April 2023
“The world will continue to be globalized, but with a more distributed supply chain.”
Carriers Still Feel Bullish, but For How Long
OUTLOOK Both carriers and shippers are focusing on shipment visibility – from factory to selling floor and as granular as down to the SKU level. The objective is to take ‘just in time’ to the next level of control, an effort that will help reduce excess inventories. This not only will play a role in reducing costs, but will also help brands’ sustainability efforts as well.
💰 OOCL is so confident its balance sheet can withstand current market challenges that the carrier has returned 70 percent of its net profit to shareholders, per the Journal of Commerce.
Login to read this month’s summary of the LOGISTICS DEVELOPMENTS – including infrastructure, freight rates, new services and more.
