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Are Ocean Freight Prices Absolutely Broken?

The Logistics & Supply Chain Management Society

And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing USD4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering? And it can be fixed.

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Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. In fact, global freight rates have increased tenfold since the start of the pandemic.

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Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades. Introduction. Products are the lifeline of your business.

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COP26: 5Zs that changed the world

The Logistics & Supply Chain Management Society

Subnational governments like Québec in Canada and Telengana in India as well as manufacturers and fleets like DHL, Heineken and Scania are endorsing the MOU and declared that they will align with the decarbonization effort. Also, tools have been developed to enable horizontal partnerships to reduce empty truck miles. Amazon, A.P.

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Towards Successful Digital Transformation – Separating the hype from reality

The Logistics & Supply Chain Management Society

Faster and accurate digitised information will also reduce decision-making time, improve efficiencies of business management, build better suppliers and manufacturers networks, create streamlined sales and delivery processes. Source: Schumacher et al. LogiSYM Supply Chain Magazine – August 2021. Dr. Shereen Nassar.

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[INFOGRAPHIC] The History of Shipping Containers

GlobalTranz

The Freightos System is SaaS for freight contract management, automatic price quotations, and business intelligence. Magazine article) as a goliath looking to take on the entrenched "David" shipping industry. Mr. Gladwell cites Malcolm McLean in the book " David and Goliath.". First use of a modern container for ocean freight.

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2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

GlobalTranz

We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. We have already covered the top 6 trends for 2016 in manufacturing. 2016 Supply Chain Trend #6: Procurement’s New (read Bigger) Role in the Supply Chain.