Asia and freight market update; July 2024
It is now more than seven months since the Galaxy Leader was hijacked by Houthi rebels operating from Yemen and despite numerous strikes by US and coalition forces, attacks on…
It is now more than seven months since the Galaxy Leader was hijacked by Houthi rebels operating from Yemen and despite numerous strikes by US and coalition forces, attacks on…
Global sourcing is particularly useful for organisations that are seeking product differentiation or want to find the most cost-effective manufacturing, however it does come with a number of challenges, particularly…
Diversions around the Red Sea and port congestion have absorbed any excess sea freight capacity that existed at the end of 2023, with spot rates rates more than doubling since…
Cross-border eCommerce is an effective strategy for business expansion, allowing online brands to serve overseas customers by realigning their fulfilment capabilities and adapting their websites or joining online marketplaces to…
The OECD, WTO and IMF are predicting that global trade growth could more than double in 2024, with falling inflation triggering lower interest rates, to stimulate domestic markets and consumer…
Labor contract negotiations for 45,000 dockworkers along the US East Coast have been canceled, industrial action by Canadian railways is becoming more likely, port workers in Germany went on strike…
Despite talk of deglobalization, near-shoring and global economic tensions sea-borne imports into the United States continue to grow, increasing by more than a quarter on pre-COVID 2019. With the trade…
The additional two weeks it takes for ships to sail around the Cape of Good Hope as a result of the Red Sea conflict’s effective closure of the Suez Canal…
US Customs and Border Protection (CBP) has confirmed that it is cracking down on ‘de minimis’ eCommerce shipments, to ensure they are compliant, with several high-profile freight forwarders and customs…
We are monitoring a potential strike by the International Longshore and Warehouse Union (ILWU) that would impact Vancouver container terminals, as well as possible action by the Canada Border Services…