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More Resources Home October 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly increased 2% to $1.82/kg.
2024 will be remembered as one of those years in shipping with very heavy congestion globally. Weather events will continue to impact in 2025. In 2024 carriers did learn how to operate better with service changes and blank sailings, and that will somewhat reduce congestion impact this year. It all started with Red Sea crisis.
The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools. They can ingest large volumes of functional data and leverage advanced intelligence to recognize broad trends and specific disruptive events. billion to $23.07
More Resources Home May 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe – N. America weekly prices fell 2% to $1.73/kg.
More Resources Home April 9, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe – N. America weekly prices fell 7% to $1.87/kg.
More Resources Home April 16, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
In 2024, strikes at U.S. Such events not only affect local economies but also create worldwide ripple effects, disrupting production and logistics. ports caused major disruptions in global supply chains. When ports shut down, shipping routes change, containers are diverted, and overall trade volumes decline.
More Resources Home September 25, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
In May 2024 alone, a total of 15.94 Events like the blockage of the Suez Canal in 2021 have shown the vulnerability of global trade routes, pushing companies to seek more reliable shipping options. West Coast reached $8,000 in May 2024, up from $1,500 in early 2020. million TEUs set in May 2021.
2024 has so far been a year with many potential risks and unknowns. Importers are already front-loading as it will cost them much more in the event tariffs are being implemented. The biggest potential risk is from China where trade volumes have been up 15% so far this year (October 2023/October 2024) from 7.69 million TEUs to 8.89
Lets revisit the key battlefronts I identified in the AI Wars and examine the flurry of AI announcements in 2024 for proof that this analogy is useful for contextualizing the chaos and the real dynamics at play in the industrial AI arena. billion in funding. billion in funding.
To understand the potential economic impact, it’s helpful to revisit past events. Carriers like Maersk are expecting substantial profits in 2024, with forecasts ranging between $9 and $11 billion in operating profit for the year. Economy: A Numerical Analysis appeared first on More Than Shipping.
The outcome of the 2024 presidential election is poised to bring pivotal changes to industries deeply tied to the nations economic and regulatory framework. Immigration & Labor Policy New Enforcement Priorities Under the new administrations proposed 2024 platform, significant changes are expected in immigration and labor enforcement.
ERP trends 2024 – achieving business success through the use of innovative technologies Now that Artificial Intelligence and Machine Learning are firmly established, we expect to see a massive take-up of these technologies by manufacturers in 2024. Technologies like AI and cloud, among others, enhance supply chain visibility.
In this guide, we will outline nine simple steps to help you start your own medical courier business in 2024. Market Analysis: Conduct a thorough market analysis to identify the target market, competition, and industry trends. Attend industry events, trade shows, and conferences to meet potential clients and build relationships.
I was at the TPM meeting back in early 2024. Secretary of Defense Robert Gates was the main guest at the event and had a different threat in mind. Per their analysis for the last 15 years, the risk level went up from 2.0 While everyone was mainly discussing the Houthi attacks on ships in the Suez Canal, Former U.S.
Image source: Rawpixel | The Future of Supply Chain: Top 5 Supply Chain Trends in 2024 Managing the market’s intricacies will call for a proactive approach that goes beyond simply responding to demands as the halfway point of 2024 draws near. Top 5 Supply Chain Trends in 2024 1.
in January 2024 (the same monthly decline as in December 2023). This decline means that the January 2024 figure is the lowest since September 2022. Year-over-year, schedule reliability in January 2024 was -0.8 In the midst of the Red Sea crisis, global schedule reliability continued to decline. points to 51.6%
COVID-19 and Hanjin’s bankruptcy both have had significant impacts on the global supply chain and share commonalities in the following ways: Disruptions to global trade: both events led to delays and increased costs for shippers and manufacturers who had to find alternative ways to transport their goods.
Top Game-Changing Logistics Trends for 2024: Redefining Global Supply Chains | Image source: Flickr Understanding logistics trends is essential for business, and trend research may help organizations of all sizes predict changes, spot areas for innovation, and remain relevant in a market that is becoming more and more competitive.
Also, the events in the past three years were a huge learning experience for the importers who otherwise haven’t paid this much attention to ocean freight rates and contract negotiations. High-Risk Environment 2024 is the riskiest year on record per the S&P Global World Risk Outlook Index.
The shipping industry giant aims to go fully smart by early 2024. The solar battery-powered tracking devices, equipped with internal sensors and GPS will transmit data through cell networks in addition to recording shock events and ambient temperature.
