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Cargo Congestion Infecting East Coast Ports, Drewry Warns

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

The ocean cargo supply chain, including historically high freight rates, isn’t likely to see a return to normal until next year, Simon Heaney, senior manager for container research at maritime consultancy Drewry, said Tuesday in forecast webinar. “Ultimately carriers’ ability to charge customers extremely high freight rates is going to be dictated by the longevity…

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