In this edition, we cover crucial updates and insights on:
- Global Shipping Schedule Reliability: Schedule reliability remains volatile, averaging 51.5%, with delays driven by port congestion and customs backlogs.
- USA ILA/USMX Strike in January: A potential strike from January 15, 2025, could disrupt major US ports; plan shipments early to minimise impact.
- Proposed Import Tariffs in the USA: New US administration proposals may introduce tariffs on key industries, impacting Australian exporters.
- Australian Port Congestion: Congestion persists at Melbourne and Sydney ports, with upcoming fee increases effective January 2025.
- Shipping & Airfreight Market Trends: Rates remain above pre-COVID levels, with capacity constraints affecting both sectors.
- Chinese New Year Preparation: Book early to avoid disruptions as factories shut down in Asia from January 29, 2025.
- Looking Ahead to 2025: Expect continued technological advancements, sustainability initiatives, and market volatility in logistics.
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