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Why Futures Contracts May Be the Key to Stabilizing Freight Rates

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

As all stakeholders throughout the supply chain seek answers to 2021’s skyrocketing freight rates, select parties are banking on futures contracts to bring some transparency to pricing going forward. Six new futures contracts scheduled to start trading in February are designed to hedge the risk of ocean freight rates, and mitigate some of the volatility…

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