The Red Sea, a crucial maritime route, has been a focal point of geopolitical tensions, impacting global shipping and logistics operations. The conflict has led to increased security concerns, rerouting of cargo, and potential delays. However, in an unexpected twist, these disruptions have somewhat alleviated the usual congestion faced during the Lunar New Year period in key Asian ports. This situation, while easing certain pressures, has introduced new variables that freight forwarders must navigate.
In a transformative move reshaping the maritime logistics landscape, the newly formed Gemini Cooperation, a strategic alliance between Maersk and Hapag-Lloyd, starting in February of 2025, signifies the dawn of a new era in maritime alliances.
As we approach 2024, the freight forwarding and container shipping industry is on the cusp of significant change. This new year promises to be a defining moment, with a range of factors reshaping the way we do business. From capacity challenges and sustainability efforts to digital transformation and pricing trends, let’s delve into what the […]
In the digital age, the difference between a great deal or a missed opportunity relies on immediate and reliable access to real-time data and an effective rate management process, thanks to a modern and integrated freight procurement process. At Cargofive, we understand this, and we are committed to providing solutions that empower your business to thrive in the fast-paced world of freight forwarding.
Still going through the “prolonged shock” of the COVID-19 pandemic and its countless variants, today’s attention is on the vulnerability of all operators in the supply chain. According to EY and Fortune, 94% of Fortune 1000 companies have experienced supply chain disruptions as a result of the pandemic. Thus, many affirm that we’re facing a […]
These last few years have been challenging for the logistics sector and the supply chain. Now, more than ever, freight forwarders must be aware of new trends to add more value to their efforts and stay one step ahead of their competition. So what can we expect for the upcoming year? The trends in […]
Despite the disruptions in supply chains, shipping, and global economies caused by the pandemic in 2020, the industry has gained some confidence in facing different threats and has learned how to manage new risks. However, there are still other problems that endanger the continuity of the different agents for the next decade. We invite you […]
How does a risk presents to a freight forwarder? International shipments carry risks, and many of them are very high for those who are part of the supply chain. Freight forwarders, being a crucial part of it, must face risks – often unexpected – in order to move cargo safely and quickly. For this reason, […]
Freight forwarders’ profit margin is limited as their earnings come from helping shippers to organize the loads and properly deliver their shipments. This margin is often affected by neglecting the hidden costs of using outdated systems that make their tasks even more difficult and invested expenses. Thus, we decided to list for you those hidden […]
Competitiveness in the freight forwarding industry is on the rise. Now, freight forwarders must be alert so that their profit margins are not reduced. One of the alternatives to keep the company profitable may be to keep costs low. But how can this be achieved? In a freight forwarder, reducing costs can sometimes seem […]