Despite the challenges, the freight forwarding market seems to be headed for a rebound in the medium term due to positive indicators in global trade amidst the pandemic, according to an analysis by Transport Intelligence. The report pointed to IMF forecasts saying global trade levels are now projected to reach pre-pandemic levels in 2021 as consumer demand has remained strong throughout the pandemic. Whilst restrictions and lockdowns have decimated the services industry, the report … [Read more...] about Freight forwarding tipped to rebound despite headwinds
global supply chains
DAMCO shows resilience as Beirut office restarts following port blast
Freight forwarder DAMCO relied on its business resilience (BR) programme to restart its Lebanon operations within 24 hours after the devastating blast at the Port of Beirut, the company said in a release. “The immediate concern was ‘what is the status of the team members? Are you safe?’,” said Zera Zheng, Head of DAMCO Business Resilience and Security. Thanks to communication channels put in place as part of the its business continuity plan, staff at the freight forwarder’s headquarters in … [Read more...] about DAMCO shows resilience as Beirut office restarts following port blast
Apple again tops global Supply Chain Top 25
AMR Research, a US-based research and consultancy firm, has released its annual Supply Chain Top 25 for 2009, identifying what it said are the Fortune Global 500 companies that have best demonstrated leadership in managing global supply chains “built to serve customers with both operational and innovation excellenceâ€Â. The ranking is based on a detailed paradigm that includes both peer and AMR researchopinion. “Since 2004 we have chronicled the emergence of new ideas, like … [Read more...] about Apple again tops global Supply Chain Top 25
