The U.K. government, desperate for medical equipment at the start of the pandemic, handed contracts to firms with little experience in manufacturing or procuring them.

The Red Sea and Suez Canal previously accounted for about a tenth of global seaborne trade, and provided Qatar with the shortest route to Europe.

Total logistics costs rose by as much as 80% over the past year. Are shippers in for more of the same in the coming months? 

While backup power for propulsion is a common redundancy built into cruise ships, the Dali's own limitations are largely the industry standard for cargo ships.

According to data from the National Retail Federation, monthly U.S. ocean imports are expected to crest the two million TEU mark by the end of May.

Building structural resilience, and putting the right solution in place to suit your unique brand now will ensure that firms can emerge from a volatile economy and recession stronger. 

The report released on May 14 describes how the ship experienced two electrical blackouts 10 hours before it left the Port of Baltimore.

Rising geopolitical tensions, climate change and global commerce disruptions are making the jobs of chief procurement officers harder than ever.

Allianz estimates that global trade will increase by 2.8% in 2024 — below the average of 5% — blaming that on disruptions brought on by the Red Sea crisis.

If approved, the measure would likely trigger contractual challenges for European logistics firms and political backlash from other gas-buying nations.