E2open Parent Holdings, Inc., the connected supply chain SaaS platform with the largest multi-enterprise network, has published the latest edition of its Ocean Shipping Index, a quarterly benchmark report that provides insight for decision-making around global ocean shipments. The report reveals that the global average time for ocean shipments in Q4 2024 averaged 68 days, up eight days compared to Q4 2023. The most significant contributor to the year-over-year (YoY) increase is actual transit time, alongside extraordinary volatility that has created a complex landscape for businesses dependent on ocean freight.
The e2open Ocean Shipping Index empowers shippers with data-driven insights to proactively navigate supply chain challenges. The quarterly report is based on ocean shipping activity in e2open’s vast network of over 480,000 connected enterprises and managing billions of transactions and more than 70 million containers annually. Providing details down to booking date, e2open’s Ocean Shipping Index arms the market with unique and timely insights for proactive and optimal decision-making.
“Economic headwinds, geopolitical turbulence and uncertain trade routes are creating unprecedented disruptions within the ocean shipping industry. From continued Red Sea diversions to port congestion and labor unrest, businesses face a complex landscape of obstacles, all while grappling with possibility of new U.S. tariffs,” says Pawan Joshi, chief strategy officer (CSO) at e2open. “We can expect these ongoing issues will be exacerbated by the Lunar New Year holiday, as businesses relying on Asian suppliers often rush to place orders, adding strain to their supply chains. Companies that prioritize resilience and agility will be best positioned to navigate anticipated and unexpected disruptions, while helping ensure goods move smoothly through an increasingly volatile system.”
