For the first time since 2001, Moody's has assigned a rating of "stable" to the global ocean cargo industry, but notes that the condition of world shipping remains delicate and a "negative" rating could return.
How can a $1.3tr industry, getting bigger every year, be hidden in plain sight? Easy. The vast U.S. logistics business, which delivers 48 million tons of freight (worth about $48bn) daily and already employs roughly 6 million people, operates mostly behind the scenes.
Tom Bacon, consultant with Revenue Optimization, discusses how supply chains can embrace the model of dynamic pricing that was pioneered by the airline industry.
Moving perishable commodities like fruits, flowers and fresh seafood to the far corners of the world once was feasible only by air, making the price of these products prohibitive for most consumers. Thanks to a new generation of refrigerated ocean containers, however, perishable goods increasingly are being shipped by more efficient water transport. This shift is opening up new markets to producers and providing a growing, global middle class with affordable access to the fresh foods they want to buy.
The latest news, analysis, services and systems regarding logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through logistics solutions. New technologies that provide information during local and global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics and cargo solutions to power their supply chains.
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