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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

While the industry continues to be rocked by world events, uncertainty has become the new normal. But, before we dig into the data – let’s start on a positive note: Supply Chain Statistics Show Challenges, but the Industry Remains Resilient. Global semiconductor industry sales reached a total of $555.9 Consultancy UK).

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2023 Q1 Freight Market Update

Zipline Logistics

What a whirlwind the 2022 Freight Market was – we saw inflation, fuel prices, and freight rates hit record highs. American businesses depend on Russia and Ukraine for a plethora of commodities. Freight Market . By contrast, the average price for a freight container in mid-December 2022 was $2,127. . Inflation .

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Supply Chain Uncertainties Leave Industries on Edge

Intelligent Audit

Despite some relief from inflationary pressures in recent months, businesses throughout the logistics industry and beyond are being forced to make difficult decisions. After a week of high-highs and low-lows within the global logistics industry, we’ve gathered the nine stories you need to know. In a welcome turn-of-events for the U.S.

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Freight Invoice Facts to Know About Errors

Intelligent Audit

Often, the general public’s view of freight transportation is similar. The Bureau of Transportation Statistics reported that, “Freight shipped across the U.S. With so much money moving across the country and globe, supply chain professionals must prioritize a proficient freight invoice and payment processing system. .

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8 Things to Know in Shipping, Freight, Logistics & Supply Chain this Week

Intelligent Audit

Keep track of industry happenings during this business week with the following updates. This is excellent news for everyone in freight accounting as companies struggle to increase profit margins that have narrowed amidst increasing fuel surcharges. . Are they still out of the flowers I want to bring to the memorial site?” .

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2022: A Look in the Rearview Mirror–Part I

American Global Logistics

But the supply chain industry resolved some major issues and formed a more certain path ahead. Trade basically ceased as ports closed because of western- imposed economic sanctions on Russia. Cargo planes could not fly out of or into Russia or Ukraine. Likewise, ships could not sail into or out of Russia and Ukraine.

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The Impact of the Red Sea Ship Attacks on Global Supply Chains and Logistics

Resilinc

Following the recent attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea, several major global shipping and oil companies – including Maersk and British Petroleum (BP) – have suspended shipments and halted operations in the area.