Many shippers were caught off-guard last August when the world's seventh-largest container line suddenly went into receivership. An estimated $14bn in cargo was left in limbo after two-thirds of South Korea-based Hanjin's fleet - some 93 vessels - were seized, stranded or denied entry into ports.
Carriers and third-party logistics operators have warned for years of an impending driver shortage, and now it is becoming clearer that this is a symptom of a much broader labor shortage facing the logistics industry that will impact drivers, dispatchers, and warehouse and dock workers.
Less than five years ago, the idea of a "cargo community" at an airport was little more than an attempt by various cargo executives to know all the names up and down the supply chain. What each member of the supply chain did, however, was largely a mystery.
A growing number of companies are paying to track in real time everything from truckloads of pork chops to shipping containers full of exercise equipment.
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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