Logistics tech in 2022 has been unavoidably shaped by the two years that preceded it. The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere.
Uncertainty became the byword.
Freight professionals – whether at freight forwarders, BCOs or carriers – were left wondering what tomorrow would bring. During the peak of the ocean freight congestion, in September 2021, ocean freight rates reached well over $20,000 for China – US West Coast shipping. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. This shaped the way BCOs approached 2022 and will likely continue to see supply chain; a new drive to ensure global freight shipping reliability at all costs. Including, of course by leveraging global freight tech for BCOs.
With the flipflops being pushed to the back of the closet, email auto-responders being reluctantly turned off and thoughts about procurement, market intelligence for 2023 tenders and Golden Week emerging, now is an ideal time for supply chain professionals to catch up on what they missed. So without further ado, here’s your:
Key Reads Logistics Tech Research and Updates for 2022