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In #Logistics and #SupplyChainManagement, staying updated with the latest port trends is not just beneficial; it's essential. A recent eye-opening article by Supply Chain Dive offers an in-depth analysis of the largest U.S. ports by volume over the past month, revealing significant insights on coast-to-coast #Cargo trends.

As ocean freight prices loom as an ongoing threat to supply chain cost many businesses are targeting logistics as a key category to counter the issue. S&OP models break in such circumstances, as the issue no longer becomes about optimizing supply with demand, it simply becomes about getting supply in advance of demand, and in this economy, the demand side is anybody's guess. Businesses cannot afford to run out of supply, can only pass on so much cost to the consumer. Most tactics will destroy fiscal metrics if the issue is sustained long term. As ocean freight becomes in-efficient (blank sailing and vessels having to travel around Africa as examples) rates rise. The reality for many businesses is the cost of ocean freight is not a category that is negotiable. Many businesses do not have the scale, global networks or influence to impact the tail winds. Leveraging multiple carriers/providers may help, but the impacts will me small. Supply chains themselves need to be re-engineered. #supplychain #freight #transformation #strategy

Free Whitepaper: 2024 Supply Side Outlook: By Transport Mode The ‘supplyside’ of the logistics sector has experienced as much volatility as the demand side. Acute swings in demand have been amplified by exceptional conditions affecting supply. This has had a longer-term impact on the availability of capacity in a string of markets, notably container shipping, air freight and to a lesser extent road freight. To compound the medium-term developments, short-term issues keep on intruding, notably the problems around the Suez and Panama Canals. Our latest whitepaper provides analysis of supply side dynamics and constraints within the air, sea and road freight markets. The paper also evaluates future outlook developments. Download now 🔽 🔽 🔽 https://lnkd.in/e-r-tZ5P #LogisticsIndustry #SupplyChainInsights #AirFreight #SeaFreight #RoadFreight

📢 🌎 We're thrilled to share with you our latest North America Market Update newsletter for November 2023. 📰📈 Stay informed about the latest trends and developments in the industry.   👉 Check out the newsletter here: https://lnkd.in/gVVrA2yw   In this market update, you'll find valuable insights and analysis on the North American market, enabling you to make informed decisions for your business. It's the perfect resource to help you stay one step ahead in today's dynamic shipping and logistics landscape.   #Maersk #MarketUpdate #ShippingNews #MaerskNorthAmerica #Logistics #IndustryInsights #NorthAmerica

From our latest edition of THE OUTLOOK, here is an update on the U.S. Logistics Manager’s Index: The Headlines: The Logistics Manager’s Index read at 55.6 in May of 2024 (the most recent month available), up (+2.7) from April’s reading of 52.9. With this reading, the index has now expanded in 9 of the last 10 months and for the last six months in a row. The most notable change this month is Transportation Price which increased (+13.7) from 44.1 to 57.8 – the highest level since June of 2022 What’s Important: U.S. domestic truckload prices have been low for a while, so these results may indicate a floor has been reached. The buyer’s market may be at an end, so companies will want to consider locking in pricing for truckload, LTL, and parcel before another move upwards. #theoutlookQ3 #thefreightarchitects #jaguarfreight #logistics

The global freight forwarding market has experienced significant fluctuations, with 2022 marking a contraction of 3.7%. The challenges persist into 2023, with projections indicating a further contraction of 3.9%. However, amidst the contraction, key findings reveal both challenges and opportunities that will shape the industry's trajectory over the coming years. Projections suggest that the global freight forwarding market will exhibit a 1.6% Compound Annual Growth Rate (CAGR) over the five-year period leading up to 2027. Despite the immediate setbacks, the industry is expected to rebound, demonstrating adaptability in the face of economic uncertainties. Delving into specific modes of transportation, air freight forwarding is expected to expand by 1.7%, outpacing sea freight forwarding, which is projected to grow at a 1.6% rate. These figures underscore the importance of diversification and strategic planning for freight forwarders operating in both air and sea transportation. In the ever-evolving landscape of the global freight forwarding market, the key findings provide valuable insights for industry stakeholders. While near-term challenges may cast a shadow, the projected growth and opportunities for innovation underscore the industry's resilience. Forward-thinking companies that strategically embrace technology and offer enhanced services are poised to navigate the currents of change and emerge as leaders in the evolving freight forwarding landscape. #GlobalFreightMarket #FreightForwarder #GlobalLogistics #SupplyChain #LogisticsOutlook #IndustryResilience #FutureofFreight #SupplyChainTechnology #ShippingTrends #StrategicAdaptability #ValueAddedServices

