A shipping alliance between the world’s largest container lines had ended. This means there will be more opportunity, greater competition, and lower ocean shipping rates. Maersk and MSC announced that they no longer plan to continue their 2M alliance. The alliance is due to expire in 2025. A vessel-sharing agreement was first launched in 2015 […]
With lower demand in the spot market shippers are starting to find efficiencies. The conditions that were once fueled by the pandemic have started to wane. Soft economic conditions are forest for the first half of 2021 which might not be ideal for carriers but it is helping create a shipper’s market. The major carriers […]
As 2023 starts, supply chain CEOs are focused on making resiliency and efficiency the key components of their agenda in the new year. Globally, companies have made changes throughout the many supply chain networks in order to overcome the upheaval of the previous two years. They must try to foresee future problems coupled with potential […]
The COVID-19 pandemic changed the way the supply chain industry operates. Visibility of all manufacturing components and parts helped improve management and assist in streamlining the process. When problems remain invisible, they just grow larger. Manufacturers have started to examine siloed data to improve production and expand the bottom line. Artificial intelligence (AI) helps meet […]
Is 2023 going to be the year that the logistics sector returns to ‘normal’ which would be pre-pandemic norms? Many factors within the supply chain remain vulnerable to many external events such as the economy, inflation, fuel prices, and more. With so many external forces, predictions remain hard. Impact of a Recession on Logistics in […]
Since the COVID-19 pandemic, disruption and uncertainty have plagued the supply chain. A survey was carried out by Coupa Software (NASDAQ: COUP) who is a leader in Business Spend Management (BSM) that found that 82% of supply chain management forecast greater challenges throughout 2023. In 2022, four out of five organizations encountered a serious supply […]
On February 3rd, the Customs and Border Protection (CBP) extended the requirements for customs broker employees in the ACE Portal. They are giving customs brokers “additional time to comply with the requirements and allow for the implementation of technical fixes in ACE.” CBP announced: “All brokers will have until April 14, 2023, to satisfy the […]
During the COVID19 pandemic ports in such places as Los Angeles dominated the headlines. In the early part of 2022, a near halt occurred in shopping which impacted the world. However by 2021, the demand for good skyrocketed and consumer purchasing become unquenchable. The ports, such as L.A.-Long Beach port complex in Southern Californian became […]
Sunny and beautiful Orlando, Florida is home to Sobel’s Nationwide Pricing Office and a team of experienced experts led by Regional Pricing Manager Belinda Perrot. When asked what makes the station great, she had this to say, “Our Orlando team is known for their quick response and fast action. We are all excited and motivated […]
The supply chain is improving, but not fast enough for many. Consumers continue to see high prices and unrest remains. One of the ongoing problems impacting logistics remains severe worker shortages. Suzanne P. Clark the U.S. Chamber of Commerce president stated in an interview: “Business demands better from our government because when it comes to […]
