E2open Ocean Shipping Index Indicates Reduction in Cross-Ocean Shipment Transit Time Across All Major Ocean Routes

Latest report now includes import and export data for South America in response to supply chain diversification trends

AUSTIN, Texas – May 18, 2023 – E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has released the latest edition of its Ocean Shipping Index, a quarterly benchmark report that provides insight for decision-making around global ocean shipments. Report data reflects a downward trajectory in cross-ocean transit times over the last nine months, signaling an ongoing reduction in global demand for goods out of Asia.

The e2open Ocean Shipping Index provides a data-driven reference for shippers to understand how long it takes to move goods internationally and the factors contributing to observed delays. The report is based on historical data from e2open’s business network, encompassing over 420,000 connected enterprises managing 14 billion transactions and tracking 71 million containers annually. The Ocean Shipping Index is unique in the market because it captures the shipment booking date, adding deeper insight for decision-making.

“With continued uncertainty around available supply for components for manufacturing, raw materials, and agricultural goods, companies are evaluating their supply networks and looking to expand their options worldwide. The latest edition of the index includes import and export data about South American ports utilizing both the Atlantic and Pacific Oceans to move agricultural products, minerals, and oil and gas exports that play a role in global trade,” said Pawan Joshi, executive vice president, products and strategy, for e2open. “The global ocean shipping environment continues to have a choppy outlook, but the silver lining in all this is the global trend of decreasing booking-to-receipt times for shipments.”

Key takeaways from the latest e2open Ocean Shipping Index report include:

  • As of April 1, 2023, the global average total booking to receipt time for ocean container shipments declined 12 days from the same quarter last year.
  • Exports from Asia to North America saw the most significant quarterly drop, down 11 days in the last three months and 24 days from the same quarter in 2022.
  • Exports from Europe to North America decreased by 18 days from Q1 2022, the shortest overall duration in the past eight quarters. From North America to Europe, these journeys were down eight days since the previous quarter and nine days from Q1 2022, pointing to improvements across the entire maritime container shipping workflow.
  • New shipping lane data for exports from North America to South America and Europe to South America indicates a decrease of 12% and 13%, respectively, in total booking to receipt time from the same quarter in 2022. The cross-ocean journeys of exports from South America to North America and South America to Europe also decreased during the same period.

This report is one of several benchmark reports available from e2open to help companies navigate increasingly complex global supply chains.

View and subscribe to the latest e2open Ocean Shipping Index at e2open.com.

About 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 400,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 13 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.  

###

Contacts

Media Contact:
5W PR for e2open
e2open@5wpr.com
718-757-6144

Investor Relations Contact:
Dusty Buell
dusty.buell@e2open.com
investor.relations@e2open.com

Corporate Contact:
Kristin Seigworth
VP Communications, e2open
kristin.seigworth@e2open.com

Share this Article:
Share this Article:

Latest

December 6, 2023

E2open Clients Unlock Greater Supply Chain Efficiency, Predictability, and Cost Savings with Latest Quarterly Product Update

AUSTIN, Texas – Dec. 6, 2023 – E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has released its fourth-quarter product update for 2023. As ongoing complexities disrupt the balance of supply and demand and the movement of goods, e2open’s latest technology release provides companies with the deeper level of visibility needed to anticipate challenges before they happen, and the ability to proactively respond with timely execution. Enhancements across the platform enable e2open clients to save time and cost with more accurate forecasting, faster cross-border compliance, less manual error, and reduced waste.

Read More
December 5, 2023

Navigating ESG: A Platform for Transparency in Supply Chains 

The importance of Environmental, Social, and Governance (ESG) performance cannot be overstated in today’s rapidly evolving business and financial landscape. ESG has transitioned from a mere buzzword to a defining factor influencing a company's cost of capital and its access to financial resources. Corporations now find themselves under increasing pressure to not only measure and disclose their ESG performance but to also manage associated risks effectively. The surge in regulatory initiatives, whether related to environmental concerns, social issues, or governance standards, all emphasize one thing: the need for transparency. They push companies toward deeper disclosure, broader connectedness, and enhanced collaboration throughout their supply chains. In this article, we will explore key regulatory ESG developments, the challenges they pose, and the role of technology platforms like e2open’s on this critical ​ESG journey.​

Read More
November 30, 2023

Employee Spotlight: Amy-Louise Bridges

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 Amanda Loudin, Director, Logistics as a Service at e2open.

Read More
Subscribe to Receive e2open Updates

E2open Subscription Center

Interested in Learning More? Stay current with the latest e2open news – from company updates to thought-leadership pieces, and so much more!

Complete this form to subscribe to e2open updates.

Are you ready to boost your supply chain capabilities? Let's get started.

Let's Get Started