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The air freight market benefited from massive modal-shift volumes over the last two years, as ocean carriers struggled to maintain schedule integrity in the face of endemic disruption, but those shippers are moving back to ocean as congestion eases and
Market fundamentals have been changing rapidly and the costs of transporting goods out of China and many other critical sourcing regions continues to sink amid a sharp slowdown in western economies. Air freight rates continue to soften, with ocean rates
As global economies take a battering, with purchase manager indices and consumer sentiment plunging, the inevitable slowing in demand is leading carriers to blank sailings, with 8.8% of capacity due to be pulled from Asia to Europe and a pronounced
Tensions across the Taiwan Strait are not good news for global supply chains, but after a difficult 18 months recent data suggest supply chains may be returning to relative calm. The global supply chain pressure index, is down 57% from its
While the threat of port strikes have lessened on the West Coast of the United States, it seems that they are popping up just about everywhere else. Political, economic and social effects are driving escalating labour disputes and impacting consumer demand
With Shanghai’s two month lockdown finally lifting there are concerns that the congestion crippling global container terminal operations is unlikely to end anytime soon, as a backlog of >260K teu and a lot of pent-up demand is released, raising fears
The Shanghai’s two-month lockdown was lifted on Wednesday June 1st, although there are still some areas designated as “high risk” by the government and 2 million people remain confined to their homes. Businesses and shops are allowed to reopen but China’s
Our latest market report provides a multi-modal situation and Shanghai lockdown summary, together with international freight, carrier and rate updates, that will provide you with supply chain insights for the weeks ahead. After the Prime Minister’s trip to Northern Ireland to
The Digital Container Shipping Association (DCSA) recently announced the establishment of the Future International Trade Alliance, in which both parties agreed to work on the development and acceptance of appropriate standards to facilitate the use of electronic bills of lading
Buying in online retailers and stores located anywhere in the world is becoming an increasingly common activity. Now, it is something that is being done even more due to the coronavirus pandemic that we are suffering. All products purchased in
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