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June 10, 2025 Blog Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 98% to $5,488/FEU. Asia-US East Coast prices (FBX03 Weekly) increased 61% to $6,410/FEU. Asia-Mediterranean prices (FBX13 Weekly) increased 32% to $4,285/FEU.
However, at its heart, production in the Asia-Pacific region was severely curtailed for a period of time for issues ranging from the COVID impact on worksites to energy shortages, to port capacity limits. They also show how critical the sourcing and movement of goods are to businesses and economies as a whole.
We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis. Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates.
It creates a single source of truth for your rate management, automating RFQs and streamlining the entire procurement process. million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
It’s having an impact mainly in Europe and Asia. But now ships between Europe and Asia are instead going around the Cape of Good Hope on the southern tip of Africa, which can add anywhere from 10 days to a month of travel time compared to the Red Sea/Suez Canal route. shipping containers and stacking them up to six high.
A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. I think, because of the recession, Asia has become a little bit more unpredictable and costly for many reasons. You need energy in order to do this conversion.
The port handles about 11 million tons of cargo per year, including automobiles, containers, coal, and farm products. For example, a redundant supply chain may have safety stocks, contingency contracts, multiple sourcing, and diversified networks to ensure the availability and continuity of supply.
Elaine Low, managing director for Southeast Asia and Pacific, CEVA Logistics said, ‘‘ At CEVA Logistics, we believe our global presence gives us a great responsibility in the communities in which our employees live and work. Making Asia a Leader – One Green Initiative at a Time. Photo Credit: United Airlines.
28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Nikkei Asia ). Image source: Financial Times. Over 90% of the United States’ semiconductor-grade neon is sourced from Ukraine. Consultancy UK).
The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Other sources reported that DB Schenker was not the only forwarder making this shift. Today, 75 to 80% of cargo arrives on time. Driving the Maersk Shift.
Thousands of flights were grounded or delayed at the world’s largest air freight hubs in Europe, Asia and North America. The canal is a key source of revenue for the government of Egypt, and it is one of the country’s top earners of foreign currency. Secretary of Transportation Pete Buttigieg broke ground on a $1.6
The problems we are experiencing now started in March 2020 when COVID hit and suppliers in Asia shut down. . When capacity was cut, so too was the empty supply of containers back to Asia. Image source: Bloomberg. Labor shortages , impeding the ability to get cargo unloaded, loaded, or moved. Let me bring that to life. .
Sustainability is definitely coming of age in Asia. In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supply chain operations, will increase their revenue by 20 percent in 2025. Making Asia a Leader – One Green Initiative at a Time.
The impact of the COVID-19 pandemic followed by supply chain disruptions around the world has sparked a resurgence of companies bringing sourcing and manufacturing back to the United States or closer to U.S. Companies are coping with rising costs to source and produce goods in China and other Asian locales. trade with Asia.
However, since buying goods manufactured primarily in Asia increased so significantly, demand quickly outpaced supply. For example, if we look at recent peak seasons, the cost of shipping a 40’ container from Asia to the US West Coast in September 2019 was $1,437 according to the Freightos Baltic Index (FBX). Start shipping now.
Sourcing raw materials from Asia, coordinating freight with European logistics providers, or navigating distribution networks in the Americas cross-border operations rely on effective communication to make them happen. Procurement staff must send alternate sourcing orders.
Source: Sea-Intelligence Source: Sea-Intelligence The number of blank sailings are at the lowest we have seen since the pandemic started. Although 2023 first half reliability has been improving to around 65%, the lead time variability is still high compared to other modes of transportation, and still below pre-pandemic levels.
It allows for better tracking of cargo and people in airports, enhanced security, and enhanced safety – just to name a few. These applications translate ultimately to less down time, less distance travelled, less misrouted cargo, less idle time at the airport, and less flight time circling over the airports, waiting in line to land.
Prime Minister Yoshihide Suga said it was essential to prevent Tokyo, where the highly infectious Delta COVID-19 variant was spreading, from becoming the source of another wave of infections. As a result, the Olympics will take place without spectators.
But more than half of their shipments – including a significant portion that begin at factories in Asia – travel across oceans or continents These long-distance shipments go by ocean, air, or rail. The planners could choose to switch cargo from a slow-moving ship to air, for example. Infor Nexus is an orchestration solution.
And on 25 May 2012, they made a very remarkable achievement by being the first privately-fund company who could send cargo from the earth to the International Space Station. For example, in the past, a copy machine maker had to dissect a machine produced in Asia and study them, piece by piece. Keeping it in-house makes perfect sense.
February 2023 saw supply chain struggles continue across Asia and Europe due to dwindling energy supplies, ongoing effects of COVID-19, high inflation, and more. Asia Energy Crisis Currently, both China and Pakistan are suffering a major energy crunch from dwindling energy supplies and high global gas prices.
