"Buy it when you see it." Retailers dread holiday shortages
NEW YORK (AP) — The Perfect Pigg, a gift shop owned by Ginger Pigg, is the go-to place...
Source: darientimes.com
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Shipping container prices tumble for first time this year as China's Christmas exporting season slows
The average sale price of a 40-foot container in China has plunged by 22.5 per cent since the end of September, coinciding with a fall in the shipping freight costs to and from the United States.
Source: scmp.com
China's 'zero tolerance' approach delivers PVG airfreight disruptions
Airfreight rates on the trans-Pacific and Asia to Europe trade lanes have already risen by 20% to 40% in August and are expected to head higher following new measures aimed at curbing a COVID-19 outbreak at Shanghai Pudong Airport (PVG) after two cases were reported this week. Photo: Royal Media The new restrictions in effect […]
Source: aircargoworld.com
Sea change: Global freight industry sails out of the digital dark ages
By Nick Carey and Lisa Baertlein LONDON (Reuters) - If suppliers in China fail to pick up freight containers to fill an order for MediaShop, Marcel Schneider gets an alert via a digital freight system, allowing the retailer to reach out and fix the problem swiftly. Before July 2020, Austria-based MediaShop's deputy supply chain director says he would discover problems in his supply chain only when containers failed to arrive in Hamburg as scheduled. "It was like being in a tunnel where you had only a limited view of what was going on," Schneider said. Lost containers means lost sales for...
Source: business-standard.com
Suez Canal backlog pushes freight to air
Ongoing problems with ocean freight have been exacerbated by the weeklong Suez Canal blockage and freight forwarders have advised shippers to consider other transportation modes, and airfreight in particular. Georgia-based 3PL JAS Worldwide advised shippers to consider utilizing other shipping modes in a bulletin today. With airfreight rates still elevated, ocean freight offers more cost-friendly […] Username
Source: aircargoworld.com