The Global Supply Chain Pressures Index (GSCPI) reported at 1.05 in September 2022, just a quarter of the peak reported in December 2021, has shown that disruption The supply chain segment has been improved for the better.
The index is at this level similar to that reported in November to December 2020. While some ports, such as Houston, have seen high levels of congestion (around six weeks) due to an increase on output. Global port congestion appears to have eased from its December 2021 to January 2022 peak. The Freightos Baltic Index fell 9%, to $3.699, roughly on par with the World Containers Index of Drewry, has dropped to a third of its peak rates.
FBX12 reported a 22% drop in Nordic to China/Asia rates and recorded its lowest quote ever at $375. Meanwhile, US West Coast to China (FBX01) rates were reported at $2.435, even lower than those reported by Drewry's.
Cargo volumes at US ports also seem to point to/reflect this, with August throughput at the ports of New York, New Jersey, Los Angeles and Long Beach being lower than last year, around the time the indices peaked (September 2021). The reduction ranges from -0.5% to -16%. Global Schedule Confidence at 47%, close to December 2020 level, which reflects reduced Global Supply Chain pressure.
Everyone will focus on the US September inflation report, expected this week. This could give transportation analysts a signal where rates are headed in the near future. Rates are unpredictable, as the holiday season coincides with peak demand, however, this year has been pre-planned from importers and retailers and we could see a surplus of inventory in USA.
While China reopens this week, some analysts see the massive drop in spot rates as a selling proposition to further boost the country's exports, which have been quiet. Despite the negative overall picture, rates on US-Europe trade routes are at record highs as previously reported by Drewry's, similarly, rates on China-Africa and Europe trades Europe and South America also increased.
As the United States officially imposes countervailing duties of up to 46% on certain export products from Vietnam, the Vietnamese logistics sector is facing significant challenges—including rising operational costs, longer shipping times, and the risk of supply chain disruptions.
It is evident that digitalization has become the defining trend of the modern era. Across all industries and sectors, businesses are shifting from traditional development strategies to automation and digital transformation, aiming to optimize operational efficiency and productivity.
Europe remains one of the most important and promising export markets for Vietnamese enterprises, especially following the implementation of the EU–Vietnam Free Trade Agreement (EVFTA). With a population of over 740 million and a total GDP of approximately USD 18 trillion, the region has a strong and diverse demand for imports ranging from agricultural products and processed foods to industrial goods, electronics, and textiles.
In an effort to continuously enhance our position and expand our global network, Glotrans actively participated in the PPL AGM 2025 Annual Meeting in Hong Kong from May 25 to May 28. This is a key event, providing us with valuable opportunities to enhance our expertise and develop international partnerships.
On May 18, 2025, Glotrans HCM officially entered its 13 years of operation, marking an ever-growing journey in international logistics and freight forwarding.
