At the start of 2020, the world may have been looking at what new developments or increases we may have seen in the global shipping industry over 2020. Instead, the industry has to assess how it can recover from the Coronavirus crisis that stopped global trade temporarily. Before COVID-19, China and the United States, two of the world’s major trade partners, had been at a trade war, straining trade relations. 2020 offers new challenges for
The world of shipping and logistics industry is currently changing dramatically and companies and shippers are constantly coming up with new ways to address change. Modern advances in technology play a significant role in this change. While some of the effects can disrupt the logistics industry, over the long run they can help leverage the use of automation, workflow optimization, and artificial intelligence. Current business models have and continue to adapt to such changes, and
Once you have the foundations of your business model in place and have identified primary factors such as products, target markets, and suppliers, your next step is to look at your supply chain to formulate, establish, and implement a logistics strategy. The logistics process is the crucial factor that keeps a well-organized business running, no matter what industry or sector you operate in. Raw materials to manufacturers and finished products to end users. Consumer goods
While many people know that air transport is quicker than ocean freight, you may be unaware of how freight charges are calculated within the industry. As transport costs are a major part of any business model and can have a big impact on your margins, having some understanding of how air freight rates and charges work can influence your future planning. Air freight complements ocean, truck, or rail freight to provide faster and more reliable
The logistics industry is always looking to innovate to improve performance and efficiency. New digital technology is one area that has seen great leaps forward in recent years and has been integrated with current working practices. But one area of technology that has been slower to adapt is autonomous vehicles. While autonomous technology is widely used in the warehousing part of the industry, the actual use of self-driving vehicles is not yet at the stage
Most goods and cargo are transported around the world using ocean and sea freight. In order to make sure that this occurs smoothly, shipping companies must make sure each of the containers is properly packed, stowed, and accounted for. Due to the large volume of cargo involved, international shipping transport companies rely on a few best practices to ensure that containers are shipped properly. 1.Stuffing Standard 20 ft. high cube containers are measured as 1
