just save money, it lowers your impact on the environment too. billion by 2024 (up from $14.9 Read more: The 10 Procurement Metrics that Matter in 2021. Inventory forecasting.

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6 Transportation Management Trends for 2016

GlobalTranz

Outsourcing of Freight Data and Payment Management. Previously, rates were determined by freight classification. By 2024, the shortage may reach a height of 1750,00 missing drivers. Ultimately, these new recommendations work to reduce the workload and risk in the logistics industry.

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The Ultimate Guide to Beer Profit Margins & More

Unleashed

You can also use these metrics to benchmark against similar taprooms in your neighbourhood. Brewery software will capture all the costs of production, from raw materials to freight costs. Material costs is the price paid to acquire materials, such as ingredients and packaging materials, including tax and freight.