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Ocean Freight Rates Seen Rising in 2019 as Carriers Pass Along Fuel Costs

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.

Importers and exporters can expect to pay higher ocean freight rates this year, as carriers pass along increased fuel costs, according to experts at maritime and shipping industry research and consulting firm Drewry. During a webinar on the outlook for freight rates in 2019, Simon Heaney, senior manager for container research, said, “Expect volatile and…

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