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Why Ocean Freight Rates and Activity Are at Historic Highs Right Now

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.

Volatility persists in the container shipping market, with carrier freight rates and profitability pointing up, but risks remain that could shorten the up cycle, analysts said in a Thursday Drewry webinar. Simon Heaney, senior manager of container research at the independent maritime research consultancy, said pandemic-driven supply chain disruption continues to roil the market. He…

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