- Did you know that ocean freight made more money in 2021 than in the previous 20 years?! In a report released by the Council of Supply Chain Management Professionals, it was reported that money spent on ocean freight rose by 23.6% just last year alone. Click the link below to read the summary of spending on all freight from 2021.
Source: Furniture Today. Read the full article here.
- China to U.S. Shipping rates has started to come down. According to an article released today from the Wall Street Journal, “Freight rates from China to the U.S. West Coast stood at $9,585 a box last week, down 34% from the start of the year and 50% from a year earlier, according to the Freightos Baltic Index. Those rates, however, are more than four times higher than in June 2020, and industry observers expect them to remain above pre pandemic levels through at least 2023.”
Source: The Wall Street Journal. Read the full article here.
- The conversation around PFAS and the restaurant industry has become a big topic of conversation. PFAS stands for Per- and polyfluoroalkyl substances which are substances that are full of toxic chemicals that are slow to break down. QSRs should be advised that this could garner future lawsuits. Many restaurants are looking into exactly what is in their packaging.
Source: QSR Magazine. Read the full article here.