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Ocean Freight: Key Trends & Planning For Peak Season 2023

Ware2Go

See the latest insights on ocean freight rates and other trends that fast-growing businesses should know about to plan for 2023 peak season. In this article: Ocean Freight: Key Stats & Industry News Ocean Freight Shipping: What to Watch For In 2023 Freight Shipping From China & Alternatives What Are The Current Ocean Freight Rates?

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From Taiwan to the U.S.—Duty-free

3PL Insights

About half of the 132 containers filled with tires, were en route from Taiwan, headed to the East and West coast ports. “We We needed to find a Foreign Trade Zone (FTZ) warehouse, quickly.”. Upon arrival at the warehouse, the containers were unloaded, inspected for damage, and inventoried by SKU and documentation.

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

However, we discern some added signs excess inventories and of production sourcing shifts. Further concerning was that the volume of warehouse finished goods inventories rose to the greatest extent in four months. percentage point increase in March while the Inventories sub-index dipped to the contraction value of 47.5,

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CAPS Conference: The Economist Projects What’s in Store for the Global Economy

NC State SCRC

Conflict erupts between China and Taiwan (Andrew said this is not likely, and I agree – see my previous blog ). The good news is that ocean freight rates will start trending down somewhat. War in Ukraine turns into global conflict. China’s zero COVID policy leads to severe recession. Cyberware erupts and shuts down supply chains.

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

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Deloitte Global).

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Justifying Investments in Risk Avoidance

MIT Supply Chain

I gave the example of Sun Microsystems, which suffered a spate of freight thefts in Europe. Consider, for example, Amazon’s drive to build more warehouses throughout the US. The strategy incurs higher costs in terms of capital expenditures, labor, and inventory, but the payoff is superior service.

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Logistics Bureau Supply Chain and Logistics News Roundup, July 2022

Logistics Bureau

A growing global warehouse capacity crunch. For instance, the hangover from the pandemic, which has not yet permitted ocean freight from China to return to anything like normal service, is a problem that continued COVID outbreaks and associated port closures are exacerbating. Warehouse Capacity Under Pressure.