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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began.

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Editor’s Choice: Aluminum Can Shortage Defines a New Normal for Food Packaging

Logistics Viewpoints

This shortage is the culmination of various ongoing issues – geopolitical tensions related to the Russia-Ukraine war, the rapid shift in consumer buying behavior and container freight availability. The deepening power crisis has already taken 900,000 tons of smelting capacity offline in North America and Europe.

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Savvy Supply Chain Leaders Aren’t Letting a Good Downturn Go to Waste

Logistics Viewpoints

Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. With the right data you can reduce your overall transportation costs, both accessorial costs and overall freight spend. Closer to home for supply chain professionals, driver shortages continue to plague the industry.

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The Counter to Constant Supply Chain Volatility Is Pervasive Visibility and Industry Collaboration

Logistics Viewpoints

Real-time transportation visibility platforms tell shippers and their broker/carrier partners where their freight is at any point on its journey. And for our global supply chains, that transformation cannot happen fast enough. Real-time visibility into “static goods” — wherever they may be — is the foundation for managing through volatility.

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November 15, 2023 Update

Freightos

More Resources Home November 15, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe prices (FBX11 Weekly) increased 11% to $1,381/FEU.

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Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

More specifically, it took 83 days for container transport from Europe to Asia, and 88 days from North America to Asia. The Freightos Baltic Index Global Container Freight Index shows the cost of shipping freight remains hugely elevated – more than double the price a year earlier.

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Supply Chain Matters News Capsule Update September 18 2023

Supply Chain Matters

Flexport Focus Turns to Profitability and Cost Reduction In our supply chain technology breaking news update on September 7 th , we highlighted the sudden resignation of Dave Clark from the CEO role of freight technology start-up Flexport. Clark, who assumed the sole CEO role in March after company founder Ryan Petersen handed over the reins.