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…
E-commerce started making its presence felt in this industry way back in 2015. Back then multinational online companies started seeking same-day deliveries for their domestic clients and 72 hours deliveries for international clients. Since then, the model of operation has evolved considerably and e-commerce giants are increasingly using cargo planes for moving their shipments. According…
Since the start of last year, there have been over 80 important port construction projects. The net investments in these projects amount to over $39 billion. The new investments came at a time when the global ocean freight shipping industry was reeling under the impact of a pandemic, labour shortage, container shortage, and lack of…
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…
Years of economic development have positioned China as one of the foremost players of international maritime trade. Several factors like enhanced maritime connectivity, government prioritization, development of port infrastructure, etc. have generated fantastic economic benefits for the country. Simply put, in 2022 we are seeing a massive influence of the Chinese ports over the global…
Any successful company in the transportation and logistics industry is surely aware of the importance of having a trained and skilled workforce. Simply put, investing in talent is one of the best ways of retaining the best employees who are the biggest assets of independent freight forwarders like you. The best freight forwarding companies are…
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…
Governments around the world have designated freight forwarding as an essential sector. Moreover, the ongoing pandemic has further highlighted the key role of the transportation and logistics industry. With the market domination of a handful of multinationals, the future of independent freight forwarders is uncertain unless they can adjust their companies to the demands of…