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Industry Mitigation Strategies To counteract the rising costs and supply chain delays, technology firms are focusing on: Expanding manufacturing capabilities in non-tariffed countries like Vietnam, Thailand, and India. Relying on inventory stockpiling to prevent shortages of high-demand items like smartphones and laptops.
Vietnam has been a distant second post-pandemic, representing roughly 8%. Increased orders from countries like Vietnam and India helped fill the gap, but only offset about 10% of the lost volume. For inland freight demand to surge, inventory levels in interior markets will need to show meaningful reductions. While direct U.S.-bound
Blog More Resources Home September 10, 2024 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. China – N. Europe weekly prices fell 4% to $3.45/kg.
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.
The research notes that noticeably expanding trading relations are between businesses based in: Malaysia (61%) and Vietnam (52%) with China; India (54%) and the United States (51%) with Europe; and the United Kingdom (46%) and India (62%) with the United States.
According to FedEx, this route enables more efficient capture of volume from countries such as Vietnam, reflecting a broader strategy of targeting emerging trade flows from Asia to Europe and Latin America. As sourcing demand shifts to Southeast Asia, FedEx launched a direct flight from Singapore to the US.
companies to import more from countries including India, Thailand and Vietnam. million km) using battery-electric vehicles hauling customer freight. Schneider says it began running the trucks to haul customer freight in January. Schneider National says it’s the first major carrier to rack up 1 million miles (1.6
2024 Typhoon Season has Caused Billions in Agricultural Losses This year’s typhoon season has been particularly disruptive, severely affecting port operations and shipping across the western Pacific, with significant storms such as Gaemi, Ampil, Shanshan, Yagi, and Bebinka impacting Taiwan, China, Japan, Vietnam, and the Philippines.
East Asia – April 29, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. America container service loops.
million in extra freight charges, along with additional costs and lost profits. South and east Asia, as well as the Pacific region are expected to benefit most from the change, with India, Vietnam, Thailand and Indonesia receiving particular mentions, followed by rivals in Latin America.
They immediately knew where they needed to take action, such as rerouting freight or adding new cross-docking facilities. An attendee poll at a recent conference of The European Freight and Logistics Forum hints at some cultural challenges. LogiSYM—Vietnam Digital 2020 – LogiSYM December/January 2021. A year of reflection.
Carrier and Freight Strategy Adjustments Tariff-related rerouting has prompted carriers to rethink their strategies: Ocean carriers are restructuring trans-Pacific lanes to avoid ports with elevated duties or delays. Freight forwarders are increasingly promoting transloading and FTZ usage to defer or avoid tariff payments.
GLOBAL TRADE NEWS Xeneta , an ocean and air freight rate benchmarking and market analytics platform provider, investigated how growing geopolitical divisions are manifesting in a shift away from manufacturing in China, and an increase in friendshoring. In percentage terms, Vietnam’s exports grew the most.
Quantifying the Import Impact Importers believe the potential impact on freight volumes to be substantial, with 54% of importers anticipating “serious to significant” reductions in their import activity. Eytan Buchman CMO, Freightos Group Eytan Buchman loves freight so much he shouts out container sizes while he walks around.
The acquisition will create what Swissport describes as a single point of contact for shippers, cargo airlines, and freight forwarders while offering such services as aircraft handling, warehousing, customs clearance, tracking, and preparation for final delivery. Shein is also moving to mitigate the impact of the new US measures.
With trade wars and tariffs pinching operational profitability, manufacturers are looking at alternative locales like VietNam, India and, Mexico. Instead, these organizations would be able to move freight over the road, via rail and multimodal carriers. This strategy is not without its risks though.
The world’s most popular route is still chock full of surprises, including: Vietnam has emerged as star exporter to the U.S., Venture Capital Loves Freight. The industry talk is now on how consumer e-commerce attitudes are starting to impact freight. BETTER INTERNATIONAL FREIGHT HAS ARRIVED. Express Logistics.
BluJay customers include five of the top 10 food and beverage companies, 32 of the top 40 LSPs, and 24 of the top 25 freight forwarders. TMS solutions are moving beyond being just a freight management tool. BluJay works with over 8,000 companies in more than 100 countries around the globe.
Reportedly, increases in air freight demand out of Asia increased during the summer months. increased 10 percent, while Vietnam and India inbound volumes reportedly increased 20 percent for DHL. Asia Pacific and China airlift capacity into the U.S. As an added note, container imports from major U.S.
My projects in Malaysia, Philippines, China, Indonesia and eventually Vietnam, ranged from customer service and order fulfillment, shop-floor planning, inventory management, import/export and procurement. Family reasons relocated me to Bangkok in 2011. .
Determine the optimal scenario that minimizes total production, freight, inventory costs and meets service requirements. Manufacturing Analysis: Optimize the total landed costs of production decisions. Balance your capacity constraints and operational requirements in one model.
Freight Shipments Fell 0.7% Simply put, the countries in the TPP (which includes Canada, Japan, Vietnam, Australia, Singapore, and six other Asian countries) account for 40 percent of U.S. WTO overcomes last minute hitch to reach its first global trade deal ( Reuters ). XPO Logistics Agrees to Acquire NLM. in October from September.
