Green Sheep Logistical Solutions Corp. Overviews Logistics Industry Challenges

Green Sheep Logistical Solutions Corp. explains delays in the logistics supply chain and significant ocean freight rates increase.
 
VANCOUVER, British Columbia - June 1, 2021 - PRLog -- Since the outbreak of COVID-19 more than a year ago the logistics industry has been scrambling to adapt to the immense pressures. The pressures were caused by the demand for personal protection equipment, medical supplies and e-commerce shipments, as well as the disruptions to the global supply chain due to worldwide industrial shutdowns and travel restrictions in the wake of the pandemic. Delays in the logistics supply chain started at that time and are still present today: cargo ships have been delivering their loads later than ever this year, adding to the supply-chain pressures. Only about 40% of container ships globally were on time arriving at ports in March, according to an analysis by Denmark-based Sea-Intelligence ApS, with average delays stretching to more than six days. The slowdowns improved from February but remained far behind reliability levels of the previous two years when more than 70% of ships arrived on time.

These issues were followed by a significant rise in ocean freight rates and an increasingly worrying lack of empty containers in major transit ports. For example, the cost of shipping a container from China to Los Angeles surged to $4,140 in April from $1,579 a year earlier, and the cost of moving one from Asia to Europe rose to $3,934 from $741, according to the Shanghai Containerized Freight Index.

Green Sheep Logistical Solutions Corp. follows this situation closely and is doing its best by developing a cost-efficient solution to the major transportation companies and their customers' challenges. The platform is designed to allow manufacturers, suppliers and logistic companies to match their needs and reduce the pressure in the logistics industry caused by recent events.

About Green Sheep Logistical Solutions Corp.: Green Sheep is a Vancouver based digital platform offering cost-efficient solutions to the challenges faced by transportation companies and supply chain participants requiring financing of logistics operations in a timely and secure manner. (https://getgreensheep.com/)

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Tags:Logistics
Industry:Transportation
Location:Vancouver - British Columbia - Canada
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