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Supply Chain Managers To Confront Escalating Transport Rates in 2022

transport rates - blog

Irrespective of mode, rates will be escalating, with carriers controlling capacity and exercising leverage like never before. Given the shortage of manpower and labor pools across the spectrum of global logistics, supply chain managers will be struggling.

Crafting an annual rate forecast has never been easier. Soaring inflation, tightening cargo capacity, and a shrinking labor market only add up to one thing for today’s global logistics managers: the triple whammy.

Industry analysts advise supply chain managers to expect a steady escalation of rates and expenses. The good news? A different mindset may transform our transport culture and strategic planning.

Read full article here.