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Russia’s Arctic Expansion: The Future of Global Shipping

SCMDOJO

Russia’s Arctic Expansion: A Long-Term Strategy While the world is currently focused on the conflict in Ukraine, Russia is quietly expanding its military presence in the Arctic, building new bases in the region. Russia’s strategic location between Europe and Asia places it in a vital position for trade.

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Ease the Burden of Labor Shortages and Increase Supply Chain Resiliency 

Logility

Organizations must use every means at their disposal to keep goods moving while at the same time preventing their most important resource – their talent – from jumping ship at an alarming pace. The trucking industry was down 80,000 drivers in 2021, and that shortage is anticipated to balloon to 160,000 by 2030. million by 2030.

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FedEx’s Network 2.0, UPS Extends Pilot Contracts, Amazon Slows Warehouse Expansion & More

Intelligent Audit

While this doesn’t address what to do if an item is damaged in shipping , shipping companies will appreciate knowing that the parcel giant will continue to fly. billion annually by 2030 and is expected to register 15.4% CAGR during the forecast period (2022–2030). billion annually by 2030 and is expected to register 15.4%

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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. Russia and Belarus are large [natural gas] producers, and uncertainty about sanctions has reduced their exports.

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

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Because Russia and Ukraine are leading exporters of grain, wheat futures in Chicago rose by almost 6% to $9.26 Accenture ). McKinsey ).

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Shipping Prospects Heat Up in the Arctic

Elementum

In an ironic twist, melting ice caps and rising sea levels may translate to new business opportunities and reduced greenhouse gas emissions for the shipping industry. Many studies now predict that the thick sheets of ice which prevented ships from passing through in the past will thaw by the year 2030. The Competition Heats Up.

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Shipping Prospects Heat Up in the Arctic

Elementum

In an ironic twist, melting ice caps and rising sea levels may translate to new business opportunities and reduced greenhouse gas emissions for the shipping industry. Many studies now predict that the thick sheets of ice which prevented ships from passing through in the past will thaw by the year 2030. The Competition Heats Up.