Packaging: Improving Customer Satisfaction While Lowering Cost
Supply chain professionals have been forced to adapt over the last three years. Port congestion, equipment shortages, and an unstable labor market have created a market dynamic where many companies are moving their supply chain closer to home. [...]
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Measuring Warehouse Performance
As 2022 quickly comes to a close, companies plan for next year. Third-party warehouses and their customers need a set of performance metrics (KPIs) to establish the performance of their warehouses. Here's a list of the major categories to discuss with[...]
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November 2022 – Ocean Market Update
The decline of ocean volumes from Asia to the USA will likely continue for the rest of the year. Lower demand may help normalize rates. This downward trend will motivate carriers to reduce capacity by voiding sailings to keep rates[...]
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November 2022 – Air Market Update
Residual effects of the pandemic persist, but the Air Freight market continues to show signs of improvement coming into the holiday season. [...]
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What is a TIB? Temporary Importation Under Bond
If you are temporarily bringing goods into the U.S., you may wonder if there is a way to avoid paying duty. A special type of customs entry called a Temporary Importation Under Bond (TIB) allows importers to bring certain goods[...]
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November 2022 Global Trade – Market Update
It’s hard to believe that only nine months ago, global trade was struggling to keep pace with demand, and the carriers were able to charge freight rates that were often 10 x higher than pre-Covid levels. Everyone, primarily the consumer,[...]
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October 2022 Air Market Update
The air peak season is expected to be muted this year as retailers prepare early for the holiday shopping season. Overall, space, pricing, and transit times remain reliable and stable, with some exceptions. Residual congestion persists at major hubs.[...]
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October 2022 Ocean Market Update
We are starting to see fewer delays and bottlenecks in the container market. Experts are predicting a market normalization by Q1- 2023. If normalization occurs, equipment and space will be easier to come by, and congestion will be rare and[...]
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The Comedown: Freight Pricing caught in Global Turbulence
Pre-pandemic, the average global price to ship a container hovered around $1,500. By the end of 2020, prices began to skyrocket, peaking that September at over seven times that amount. Today, a significant course correction is underway, leaving us with[...]
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