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Incoterms® (International Commercial Terms) serve as essential guidelines in international trade, defining the responsibilities of buyers and sellers regarding the delivery of goods. Established by the International Chamber of Commerce (ICC), these rules are crucial for avoiding misunderstandings in global
Efficient material handling is the backbone of a successful supply chain. It encompasses everything from the movement and storage of raw materials to the management of goods in warehouses and their transportation to end-users. However, inefficiencies in material handling can
The global economy
In today’s fast-paced global economy, the role of technology in supply chain management has become increasingly crucial. As businesses strive to stay competitive and meet the ever-evolving customer demands, leveraging technology has become essential for streamlining operations, optimising efficiency, and
After announcing the end of the 2M alliance Maersk is joining with Hapag-Lloyd to form The Gemini Cooperation, in a move that will shake up the East-West container shipping market. Since announcing the breakup of its 2M Alliance with MSC in
Two weeks after sea freight spot rates from Asia to Europe started to peak and after the scramble for capacity ahead of Lunar New Year subsided, it seems that the US trade lane from Asia may be following suit. Two weeks
Carriers have already been announcing additional blanked sailings in the weeks after the Golden Week holiday, suggesting that demand is expected to decrease in the weeks that would typically be in the peak season. The percentage of industry-wide blanked capacity
The last mile is where the symphony of logistics reaches its crescendo. At Noatum Logistics, we acknowledge that it’s not just a delivery; it’s the apex of the customer experience. Our profound understanding of the essence of last-mile delivery has
Rising imports have been driving trans-Pacific spot rates up as the peak season nears, though the lines GRI success looks less likely on North European routes, unless blanked sailings impact is felt quickly. After four months of rising imports from Asia
Blank sailings in June were lower than previous months, but most container shipping lines are now looking to implement further blank sailings in July to support rates, which will affect transit times and cause delays. Airfreight rate softening between May
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