A Look at 2020 Global Supply Chain So Far…

CONSUMER SPENDING + SUPPLY CHAIN¬† In Q2 of 2020 we saw US GDP contract by 31.7%.  This contraction was the ending to the longest economic expansion on record, followed by the worst quarterly downturn ever.  In response, experts are predicting some 30.8% annualized growth setting yet another record.  Driving the anticipated bounce back is major spending from the […]

Freight Rate Relief In Sight

September marked the highest levels of international freight rates in history! You read that right, the highest ever! International shipping rate levels from China and greater Southeast Asia to the United States have been ever-increasing since late April this year. Importers have witnessed a constant and continuous march upwards, month by month. Good news is

Ocean Rates Skyrocket

For those of you who closely monitor rates, you have without question seen huge jumps in costs over the last six weeks consistently.  Large increases in rates causes harmful impacts to budgeting and cost of goods, and we want to take a brief moment to share some information relevant to what is driving these increases.