Articles
News
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.
Read More
NOTED: Supply Chain Highlights
M & A • Hellmann Worldwide Logistics acquired PKZ Group, its long-standing air and sea freight partner in Slovakia and the Czech Republic, establishing its own Slovakian national company. • Advantive, a software provider for specialty manufacturing and distribution businesses, made two recent acquisitions: VeraCore, an SaaS order and warehouse management software provider for fulfillment companies and […]
Read More
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 […]
Read MoreState 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: […]
Read MoreIndustrial 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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
IN BRIEF: New Services and Solutions
On behalf of Stena Line, Stena RoRo designed and ordered two hybrid cargo ships from shipyard CMI Jinling in Weihai, China; delivery is scheduled for 2025. The NewMax ships can be powered by methanol or conventional fuel and increase cargo capacity by 80%. The vessels have been designed for Stena Line’s route between Belfast and Heysham on the Irish Sea.
Read More