The month of May is likely to be punishing for companies that couldn’t secure cargo space in advance of a recent capacity crisis. Last-ditch solutions could come to the rescue—but if they do, they’ll come at a price.
Every week, Flexport Chief Economist Phil Levy gathers the most relevant news for the global trade community. Track major world economies, see what the latest indices reveal, and keep up with the facts and figures that could impact your business. Here’s the economic news you…
With the blockage of the Suez Canal, container shortages, and surges in demand, 2021 is proving as volatile as 2020. Planning will be key for navigating these challenges. Read this Far East Westbound Outlook to find the latest updates and advice.
For companies struggling with tight capacity, high rates, and global events, refreshed best practices can provide a foundation for more reliable logistics.
Congestion from the blockage of the Suez Canal is going to rock European and UK ports in the coming weeks. As impacts take shape, companies are facing snarled port traffic, delays, surcharges, and container crunches.
A year after FMC detention and demurrage guidance came out, industry coalitions are grappling with high container fees as carriers struggle to balance equipment availability amid port congestion.
As container ship convoys transit the Suez Canal once again, the rest of global trade is braced for impact, including waves of port congestion and a container availability crisis.
The Ever Given is sailing again, after six days of being stuck in the Suez Canal. Here, Flexport shares updates on cargo delays and downstream impacts to containers, port congestion, and airfreight.
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