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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

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). Some major ocean carriers have also announced new fees for goods shipped on the route as of June 1 in response to the canal restrictions.

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FedEx Second Quarter Financial Performance Disappoints

Supply Chain Matters

The established goal is to save $4 billion in costs by fiscal 2025, and a cumulative $6 billion in costs by fiscal 2027. After shocking the carrier’s investors in September of 2022 with an unanticipated revenue and profitability shortfall, efforts have continued to significantly reduce costs and operating margins while shedding staff.

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Retailers, Customer Delight is Tied to Exceptional Delivery Experiences

Locus

billion in 2024 and has the potential to reach $191 billion by 2027. However, India is not the only country contributing to the growth of e-commerce across the world.Southeast Asia has over 222 million users in 2020 and has a growth potential of 411 million by 2025.

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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

Container Shipping Industry The quarterly performance of ocean container shipping lines continue to reflect decreased volumes and significantly reduced profitability levels amid this industry’s reported 30 percent reduction in scheduled route capacity. The firm’s Maersk Line container shipping business unit reported net profit of $2.3

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Petrochemical demand is up and prices are spiking

Resilinc

This period of high prices and margins coincided with—and was partly supported by—supply chain disruptions, including the February 2021 deep freeze on the Texas Gulf Coast and port and shipping congestion in much of the world. The company “is also looking to develop opportunities in refining and petrochemicals. …

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The Role of Logistics Management in Optimizing Supply Chain Operations

Locus

billion by 2025, growing at a CAGR of 16.7% from 2019 to 2025. between 2020 and 2027. Source: Allied Market Research) Warehousing: It is the storing of goods in a warehouse before they are shipped to their final destination. The global last-mile delivery market size is expected to reach $61.57

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10 Trends in Supply Chain Management & Logistics for 2022

Unleashed

Fact : The global autonomous warehouse robotics market is expected to nearly double in size by 2025 , reaching US$27.2 In fact, Gartner believes that 80% of B2B sales will be done digitally by 2025. million by 2027 , at a CAGR of 25.8%. Now they’re within the grasp of many organisations with a logistics or warehouse function.