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…
