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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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The Post-Pandemic Supply Chain with Peter Tirschwell

The Logistics of Logistics

Joe and Peter discussed the following: International Longshoremen & Warehousing Union (ILWU) on the West Coast are negotiating a new contract with the Pacific Maritime Association which represents 70 ocean carriers and terminal operators who operate at the 29 West Coast Ports. Learn More About The Post-Pandemic Supply Chain.

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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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An Air Charter Solution for Teradyne in a Time of Disruption

CH Robinson Transportfolio

The order required moving oversized equipment from Shanghai (PVG) to Taiwan (TPE) within a limited time window. Commercial air freight and sea shipments were unable to meet Teradyne’s needs. Day 2-3: Engineers were onsite at the terminal warehouse to streamline the customs process and prepare for potential inspection.

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

Supply Chain Matters

Further concerning was that the volume of warehouse finished goods inventories rose to the greatest extent in four months. Taiwan Taiwan’s activity as reflected in the S&P Global Taiwan Manufacturing PMI® March report indicated a milder deterioration in production operating conditions. New export orders also fell.

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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

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. Bloomberg).