We kick off 2024 with a fresh take on the current market outlook considering recent market developments.

This is a kind reminder as the Lunar New Year approaches, which traditionally means production shutdown in many Asian countries, including China, for a few weeks. The entire industry must be aware and prepared to prevent delays, as most operations close, and employees generally return home for several weeks.

Volatility and uncertainty are once again on the menu for shippers around the world. With the year of 2023 having marked a return to pre-pandemic schedule reliability, it is now apparent that we will enter 2024 with darker clouds on the horizon.

Decarbonizing the supply chain is a joint effort. As a result of our long-standing partnership with Everllence (formerly MAN Energy Solutions) (MAN ES) in Denmark, we have initiated a project to test and develop sustainable logistics solutions. The full project scope involves 100% ocean biofuel and trucks running on renewable diesel, HVO (Hydrotreated Vegetable Oil), ensuring approx. 85% reduction on the last-mile delivery. The business case will inform future co-led carbon-reducing initiatives.

Windward’s solution will provide Scan Global Logistics’ customers with a single source of truth of real-time ocean freight data, enhanced visibility, and the tools to optimize decision-making and manage by exception for increased on-time performance.

Several thousand books have been donated to create a new community children's library through a sponsorship event involving the Australian International School in Singapore, the Angkor Kids Center, and Scan Global Logistics. Now, these children have access to a world of knowledge, entertainment, and fun that they did not have before.