Reflecting on 2024 Logistics: Key Events and Future Outlook

The logistics industry experienced significant changes in 2024.

From rising sea freight rates to advancements in digitalization and labor negotiations in the U.S., numerous events shaped the industry’s landscape.

This article reviews these key topics and examines what lies ahead.

Rising Sea Freight Rates and Their Impact

Attacks by Yemen’s Houthi forces in the Red Sea disrupted major shipping routes, causing sea freight rates to soar.

By April, rates had exceeded pre-pandemic levels due to supply shortages.

Monitoring these trends will remain critical in the coming year.

Progress and Challenges in Digital Forwarding

Digitalization continued to evolve, with major forwarders driving the development of digital platforms.

However, adoption among small and medium-sized businesses remains limited. While startups are innovating, widespread adoption will take time.

Labor Negotiations on the U.S. East Coast

Labor strikes on the U.S. East Coast affected supply chains, though a temporary wage agreement was reached quickly.

However, automation-related issues remain unresolved, leaving room for potential disruptions.

Looking Ahead

The key themes for logistics in 2024—digitalization and global supply chain stability—will continue to shape the industry.

Companies must adapt to these changes to stay competitive.