Container shipping is emerging from a painful six-year slump, but a glut of tonnage that will hit the water over the next two years threatens to derail the nascent recovery.
The global shipping industry has come of age with more automation, game-changing technologies and the-internet-of-things. But embarking on this voyage has also made it a prime target for unforeseen, invisible, and highly destructive cyberattacks.
Seaborne trade grew by 2.6 percent in 2016, to reach 10.3 billion tons, but the pace remained below the historical three percent average, and demand for maritime shipping continued to lag behind supply, a new United Nations report says.
In its most recent quarterly survey of airline business confidence, the International Air Transport Association (IATA) found that 80 percent of airline CFOs and heads of cargo saw an improvement in third-quarter profitability compared with the same quarter of 2016 — making it the strongest outcome IATA has seen in a decade.
In 1967, the British Transport Docks Board (BTDB) commissioned McKinsey to assess a recent development from America: container boxes. The first ships built expressly for this new way of shipping goods had recently been launched, and a few U.S. lines carried them on their regular service. Our report advised the BTDB to rethink everything in light of this new disruption.
The latest news, analysis, services and systems regarding global logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods faster and farther around the world than ever before through global logistics solutions. New technologies that provide information during 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 global logistics solutions to power their supply chains.
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