Freightos

🚢 The global supply chain landscape is facing significant disruptions, especially for SMBs, due to the Red Sea crisis and an early peak season surge. 📈 Dive into our latest blog by Judah Levine, Freightos' Head of Research, to understand how these challenges are affecting businesses and what steps can be taken to navigate these turbulent times. 🌍📦 Read more here 👉 https://lnkd.in/dz3-Rj-f #SupplyChain #Logistics #SMBs #Freightos #GlobalTrade

Learn the basics of how to search, compare, and book your shipment. Missed our recent walkthrough? 🍿 Grab your popcorn and click to watch: https://lnkd.in/d7dVSFjd Jumpstart your shipping journey at ship.freightos.com #shipping #freight #internationalshipping

🌍 Insights from Freightos' Judah Levine, Head of Research, discusses the impact of Red Sea diversions and an early peak season on global supply chains. 📊 Our survey of 100+ importers/exporters on Freightos.com reveals accelerated shipping schedules and pricing impacts. Despite challenges, there's optimism these disruptions won't be as severe as pandemic-related issues. Watch Judah's analysis of the survey findings for more on navigating today's logistics landscape. #GlobalLogistics #SupplyChain #FreightosResearch

Here are the key insights from this week’s Freightos Weekly Update: 💻 The CrowdStrike update caused thousands of delayed or canceled flights over the weekend, with some ongoing delays expected for air cargo shipments this week, though no significant impact is anticipated for ocean freight. Houthis attacks on vessels continued last week, and their deadly drone strike in Tel Aviv followed by an Israeli air strike in Yemen marks an escalation of the conflict. But the impact on ocean freight should be minimal as most container carriers already avoid the Red Sea. 🌊 Despite some persistent congestion, signs of easing conditions on main East-West ocean lanes include reports of lower utilization levels and – for the first time in more than two months – a slight dip in freight rates, suggesting pressure on rates may be past its peak. The rate decrease is likely due to some added capacity by major carriers and new entrants attracted by surging rates to N. America and Europe, but also likely reflects the pull forward of peak season volumes that started in May to avoid delays and potential disruptions later in the year. As demand will likely remain relatively elevated into September a gradual decline could be more likely than a rate collapse as demand eases. And as long as Red Sea diversions continue, rates are unlikely to fall below levels seen in March/April – still about double 2019 levels. In regions like intra-Asia, the Middle East, South Asia, and parts of Africa, carriers are still announcing significant GRIs and surcharge increases. As demand eases on the main trade lanes, capacity should shift back to these regions, leading to a decrease in rates. ✈ Air cargo demand, driven by B2C e-commerce, is expected to keep ex-China volumes and rates elevated until the start of Q4’s peak season when prices are likely to climb even higher. Rates out of China dipped slightly to $5.34/kg to North America and were level at $3.38/kg to Europe last week, with both well above typical summer rate levels. You can check out the full weekly update - the link is in the first comment below.

👋 New to Freightos? Learn how to find the best quote and understand the full booking process in just 15 minutes! Join our next product tour on Weds. July 24th at 12:00 EST. Reserve your spot now 👉 https://lnkd.in/d_gDGghj

🗓 In our July Freight Market Outlook video update, Judah Levine, Freightos’ Head of Research, presents an-depth, data-driven view into the premature start of global freight’s peak season exploring key ocean and air cargo trend, and potential Q3/Q4 outcomes. He is joined by Oliver Esch, VP Business Development at SHIPSTA, to get an early look at how congestion and ensuing rate volatility may impact 2025’s tender season. 👓 Watch the full video here: https://lnkd.in/d_iWn9ju #MarketOutlook #Monthlyvideo #Freight #Supplychain

Are we headed for pandemic-level supply chain disruptions? The combination of an early start to peak season back in May, Red Sea diversions making capacity tight, and knock-on port congestion making supply even tighter has pushed ex-Asia container rates to double or triple in the last two and a half months from their already elevated levels in April.  Read Judah Levine, Freightos' Head of Research, "best case", "worst case" and "most likely" predictions in his latest blog post here → https://lnkd.in/dYdtnyb8

✈ 🚛 🛥 In the latest edition of Freightos' LoghTech Roundup: -Walmart is opening five automated distribution centers as it tries to keep its grocery dominance -Amazon’s Asian rival Shein wants to be supply chain giant -Tern AI wants to reduce reliance on GPS with low-cost navigation alternative And more! Check out the latest innovations and tech news across air, ocean, and trucking → https://lnkd.in/dD_i8HCw

🎉 New partnership alert! Ring Vietnam is now live on the Freightos Marketplace servicing FCL and LCL exports from Vietnam to numerous global destinations. Want to see if your route is supported? Do a 30-second search today: https://lnkd.in/gR8TVEM

It's not just about writing funny poems about congestion. In the second edition of our AI Popup Newsletters, Gaurav Bajaj, the CEO of Solvo.ai goes deep on practical AI use cases, together with other industry experts. Read the full article to see where AI can help in areas like: Operational Efficiencies: Will Urban and Nikolai Bozhilov highlight how AI automates routine tasks, freeing teams to tackle critical issues and improve client relationships. Customer Retention: Sune Stilling and Vivek Vanwari emphasize take a peak at AI’s role in predictive analytics and quick, accurate service, which strengthen customer interactions and retention. Improving margins: Sune and Will discuss AI’s ability to link strategic planning with execution, optimizing pricing and operations for better margins. Take a look! - https://lnkd.in/dE7UXJni