Maritime insurance executives estimate that 3,000 containers have been lost at sea over the past few months alone. Compared to the 1,382 containers on average lost per year between 2008-2019 as reported by The World Shipping Council, that’s a big jump. What’s the reason for it? As you may have expected, there’s not a simple, [...]
The boom in ecommerce poses novel challenges to the logistics industry. Online shoppers expect convenience, flexibility, and a high-quality shopping experience. In Asia, government-mandated lockdowns and closed shopping malls during the ongoing pandemic drove individuals to purchase everything from groceries, to gym equipment and digital accessories online. Even with lockdowns slowly lifting across most countries, [...]
Global transportation—like many industries—has faced unparalleled disruptions over the past year. Now, as we head into 2021, there are new and different challenges added to the mix.
Since my previous blog, and after months of negotiations, the United Kingdom (UK) and the European Union (EU) reached a deal on December 24, 2020. Both parties avoided the disruptive outcomes of a no-deal, and signed a provisional EU-UK Trade and Cooperation Agreement (TCA) that will define their relations going forward.
It’s safe to say that 2020 will not be a year easily forgotten. This past year has been full of adjustment. Around the globe, our personal and work lives were upended with very little warning. As the pandemic spread, spending time with friends and family, water cooler conversations with co-workers, and even dependence on a [...]
The trucking market experiences many shifts in supply and demand that cycle between times of oversupply and undersupply of capacity. Each cycle brings a unique experience as various factors affect the peaks and valleys of balance, the transition experience, and the time to complete the cycle
September 22, 2020, marked the first day of fall in the United States. For many, this exciting time of year brings joy—pumpkins, apples, turkey, pastries, and all commodities necessary for successful fall and winter holiday celebrations. Fall also means a significant spike in demand in regions that grow and distribute pumpkins, apples, corn, proteins, confectionaries, [...]
Weekly meal planning is a recurring event in our household. Although this activity is not particularly exciting, every Saturday my wife and I sit down to plan out our family meals. This process helps us avoid the mid-week supermarket scramble, as well as sidestep overspending on items we don’t actually need. Sound familiar? Supply chain [...]
After an extremely volatile first half of the year, the challenges in the air freight market look set to continue into 2021, requiring both foresight and forward planning from businesses.
Tropical Storm Isaias recently impacted a portion of North America, unsettling multiple municipalities with power outages, road closures, and flooding. Despite the impact, many businesses remained open and transportation across modes continued operations with little disruption. Although the impact to supply chains from this storm was minimal