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5 Trends to Watch As We Sail Into Peak Season

5 Trends to Watch As We Sail Into Peak Season

As shippers approach what is historically retail peak season, understanding the evolving ocean market will be critical to maintaining a resilient supply chain for the long term. Here are five key trends to watch as the ocean market evolves.

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“The Great Reset”

“The Great Reset”

The State of Logistics Report, produced annually for the Council of Supply Chain Management Professionals by global consulting firm Kearney and presented by Penske Logistics, delivers a snapshot of the American economy through the lens of the logistics sector and its role in overall supply chains.

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The Risks of SMB Nearshoring

The Risks of SMB Nearshoring

Small and mid-size businesses (SMBs) are embracing nearshoring to help address supplier challenges such as unreliable delivery time frames and inconsistent product quality. But switching to nearby suppliers is easier said than done.

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Shippers Gain Confidence

Shippers Gain Confidence

What can shippers expect next quarter? BlueGrace Logistics’ Q3 Logistics Confidence Index finds these key highlights: Anticipated revenue maintained a positive trend, decreasing by only 4% across all shippers surveyed. Inventory levels measured highest at neutral and therefore are not expected to expand or contract for Q3. Order volume (sentiment) increased by 5%. That suggests order volumes […]

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State of Digitization in Forwarding

State of Digitization in Forwarding

The pace of digitalization in freight forwarding has accelerated since 2020, as companies increasingly invest in technology solutions to streamline operations, finds a Magaya report. However, the industry still has a long way to go to capitalize on evolving technological advancements. Many organizations still rely heavily on inefficient manual processes. The survey’s key findings include: […]

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Industrial Sector Cools, Manufacturing Heats Up

Industrial Sector Cools, Manufacturing Heats Up

Following record high demand and rent prices notched during the pandemic, the industrial sector’s dynamics are shifting and demand is cooling, finds a new U.S. industrial market update from Savills. Some predictions about where things are headed from here: Vacancy rates are on the rise. While the market is still historically tight, vacancy rates are […]

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Reshoring Moves Beyond the Drawing Table

Reshoring Moves Beyond the Drawing Table

Reshoring and nearshoring have finally matured into commercial realities, finds Kearney’s 10th annual Reshoring Index Report. Reshoring initiatives have become so successful that companies that took a wait-and-see approach to locating manufacturing operations in the past are now scrambling to find facilities in Mexico and the United States. But the road to reshoring is harder […]

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Technology Leads the Pack

Technology Leads the Pack

Packaging used to be simply for protecting and identifying a product; now it helps drive sales. Smart packaging—which uses technology to enhance user engagement, product quality, and supply chain efficiency—is the latest iteration, according to Smart Packaging 2023-2033, a new report from IDTechEx. Establishing business models that utilize these technologies to unlock value for brands […]

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Air Cargo Grounded

Air Cargo Grounded

The global air cargo market may have to hang on until October for signs of a recovery. A flood of summer bellyhold capacity on major lanes and a 4% drop in demand in April 2023 indicates challenging months ahead, according to new analysis from CLIVE Data Services, part of Xeneta. Air freight spot rates dropped […]

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Winning the  Data Game

Winning the Data Game

Rates shift as dynamically as the market does so it’s important for shippers to have some benchmarks in place to navigate it as cleanly—and cheaply—as possible. However, that requires investing a lot of time and focus on top of simply getting the job done right. So where can shippers go to manage all the information […]

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