Economic Efficiency: Shipping by sea is often the most cost-effective mode of transportation for bulk goods, raw materials, and finished products. It plays a vital role in minimizing transportation costs, which can ultimately lead to more affordable goods for consumers. Environmental Impact: Given the size and scale of ocean logistics, it also has a significant…
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International trade is crucial for the global economy as it involves the exchange of goods between different countries. Shipping, especially through ocean freight, is a primary method used to transport a significant portion of these goods. It allows businesses to produce goods in one part of the world and deliver them to consumers in another,…
As we are halfway through the first quarter of 2022, the supply chain continues to struggle to deal with several old and new crises. In particular, dealing with the increasing ocean freight rates has become a major challenge. Many shippers are searching for ways to navigate this crisis, which is here to stay for at…
As global supply chains continue to face unprecedented disruptions, meeting the ever-growing demand while optimizing lead times and reducing inventory costs remains challenging. As a result, companies are now willing to explore better alternatives to traditional logistics, which would provide improved economies of scale and a faster return on investment. However, what is a better…