For the sectors that deal with Transport and Logistical issues on a daily basis, 2024 is at least a year away… CHAOTIC! Full of challenges that are reshaping supply chain dynamics and testing the resilience of businesses.
Understanding the impact of these constraints on your strategic and operational decisions, we have summarised the main events that have marked this year. We have also provided essential advice on how to navigate this period of increased turbulence.
It’s time to turn obstacles into opportunities! Find out more in today’s post.
1.Port Congestion and Infrastructure Conditioning
One of the most disruptive issues in global supply chains is port congestion. Some of the most affected ports in 2024 include Shanghai, Ningbo, Los Angeles and Singapore.
Challenges
- Longer delivery times;
- Lowest stock available.
Mitigation Strategies Implemented by Olicargo
- Shipments carefully planned;
- Ongoing contact with shipping lines to obtain up-to-date port congestion information;
- Use of the Olicargo Track and Trace tool, allowing real-time monitoring of the status of the cargo.
2. Lack of Containers
In 2024, problems related to container shortages continue. Fluctuations in the availability of containers at export or import points disrupted the normal flow of trade, resulting in cost increases.
Challenges
- Higher freight prices;
- Delays in the delivery of goods;
- Interruptions to production lines;
- Stock management difficulties.
Mitigation Strategies Implemented by Olicargo
- Frequent contact with shipping lines to ensure container supply.
3. Supply Chain Disruptions
Natural disasters, geopolitical conflicts and equipment shortages have disrupted the normal functioning of the supply chain. As a result, companies around the world have been affected in a variety of ways.
Challenges
- Unexpected situations affecting supply chain functioning;
- Difficulties in ensuring continuity of production lines.
Risk Reduction Measures You Can Implement In Your Company
- Developing a structure for managing risk and building a supporting network;
- Creation of a contingency plan to ensure continuity of production;
- Active collaboration with suppliers.
Inflation and Rising Freight Rates
Also due to fluctuations in fuel prices, freight prices have skyrocketed in 2024.
Challenges
- Logistics cost optimisation.
Mitigation Strategies Implemented by Olicargo
- Strategic partnerships with shipping lines;
- Choice of alternative routes;
- Choosing other modes of transport.
5. Regulation Changes
During the year, changes in trade regulations and policies have had a significant impact on the global logistics scenario. Tighter carbon emission regulations, container weight limits and trade sanctions add complexity to supply chain operations.
Mitigation Strategies Implemented by Olicargo
- Using technology that not only updates information, but also ensures strict compliance with all standards and regulations.
Olicargo: A Strategic Partner
Dealing with the constraints that have affected the Transport and Logistics sector has required an enormous capacity for resilience. At Olicargo, we meet these challenges with meticulous planning, advanced information systems and a highly trained team. We also work closely with our global partners. This approach allows us to provide you with a premium service every day. We are able to adapt to the constant changes in the market. Trust Olicargo to meet the challenges of the present and the future!
Sources:
Camachem. (2024). Top 5 Global Logistics and Shipping Crisis of 2024. Retrieved 3 July 2024 at: https://camachem.com/en/blog/post/top-5-global-logistics-shipping-crisis
