The blockage of the Suez Canal by a grounded container ship will likely add delays and extra costs to an already pressured logistics industry. The massive container ship Ever Given has been stuck in the Suez Canal for three days, halting billions of dollars in trade as vessels pile up…
According to the report published by Allied Market Research, the global logistics market was pegged at $7.64 billion in 2017, and is anticipated to reach $12.97 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027. Logistics is widely known as the process of coordinating and moving resources,…
Undoubtedly, 2020 was a challenging year for the United States Postal Service, just as it was a difficult year for businesses and Americans. Despite an unprecedented holiday shipping season, financial reports demonstrate that the Postal Service’s competitive package business continues to grow and remains profitable. As policymakers discuss potential postal…
Biopharmaceutical Logistics is the logistics of Biopharmaceutical, medical and surgical supplies, and other products needed to support doctors, nurses, and other health and dental care providers. Because its final customers are responsible for the lives and health of their patients, medical logistics is unique in that it seeks to optimize…
The United States has been a world important oil producer in the past years with the help of its shale oil production growth. The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO) estimates that 2020 marked the first year that the United States exported more petroleum than…
Power outages, natural gas shortages and icy conditions made it hard for automakers, retailers and delivery carriers to operate across much of the South and Midwest. The winter storm dropped 4 inches of snow at the Texas, Dallas-Fort Worth International Airport, which is the most snow the region has seen…
Shipment packaging must be designed to protect the product from the unexpected. The intelligent packaging provides traceability, tracking and record keeping with supply chain from harvest and manufacture of food and packaging materials to point of sale. With the advancement in technology such as nanotechnology, printed electronics along with easy…
There are some supply chain technologies that are getting a lot of buzz lately. The emergence of the Industrial Internet of Things (IIoT) and the advent of a network of connected systems are helping industries perform a multitude of tasks, such as material batching, picking, ordering, packaging, warehouse security, and…
The COVID-19 pandemic is leading to a change in the way fleets are managed with many aspects moving online as people work from home. The COVID-19 pandemic has also impacted growth. Due to the pandemic, there is a reduction in commercial traffic, which has impacted every sector across the globe,…
The global market for freight transport is projected to draw substantial demand and the market is powered primarily by global economic growth. The freight market is very important because the cost of shipping affects profit margins for businesses that absorb shipping costs or consumers who purchase imported products. Companies that…
Several dynamics and trends are impacting the warehousing and supply chain landscape. With the pandemic, warehouse operators are dealing with challenges such as changing customer demand patterns which are strongly impacting the supply chain. Manufacturing interruptions, lack of components, and labor shortages create an ongoing supply chain disruption. Warehouse operators…
Walmart just made another major purchase in the Charlotte market in its continued war against Amazon for consumer distribution and delivery supremacy. Walmart Fulfillment Services LLC bought Troutman Industrial Park, a 1 million-square-foot industrial shell building, for $69 million, according to Iredell County real estate records. The building sits on…
The pandemic has disrupted the global economy and supply chains. COVID-19 impacted the logistics industry in a variety of ways, the impact was felt in the retail and hospitality sectors, as projects became delayed or postponed as a result of the nationwide shutdown. The tradeshow sector was also hit hard…
The holiday season is hectic, saying this holiday season is much different from any other would be an understatement. In previous years, the freight market has typically loosened after an early summer surge, then tightened in preparation for spiking consumer demand during the holidays. This year, shippers and carriers navigated…
There are several laws governing global trade, and these are highly complex and ever-changing. Global trade managers have to deal with the complexities of multiple languages, time zones, currencies, taxes, and modes of transport. 1. Traditionally, global trading organizations spend most of their time and resources manually screening shipments and…
The U.S. is the undisputed world leader of the retail industry: of the world’s ten largest retail companies, five are based in the country. The retail industry directly provided 32 million jobs for American workers (accounting for 16.0 percent of the national total), making it the largest private-sector employer in…
The holiday shopping season is seeing record-high sales figures. This holiday season, CBRE is predicting that e-commerce sales will increase by 40% from a year ago. That is almost triple the 14% increase we saw in 2019. Data from Adobe Analytics showed that Americans spent about $9 billion via websites…
The pandemic exposed how unprepared the world seemed to be in the face of such a crisis, underscoring the urgent need to invest in risk management and emergency response preparedness in transport and logistics. Future-proofing the maritime supply chain and managing risks requires greater visibility and agility of door-to-door transport…
The e-commerce industry has been witnessing extraordinary growth since the past few years, as consumers are more opting for online shopping with increasing preference for convenience. Consumers are flocking the internet for purchasing various products, including food products and clothing, which is bolstering growth of the retail sector, creating needs…
Combined Transport market will have grown by nearly 150 percent between 2009 and 2029. The 2020 Report on Combined transport provides updated market data and analyses for the past two years, as well as insights on new components which included the pandemic crisis and estimations concerning objectives for the next…
The Nov. 3 election – both for president and down-ballot races – has the potential to alter the course of the nation for the next several years at a minimum and possibly for a generation. The American Trucking Associations (ATA) and Truckload Carriers Association (TCA) are both working to ensure…
“The mission of Covaxx is to defeat Covid-19 and ultimately democratise health worldwide — Maersk will help fulfil this mission” Maersk has inked a global logistics partnership with U.S. company COVAXX for delivery of COVAXX’s coronavirus vaccine. COVAXX is currently conducting Phase 1 clinical trials of its vaccine in Taiwan…
When you search for freight broker training courses on Google, you will inevitably find pages and pages of results. How can you decipher which one is best for your freight brokerage? More importantly, how can you determine which freight broker training course will provide the best return on your investment?…
The logistics industry has been the most profitable business in recent years. Due to the increased demand and raise in population, the E-Commerce & Supply Chain industry is reaping profits, but the COVID-19 pandemic has sorely tested international supply chains, but the cure, in the form of an eventual vaccine,…
The coronavirus pandemic might have affirmed the essential status of trucking, but it also has taken away the conventional methods in which trucking can learn more about the candidates that will define the industry’s future, this is not a typical election year, the 2020 presidential campaign is unlike any other…
