freight, demand, US, essential goods

Global Freight Demand Sinks; U.S. Focuses on Essential Goods

U.S.-China freight rates have been heavily impacted by the ongoing developments in Covid-19, according  logistics expert Freightos, which also provides insight on global shipping trends. China-US West Coast prices (FBX01 Daily) rose 1 percent since last week to $1,533/FEU. Rates are 3 percent lower than last year’s prices for this week. China-US East Coast prices…

ISM Survey: 75% of Companies Report Supply Chain Disruption

Today the Institute for Supply Management (ISM) revealed the first-round results of a survey focused on coronavirus disease 2019 (Covid-19) business and supply chain impacts. Notably, nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some…

transportation, emissions, electronics supply chain

3 Steps to Reduce Emissions in a Complex Electronics Supply Chain

Electronics manufacturers are asking for more sustainability data from suppliers as the meaning of Corporate Social Responsibility extends further up and down the supply chain. These conversations are opportunities to manage greenhouse gas (GHG) emissions from a potentially significant source: freight transportation. From materials-sourcing to manufacturing, distribution, take-back, and recycling, transportation-related GHG emissions data can…

How Businesses Can Control Costs in an Uncertain Trade Environment

U.S. trade policies are making headlines as the Trump Administration re-examines international trade agreements and implements tariffs on imported steel and aluminum. Cost increases in raw materials, trade compliance or the transportation of goods disproportionally impact small and midsized businesses, according to research by Freightos, an online freight marketplace. Among companies that import infrequently –…

Fulfillment is the New Battleground in E-Commerce

Thanks to Amazon.com, a customer’s online buying experience is every bit as important as the item that’s acquired. E-commerce b2b capabilities have been lagging b2c, prompting companies to look for ways they can provide fast, accurate and inexpensive delivery options. Innovators have been looking at the logistics space where there’s lots of opportunity for improvement (See…

High-Tech Tackles Logistics

High-tech companies are developing leading-edge solutions to improve a variety of functions in logistics—a complex web of freight movers, third-party logistics companies and parcel delivery services. Here are a handful of companies that have recently launched logistics-related products and services: Freightos has developed an online marketplace that gives importers and exporters on-demand access to global freight services. Freight forwarders,…

Why Scrapping TPP is a Bad Idea

U.S. companies will likely be hurt—rather than helped—by President-elect Donald Trump’s promise to nullify the Trans-Pacific Partnership (TPP), trade and freight experts say. While U.S. manufacturers may find it easier to compete domestically, cancelling the TPP will make it harder to export to some of the fastest-growing consumer markets in the world. “You could call…