Navigating the Future: Land Freight Forwarding Market Set for Remarkable Growth! The Global Land Freight Forwarding Market is on the brink of a significant upswing, according to the latest study covering the industrial growth from 2023 to 2028. This in-depth analysis provides acute insights into the crucial aspects shaping the market, from revenue projections and production trends to CAGR, consumption patterns, and more. Key Findings and Insights: Definition of Land Freight Forwarding: The report outlines land freight forwarding as the coordination and shipment of goods via highways. The growing global demand for efficient and cost-effective transfer of goods positions land freight forwarding as a vital element in international trade. Growth Opportunities: The study identifies the increasing trend of intermodal freight transportation as a growth opportunity. Factors driving the market include the demand for integrated services, time-definite shipments for perishable products, and growing trade agreements between nations. Challenges and Trends: Challenges include the entry of new players with technological capabilities. However, trends indicate a rise in the numbers and volumes of land transport globally. Looking Ahead: As the market becomes more competitive, businesses must stay vigilant of competitor strategies and changing trends. The scope of market intelligence now encompasses comprehensive analysis and analytics, offering insights that can reshape business models and projections. The Land Freight Forwarding Market is poised for substantial growth, offering a landscape of opportunities for businesses worldwide. Keeping a pulse on these trends is critical for informed decision-making and achieving sustainable business development. #LandFreightForwarding #MarketTrends #GlobalTrade #BusinessGrowth #MarketAnalysis #LogisticsIndustry #SupplyChainManagement #RajaRatandeep

🌐 Market Update: Global Supply Chain and Logistics 🔹 Strong Volumes: The Transpacific route is seeing volumes that surpass last year, despite blank sailings and port congestion in Asia and North America due to Cape of Good Hope (COGH) rerouting. 🔹 Rate Hikes: General Rate Increases (GRIs) for June remain, with more rounds expected for all Transpacific Eastbound gateways due to peak conditions in June and July. Rates are likely to rise further, with vessels from Asia expected to be at full capacity through June. The Pacific Southwest is already full, and the Pacific Northwest will be nearly full by the end of the month. 🔹 Equipment Shortages: Liners are repositioning empty containers, but delays from COGH rerouting mean this issue will persist. 🔹 Port Congestion: High yard utilization, bad weather, and vessel bunching are causing low terminal efficiency and long wait times in Asia. 🔹 Demand and Rates: Demand remains robust, leading to a $1,500-$2,000 rate increase per 40-foot container in the second half of June. With equipment shortages, shippers are pushing cargo to avoid delays. Another GRI of $1,000 per 40-foot container is expected in early July. 🔹 Shippers' Strategies: To avoid freight cost hikes, shippers are pushing for earlier departures. Space is tight, so carriers are offering premium options to ensure cargo is loaded on the first available departure with higher equipment priority. 📈 Stay Informed: Keep an eye on these trends to navigate the ongoing challenges in the global supply chain. #SupplyChain #Logistics #Shipping #GlobalTrade #MarketUpdate Source : Flexport

Have you seen our latest trend report about the North American freight market? As we ask what shippers and carriers can expect in the second half of 2024 and beyond, this report covers: 🔍How does the overall economic situation look right now? What can we expect in terms of demand, capacity and rates? 📜What are the new regulations and laws in the market that will have a high impact on the transport logistics market? What about sustainability regulations? 🥷The growing problem of freight fraud and the main causes 🌐Current infrastructure challenges as a result of trends like nearshoring Are you equipped to respond quickly, intelligently, and effectively to whatever happens down the road? Get your copy of this season’s must read report today and stay up to date with proven use cases for the power of the network. Check it out: https://ow.ly/nLFW30sGaFe

Considering duty drawback as part of your #logistics strategy is crucial for Australian organizations aiming to optimize costs, enhance competitiveness, and thrive in the global market. Learn more: https://bit.ly/48qRSyI