The global logistics sector is grappling with significant challenges due to recent upheavals in the Red Sea region. Carriers, attempting to steer clear of attacks by Iran-backed Houthi militants in Yemen, have redirected over $200 billion in trade away from this vital maritime corridor, a move reported by NBC. This strategic shift in shipping routes is having far-reaching effects on international trade. Compounding this situation … Read More
Latest Update: Israel at War
As the conflict in Israel continues to unfold, the Israeli Federation of International Freight Forwarders and Customs Clearing Agents is committed to keeping our partners, and the broader business community informed. The “Swords of Iron” – Israel at War – Bulletin #7, offers valuable insights into the consequences of the conflict on trade relationships and potential disruptions to major trade routes. We aim to provide a … Read More
‘Modest’ Peak Season at Long Beach Port
The Port of Long Beach, one of the most important ports in the United States, is expecting a “modest” peak shipping season this year. According to the site JCaptain, the port moved 578,249 twenty-foot equivalent units (TEUs) last month, marking a decrease of 26.4% compared to last year’s exceptionally busy July. Imports went down by 27.9% to 271,086 TEUs, exports decreased by 17.6% to 90,134 … Read More
The Turbulent Supply Chain Market
The global supply chain market is undergoing a period of rapid change. The rise of e-commerce, the increasing demand for sustainability, and the need for businesses to be more agile and responsive to change are all driving this change. As a result, the future of the supply chain market will be characterized by several trends, including: The increasing use of technology. Technology is already being used … Read More
Shipping peak season is coming
The peak season in the logistics industry is an exhilarating yet challenging time when companies face a surge in demand for their services. As we approach the peak season of 2023, it is crucial for logistics companies to be well-prepared and equipped to meet customer expectations. The key lies in proactive preparation, adaptability, and a commitment to delivering a seamless logistics experience even during the … Read More