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Global Logistics Market Update

Keeping you up to date and informed on the global landscape of the logistics industry

Global Logistics Market Update: 04 January, 2022

Today we're covering exciting investment in the logistics technology sector and keeping you updated on the flooding situations in Malaysia and Thailand.

Macro Update:

A rush to investment into logistics technology is creating high valuations for many logistics startups in the race to digitize operations at the center of the world’s supply-chain gridlock. The sudden flow of cash is giving startups in a previously neglected sector new access to capital to build out their businesses.

Supply-chain technology startups raised $24.3 billion USD in venture funding in the first three quarters of 2021, 58% more than the full-year total for 2020, according to analytics firm PitchBook Data Inc.

Much of the investment in supply-chain technology companies is focused on tools for operations such as smart warehouse management, matching freight loads to transportation capacity and cost-effective route mapping to move goods.

Post in Malaysia continues to be delayed due to heavy rains and extensive flooding. The postal network has been severely affected and some post offices remain closed. Flooding in Thailand has since subsided and postal services are returning to normal.

Service Updates:

Australia

Fulfillment services: Operational and as per SLAs.

Inbound Receiving services: A slight delay of 3-5 days.

Shipping services: Deliveries are experiencing extended delays in Adelaide, Geelong, Melbourne and Perth. Byron Bay letter deliveries may be delayed due to a COVID-19 disruption.

You can read more about domestic delivery times across Australia’s regions here

Australia Post: Parcel deliveries to Canada will remain suspended until further notice, although Courier and letter services will continue. 

Direct injection International services at this time: No delays

International to postal providers: Australia Post is still experiencing delays internationally due to limited air freight capacity. 

New Zealand: New Zealand post is experiencing delivery delays of one working day in Manawatu. Over the holiday period there will be no deliveries on Christmas Day, Boxing Day, 27th & 28th December, New Year's Day, 3rd & 4th January.

The country’s phased border reopening was delayed again this week to the end of February, in order to “slow Omicron’s spread”.

US

Fulfillment services: Remain unaffected by delays and same day dispatch is being met as per SLAs.

Inbound Receiving services: Operational and as per SLAs.

Shipping services: We are seeing slight delays with Ground services in the USA. Average wait times of 3-5 days. 



Wildfires are causing hazardous conditions in parts of Colorado, leading to delays. Furthermore, winter storms in the western region of the U.S will cause anticipated service delays and disruptions.

UK

Fulfillment services: Operational and as per SLAs.

Inbound Receiving services: Operational and as per SLAs.

Yodel and Royal Mail services:  No disruptions or delays

Royal Mail: 

There are no delivery or collection services on the following days over the New Year period: 

  • New Year’s Day - Saturday 1 January
  • Sunday 2 January 
  • Monday 3 January

Normal deliveries and collections resume on Tuesday 4 January 2022.

International from the UK: We are seeing slight delays for DDU, not DDP deliveries, where there is an IOSS number. Average delivery times of 5-8 day are now taking 8-11 days. We encourage all customers to have their IOSS number as this helps with improving the clearance process to deliver into the EU.

EU

As COVID-19 cases surge in the region, continued lockdowns and imposed restrictions could impact deliveries. 

Fulfillment services: Operational and as per SLAs.

Inbound Receiving services: Operational and as per SLAs.

Canada

Fulfillment services: Operational and as per SLAs.

Inbound Receiving services: Operational and as per SLAs.

Vancouver, Canada continues to experience disruption to its mail services. The port has not been directly affected by flooding, but rail shipping has been suspended, and the highways that act as arteries to Canada’s interior have been closed. The extent of the damage is still being assessed and could take months to resolve.

Freight Forwarding Update:

Sea freight - Asia to north America

We’ve seen a slight drop in pricing for LCL and FCL. Hopefully this will continue to improve in Q4, however rates are still elevated. 

Space: We continue to experience space issues with most carriers

Booking: We recommend booking well and truly in advance (5-6 weeks), we cannot guarantee that the space will always be available.

Sea Freight - Asia- Europe

Rates are still at record highs, although they have gone down slightly. 

Space: Continues to be a concern

Booking: We recommend booking well and truly in advance (5-6 weeks).

Sea Freight - Asia - Australia

Pricing is still relatively elevated.

Space: Continues to be a concern

Booking: We recommend booking in advance (4-5 weeks).

Air freight

There is limited space availability and freight may be moved off and put on other later flights, in the run up to peak season. We are seeing issues with carrier reliability and capacity at the moment, meaning we cannot always guarantee services at this time.

Direct injection

B360 has its own Direct Injection network that runs from Sydney to the US, Hong Kong to Europe, Hong Kong to Australia and Hong Kong to the US. These channels are still very reliable, with transit times on average being 4-8 days, we see no changes as per the SLAs at this time.

To learn more about any of our updates or to make carrier changes, please reach out to us today.

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