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Industry news

• Strategies for Logistics Companies to Stay Ahead

  Time: 2024-02-26 | Publisher: Kevin

  

  In today's fast-paced world, where next-day delivery is the new standard thanks to the pervasive "Amazon Effect," logistics companies face mounting pressure to keep pace with evolving customer expectations. While giants like Amazon set the bar high with their unparalleled efficiency, smaller logistics firms often find t...
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• Inside Debate on India's Logistics Cost

  Time: 2024-02-23 | Publisher: Kevin

  

  In the vast landscape of India's economy, the logistics sector plays a pivotal role in shaping the nation's competitiveness and economic growth. Recently, a significant spotlight has been cast upon the intricacies of India's logistics costs with the release of the National Council of Applied Economic Research (NCAE...
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• Revolutionising Logistics: Unleashing the Power of AI in 2024

  Time: 2024-02-22 | Publisher: Kevin

  

  In the ever-evolving landscape of logistics, the integration of artificial intelligence (AI) is proving to be a transformative force, with profound implications for the industry. As we delve into 2024, several key trends are reshaping the way logistics operates, promising increased efficiency, sustainability, and customer satisfaction...
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• Logistics Policy and Processes for 2024

  Time: 2024-02-21 | Publisher: Kevin

  

  In September 2022, India introduced the National Logistics Policy (NLP), a visionary initiative aimed at transforming the logistics sector and fostering seamless connectivity across the nation. The NLP stands as a pivotal component, intricately weaving together existing strategic plans such as Gati Shakti, Sagarmala, Bhar...
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• Global Freight Recession Prediction for 2024

  Time: 2024-02-20 | Publisher: Kevin

  

  The global freight industry is bracing itself for a prolonged period of recession as soft pricing and challenging economic conditions continue to cast a shadow over the sector. The forecast for 2024 suggests that this downturn may extend into 2025, posing significant challenges for shipping companies worldwide.One of the primary factor...
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• Asia's Freight Rates Surge by 53%

  Time: 2024-02-19 | Publisher: Kevin

  

  Freight rates originating from Asia have witnessed a staggering surge of 53% in just one month, as per the latest data from Freightos. This unprecedented increase is attributed to a combination of factors, including disruptions in major shipping routes and significant decisions made by industry giants. Notably, container shipping tit...
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• Risk of Cyberattacks on Supply Chain Management

  Time: 2024-02-18 | Publisher: Kevin

  

  In an era dominated by technological advancements, the Air Force Research Laboratory (AFRL) recognizes the pressing need to assess and mitigate cyber-related risks within its defense-industrial supply chains. Collaborating with RAND Project AIR FORCE (PAF), the AFRL sought to understand how cyber threats comp...
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• Container Rates Hit $10,000 as Ocean Freight Inflation Soars 40% in Red Sea Crisis

  Time: 2024-02-05 | Publisher: Kevin

  

  In a sudden turn of events, the global supply chain is facing a severe crisis as 158 vessels, carrying approximately $105 billion in ocean freight, are being diverted away from the Red Sea due to the escalating risk of Houthi attacks. This redirection, coupled with the continuing aftermath of the COVID-19 pandemic, has led to a ...
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