E2open’s Ocean Shipping Index Reveals 70-Day Average to Ship Freight Globally

New quarterly report helps shippers better understand when to book ocean freight to help ensure goods arrive on time and mitigate risks of downstream disruptions

AUSTIN, Texas – November 3, 2021 – E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a mission-critical, cloud-based, end-to-end supply chain management platform, today released a new quarterly report that tracks ocean shipment delivery times from booking freight to receipt of goods, across major trade lanes between Asia, North America and Europe to help importers mitigate risk and make better decisions on when to book cargo.

Based on information from e2open’s business network, which encompasses 26% of all global ocean bookings and has visibility into more than 40% of international container trade, the e2open Ocean Shipping Index provides a data-driven reference for shippers to understand how long it takes to move goods internationally as well as the factors that contribute to observed delays.

Key findings from the Ocean Shipping Index include:

  • Overall, lead times have steadily increased across all lanes during the last 12 months, requiring shippers to budget more time for transporting goods
  • In the third calendar quarter of 2021, the average global shipment took 12 more days, or 23% longer, than the same period last year
  • The two most significant factors were a rise in time between the booking to gate in at the port, up 43%; and the ocean transit time, up 36%
  • Overall lead times from North America to Asia took 17 days longer than from Asia to North America, or 25% longer

“Ocean transportation is the backbone for world’s largest supply chains and critical to the flow of goods that power global economies,” said Pawan Joshi, executive vice president of products and strategy at e2open. “Successful operations require an accurate understanding of how long it takes to ship freight, especially for just-in-time supply chains. Detailed understanding of the time required for containers to arrive at the port, clear customs and be ready for pick up by ground carriers is the key to streamlining port operations and decongesting logistics operations. Transportation volatility – driven by high demand, container shortages and port congestion – has made historical lead times unreliable, increasing the risks of disruption in downstream production and customer service. Among other things, this quarterly index provides a new level of visibility so that shippers can better understand when to book capacity for goods to arrive at the required date.”

The Ocean Shipping Index adds to a growing list of benchmark reports available from e2open to help the industry navigate the increasingly complex global supply chain, including the annual Forecasting and Inventory Benchmark Study, monthly Freight Market Index and dynamic Freight Rate Index.

Learn More about the e2open Ocean Shipping Index at e2open.com.

Über e2open

At e2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from clients, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply, logistics and global trade ecosystems. e2open is changing everything. Demand. Supply. Delivered.™ Visit www.e2open.com.

E2open and the e2open logo are registered trademarks of e2open, LLC. Demand. Supply. Delivered. is a trademark of e2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.

Contacts

Corporate Contact:

Kristin Seigworth | VP, Communications | e2open | kristin.seigworth@e2open.com

Media Contact:

WE Communications for e2open | e2open@we-worldwide.com | 512-527-7029

 

Latest

April 10, 2024

What will AI in Supply Chains Look Like?

With all the excitement around AI these days, there is no shortage of opinions on what this will mean to us, both personally and to society as a whole. In one corner are tech fans who see AI as the cure-all to solve all our problems. In the other corner are the doomers who fear AI as a one-way ticket to end the human race, either self-inflicted or by the hands of machine overlords. While both make good headlines, it's likely to play out somewhere in the middle, varying by industry and skills involved.

Read More
April 9, 2024

E2open Strengthens Leadership Team, Announces Chief of Staff and Sector President Appointments

AUSTIN, Texas – April 9, 2024 – E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, announces the appointment of John McIndoe as EVP, chief of staff to the CEO on the executive team, and Steve Baird as sector president for North America on the global commercial leadership team.

Read More
April 3, 2024

The Baltimore Bridge Collapse: Three Industries That Will Be Hit Hardest

If you were to stand on the load platform at the massive Domino Sugars refinery along the Port of Baltimore today, you would see the collapsed remnants of the Francis Scott Key bridge in the distance. The bridge was a vital piece of the city’s infrastructure and a notable part of its visual identity. In addition to the unfortunate loss of life, there was also a tremendous loss of property, and the rebuilding process could take years and cost hundreds of millions of dollars.

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.

SIND SIE BEREIT, IHREN LIEFERKETTENFÄHIGKEITEN EINEN BOOST ZU VERPASSEN? Let's get started.

Let's Get Started