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European Exporters Face Cold Chain Conundrum ❄️🚚 European exporters are grappling with challenges in maintaining cold chain logistics. This issue affects the efficiency and reliability of transporting perishable goods. Addressing cold chain logistics is essential for sustaining export quality and market competitiveness. 🔗 European exporters' cold chain conundrum https://lnkd.in/eYRG3gW8 #Logistics #Trade #ColdChain #ExportQuality #MarketCompetitiveness

European Exporters Face Cold Chain Conundrum ❄️🚚 European exporters are grappling with challenges in maintaining cold chain logistics. This issue affects the efficiency and reliability of transporting perishable goods. Addressing cold chain logistics is essential for sustaining export quality and market competitiveness. 🔗 European exporters' cold chain conundrum https://lnkd.in/eKeHKiED #Logistics #Trade #ColdChain #ExportQuality #MarketCompetitiveness

According to maritime consultancy Drewry, reefer container freight rates continue to outperform the dry cargo trade, despite an unprecedented contraction in reefer seaborne trade last year, with the pattern is expected to continue over the next few years. Despite facing adverse factors such as weaker cargo demand, supply chain disruptions, rising input costs and normalisation in perishables cargo demand after the peaks of 2021, reefer shipping trade is recovering through 2023, supported by steady demand from a growing world population and the recovery of Asian economies, particularly the reopening of China. This has resulted in a return to year-on-year growth on every key reefer-intensive trade route so far this year, with seaborne volumes projected to rise 1.5% by the end of 2023 and containerised reefer trade forecast to expand at 2.3%, outpacing flatlining wider container shipping cargo demand. Looking ahead, reefer shipping is positioned to outperform the broader dry cargo trade with a projected average annual growth of 3.6% for containerised reefer trade over the years to 2027. #news #update #supplychain #supplychainstrategy #supplychainoperations #freightforwarder #freightforwarding #exportimportbusiness #australiantrade #reefers #globaltrade #import #importers #exporters #shipping #shippingindustry #containershipping #transolveglobal #logistics #logisticsteam

Interesting insights showing the resilience of the reefer market as reefer shipping is positioned to outperform the broader dry cargo over the upcoming years to 2027.

𝗕𝗹𝗲𝗮𝗸 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 𝗳𝗼𝗿 𝗖𝗼𝗻𝘁𝗮𝗶𝗻𝗲𝗿 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 / The global container shipping industry is facing a bleak outlook, with Drewry's latest forecast predicting a $15 billion industry-wide loss for the next year. The senior manager of container research at Drewry, Simon Heaney, has presented a pessimistic view, anticipating a 60% reduction in global freight rates for this year and a 33% drop in 2024. This challenging situation is expected to persist in the coming years as carriers struggle to maintain rates above their operational costs. The low freight rates are a result of a significant disparity between supply and demand in the industry, with an expected 6.4% growth in supply compared to a 2% growth in demand for the next year. Learn more in the link below: https://lnkd.in/gEvauypJ Source: The Loadstar ------------- P.S. The team at https://EasyFreight.co.nz/ helps NZ importers & exporters to save money on international freight and reduce mistakes with Customs and biosecurity rules. → Contact us now to get your FREE quote on international shipment & NZ Customs clearance services (https://lnkd.in/gKSx3Qf)

𝗕𝗹𝗲𝗮𝗸 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 𝗳𝗼𝗿 𝗖𝗼𝗻𝘁𝗮𝗶𝗻𝗲𝗿 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 / The global container shipping industry is facing a bleak outlook, with Drewry's latest forecast predicting a $15 billion industry-wide loss for the next year. The senior manager of container research at Drewry, Simon Heaney, has presented a pessimistic view, anticipating a 60% reduction in global freight rates for this year and a 33% drop in 2024. This challenging situation is expected to persist in the coming years as carriers struggle to maintain rates above their operational costs. The low freight rates are a result of a significant disparity between supply and demand in the industry, with an expected 6.4% growth in supply compared to a 2% growth in demand for the next year. Learn more in the link below: https://lnkd.in/g_Bbad7Y Source: The Loadstar ------------- P.S. The team at https://EasyFreight.co.nz/ helps NZ importers & exporters to save money on international freight and reduce mistakes with Customs and biosecurity rules. → Contact us now to get your FREE quote on international shipment & NZ Customs clearance services (https://lnkd.in/dYAnxCc)

“'December was a solid month and it’s fair to say that U.S. #import #container #volume over the year was beyond what the market anticipated last January,' said Chris Jones, EVP Industry Descartes Systems Group. 'The impact of the drought in Panama did not appear to impact Gulf Coast ports volumes in December, but transit times did grow considerably in the region. Now we have the conflict in the Middle East affecting transit through the Suez Canal and U.S import container import volumes could be impacted starting in January.' The December report is Descartes’ twenty-ninth installment since beginning its analysis in August 2021." Supply Chain Dive X Descartes Datamyne

March US-imports volume trajectory is strong ✅ According to the monthly report by Descartes, U.S. container import volumes in March climbed by 0.4% from February and over 15% from March 2023. ✅ The top five East Coast ports grew market share during March and now control over 44% of overall import market share. ✅The first half of March experienced the strongest boost to imports. Descartes reported that total container imports in that period were over 22% higher than they were a year ago. #shipping #shippingindustry #transatlantic #transpacific #oceanfreight https://lnkd.in/dQpcXAHR

As recent reporting from FreightWaves reveals, the #maritimesector is beginning to see containerized volume realigning to its prior distributions, due in large part to the resolution of West Coast labor disputes and continued capacity restrictions on vessels passing through the #PanamaCanal. 🔺 Long Beach saw September imports increase 19% year-over-year. 🔺 Los Angeles saw imports increase 14% year-over-year in September. 🔻 Conversely, September volumes at the top East Coast ports dropped by 13.4% year-over-year. So, with volumes shifting back to the West, how are shippers to respond? As the tides shift in the global logistics industry, it’s time for shippers to leverage #supplychainvisibility to gain unprecedented control over their shipments. In a dynamic season for the #globalsupplychain, Vizion API offers shippers an invaluable set of visibility tools: 🗺 True #endtoendvisibility with seamless tracking from ocean to rail. 🏗 Port Performance Monitoring to gain unparalleled insight into congestion and trends at top ports. 📈 Actionable insights to maximize efficiency throughout maritime operations. As container volumes shift back to the West, don’t let your supply chain get left behind. Book a demo with Vizion API today. https://lnkd.in/guNN_gxc

Port NOLA Sets New Growth Record 📦📈 Port NOLA announces record-breaking container growth, marking a significant milestone in its operational capacity and impact on regional trade. This achievement underscores the port's pivotal role in enhancing economic activity and supply chain dynamics. #PortNOLA #ContainerGrowth #TradeDevelopment #EconomicImpact #SupplyChain #RegionalTrade #Logistics #ShippingIndustry #PortOperations #EconomicGrowth 🔗 Port NOLA Announces Record Container Growth https://lnkd.in/ejibwZJ9