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The Best Explanation for the Supply Chain Crisis Yet

Logistics Viewpoints

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. So, there was a supply disruption and an increase in demand hitting the market at the same time.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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Addressing Challenges in Global Logistics Operations with Technology

DELMIA Quintiq

However, the expenditure on goods resumed to the pre-pandemic level within just a few months. Increasing cost and lack of resources Years after the start of the pandemic, ocean freight rates still remain high and reached an all-time high towards the end of 2021. However, not long after, consumer spending behavior changed significantly.

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The State of the Trucking Market in 2021

GlobalTranz

The state of the trucking market in 2021 is uncertain, filled with risk, and continues to evolve, making logistics management challenging.? Capacity Constraints Continue to Arise. Capacity constraints continue to come under microscope as shippers look for a better understanding to the state of the market.

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Doing Our Part To Help Logistics Companies Adapt to COVID-19

Freightos

Land travel restrictions in Asia extended Chinese New Year, dropping ocean freight demand, which, just weeks later, spiked when the shutdown ended. Meanwhile, massive passenger airline restrictions dramatically reduced air cargo capacity, sending rates through the roof. In 2019, digital freight isn’t a vision; it’s a reality.

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Tight container market creating capacity issues for shippers

Turvo

Market participants state that the cost of transportation has increased from approximately $1,500 to $6,000 – $9,000 per container in February this year. And it wasn’t just about docks and warehouses. According to consultancy firm Descartes Datamyne , shipments are at an all-time high. Fewer ships in operation .

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Top 15 Logistics Stories of 2023

Logistics Viewpoints

Often times at Logistics Viewpoints, we like to look to the future and highlight the key trends that we see in a given market, or make predictions about what technologies will emerge as game changers in the new year. This description by a Chief Supply Chain Officer of the state of the supply chain he found in his new role stuck with me.