Thailand’s 63 paved airports moved 2,134,149,001 mt-km of freight in 2015. In addition to its well-developed air freight infrastructure, Thailand also has a modern and robust transportation infrastructure of paved roads, rail and waterways. Japan, Hong Kong, Vietnam, Australia and Malaysia. billion worth of goods.
Included in the 85%, our top four sourcing countries are Vietnam, Bangladesh, Cambodia and Indonesia in that order. The remainder of our production comes from Southeast Asian countries, primarily Vietnam. market and negotiating cost sharing with our factory partners. I wear a number of hats these days.
Vietnam is slowly opening back up but production will take time to ramp. Retailers such as Walmart, Home Depot, Ikea (who is also buying their own containers), Dollar Tree, and Costco (which will lease smaller charters through next year) have all chartered their own vessels to help combat severely supply chain constraints.
One to two weeks before CNY, factories will speed up their production causing a surge of freight. Vietnam – Lunar New Year – February 14-20 . “By implementing a few critical steps in advance of the holiday, shippers can avoid unnecessary bottlenecks and continue business with little or no interruption.”. Indonesia – CNY – February 16.
The areas that will be deliberated in future articles are ocean shipping market landscape, freight procurement, reliability & visibility and the competitive landscape. We can observe this quite clearly in the growth experienced in countries like Vietnam, India as well as Hungary and Mexico.
East Asia – April 29, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. America container service loops.
Locations that have benefitted from this sourcing shift are noted in the report as Vietnam and Mexico , the latter being a preferred nearshoring or friendshoring alternative. As an example, the authors point to Vietnam gaining ground in electronics, apparel and textiles, while Mexico has been increasing U.S. supply chain activity.
This cost includes the per-unit price of the product itself, freight charges, taxes, import and export duties, insurance premiums, payment processing fees, currency exchange rates and other expenses. It is an all-encompassing figure that accounts for every expense incurred along the way.
Starting from the early 1990s, North American and European manufacturers made a beeline to set up factories in China, India, Vietnam and other Asian and African countries where labor was dirt-cheap and the cash-strapped governments of those countries were more than welcoming. Rising costs of labor in China and other places.
What is your air freight strategy for the year ahead? The surge in demand for air freight that took off in mid-2016 normalized in early 2018. The surge in demand for air freight that took off in mid-2016 normalized in early 2018. Airlines continue to hone their air freight capacity strategy. Two steps to take now.
This robust infrastructure makes it easy to move freight in or out of the country quickly and easily. The annual freight traffic on registered carriers was 11.297 billion mt-km in 2015. Its primary export trading partners were China , the US , Vietnam, Hong Kong and Japan. The country also has 466 heliports.
Uber Freight recognizes the importance of managed transportation. Uber Freight has aquired Transplace. The LTL space remains significantly tight as well-no relief there at all. New activity in the M&A space-check out the details in the attached report. The acquisition comes at a time of accelerated transformation in logistics.
Any freight they reject just pushes back into the domestic OTR space-putting further pressure on rates and capacity. Rolling blackouts in China are impacting production and although the situation in Vietnam is slowly improving, there are still significant challenges on the origin side. On-time performance for July was a whopping 15%.
billion in supply from the rest of the world, 75% of that is comprised of four countries, Taiwan, Vietnam, Malaysia, and Thailand. Nelson - COO, EVP and President, Tools & Outdoor We have developed a flexible footprint to leverage as trade policy evolves. billion to $1.6 I wear a number of hats these days.
These smart operators include: John Deere: The agricultural vehicle manufacturer says it expects to spend $40 million (USD) on expedited freight to ensure there is no disruption in supply. Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea.
What is your air freight strategy for the year ahead? The surge in demand for air freight that took off in mid-2016 normalized in early 2018. The surge in demand for air freight that took off in mid-2016 normalized in early 2018. Airlines continue to hone their air freight capacity strategy. Two steps to take now.
Robinson Expands Asian Operations to Vietnam. February 2015 North American Freight Numbers. JDA “Writes the Book” on Supply Chain. Manhattan Associates Reports Record First Quarter 2015 Performance. Ryder Reports Record First Quarter 2015 Results. SAP Announces First Quarter 2015 Results.
2015 was a big year in terms of logistics and globalization for Amazon, who began making their way into the shipping industry, registering in China as a freight forwarder and a shipping broker for 12 routes, including Shanghai to Los Angeles and Hamburg. Lazada now owns Redmart and Alibaba has a controlling stake in Lazada.
Lead times are typically 30-45 days for ocean freight, plus production time. Raw material prices and freight rates can swing dramatically, affecting landed costs. Many companies are now developing parallel supply sources in countries like Vietnam or India. Add another 14-21 days for customs clearance and inland transportation.
Corie Barry - Chief Executive Officer Finally, consumer electronics products coming from countries such as Vietnam, India, South Korea, and Taiwan are currently subject to 10% tariff. I wear a number of hats these days. In addition, be sure to check out my website and be sure to sign up to receive more blog posts.
With securing low-cost labor no longer the ultimate goal — and with supply chain disruptions, labor shortages and rising freight rates being the ‘new normal’ at least for now — companies are reshoring, localizing and making goods closer to where they sell them. ”[4].
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