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Four Risk Mitigation Actions for Weathering a Stormy Market

TMC

Consider, for example, the Panama Canal puzzle. Deciding whether to ship cargo via the U.S. Deciding whether to ship cargo via the U.S. East Coast or West Coast, for instance, requires shippers to weigh various factors such as the type of cargo, the required transit time, and the potential cost savings.

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TPM24: Key Takeaways on Geopolitics, Technology and Other Drivers of Ocean Freight in 2024

Freightos

It’s a challenge because it can be addressed by diverting away from the Suez Canal and utilizing more vessels sailing at faster speeds to effectively keep containers moving, even if these will mean longer lead times and higher costs while diversions persist.