G4 Logistics News

Cross-border logistics are a crucial part of doing business in today's global economy, as they allow companies to take advantage of different supply chains and pricing structures. For example, a company might avoid paying customs duties on international shipments if they can find a cheaper supplier in another country. They might also ship products from multiple locations to increase their coverage area or reduce shipping costs per shipment.

Container imports to US ports have dropped. West coast imports were down 26% in October. As labor issues out west push containers to more stable labor pools in gulf and east coast ports, the average price per container from Asia to the US settles around $3,200 per FEU (forty-foot equivalent unit). Just three months prior we were seeing $8,500 per container. Things are different this year with this 62% drop in container price from August to November (Peak Season). We find a few interesting points when digging deeper to see what this can mean for our clients. 

Mexico is capitalizing on the macroeconomic factors that are demanding companies look beyond Asia-Pacific for manufacturing. Through careful planning and partnerships, Mexico has created advantages in labor, education, and legal protections that will continue to build its reputation as a leading source of skilled manufacturing.