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Freight Costs Top Tariffs for First Time Since 2017, Data Shows

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

While increases in freight costs have been an ongoing concern, companies in the fourth quarter of 2020 saw charges for U.S. inbound routes rise to a nearly $10 billion shipping inflation problem. For most of last year, supply chains have had a number of challenges ranging from manufacturing disruptions caused by the coronavirus pandemic, mass…

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