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Industry news

• 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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• The Power of Collaboration: Exploring the Benefits of Joining a Logistics Alliance Network

  Time: 2024-02-01 | Publisher: Kevin

  

  Ever find yourself stuck in traffic, wondering if there's a faster route to your destination? That sense of frustration is what we call a shared experience. And just like that feeling, the world of logistics understands your need for a smoother journey.Now, imagine if there was a secret route, a collaborative network that cou...
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• The Role of Nearshoring in Strengthening Global Business Relationships

  Time: 2024-01-31 | Publisher: Kevin

  

  In an interconnected world where businesses transcend borders and collaborate on a global scale, the concept of nearshoring has emerged as a pivotal strategy to foster stronger and more resilient business relationships. Nearshoring, the practice of outsourcing business processes to nearby or neighbouring countries, has gained promi...
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• The Future of Logistics Management and Why You Should Pay Attention

  Time: 2024-01-29 | Publisher: Kevin

  

  The future of logistics management is a dynamic landscape shaped by technological advancements, sustainability imperatives, and global shifts. As automation and artificial intelligence revolutionize supply chain efficiency, businesses can gain a competitive edge by embracing these transformative technologies. Sustainability is no longe...
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• GLA New Product Categories

  Time: 2024-01-26 | Publisher: Kevin

  

  Warehouse operations are the backbone of the supply chain, ensuring the seamless movement of products from manufacturers to consumers. However, these operations are not without their challenges, ranging from inventory management to pick-and-pack processes, equipment maintenance, and overall operational efficiency. In recent years, the ...
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