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2023 Q1 Freight Market Update

Zipline Logistics

What a whirlwind the 2022 Freight Market was – we saw inflation, fuel prices, and freight rates hit record highs. Russian-Ukraine War . The Russian-Ukraine War continues to rage on 10 months later. . American businesses depend on Russia and Ukraine for a plethora of commodities. Freight Market .

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Challenges Abound as Peak Season Approaches

Intelligent Audit

The slowdown in Q1 only partly reflected the impact of the conflict in Ukraine, which broke out in late February. Billions at Stake as Freight Railroads and Unions Fail to Find Common Ground. in the final quarter of 2021 to 3.2% in the first quarter of 2022. “ Lockdowns in China also weighed heavily on trade in the first quarter.

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Russia-Ukraine War Snarls Global Supply Chains

Intelligent Audit

The ongoing Russia-Ukraine war continues to impact global supply chains, and it’s much more than many realize. According to the Harvard Business Review , “Equally important, Ukraine supplies about 50% of the world’s neon gas, which is used to produce semiconductor chips. Through Q1 2022, significant impact is easy to see.

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Ensure Business Continuity Through 2022 in the Face of Product Shortages 

Logility

A resurgence of COVID-19 in Shenzhen, China – a logistics, tech, and manufacturing hub – means suspended operations and may further boost both freight rates and container prices. Monster Beverage company, for example, was unable to meet third-quarter demand because of can shortages and other supply chain issues. Key Takeaways.

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This Week in Logistics News (August 12 – 18)

Logistics Viewpoints

They stocked up again after Russia’s invasion of Ukraine pushed up the price of raw materials such as energy and wheat. The Port of Kahului is fully operational, and interisland freight and transport company Young Brothers noted in an Aug. But the process has been much slower than expected and may drag into next year.

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EU inflation hits multiple manufacturing sectors

Resilinc

The UK, the Netherlands, Belgium, and Germany are suffering higher rates—and Baltic and Eastern Europe nations such as Hungary and Ukraine are seeing prices rise at over 20% on an annualized basis. Labor costs and the availability of talent, as well as rising prices in agriculture, hard commodities, freight, and energy.

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Doing Business in Poland

QAD

Poland’s bordering countries include Belarus, Czech Republic, Germany, Lithuania, Russia, Slovakia and Ukraine. Poland’s manufacturing centers around machinery, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages and textiles. Located east of Germany in Central Europe, Poland is about 312,685 sq.

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