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Omicron: What to Know About Air Freight and Ocean Cargo

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

While it seems container shipping rates are finally starting to ease up—Drewry’s World Container composite index decreased by 1.5 percent week-over-week to $9,050.77 per 40-foot container and well off peak levels north of $10,000 in September—supply chain concerns continue to cloud ocean and air freight as the holiday season heats up. Given the uncertainty, Oxford…

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