End-to-End Identity Solution Providers Favored Where Supply Chain Difficulties Exist

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By Lucas Stewart | 1Q 2022 | IN-6438

 

Freight Reliability at An-All-Time Low with Rates Over Double That of a Year Ago

NEWS


The inflexibility of supply chains has been exposed by the pandemic as growing demand in ecommerce with increasing reliance on globalized shipping fueled a huge requirement for the necessary transportation and associated logistics for goods. Much of this requirement falls within Asia as the leading region in manufacture, specifically in China, where zero-tolerance COVID-19 policies partner with high demand leading to tensions in meeting freight needs. With this high demand and availability being a concern, corresponding price increases are being experienced to the detriment of industry players and to customers where costs are not absorbed. These price increases are significant, where doubling or tripling, dependent on transport routes, is being seen in comparison to this time last year. As well as price being affected, dramatically increased delivery times are now commonplace in certain markets. Container shipping reliability is at an all-time low; where goods may have sat in the harbor for a few days pre-pandemic, periods of a few weeks …

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