It's been more than two months since the United Kingdom voted to withdraw from the European Union, but the shock waves aren't close to subsiding - especially with regard to the impact on global supply chains.
Freightos, looking for an edge in the crowded field of tech-driven shipping start-ups, is buying a database of air cargo rates to fill a gap in its new online marketplace.
China's recent move to add the U.S. to a list of Zika-infected countries is worrying U.S. exporters, who fear they will be required to fumigate all containers destined for Chinese ports. The cost to fumigate a container ranges from between $100 and $200.
Spot container freight rates on the major routes from Asia soared by up to 42 percent following the collapse of Hanjin Shipping, data from the World Container Index reveals.
Hanjin Shipping has elected to file for court receivership, the first step towards what will be the largest container line bankruptcy in history - six times larger than the collapse of United States Lines three decades ago, the previous record holder.
Following markedly slow growth of just 3.5 percent in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by little more than 1 percent in 2016, according to the latest edition of the Container Leasing Industry Annual Report 2016, published by global shipping consultancy Drewry.
The holiday season is a make or break scramble for retailers. Their offices are busy and everyone is in a high stress mode to make the season profitable. They invest in getting people in their stores or on their sites with attractive offers. Unfortunately, this omnichannel approach has given way to increase "out-of-stock" challenges.