Our VP of Global Supply Chain Paul Brashier recently spoke with the team at DAT Freight & Analytics on port and rail conditions and freight forecasts for the back half of the year. While port and rail conditions are operating at normal levels now, this could be a calm before the storm. "Right now, we're starting to see forecasts for an early peak," said ITS Logistics VP of Global Supply Chain Paul Brashier. "So we're going to start seeing a lot more import volume come into the US as we get into the back end of July, August, and September. And with that, you're going to start seeing a lot more congestion." Listen to the full interview here: https://hubs.li/Q02G87t80
ITS Logistics’ Post
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How can procurement professionals manage ocean container shipping budgets in an age of intense geo-political turmoil and uncertainty?https://lnkd.in/dzzWdDfj An example of the scale of budgeting challenges To demonstrate the magnitude of this budgeting challenge, we only need to look back at the chaotic market developments during the Red Sea conflict. The below scenario is used for illustrative purposes and is based on a shipper transporting 5 000 FEU (40ft equivalent container) per month from the Far East to US West Coast, with 50% moved on the spot market and 50% on a long term contract. Click the above link to get the full #insights. #data #insight #supplychain #containershipping #freightspend
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I reduce cost overrun for small / medium / large shippers and importers, increasing visibility and efficiency in your supply chain. Email me matthew.fotion@arcglobal.us to learn how.
Peter is 100% correct (no surprise there) - the connectivity of separate markets in the last 20 years have led to separate geopolitical turmoil creating massive ripples through the logistics market. I'm hearing word of a potential GRI continuance through August 15th with the likes of MSC. Don't count on declining rates for a while. #internationallogistics #containerimports #containerlogistics #arcglobal #logimark #xenetadata
How can procurement professionals manage ocean container shipping budgets in an age of intense geo-political turmoil and uncertainty?https://lnkd.in/dzzWdDfj An example of the scale of budgeting challenges To demonstrate the magnitude of this budgeting challenge, we only need to look back at the chaotic market developments during the Red Sea conflict. The below scenario is used for illustrative purposes and is based on a shipper transporting 5 000 FEU (40ft equivalent container) per month from the Far East to US West Coast, with 50% moved on the spot market and 50% on a long term contract. Click the above link to get the full #insights. #data #insight #supplychain #containershipping #freightspend
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Tune in to our webinar and learn how we manage your tanker asset with global reach through our offices worldwide with professionalism and best in class earnings #weenablesmarterglobaltrade #nordentankerpool
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Ocean market rates are on the rise with no signs of slowing. Understanding why and what to do to prepare is the key to maintaining your supply chain integrity.
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Sales & Marketing | Supply Chain & Logistics | Strategy | Senior Leader | Product Development | Product Marketing | Product Management | Pricing & Revenue Management | Innovation | Process Redesign
Ocean market rates are rising and space is tight. Understanding the answers to questions like: What? So What? and Now What? are critical to prepare for peak and maintaining the integrity of your supply chain. UPS can help!
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Enterprise Account Executive @ DAT Freight & Analytics | Rates and Market Intelligence data|
Ignoring transportation rate data is like driving a car with a blindfold on.. You won't see the road ahead and will likely end up in a ditch. That ditch could be: - Inaccurate budgeting - Incomplete bid analysis - Inefficient resource planning - Uninformed carrier reviews and negotiations - Unrealistic expectations being reported upstream - Missing out on cost savings opportunities or risking rate increases. #transportation #dataanalytics #supplychainmanagement
