One of the best ways to provide an excellent experience for your customers is to offer convenient and affordable shipping. Freight costs are one of, if not the largest logistics costs in the supply chain. In 2017, companies in the United States spent $1.49 trillion in shipping costs. With continued challenges faced by the transportation […]
An overview from Red Arrow Logistics on the impacts COVID-19 is having on the world’s supply chains and domestic freight in the U.S. The novel coronavirus, or clinically named COVID-19, is impacting the freight market and supply chains in the United States. Various commodities from many industries are being affected, such as retailers, consumer packaged […]
All Greater China offices and export CFS have operated to near-normal levels for the first time since the Chinese New Year (except for Wuhan). Some continue to operate with local restrictions of on-site personnel and require additional work shifts. PRC Government continues to promote the resumption of production in factories across the country. While some […]
Most businesses have to deal with returns on some level. For an item that was purchased online, however, the chance of return is higher since the customer has not been able to see or try the product beforehand. As much as 30% of products ordered online are returned. As e-commerce grows, so does the need […]
Shipowners and operators should get ready for a rough ride in 2020 as several economic and political factors will continue to shape the industry. The Trans-Pacific Eastbound will struggle, with not enough of a demand increase to make up for the excess capacity, amid an ongoing trade war between the U.S. and China. Volume Contracts […]
The unfortunate medical issues that the coronavirus causes have been all over the news recently. While the biggest concern is how the virus will affect human health, it will also have a far-reaching effect on the global economy and international shipping. Since the virus originated in Wuhan, China, it is the country that is currently […]
The global Aerospace air cargo market experienced a downturn in 2019, leaving many to wonder what will occur in 2020. Political and economic changes that are beginning to take place might allow the market to rebound somewhat. However, there are several trends that we can expect to see continue in 2020. Current Situation of Aerospace […]
The United States, Mexico, and Canada conduct a large amount of trade. According to the U.S. Census, Mexico and the United States traded $309 billion worth of goods during the first six months alone of 2019, making Mexico the U.S.’s main trading partner. Canada was not too far behind, at $306 billion. The implications of […]
Technology plays a vital role in the supply chain. Digitization has created a more efficient supply chain by allowing logistics managers to make more informed decisions. However, this is not to say that there are no disadvantages on relying too heavily on technology in the supply chain. Why Technology is Needed In a survey conducted […]
With a tumultuous 2019 within the shipping industry, many are wondering how the new year will play out with many global changes on the horizon. Major factors such as the implementation of the IMO 2020 regulations and the ongoing trade war between the U.S. and China are sure to affect the international shipping rates for […]