Navigating Uncharted Waters: Out of the Fort and Into the Moat
Freightos - Freight & Logistics Trends Blog
by Eytan
7h ago
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys, like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. His product – a magnetic pillow fort for kids that was funded by a wildly successful Kickstarter campaign – was both fun…and bulky. This was terrible news for a company now on the hook to ship to kids who were suddenly cooped up and hankering for a fort. As Conor told us in a podcast episode from 2022: Pretty quickly we realized our costs were going to be about 30% higher than we thought. It ..read more
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Freight Market Intelligence: Data is crucial, but context is king
Freightos - Freight & Logistics Trends Blog
by Eytan
1M ago
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The article presents findings from a survey conducted across over 200 global supply chain professionals to highlight how the pandemic has increased the need for freight market intelligence and how it continues to be relevant even as supply chain issues resolve. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry. Real world, meet d ..read more
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TPM ‘23 – An industry moving forward
Freightos - Freight & Logistics Trends Blog
by Judah Levine
2M ago
This year’s recent TPM – the annual transpacific maritime conference hosted by the Journal of Commerce in Long Beach, CA at the end of February – was a combination of post-pandemic debrief, projections for the rest of the year and beyond, and lessons learned.  There were plenty of freight insights to take in over three days of sessions, meetings and conversations with carriers, forwarders and BCOs, but far too many to include all of them in a blog post that anyone might make it to the end of. So, here are some of the highlights.  Overall, as ocean spot rates suggest, the sentiment wa ..read more
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Freight Cost Volatility Impacts on Inflation – An Analysis
Freightos - Freight & Logistics Trends Blog
by Judah Levine
5M ago
The global economy has gone through an incredibly tumultuous time since 2020. From lockdown-induced purchasing highs, soaring logistics costs and supply chain snarls to waning demand, soaring inflation, and fears of recession – there has never been a dull moment.  The sheer influx in demand, combined with the variety of supply chain stressors, also catapulted global freight to new levels of infamy (although none perhaps as famous as the Suez Canal blockage). The role logistics costs have played in increased or decreasing inflation is now more relevant than ever.  This deserves more e ..read more
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COVID’s Supply Chain Ripples: the SME Business Perspective
Freightos - Freight & Logistics Trends Blog
by Eytan
7M ago
Since early 2020, global trade has been buffeted by waves of increased customer demand, supply chain challenges, and constant uncertainty and volatility. This article provides an overview, based on a survey of over 1,200 small businesses, of how small and midsize businesses have weathered the storm, and how a changing – and potentially recessionary – market is impacting their outlook. It also provides four key insights into how importers and exporters can modify their supply chain planning as a result. What Goes Up, Must Come Down Since early 2020, the supply chain ramifications of COVID have ..read more
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Freightos is going public…and how we got here
Freightos - Freight & Logistics Trends Blog
by Zvi Schreiber
1y ago
Today we’re excited to announce that (drumroll…) Freightos is going public! The official announcement is here. This is an exciting milestone that accelerates our vision of a digital platform that modernizes international freight and improves global trade. First, some background. I started Freightos a decade ago, in 2012. Why? Because I believe that world trade is important. Really important. I can walk into a local shop and purchase products from all around the globe. This isn’t just about consumerism; it’s inspiring to think that in purchasing an imported product, we are, in a tiny way, helpi ..read more
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Containerized shipping joins modern financial world with CME futures
Freightos - Freight & Logistics Trends Blog
by Zvi Schreiber
1y ago
In the late 1970s, McDonalds set out to launch Chicken McNuggets. But they ran into a pricing challenge; consumers hate price changes (at least, price increases) and like most commodities, the cost of chicken changes. They drew a blank when looking for a chicken farmer that would commit to a fixed price. No fixed chicken price, no fixed Chicken McNugget price, which meant no McNuggets. Until Ray Dalio, the legendary founder of Bridgewater Capital came up with a suggestion. The largest amount of volatility for the cost of chicken stems from the cost of chicken feed. By hedging the future price ..read more
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High freight costs for importers means higher price tags for consumers
Freightos - Freight & Logistics Trends Blog
by Alon
1y ago
A Freightos survey of 300+ companies sheds light on how importers have been navigating supply chain disruptions. What’s changed in a year? You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. When ocean container rates spike, so do the prices we pay. So in January, as players across the global freight industry were discussing how to navigate higher freight rates, delays, and capacity shortages, Freightos.com, a global freight booking platform and part of the Freightos Group, reached out to ou ..read more
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High freight costs for importers means higher price tags for consumers
Freightos - Freight & Logistics Trends Blog
by Dafna Farkas
1y ago
A Freightos survey of 300+ companies sheds light on how importers have been navigating supply chain disruptions. What’s changed in a year? You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. When ocean container rates spike, so do the prices we pay. So in January, as players across the global freight industry were discussing how to navigate higher freight rates, delays, and capacity shortages, Freightos.com, a global freight booking platform and part of the Freightos Group, reached out to ou ..read more
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The Impending Ocean Carrier War on Last Mile Fulfillment
Freightos - Freight & Logistics Trends Blog
by Eytan
1y ago
It’s rare for ocean liners like Maersk to live in the same category as tech giants like Amazon or Alibaba. But more blatantly than ever, container liners – and especially Maersk – are on a collision course with the tech companies that provide digital infrastructure for selling goods. And both shifts will have major ramifications on customers – importers, exporters, and online sellers. No end to end-to-end Maersk has unabashedly championed vertical integration for years, advocating an “end-to-end” strategy. The ”end” they refer to – whether it’s forwarding, fulfillment, or platforms for B2B or ..read more
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