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

Supply Chain Matters

freight and logistics industry continues to mitigate recessionary conditions including the April 2023 Logistics Manager Index reaching its lowest level lowest level in six years and one-half years. freight, logistics and parcel movement industry. Freight rate reportedly fell 37 percent. The LMI has now declined 6.7

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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. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times.

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Ocean Risk Management part 2: Navigating Global Shipping Alliance

The Logistics & Supply Chain Management Society

History of Alliances in Container Shipping Source: Port Economics, Management and Policy What are Global Shipping Alliances (GSAs) in the shipping industry? The alliance was formed in 2014 and covers major shipping routes between Asia, Europe, and North America. The 2M alliance will be disbanded in 2025.

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Supply Chain Matters News Capsule Update September 18 2023

Supply Chain Matters

There were plans to have 12 GTF engine overhaul shops globally and add an additional seven by 2025. Flexport Focus Turns to Profitability and Cost Reduction In our supply chain technology breaking news update on September 7 th , we highlighted the sudden resignation of Dave Clark from the CEO role of freight technology start-up Flexport.

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Conducting Business in India? Chances Are that You Could Be by 2025

CH Robinson Transportfolio

Only one of them is outside North America: China. If projections and recent rhetoric are to be believed, India will join China as the only non-North American countries in the $500 billion club by 2025. Chances Are that You Could Be by 2025 appeared first on Transportfolio. billion population is under the age of 35.

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Mexico sees solid manufacturing growth, courtesy of nearshoring

Resilinc

OEMs are building up their supply networks in America’s southern neighbor to nearshore their supply networks closer to the U.S. market and secure redundant sources of supply. Mexico is seeing strong growth in manufacturing. Due to strong U.S. Toy maker MGA Entertainment recently opened two factories in Juarez, but “is keeping its U.S.

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How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

.” Based on that feedback, Chris asked a different question: “Looking out to 2025 –will we be using the same KPI’s as we do today? And we follow a pattern: you do an assessment, a sourcing wave, build a process, and do it over and over. But what one measure will be involved in 2025? And if not – what will change?”.