The world's largest collection of global supply chain intelligence
According to the latest data from Ship & Bunker, bunker fuel prices have exhibited a downward trend globally. As of 25th July 2024, the global average bunker price is $567.4/mt, marking the lowest point in five weeks and reflecting a decline of $18.1/mt (3.1%) from the average at the beginning of July. The year began …
The integration of Big Data and Artificial Intelligence (AI) is causing a dramatic revolution in the supply chain in today’s fast-paced world. These innovations in technology are changing the way businesses handle logistics, optimise workflows, and improve decision-making. Large amounts of high-value data have historically been produced by supply chains; optimising, interpreting, and learning from …
Inflation has had a significant impact on economies globally in the wake of the pandemic. Factors such as economic disruptions, supply chain issues, government and central bank interventions, and price increases have all contributed to a rise in inflation. However, this trend appears to be reversing, albeit gradually. By the end of 2022, global growth …
With the surge in e-commerce and fast fashion, the significance of effective reverse logistics processes has become increasingly apparent. Recent studies indicate that return rates for online fashion purchases can range from 30% to 60%, a stark contrast to the 8-10% return rates for in-store purchases. Understandably, fulfilment centres, distribution centres, and third-party logistics (3PL) …
The realm of delivery services has taken flight, quite literally, with the advent of drone technology. These unmanned aerial vehicles, once confined to military, have soared into the commercial domain, revolutionising the logistics landscape and promising swift, efficient, and innovative delivery solutions. In recent years, the deployment of drones for delivery purposes has gained substantial …
The new edition of the IMF World Economic Outlook, released at the beginning of October, paints a picture of the global economy characterized by slow and uneven growth, with projected figures of 3% for 2023 and 2.9% for 2024. The battle against rising prices, coupled with growing disparities among countries and regions, is posing challenges …
In recent times, there has been an escalating concern surrounding high inflation. As the prices of goods and services continue their upward trajectory, the repercussions are felt across various segments of the economy, with the logistics industry being no exception. This surge in inflation can be attributed to a confluence of factors, including disruptions in …
In recent years, the logistics industry has witnessed a revolutionary transformation fueled by advancements in technology. One of the most significant game-changers in this domain is the emergence of cloud logistics. This innovative approach leverages cloud computing to streamline operations, enhance visibility, and optimise supply chain management. As the world becomes more interconnected and businesses …
There has been a growing emphasis on sustainability and environmental responsibility in recent years in various industries. Logistics, being a critical component of supply chains, is no exception. Green logistics focuses on reducing the environmental impact of transportation, warehousing, and distribution activities while optimising operational efficiency. With the advent of digitisation and innovation, the field …
The Consumer Confidence Index (CCI) gauges how optimistic or pessimistic consumers are about the economy and their financial situations. The majority of the time, it is based on surveys that evaluate how consumers feel about the state of the economy today and what they anticipate for the future. The improvement in OECD consumer confidence, which …
The World Bank has released the Logistic Performance Index (LPI) 2023, which is a measure used to assess the efficiency and effectiveness of a country’s logistics performance. The index evaluates various dimensions of logistics performance, including infrastructure, customs and border management, ease of arranging shipments, quality of logistics services, tracking and tracing of consignments, and …
Oil price volatility significantly impacts the logistics market. It not only affects the operation costs of the businesses but also hampers the firms’ abilities to make long and short-term decisions. 2022 started with unforeseen developments which followed a year of recovery from the Covid-19 pandemic. The year started with the Russia-Ukraine conflict which sky-rocketed crude …
