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Containerized shipping joins modern financial world with CME futures

Freightos

The cost of importing a 40’ container from China to the United States West Coast grew 1,000% from $1,800 in 2019 to over $20,000 in September 2021 according to our Freightos Baltic Index (FBX). We refined our data, limiting it to actual pricing used by logistics service providers to ship containers, to ensure validity.

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Importance of Digitalisation to Improve Supply Chains: Helping Businesses Navigate Through Supply Chain Disruptions

The Logistics & Supply Chain Management Society

The ongoing impact of the pandemic brings greater challenges and obstacles with increased consumer demand, limited resources, shipping congestion, and labor shortages. Automation, cargo tracking, robotics, and remote fleet management are all examples of how IoT can be used to harness organizational data and gain insights into key processes.

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LCL: A Shipping Solution for Today’s Global Logistics Market

CH Robinson Transportfolio

Less-than-container load (LCL) shipping has become part of the solution design to many supply chain challenges. LCL shipping provides shippers with cost and time savings as they face longer wait times at ports along with more last-minute-change needs, based on disruption and delays. Combating today’s tight air and ocean market.

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Lean on Kanban for Mid-Atlantic Drayage

Kanban Logistics

Increased Traffic: With Baltimore out of commission, some cargo ships are being diverted to other ports, including Norfolk and Wilmington. Scheduling Changes: Ports like Norfolk are adjusting their operations to handle the additional cargo. Merchandise may enter the U.S. If, however, the final product is exported from the U.S.,

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COVID’s Supply Chain Ripples: the SME Business Perspective

Freightos

Then we were had to scramble figure that out because we could only fit a few hundred units in a container and a container cost around $20,000- $25,000. You can hear the full interview with Conor in our podcast series, Ship Happens. . Today, in Q4 of 2022, supply chain issues stemming from COVID-related shipping challenges have eased.

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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

Two weeks ago, 160 ships were stuck waiting to pass through the canal, carrying everything from auto parts, Barbie dolls, and diabetes test kits, according to Reuters. Some ships were delayed by as much as 21 days. The ACP recently stated they expect to maintain these restrictions for at least ten more months.

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National Logistics Day 2023

Enterra Insights

Just 14 years later, the first air cargo flight took place in 1910. By 1956, the first container ship sailed from the port of New Jersey to Texas. Frederick , Chief Marketing Officer at Logistics Plus, noted, “Logistics accounts for nearly 8% of everything we make and sell in the United States.