The worldwide supply chain is constantly changing. This year, there has been a global capacity crunch with prices rising and ongoing container shortages persisting. These monthly updates will share some of the latest news in freight forwarding, so we can keep you abreast of the situation.
One of the biggest impacts of this “pandemic year” has been fluctuation (and frustration) in transportation pricing. With freight representing up to 50% of your logistics cost and 10-20% of your retail price, your transportation expenditures are a big part of your bottom line.
In part 1 of this article, we wrote about autonomous vehicles being tested currently and how self-driving trucks could be used in shipping today. In this second part, we’ll discuss the upsides and downsides to autonomous vehicle technology.
We’ve written about shipping innovations before, but this week we dive into the emerging world of autonomous vehicles.
You may have noticed that it’s harder to get a last-minute booking from a shipping company these days. You might also have noticed that your bill is much higher, too.
‘Tis the season: hurricanes, polar vortices, blizzards. Extreme weather events can shut supply chains down, leading to delays, shut-downs, and other impacts.
More and more links of the supply chain are relying on software based solutions for management, tracking, communication, and automation. Logistics companies use these types of systems to give their customers more visibility—helping to streamline operations all the way down the chain.
Consolidation and cross-docking can help increase efficiencies and lower costs for shippers.
It’s a term we’re hearing more this year than ever before with unpredictable shipping patterns of international trade.
The new SWI landscape
The Single Window Initiative means several changes for importers: