Logistics Services Providers Shift Investment Focus Outside BRIC Markets

BluJay Solutions

The emerging markets of Brazil, Russia, India and China that make up the ‘BRIC’ acronym continue to forge ahead. Many manufacturers are seeking alternatives to BRIC countries, in particular China, as part of their future sourcing strategies.

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Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”

NC State SCRC

However, the announcement should not have come as a surprise, as the ocean cargo market has been suffering for some time by a condition of overcapacity, low rates, and a flat global market. Many ship builders and ocean carriers overextended themselves while the economy was growing, and these expectations resulted in a huge amount of investment that has resulted in too many ships and carriers competing for too little cargo.