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Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
Home China volumes fall as demand climbs from S. Air rates – Freightos Air index China – N. China – N. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. Asia-US East Coast prices (FBX03 Weekly) fell 2% to $3,395/FEU.
Judah Levine November 21, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 8% to $1,573/FEU. Air rates – Freightos Air Index China – N.
For the past few years, the air cargo market has greatly benefited from international e-commerce. According to the International Air Transport Association (IATA), 80% of e-commerce is transported by air and makes up upwards of 30% of total air cargo volume. Rethinking supply chains is a reader-supported publication.
May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. May air cargo volumes continue to rise amid global disruptions.
FedEx plans to test autonomous drone cargo delivery with Elroy Air. Air Canada wants more cargo jets 3 months after launching service. FedEx also plans to test autonomous drone cargo delivery, partnering with Elroy Air. Walgreens to offer Wing drone delivery in suburban Dallas. Mexican factories gain in supply chain revamps.
During the peak of the ocean freight congestion, in September 2021, ocean freight rates reached well over $20,000 for China – US West Coast shipping. Stay informed regardless of rate volatility with the Freightos Air Index, a real-time index of air cargo prices across region pairs, individual airports, and weight breaks.
Early in the pandemic, the company organized an airlift of two flights per week to deliver several hundred million masks from China to France. In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement.
In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. US-China Tensions and Critical Minerals US-China tensions have heightened and will continue to be a risk in 2024.
Risks include ongoing Red Sea disruptions brought on by attacks on cargo and container ships, the ongoing Russia-Ukraine conflict destabilizing manufacturing and trade activities, along with Taiwan trade risks brought about by Chinese military drills hindering trade through major sea routes. All rights reserved.
Today about 90% of non-bulk cargo worldwide is transported by a container. Flagship, a European innovation project, will deploy the world’s first commercial cargo transport ship fitted with hydrogen fuel cells. Slow Boat to China. Bunker fuel: CO2, black carbon and sulphur.
China slowed production of aluminum and other energy-intensive metals in 2021 in an effort to reduce carbon emissions, leaving primary production in the country 1.2 Natural gas prices in Europe and curbs on exports from Russia and China are expected to keep fertilizer in high demand through 2023, which will lower crop yields.
manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. NEXT: More on AI and 3D printing in manufacturing.
Home China volumes fall as demand climbs from S. Air rates – Freightos Air index China – N. China – N. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. Asia-Mediterranean prices (FBX13 Weekly) increased 5% to $3,082/FEU.
This mirrors what we’re seeing in real-time ocean freight rates from Freightos Terminal , where container rates from China to Long Beach have dropped 16% since the reciprocal tariffs went into effect on April 9th.
The effective shutdown of industrial activity in Wuhan, China — ground zero for the virus – presented particularly difficult problems for manufacturing firms worldwide, many of which had come to depend on materials, components and finished goods made in China. A renewed outbreak somewhere else in China, then we are back to square one.…
and China FAW Group Co. Reliance on China for Rare Earths Wal-Mart Brings Price War to Groceries, Boosting Pressure on Big Food Retailers Bloomberg Toyota, Daimler Finalize Plan to Merge Truck Units in 2026 More from this author Subscribe to our Daily Newsletter! At least three carmakers, including Dongfeng Motor Group Co.,
trade negotiations with China. trade negotiations with China. trade negotiations with China. China trade talks in recent weeks. The coveted raw materials are widely used in manufacturing of cars, iPhones and other products, and China has used its dominance to exert leverage in negotiations. talks with China.
tariff on China electronics is seeing a rise in demand for these products from other countries within Asia. Ports are having to off-load cargo onto the new mega-ships offshore from multiple smaller ships because they don’t have the capacity to handle the bigger vessels. Where to Begin the Digital Transformation Journey.
