The trucking market is on a downside trend, with some experts warning of an impending freight recession. This article will discuss what a freight recession would mean for businesses and logistics companies and how they can prepare for it. The freight sector is predicting economic growth will slow down soon. … Read more
News headlines report more product shortages in stores and markets, and even essential commodities are getting more scarce. Learn why there are shortages and how it’s affecting customers and businesses. Notable Product Shortages in 2022 Major Factors behind Product Shortages The Impact of Product Shortages As the world slowly recovers … Read more
As the supply chain crisis continues to hound global economies, the semiconductor chip sector is one of the industries impacted by this. A massive shortage in the semiconductor supply chain has affected many industries, including electronics and automotive. These semiconductor chips, or microchips, are essential pieces of many digital consumer … Read more
Shipping containers are essential to global trade. Without these metal stackable storage systems, all goods and products won’t reach their destinations. But what happens when there’s not enough of them to go around? That’s the current situation- the shipping container shortage that businesses and traders face, causing shipping delays and … Read more
It’s the second quarter of 2022, and the supply chain crisis continues to buckle under the strain of the continuing pandemic, geopolitical conflict, and economic uncertainty. Shortages have defined the struggles of businesses during the last two years. Because of hoarding and panic buying, stores didn’t have enough inventory to … Read more
Global supply chains are almost stretched to their limit, and unfortunately, 2022 isn’t letting up. As port congestion and the COVID-19 pandemic continue to hammer businesses and industries, the road to recovery seems long and hard. But the world was on its way to a better year. But before February … Read more
The emergence of COVID-19 and its impact on the global economy is still felt two years after its discovery. While its human cost isn’t as devastating as the 1918 Spanish flu, COVID 19 is the new millennium’s first genuinely global pandemic. Most sectors had to pivot operations to adapt to … Read more
Shipping and logistics play a crucial role in running an eCommerce business. It is the backbone of the industry and most consumers shop online for the sheer convenience of getting orders delivered to their doorsteps. Since it is the foundation of an eCommerce operation, transportation expenses take the biggest chunk … Read more
Technology advanced exponentially over the last few decades. Twenty years ago, the idea of a phone with a camera and access to 40 zettabytes of data through the internet seemed like science fiction. Today, almost 10 billion people across the globe have access to this technology. Even mundane items like … Read more
It has been two years since COVID-19 threw the world for a loop. The crisis significantly impacted global economies and the way people lived. It is safe to say that the pandemic has ushered in a new normal. Arguably, these changes significantly impacted consumer behavior. Over the last two years, … Read more
