Asia and freight market update; August 2023
The container shipping line’s capacity management is driving rate recovery from Asia to the US, Europe and the Med, while the quiet summer period continued in airfreight markets during July,…
News
75% of ILWU Canada membership ratify deal
With union members voting to accept a contract tentatively reached in Western Canada and the port of Halifax, Montreal is the last major container port to agree a new labor…
HMRC targeting forwarders for duty and vat
HMRC have been taking action against UK intermediaries, while acting as ‘indirect representatives’ in relation to valuation issues, under-paid duties and VAT since 2021 and our trade body, the British…
eCommerce; making it personal
Personalisation of eCommerce shopping increases conversion rates by 10-15%, and with the receipt of their order the one time an online brand physically connects with customers, brands need to leverage…
Government may delay Post-Brexit food checks again
The government has said it is assessing its post-Brexit border control plan after the Financial Times reported that it was going to delay the introduction of import checks on goods…
Critical visibility in the supply chain
For many importers, the underlying problem that prevents them from pivoting their supply chain when disruption impacts, such as that triggered by the pandemic, extreme weather events or industrial unrest…
Asia freight market update; July 2023
A subdued peak season, followed by a lengthy slack period, will prompt further rate erosion from Asia to Europe, while rising imports have been driving trans-Pacific spot rates up and…
Mixed performance on sea freight lanes
Last week’s spot rate data saw trans-Pacific rates into the US West and East Coasts increase for the 3rd consecutive week, while rates from Asia into North Europe flatlined, Asia…
Leading shipping lines announce Asia-Europe price hike
With no significant peak season in evidence and despite record-breaking deliveries of new container ships, the three biggest carriers have announced General Rate Increases (GRIs) effective from the 1st August.…
Supply chain resilience in ‘normal’ times
The pandemic accelerated transformation in supply chain operations, as businesses finally understood how critical resilience is and where business leaders once viewed the supply chain as an opportunity to drive…
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