Freight update January/February 2022: latest news and updates on the worldwide supply chain
The worldwide supply chain is constantly changing. Since 2020, there has been a global capacity crunch with prices rising and ongoing container shortages persisting. These monthly updates will share some of the latest freight forwarding news, so we can keep you abreast of the situation.
Let’s start with the good news, shall we?
What made 2021 peak season a success
Between hiring (and even overhiring) seasonal staff and buy-online-pickup-in-store (BOPIS), last year’s peak shopping and shipping season was actually pretty okay. Read more.
A tale of two shipping markets
Spot rates are still near historic highs for container shipping. But over in commodity shipping — dry bulk, crude and product tankers, liquefied natural gas (LNG) carriers — spot rates have now sunk below five-year averages. Read more.
Another case for good insurance
The increasing frequency of freak weather events due to climate change is translating into a rising level of risk to cargo. Read more.
Four threats for the year to come
The fractious relationship between ocean carriers and their freight forwarders and NVOCC (non-vehicle operated common carrier) customers is seen as one of four key disrupters to the supply chain this year. Read more.
With half a century of international shipping and freight forwarding experience, Cole is your full-service freight partner. We’ll help you navigate this challenging time—contact us today!
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