#connectedsupplychain--E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has published the latest edition of its Ocean Ship...
Latest report finds two-day increase from previous quarter in average global shipment duration across most major shipping lanes
AUSTIN, Texas: #connectedsupplychain--E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has published the latest edition of its Ocean Shipping Index, a quarterly benchmark report that provides insight for decision-making around global ocean shipments. Report data indicates that despite stability in recent quarters, all major shipping lanes in the index saw duration increases from two to four days for the fourth quarter of 2023, an upward trend that continues in the first month of 2024. Multiple recent global shipping challenges, including a drought in the Panama Canal and the threat of attacks in the Red Sea, have shippers and ocean carriers considering alternate routes that are significantly longer.
The e2open Ocean Shipping Index provides shippers with data-driven findings to better anticipate and adapt to factors contributing to delays. The report, published quarterly, is based on ocean shipping activity on e2open’s business network, encompassing over 480,000 connected enterprises managing 15 billion transactions and tracking more than 70 million containers annually. Providing details down to booking date, e2open’s Ocean Shipping Index arms the market with unique and timely insights for proactive and optimal decision-making.
“Two of the world’s most important waterways for moving global ocean shipments are experiencing tremendous challenges,” said Pawan Joshi, executive vice president, products and strategy for e2open. “The latest Ocean Shipping Index illustrates how these seemingly local disruptions are quickly impacting global logistics, causing uncertainty, and making it more difficult for companies to meet customers’ expectations. Not only do companies have to deal with longer transit times and cost, but they must also factor in the environmental impact of longer sailings. Longer sailing times also affect available container capacity for full as well as empty containers. The full impact of these disruptions is still unfolding and remains to be told in next quarter’s index; hence shippers and ocean carriers should continue to monitor transit times and update their demand, supply, and logistics planning parameters while taking proactive steps now to mitigate these disruptions.”
Noteworthy findings from the latest e2open Ocean Shipping Index covering the fourth quarter of 2023 include:
Read the full e2open Ocean Shipping Index for additional data points and insights; view and subscribe at e2open.com. This report is one of several benchmark reports available from e2open to help companies manage increasingly complex and rapidly shifting global supply chains.
About e2open
E2open is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 480,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 15 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.™ Learn More: www.e2open.com.
E2open and “Moving as one.” are the registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.
Fonte: Business Wire
Scheduled for October, the world's largest startup event will bring together more than 2,000 exhibitors in Dubai, UAE
The Italian IoT company is in the US for the second phase of CALL4INNOVIT
The Italian company partners with MainStreaming for high-performance, energy-efficient video streaming
Software vendors developing vertical solutions against specific attack vectors are 'cool' again. And when it comes to email security, all companies now…
The "New Zealand Buy Now Pay Later Business and Investment Opportunities Databook - Q2 2024 Update" report has been added to ResearchAndMarkets.com's…
The "Kenya Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis,…
Regulatory News: Median Technologies (FR0011049824, ALMDT, PEA/SME eligible, “Median” or “The Company”) will host two live webcasts on September 5, 2024.…
RWS, a unique, world-leading provider of technology-enabled language, content and intellectual property solutions, announces that Mark Lawyer has joined…