OPEC Or The Chinese New Year? Freight Prices Going Forward

Freightos

Freight Prices Going Forward. But even though this is effectively limiting production of 1% of the world’s global oil supply , it won’t impact freight prices. Looking back at ocean freight prices as a function of Brent crude oil in 2015, the correlation between fuel prices and freight prices is minuscule (-0.2 The Year of the Rooster: Early Freight Pricing. What does this have to do with price of freight in China? Freight Insights LogTech

“Too Big to Fail”: 10 Things you Need to Know About El Niño

Elementum

A shorter monsoon season in Indonesia, the Philippines, and Malaysia will help miners procure more materials, used heavily in the electronics industry. But the typhoons will threaten Taiwan, China, and Japan, leaving countries like Indonesia in need of precipitation. This could be a record-setting year for typhoons, meaning heavy disruptions of air and sea freight. El Niño is officially set to wreak havoc around the world—starting now.

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The Supply Chain’s Vision Problem

Enterra Insights

” Alex Saric, a procurement expert at Ivalua, observes that poor supply chain visibility exposes companies to unwanted risks. Here, a smart approach to procurement will allow companies to improve supplier visibility, put effective measures in place and identify supply chain risks as they appear. Most companies weren’t buying from China or Taiwan or Malaysia like they are today.”[4] Supply chain visibility remains elusive despite decades pursuing it.

What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

In fact, JOC.com sites many Southeast Asia countries—including India, South Korea, Taiwan, Thailand, and Indonesia—have significantly grown their imports into the United States, anywhere from 13-37% compared to last year. Robinson’s local experts in offices around the globe use this kind of information to help manage peak season ocean freight and resolve problems in real time. Diversification in your carrier selection lowers your risk of freight delays or cancellations.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. The company is also focusing on freight savings, expanding its TMS to include more destinations and vendors, shipping more volume through a consolidated network (instead of direct to store) and working with suppliers on various savings strategies.