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…
With container shipping being responsible for moving around 90% of international commodities, the ocean freight industry plays a major role in sustaining the modern economy. However, ever since the pandemic we can see a sharp rise in sea freight rates due to several factors like container shortage, equipment shortage, labour shortage, port congestion, etc. In…
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…