Latest report highlights how lessened demand for goods from Asia has continued to reduce port congestion, resulting in an average eight-day decrease in total time from booking to receipt compared to the year-ago period.
AUSTIN, Texas–(BUSINESS WIRE)–#connectedsupplychain—E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today released the Q4 2022 edition of its Ocean Shipping Index, a quarterly report that offers data-driven insights to better manage the movement of goods around the globe and on key lanes between Asia, North America, and Europe.
The e2open Ocean Shipping Index Q4 2022 Report shows that as of January 1, 2023, it takes a company an average of 63 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey. This is a dramatic eight-day global average decline from the same quarter last year.
Based on information from e2open�s business network, encompassing 420,000 connected enterprises managing 13.5 billion transactions and tracking 71 million containers annually, 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. Companies can use this data to make informed decisions on when to book ocean freight.
Key findings from the latest e2open Ocean Shipping Index include:
While it is the most cost-effective transportation mode, ocean shipping has been in a constant sea of change. A companys constrained ability to predict the impact of external factors like shifting transit times, port congestion, and capacity fluctuations has complicated once-simple ocean shipping, said Pawan Joshi, executive vice president, products and strategy, for e2open. The latest edition of the index highlights ongoing changes and provides valuable insights on global shipping lane trends. Incorporating these insights and trends at the moment of decision-making is key to unlocking immediate value and supporting resiliency across the end-to-end supply chain.
The e2open Ocean Shipping Index is unique because it captures booking information at the start of the logistics timeline to provide a better view of total shipment time. This report is one of several benchmark reports available from e2open to help companies navigate increasingly complex global supply chains.
View the latest e2open Ocean Shipping Index at e2open.com.
About e2open
E2open is the connected supply chain software platform that enables the worlds 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 Contact:
Adam Rogers
AVP Investor Relations, e2open
adam.rogers@e2open.com
515-556-1162
Corporate Contact:
Kristin Seigworth
VP Communications, e2open
kristin.seigworth@e2open.com
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