E2open Ocean Shipping Index Reflects Increase in Cross-Ocean Shipment Transit Times Due to Geopolitical Unrest and Natural Disasters

Latest report finds two-day increase from previous quarter in average global shipment duration across most major shipping lanes

AUSTIN, Texas – Jan. 25, 2024 – E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has published the latest edition of its Ocean Shipping Index, a quarterly benchmark report that provides insight for decision-making around global ocean shipments. Report data indicates that despite stability in recent quarters, all major shipping lanes in the index saw duration increases from two to four days for the fourth quarter of 2023, an upward trend that continues in the first month of 2024. Multiple recent global shipping challenges, including a drought in the Panama Canal and the threat of attacks in the Red Sea, have shippers and ocean carriers considering alternate routes that are significantly longer.

The e2open Ocean Shipping Index provides shippers with data-driven findings to better anticipate and adapt to factors contributing to delays. The report, published quarterly, is based on ocean shipping activity on e2open’s business network, encompassing over 480,000 connected enterprises managing 15 billion transactions and tracking more than 70 million containers annually. Providing details down to booking date, e2open’s Ocean Shipping Index arms the market with unique and timely insights for proactive and optimal decision-making.

“Two of the world’s most important waterways for moving global ocean shipments are experiencing tremendous challenges,” said Pawan Joshi, executive vice president, products and strategy for e2open. “The latest Ocean Shipping Index illustrates how these seemingly local disruptions are quickly impacting global logistics, causing uncertainty, and making it more difficult for companies to meet customers’ expectations. Not only do companies have to deal with longer transit times and cost, but they must also factor in the environmental impact of longer sailings. Longer sailing times also affect available container capacity for full as well as empty containers. The full impact of these disruptions is still unfolding and remains to be told in next quarter’s index; hence shippers and ocean carriers should continue to monitor transit times and update their demand, supply, and logistics planning parameters while taking proactive steps now to mitigate these disruptions.”

Noteworthy findings from the latest e2open Ocean Shipping Index covering the fourth quarter of 2023 include:

  • The global average shipment duration increased over the last quarter by two days, up to 60 days.
  • All major shipping lanes in the index saw duration increases.
  • Exports from Asia to North America and Asia to Europe averaged 60 and 64 days, respectively, reflecting an increase of three days in each route compared to the prior quarter.
  • Shipment duration from North America to Europe increased by four days, greater than forecasted.
  • Asia to South America routes saw an increase in shipment duration of two days from the previous quarter and four days from the same quarter in 2022.

Read the full e2open Ocean Shipping Index for additional data points and insights; view and subscribe at e2open.com. This report is one of several benchmark reports available from e2open to help companies manage increasingly complex and rapidly shifting global supply chains.

Über e2open

E2open is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 420,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 14 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one. Learn More: www.e2open.com.

E2open and “Moving as one.” are the registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.  



Media Contact:
5W PR for e2open

Investor Relations Contact:

Dusty Buell

Corporate Contact:

Kristin Seigworth
VP Communications, e2open

Share this Article:
Share this Article:


Februar 22, 2024

Employee Spotlight: Tara Buchler

E2open is powered by a strong global network of problem solvers and innovators driven by strong values and our company culture. Together, we are focused on doing what’s right in business and in our communities. Every month, we will shine a spotlight on an exceptional team member who is helping us transform the supply chain industry. This month, we held a Q&A with Emily Routh, Senior Manager, Human Resources.

Read More
Februar 14, 2024

E2open Names Andrew Appel as New Chief Executive Officer

AUSTIN, Texas – Feb. 14, 2024 – E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today announces the appointment of Andrew Appel as its new chief executive officer. Appel has served as e2open’s interim CEO since October, bringing over 25 years of executive leadership experience, most recently as president and CEO of software and business intelligence leader IRI for nearly a decade.

Read More
Februar 12, 2024

Top Five Reasons to Attend Connect Europe 2024

It’s that time again – time for the brightest thinkers in the supply chain industry to converge for Connect Europe 2024. In the past, we’ve visited some great cities, learned about some exciting new trends and strategies, and seen old friends (and made a few new ones). This year will be no different. We’ve got great expectations for 2024. Forget all the talk of disruption and uncertainty, – it's time to move ahead! Connect Europe 2024 will kick off our journey forward into the future, and like every journey, how we get there is as important as where we’re going. And we’re going to get there together! With that in mind, we’ve decided to compile a list of the five best reasons to attend this year’s event.

Read More
Abonnieren Sie unsere e2open Updates

E2open Subscription Center

Möchten Sie mehr erfahren? Bleiben Sie auf dem Laufenden mit den neuesten e2open-Nachrichten - von Unternehmens-Updates bis hin zu Thought-Leadership-Beiträgen und vielem mehr!

Füllen Sie dieses Formular aus, um die e2open-Updates zu abonnieren.


Let's Get Started