This is a week-long celebration in China. The 9 th annual BRICS (Brazil, Russia, India, China, and South Africa) summit is being held in Xiamen September 3-5, 2017 (the summit location rotates between its member countries). Each October 1st, people begin a 7-day celebration of the founding of the People’s Republic of China.
Procurement staff must send alternate sourcing orders. Audio translation permits procurement professionals to communicate with urgency and negotiate solutions more efficiently without the need for third-party interpreters while avoiding lag and momentum loss. Logistics coordinators will need to reroute deliveries.
China Tech Fight Widens After Taiwan Blacklists Huawei More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox. Featured Product Popular Stories Report From DPW: What’s Next for AI in Supply Chain?
Federal Aviation Administration records from 2022 indicate that LAX is the 4 th largest airport in the US by weight of cargo landed. White Paper How Regulatory Complexity Is Driving Procurements Future Article The ESG Due Diligence Process - Why Its Important Client Alert China and Russia Actions Threaten Critical U.S.
On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. Image via StarAir.dk). Behind the Maersk shift. One goal, two different motivations.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
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. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.
After the South Korean carrier filed for bankruptcy protection and its assets were frozen, ships from China to the U.S. After this experience, some companies feel they need to consider their carriers’ financials and do all they can to avoid putting their cargo on carriers that they perceive to be at risk.
Robinson Launches Rail Service, Connecting China and Europe. Robinson launching a trans-Eurasian rail freight service between China and Europe. Full block train, single or multiple containers, LCL shipments and oversized cargo are available options. De Beers tracks diamonds through supply chain using blockchain (Reuters).
Once China was hit by a Coronavirus epidemic and factories ordered closed, it was inevitable that global supply chains would be affected. The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Procurement.
One of the most comprehensive daily summaries, and by far the leading Asian-based summary, China’s Shipping Gazette provides daily information about carriers, forwarders and technology. Air Cargo World. This American based niche news site specialises in air cargo. Cargo Business News.com. Logistics Management.
The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today. The hardest hit by the increase in rollovers were the Indian subcontinent and China.
ranks below many other countries including China and Europe in the area of port automation. Further noted was a statement from the CEO of the Long Beach terminal operator indicating that the automation plan aims to move twice as much cargo with the same workforce. A published report by Business Broadcasting Network CNBC titled: U.S.
The company represents almost 8% of trans-Pacific trade shipments for the United States market, and now they have stopped accepting new cargo. Immediately following the announcement, the price to ship a 40-foot container from China to the US increased by up to 50% in one day. Shipping prices have jumped — though it is likely temporary.
More than 60 percent of firms said delays were related to orders from China. With some 5 million companies impacted by China’s supply chain woes, the picture is similar in other parts of the world. Some US manufacturers, however, have resorted to airlifting supplies from China at a premium price. The Food Industry.
manufacturing centers, the effects of disruption are not limited to China or any other entity. Of course, a more diverse supply chain contains this protective effect—enabling multi-sourcing capabilities for all needed resources from cargo space to drivers and beyond. It’s the panic-buying effects that lead to dramatic impacts.
China’s JD.com unwraps FedEx-style parcel business to bolster sales (Reuters). Intel partners with Rolls-Royce to develop autonomous cargo ships (VentureBeat). Of course, chances are that this spring, while I’m away at a conference, my wife will get her payback and turn the A/C on without any debate either.
Judah Levine January 30, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 38% to $4,099/FEU. Air rates – Freightos Air Index China – N.
Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Air rates – Freightos Air Index China – N. kg China – N. Europe – N.
China carrier relations and much more. The More Than Shipping blog is a comprehensive resource for shipping trends, supply chain planning, project and specialized cargo and more. Top Logistics and Supply Chain Blogs We Love. Ship Lilly. More Than Shipping. Logistics Management.
By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. Because procurement executives were so focused on cost, they did not worry about shipment velocity. It may take weeks, by some estimates.
Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Air rates – Freightos Air Index China – N.
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