The recent crisis in the container shipping industry has resulted in a surge in new shipbuilding orders. The container shipping industry has been grappling with the problems of space shortage, blank sailings, and equipment shortage since the end of the first quarter of 2020. Moreover, the tremendous increase in consumer demand has also added to…
The Cooperative blog
Month: July 2021
A few tips to help you make the most of a Virtual Meeting
There is one thing that all meeting planners agree upon- connection building is a powerful factor that can be immensely advantageous for all businesses big or small. However, this year, several things came in the way of bringing the international freight forwarders in one time under the same roof. The health concerns and the international…
Current Ocean Freight Market Crisis and the Future Scenario
The present scenario in the sea freight shipping industry has posed a major problem for shippers. To begin with, the freight rates are high, and then there are the added problems of container shortage, port congestion, and high demand for space. As per a report by CNBC, “Shipping costs have skyrocketed as desperate companies wait…
A Look into the Future of the Freight Procurement Process
The last one and half years have been extremely challenging for the transportation and logistics industry. Apart from the devastating effects of the pandemic through all sectors of the supply chain, the logistics industry also had to deal with the impact of Brexit. Furthermore, they had to contend with the port congestion and the blocking…
The World Logistics Passport initiative and how it will help the transportation and logistics industry
The World Logistics Passport is an initiative by the government of Dubai to encourage trade in the emerging markets. Countries from Asia, Central America, and Africa have started to join this new trading initiative with the objective of uniting the logistics pioneers and forge a partnership focused on boosting trade. Keep reading today’s post where…