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New Flexport Index Shows Ocean Times Along Trade Routes

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Flexport has introduced the Ocean Timeliness Indicator (OIT), which measures the amount of time taken to ship freight from the point at which cargo is ready to leave the exporter to when it is collected from its destination port. The ocean shipping world tends to run along “trade lanes,” Flexport noted, with the two biggest…

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