Fostering Growth and Connectivity in European Logistics The eagerly anticipated third edition of the TransLogistica Romania Exhibition is set to take place at the central headquarters of the Romexpo complex from October 15th to 17th, 2024.
In this guide, we will outline nine simple steps to help you start your own medical courier business in 2024. Market Analysis: Conduct a thorough market analysis to identify the target market, competition, and industry trends. Attend industry events, trade shows, and conferences to meet potential clients and build relationships.
The eagerly anticipated third edition of the TransLogistica Romania Exhibition is set to take place at the central headquarters of the Romexpo complex from October 15th to 17th, 2024. Logistics Business will also be exhibiting.
This event takes place every year. This is a leading trade event for all sectors of the Seafood Industry. ” The latest updates on Antidumping Duties (AD) Countervailing Duties (CVD) from Ecuador In April 2nd, 2024, the U.S. Last month, I had the opportunity to attend the Seafood Expo North America in Boston.
I want to say a special thank you to Steve Banker and Conrad Hanf who I have worked closely with for the last 10+ years on Logistics Viewpoints as well as countless research projects, surveys, and events. percent decline in Priority Mail Services volume year over year for the third quarter of fiscal year 2024, which ended June 30.
The top activities include exploring new restaurants and shops (57%), meeting neighbors (48%), discovering new parks and outdoor spaces (47%) and participating in local events (35%). This survey was live on March 27-April 2, 2024. And if plans change, easily cancel a reservation anytime with no fees attached.
Human resource efficiency: Optimizing and automating routine financial tasks, such as accounts payable and receivable, and general ledger accounting, frees up staff time for activities like financial analysis. Today’s CFO wants to build internal resilience rather than worry about external events outside their control.
OTTO Motors will be featured at Rockwell’s Automation Fair, the world’s premier industrial automation and digital transformation event, Nov. According to Interact Analysis, the market for AMRs in manufacturing is expected to grow about 30% per year over the next five years, with an estimated market size of $6.2 billion by 2027.
Sales of autonomous mobile robots and driverless lift trucks are taking off but the game-changing intralogistics technologies we will see at IMHX 2022 go much further than the simple replacement of man by machine, says event director, Rob Fisher. Indeed, in a recent report Interact Analysis forecast that more than 1.1
Recent events appear similarly momentous, putting global shipping in a precarious position and highlighting endemic issues. Ideally, early impact identification and analysis require shippers to have access to a single source of truth with data from all carriers.
The top activities include exploring new restaurants and shops (57%), meeting neighbors (48%), discovering new parks and outdoor spaces (47%) and participating in local events (35%). This survey was live on March 27-April 2, 2024. And if plans change, easily cancel a reservation anytime with no fees attached.
Blog More Resources Home September 17, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly increased 2% to $1.69/kg.
More Resources Home July 30, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe – N. America weekly prices fell 2% to $1.63/kg.
Tomorrow, August 22, 2024, is the deadline for major Canadian railroads to avert a strike. Rail workers, members of the international Teamsters union, will work off the job in the event of a strike. At 12:01 am tomorrow, Canadian Pacific Kansas City and Canadian National railroads plan to strike if a deal is not reached.
Amazon released its 2024 Ultimate Brand Guide 60 pages worth! Amazon Livestream lets you livestream events such as product launches and promotions from your Amazon store. For example, the Market Basket Analysis shows what other brands and products are frequently purchased with yours.
The CSOC is presently monitoring the Port of Los Angeles’s own technological environment to prevent and identify cyber events, and the port was the first to receive the coveted ISO 27001 information security management accreditation in 2015.
This is due to the following reasons, where each reason can act as a black swan event and will have a profound impact on every stakeholder involved in international shipping and the general public. The number of vessels passing through the canal was down 50% in 2024 competed to 2023 and total tonnage was down around 65%.
Analysis President Trump followed through this weekend on promises to apply tariffs to the Americas North American neighbors. America trade, recent events will probably heighten concern over sharp tariffs on China later this year. kg by mid-2024. Air rates – Freightos Air index China – N. China – N.
Meanwhile, in 2024, 99 percent of all the new power generation capacity in the US was wind and solar. Now in 2024, proposals include significant tariff increases on foreign goods to support U.S. Eliminating them, they contend, could waste billions of dollars already invested. What About Tariffs? manufacturing and job growth.
Just a few months remain until the 2024 U.S. Thus, this election is not just a national but also a worldwide event with profound effects on trade dynamics, geopolitics, and economic stability. The November 2024 presidential election is expected to shake global markets even more than a typical U.S. The 2024 U.S.
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