So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. consultation firm, runs four ‘Logistics Briefing’ newsletters: Global, Americas, Asia/Pacific and Mergers & Acquisitions. Air Cargo World.
Both providers offer tech platforms to manage crowd-sourced last-mile deliveries. Asia export average daily volume was up 15.4%, delivering growth for the third consecutive quarter. increase in revenue per piece and increase in air cargo. The increase in air cargo was due to a reporting change effective Jan.
This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs. Rates for a 40-foot container from North Asia to the U.S. Similarly, rates from North Asia to the U.S. On January 11, the U.S.
For example, Maersk ordered eight 16,000 TEU vessels to be operated on carbon-neutral methanol fuel, while DHL has purchased large amounts of sustainable aviation fuel and ordered 12 all-electric cargo planes. Making Asia a Leader – One Green Initiative at a Time. technologies and practices. Synopsis: GeTS Webinar 9th Sept 2021.
Check out our roundup of nearly 100 digital logistics/supply chain sources. It broke records in China and elsewhere in Asia. OUR TAKE A tonic for the (following) Carriers & Cargo section. CARRIER & CARGO: CHOPPY SEAS AHEAD FOR CARRIERS. SHORT TERM: HEALTHY START TO PEAK RETAIL SALES SEASON.
There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. Moreover, products can be shipped to stores in-time then lost sales is minimal.
We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis. Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates.
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. How alliances in the shipping industry might impact shippers?
In the meantime, Hyundai’s supply-chain radar was able to quickly identify two South Korean wire harness makers who were looking for opportunities to increase production at their own factories in South Korea and elsewhere in Asia, to compensate for disruptions to the Chinese supply chain.
And this global trip isn’t just for sightseeing – leading companies find that a diversified sourcing base and far-flung manufacturing can help cut production costs, increasing the bottom line. No matter how much can be saved from sourcing globally, transportation costs continue to creep in to seriously affect a product’s profit margin.
– How Logistics is Harnessing the Power of the Sun by Timothy Foote , Founder of Susymbio We all know that our sun’s power is the main energy source for life on Earth. It is not going to be a major source of reduction, but it pays for itself operationally over time regardless. The Green Corridor: Catching the Sun Light!
Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations.
Cargo Owners Complain of ‘Total Mess’ Shipping Goods to Asia (WSJ – sub. The two companies have partnered for nearly a year with a significant customer in Asia using the world-class mobility platform. Turnpike travelers will see semi-autonomous trucks on the road this year (Cleveland.com).
Global Cargo Monitoring / Cargo Tracking. By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. No one denies that the US (and EU and Asia) needs to protect itself and that protecting global trade is critical.
Forecasting Shipping Delays; Cargo Swamps Airports; Alibaba’s Challenge. Emirates Airlines’ cargo operations at Dubai International Airport in February. Dubai’s airport has seen a recent rush in cargo volume as freight forwarders switch from sea freight. Sourcing Journal). Nikkei Asia). View in web browser ›.
The airline’s cargo division in April announced it was adding three weekly all-cargo flights to Shenzhen, China, and two weekly flights to London Stansted Airport via its Abu Dhabi hub to meet growing demand on key trade lanes. Only four of its 17 MD-11 cargo jets are currently in service, according to aircraft databases.
The Shippers Council of the Logistics & Supply Chain Management Society comprises close to 30 of the largest shippers or beneficial cargo owners (BCOs) in the Asia Pacific. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
The attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea have caused several major global shipping and oil companies – including Maersk and British Petroleum (BP) – to suspend shipments and halt operations in the area.
cities have launched Smart City Logistics innovations and protocols, following the lead of Europe and Asia. ? Supply Chain Innovators of 2013 : paperless food chain, VLMs, cold chain fleet management, and more. Warehouse Automation. Media Type. Privacy Settings. anonymous user. DataTable subpages. Media Image. transactionID. Media Type.
That said many countries are struggling to accommodate the new sources of power into grids designed for fossil fuel power generation. The competition is helping to drive down prices for EVs but in most countries in Southeast Asia the poor access to charging facilities or battery swap facilities causes management to delay purchasing.
and South America, collects, cleanses and commercializes logistics trade data from over 50 nations across 5 continents, including key markets in North America, Latin America, Asia, Africa, and the European Union. According to the press release: Datamyne, primarily operating in the U.S.
Other insurers across the United States, Europe, Bermuda and Asia also took a hit close to US $2 billion. Tianjin is considered the fourth largest global port in terms of cargo throughput. Cargo import and export also took a hit with transportation disruption expected to last for several months. billion to US $3.3
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