Falling Freight Rates, Rising Urgency for Supply Chain Visibility
This peak season is anything but ordinary. Despite robust shipping demand, ocean freight rates on the main East-West trade lanes are plummeting. On the Transpacific, spot rates surged above $6,000/FEU to the U.S. West Coast in June, only to collapse to ~$1,700–2,300/FEU by mid-August. Rates to the East Coast dropped to ~$2,700–3,400/FEU. Similarly, Asia–Europe spot […]
2020’s Key Logistics Trends: Transforming Supply Chains
Technologies are changing the logistics and supply chain landscape at an unprecedented pace. CIOs and IT leaders must help their organizations adapt in this changing world. The logistics trends are structured around the idea of “people-centric smart spaces,” which means considering how these technologies will affect people (i.e., customers, and employees) and the places where […]
