The extended lockdown in Shanghai- the commercial capital of China as well as the site of the world’s largest port, has spelled out a supply chain disaster that is impacting almost every country around the world. China’s strict Covid policies is not only resulting in supply chain nightmares but also leading to inflation. After Shenzhen…
Currently, the supply chain industry in the US is facing a massive disruption because of the shortage of truck drivers. Since the start of the pandemic in 2020, over 6% of truck drivers quit their job and presently this industry requires at least 80,000 new drivers. According to the American Trucking Association, the road freight…
The new import procedures to Egypt are causing some confusion in the freight forwarding industry. In today’s blog, we have talked about the new ACID procedures for import shipments in Egypt and what foreign exporters need to do before shipping to Egypt. Wassim Magdy, the Managing Director of MGL Cargo Services, Conqueror Cairo, has provided…
The international digital freight forwarding market is expected to grow from $2920 million in 2020 to $22920 million in 2027 at a CAGR of more than 23%. Automation of manual processes has become of the major drivers leading to the growth of companies across all sectors. Moreover, the expansion of e-commerce and the increase in…
The cargo ship Felicity Ace with around 4000 cars on board caught fire last week. The incident happened off the coast of the Azores Island in Portugal. The accident that took place on 18th February generated an expected loss of over $155 million. However, the ship’s crew was safely evacuated but the burning vessel is…
With the port congestion, container shortage, skyrocketing demands, and increasing freight costs, the shortage of products still has not abated in the first quarter of 2022. It has become abundantly clear that time alone isn’t going to solve the problem of supply chain disruption that started with the pandemic. The transportation and logistics industry needs…
2021 has been an important year for the transportation and logistics industry that was beset by port congestion, delays, equipment shortage, and, of course the pandemic. Nevertheless, on the bright side the freight forwarding industry also embraced new modes of operations and digitized their work processes to cope with the increasing challenges and has become…
Last week, the container shipping industry was abuzz with excitement regarding the news of the world’s first electric autonomous cargo ship. Over the last decade, the idea of self-driving vehicles has transformed from a Sci-Fi project to reality. Now the transportation and logistics industry is waiting for the next giant leap- viz the introduction of…
Automation is widely regarded as the next giant leap for the road freight industry. The topic of autonomous vehicles has gradually evolved from an Utopian dream to a reality in no time at all. Within the next ten years, we can expect fully autonomous trucks to ply the highways and deliver goods on their way….
The flooding of Canada’s 3’rd largest city -Vancouver was all over the news just a few weeks back. Following days of torrential rain in the Pacific Northwest the port and rail services of the city suffered a huge blow. The Port of Vancouver handles C$550 worth of shipments every day that includes automobiles, food grains,…