{"id":653,"date":"2023-07-12T01:42:07","date_gmt":"2023-07-12T08:42:07","guid":{"rendered":"https:\/\/www.medallionenterprises.com\/blog\/?p=653"},"modified":"2023-07-07T06:38:37","modified_gmt":"2023-07-07T13:38:37","slug":"shipping-issues-expected-for-summer-2023-2","status":"publish","type":"post","link":"https:\/\/www.medallionenterprises.com\/blog\/2023\/07\/12\/shipping-issues-expected-for-summer-2023-2\/","title":{"rendered":"Shipping Issues Expected for Summer 2023"},"content":{"rendered":"

Over the last few years, the global supply chain has been an indirect victim of the pandemic. Widespread shutdowns caused unprecedented interruptions in both consumer purchasing and availability of goods and materials.<\/p>\n

Are there any lingering effects from this historic event? Our\u00a0fulfillment company<\/a>\u00a0staff shares industry expert predictions about\u00a0what to expect this summer<\/a>.<\/p>\n

Freight Rates<\/h2>\n

\u2022 During the pandemic, logistics costs rose sharply, which was one of the elements contributing to high inflation. Over the last year, ocean freight charges have declined, with some lanes back to pre-pandemic levels.<\/p>\n

\u2022 Falling rates are attributed largely to a drop in consumer spending, which had risen over the last two years as importers enjoyed increased sales.<\/p>\n

\u2022\u00a0Carrier alliances<\/a>\u00a0are in a period of flux, as seen with the pending split between Maersk and MSC. Some experts believe this may be the beginning of a rate war.<\/p>\n

Despite these changes, experts caution that freight rates and shipping prices have not yet leveled off.<\/p>\n

Shipping Demand and Inventory Volumes<\/h2>\n

\u2022 Consumer spending remains low, with more money being spent on services rather than goods.<\/p>\n

\u2022 Job markets and wages continue to be strong. Whether this leads to growth in spending depends on consumer sentiment in the face of recent bank failures and rising interest rates.<\/p>\n

\u2022 Shipping demand is beginning to creep back up as inventory levels<\/a>\u00a0are depleted. Import volumes saw monthly increases during spring, and this trend is expected to continue into July.<\/p>\n

\u2022 Labor disputes involving Local 13 of the International Longshore & Warehouse Union (ILWU) may impact traffic at the Los Angeles and Long Beach ports.<\/p>\n

Streamline Operations With Our Fulfillment Company<\/h2>\n

Experts recommend partnering with a\u00a0fulfillment warehouse<\/a>\u00a0to mitigate the effects of demand fluctuations and changes in shipping rates.\u00a0Contact Medallion Fulfillment & Logistics<\/a>\u00a0for a solution to fit your specific needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the last few years, the global supply chain has been an indirect victim of the pandemic. Widespread shutdowns caused unprecedented interruptions in both consumer purchasing and availability of goods and materials. Are there any lingering effects from this historic event? Our\u00a0fulfillment company\u00a0staff shares industry expert predictions about\u00a0what to expect this summer. Freight Rates \u2022 … <\/p>\n

Continue reading “Shipping Issues Expected for Summer 2023”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98,97,3],"tags":[36,35],"class_list":["post-653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fulfillment-companies","category-fulfillment-warehouse","category-news","tag-fulfillment-company","tag-fulfillment-warehouse"],"yoast_head":"\nShipping Issues Expected for Summer 2023 - Medallion Fulfillment & Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.medallionenterprises.com\/blog\/2023\/07\/12\/shipping-issues-expected-for-summer-2023-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shipping Issues Expected for Summer 2023 - Medallion Fulfillment & Logistics\" \/>\n<meta property=\"og:description\" content=\"Over the last few years, the global supply chain has been an indirect victim of the pandemic. 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