Reduced shipment volumes and freight rates, higher costs, and lower consumer confidence continue to pose challenges within the worldwide logistics and supply-chain industries.
As global trade and supply chains approach pre-pandemic levels, demand has cooled and capacity has grown—presenting new challenges amid rising energy costs, high inflation, and uncertainty regarding China.
Supply chain and logistics thought leaders share what they’ve been experiencing, hearing, and seeing within novel coronavirus (COVID-19) industry changes and challenges.
Working with an experienced freight forwarder during challenging times is vital for customs clearance, shipping documentation, insurance, and supply chain management—resulting in lower costs, greater efficiencies, and invaluable relationships.
Newly recommended novel coronavirus (COVID-19) federal regulations and accompanying legal benchmarks are expected to alter current trade and transportation landscapes for ports, carriers, and others.
Proper supply chain planning and transition can help shippers recover from current setbacks, such as tariff wars, consistent blank sailings, record-breaking delays, increased pricing, and COVID-19.
Freight volume upswing, supply chain planning and transitions, and fewer trans-Pacific sailing cancellations will position the industry for emerging growth.
As shippers seek China alternatives to overcome production delays, blank sailings and other bottlenecks, Mexico and Central America are solid choices due to extensive apparel exports, rapid U.S. trade partner growth, and easy intermodal transportation access.
The U.S.-China trade war and ongoing disruption from the novel coronavirus pandemic present significant challenges to shipping, freight forwarding, and the apparel industry overall. Experts from across the sector weigh in on these challenges and potential solutions.
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