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Reflections 2021 – A year that was for the supply chain industry
Yet another year of great disruptions comes to an end. At the start of 2021, the supply chain industry faced with unprecedented crises that revolved around excessive demand, poor supply and unavailability of shipping containers. It impacted trade world over and now even as we near the end of 2021, it is obvious that the crises is far from over.
Looking back, there are a few lessons to be learnt and new insights that can help the supply chain industry equip themselves better for the coming years. Our current post attempts to understand these learnings by looking back and reflecting at important things that shaped the year 2021 for logistics industry.
Will shipping lines kill the sea freight forwarding business?
The Shipping lines v/s sea freight forwarders, a scenario that headlines major sea freight forwarders discussion is not devoid of merit. Economic growth across the world fueled the meteoric rise of supply chain in general and sea freight in particular. While shipping lines and sea freight forwarders are the part of the same ecosystem, current trends seem to suggest that shipping lines want a bigger share in the profits.
Is the fear of shipping lines pushing sea freight forwarders out of business real?
There are enough indications for sea freight forwarders to be cautious. Let us look at some of the factors that are worrying sea freight forwarders so much.
What is the future of air freight forwarding operations?
The V shaped economic recovery, soaring sea freight rates and the quick delivery solutions that air freight forwarding option can provide has made it a lucrative option for businesses world-over. But is this a temporary correction or will this change the air freight industry forever?
Looking at the surging costs, it is easy to assume that this question is tad too late; however the current air cargo rush and the resulting higher costs are a result of multiple factors and that is the focus of our current blogpost.
Top 7 Trends Shaping the Future of Supply Chain Management
It is said that ‘Every crisis is an opportunity.’ Covid-19 pandemic is no different. It disrupted the supply chain management industry and hastened the business transformation process. Currently, the supply-chain industry is looking at greater technology integration, effective cross-regional collaboration, optimized pre-fulfilment speed and stronger supply-chain talent to transcend the current crises, galvanize industry 4.0 implementation initiatives and pave way for industry 5.0
7 Trends Shaping the Future of Supply Chain Management
1. Greater emphasis on regional hubs
Global uncertainties like the situation unfolding in Afghanistan, recent US-China tariff wars, natural calamities in various parts of the world etc.
Freight: Fight or Flight?
By Sumit Varma
Citigroup, United States of America, 1999.
The merger between Citicorp and Travelers Insurance, a large corporation that owned and controlled the investment bank Smith Barney, would in many ways alter the course of history in modern day economic growth of nations and its consequences. At the core, the merger which created the vast conglomerate involved with banking, insurance and securities would directly stand against the fabled Glass-Steagall Act of 1933. Simplified, the act came into force after the Wall Street collapse of 1929 wherein, overenthusiastic commercial banks got into investments in stock market, buying stocks in private corporations for resale to public. The pursuits of these institutions in the hunt for abnormal profits more often than not clouded their judgments, eventually leading to the collapse. The Glass- Steagall act made sure that commercial banks and investment banks are kept forever apart.
Cut to the present, the largest financial conglomerate in the world now...
The World of freight forwarding in the past decade (2010-2020) & Covid -19 fall out
By Sumit Varma
The global trade facilitators in the past decade- Freight ForwardersThe global trade facilitators in the past decade- Freight Forwarders
For the first time, a decade later since the global financial crisis of 2008, the estimated $130bn air and sea freight forwarding industry faced the most challenging year culminating one of the most critical yet transformative decades in the years to come.
It’s the airfreight decline for most global forwarders followed up with a marginal increase in sea freight volumes that has clearly led 2019 performances. The continuing consolidation acts through M&A’s has helped some of the traditional European forwarders into a bigger commune. Leading industry analysts projected a real term contraction of business for the first time in little over a decade since the crisis of 2008. The USA- China trade war that has costed lost opportunities in the trans-pacific sector of shipping, followed up with lacklustre performances from export driven economies like Germany & Singapore, lighter movement in high tech, automotive and smart phone segments....