With Donald Trump winning the 2024 United States election, global trade is once again under close examination, as the soon-to-be president has recently announced that he will sign an executive order placing a 25% tariff on all imports from Canada and Mexico, along with an additional 10% tariff on imports from China.
As we step into the fourth quarter, retailers worldwide are gearing up for their busiest period. The holiday season brings a flurry of activity including Black Friday, Cyber Monday, and all the Holiday shopping.
October 15th is not just another day on the calendar, it is often seen as the start of freeze protection season, which causes a big shift in the logistics market.
The current freight market in July 2024 is shaped by multiple macroeconomic factors, including global tensions, potential union strikes, and seasonal demand.
These factors are creating a volatile market that business owners must understand to avoid supply chain delays and rate increases.
The logistics industry is currently in flux, due to changing seasonal trends and ongoing global developments impacting supply, demand, and transportation routes. Some of the most prominent factors impacting the logistics industry include the following.
February is shaping up to be a challenging month for logistics. As we usher in the Chinese New Year (CNY), the logistics industry is bracing for the inevitable effects on ocean imports brought on by the holiday season and shifting global dynamics.
The more detailed the project or substantial the machinery, conventional supply chains struggle to meet the demands for a seamless transit from point of origin to destination. While project and machinery logistics can be daunting for first timers, it is simplified by working with an experienced freight forwarder.