E2open Ocean Shipping Index Shows Geopolitical Tensions, Labor Shortages and Port Congestion Driving Significant Increases in Global Transit Times
E2open (NYSE: ETWO) has released its latest Ocean Shipping Index report, revealing significant increases in global transit times. The report shows that global ocean shipments in Q4 2024 averaged 68 days, an increase of 8 days compared to Q4 2023.
Key findings include major delays in various shipping routes: Asia to Europe (+16 days YoY), with transit time contributing 12 days; South America to North America (+19 days YoY); and Europe to Asia (+11 days YoY). Routes between Asia and South America experienced the longest durations, averaging 85-86 days.
The increases are attributed to multiple factors including geopolitical tensions, Red Sea diversions, port congestion, and labor unrest. The report is based on e2open's network data, which manages over 70 million containers annually across 480,000 connected enterprises.
E2open (NYSE: ETWO) ha pubblicato il suo ultimo rapporto sull'Ocean Shipping Index, rivelando un aumento significativo nei tempi di transito globali. Il rapporto mostra che le spedizioni oceaniche globali nel Q4 2024 hanno avuto una media di 68 giorni, un incremento di 8 giorni rispetto al Q4 2023.
I principali risultati includono ritardi significativi in vari percorsi di spedizione: Asia verso Europa (+16 giorni su base annua), con un tempo di transito che contribuisce per 12 giorni; Sud America verso Nord America (+19 giorni su base annua); e Europa verso Asia (+11 giorni su base annua). I percorsi tra Asia e Sud America hanno sperimentato le durate più lunghe, con una media di 85-86 giorni.
Gli aumenti sono attribuiti a molteplici fattori, tra cui tensioni geopolitiche, deviazioni nel Mar Rosso, congestione portuale e agitazione lavorativa. Il rapporto si basa sui dati della rete di e2open, che gestisce oltre 70 milioni di contenitori all'anno attraverso 480.000 imprese collegate.
E2open (NYSE: ETWO) ha publicado su último informe sobre el Ocean Shipping Index, revelando aumentos significativos en los tiempos de tránsito globales. El informe muestra que los envíos oceánicos globales en el Q4 de 2024 tuvieron un promedio de 68 días, un aumento de 8 días en comparación con el Q4 de 2023.
Los hallazgos clave incluyen importantes retrasos en varias rutas de envío: Asia a Europa (+16 días interanual), con un tiempo de tránsito que contribuye con 12 días; Sudamérica a Norteamérica (+19 días interanual); y Europa a Asia (+11 días interanual). Las rutas entre Asia y Sudamérica experimentaron las duraciones más largas, promediando 85-86 días.
Los aumentos se atribuyen a múltiples factores, incluidos tensiones geopolíticas, desvíos en el Mar Rojo, congestión portuaria y conflictos laborales. El informe se basa en los datos de la red de e2open, que gestiona más de 70 millones de contenedores al año a través de 480,000 empresas conectadas.
E2open (NYSE: ETWO)는 최신 해양 운송 지수 보고서를 발표하며 전 세계 전환 시간이 크게 증가했음을 밝혔습니다. 보고서에 따르면 2024년 4분기 글로벌 해상 화물은 평균 68일로, 2023년 4분기보다 8일 증가했습니다.
주요 발견 사항으로는 여러 배송 경로에서의 주요 지연이 포함됩니다: 아시아에서 유럽으로 (+16일 전년 대비), 전환 시간이 12일 추가되었습니다; 남미에서 북미로 (+19일 전년 대비); 및 유럽에서 아시아로 (+11일 전년 대비). 아시아와 남미 간의 경로는 평균 85-86일로 가장 긴 지속 시간을 경험했습니다.
증가의 원인은 지정학적 긴장, 홍해 우회, 항구 혼잡 및 노동 unrest 등 여러 요인에 기인합니다. 이 보고서는 e2open의 네트워크 데이터를 바탕으로 하며, 연간 7천만 개 이상의 컨테이너를 48만 개의 연결된 기업을 통해 관리합니다.
E2open (NYSE: ETWO) a publié son dernier rapport sur l'Ocean Shipping Index, révélant des augmentations significatives des temps de transit mondiaux. Le rapport montre que les expéditions océaniques mondiales au quatrième trimestre 2024 ont atteint en moyenne 68 jours, soit une augmentation de 8 jours par rapport au quatrième trimestre 2023.
Les principaux résultats incluent des retards importants sur diverses routes de transport : Asie vers Europe (+16 jours en glissement annuel), avec un temps de transit contribuant 12 jours ; Amérique du Sud vers Amérique du Nord (+19 jours en glissement annuel); et Europe vers Asie (+11 jours en glissement annuel). Les routes entre l'Asie et l'Amérique du Sud ont connu les durées les plus longues, avec une moyenne de 85-86 jours.
Les augmentations sont attribuées à plusieurs facteurs, y compris des tensions géopolitiques, des détours en mer Rouge, une congestion portuaire et des conflits de travail. Le rapport est basé sur les données du réseau d'e2open, qui gère plus de 70 millions de conteneurs par an à travers 480.000 entreprises connectées.
E2open (NYSE: ETWO) hat seinen neuesten Ocean Shipping Index-Bericht veröffentlicht, der erhebliche Steigerungen der globalen Transitzeiten zeigt. Der Bericht zeigt, dass globalen Seefracht im Q4 2024 im Durchschnitt 68 Tage benötigten, was einem Anstieg von 8 Tagen im Vergleich zum Q4 2023 entspricht.
Wichtige Ergebnisse beinhalten erhebliche Verspätungen auf verschiedenen Versandrouten: Asien nach Europa (+16 Tage im Jahresvergleich), wobei die Transitzeit 12 Tage ausmacht; Südamerika nach Nordamerika (+19 Tage im Jahresvergleich); und Europa nach Asien (+11 Tage im Jahresvergleich). Die Routen zwischen Asien und Südamerika hatten die längsten Daurationen mit einer durchschnittlichen Dauer von 85-86 Tagen.
Die Zunahmen sind auf verschiedene Faktoren zurückzuführen, einschließlich geopolitischer Spannungen, Umleitungen im Roten Meer, Hafenüberlastung und Arbeitsunruhen. Der Bericht basiert auf den Netzwerkdaten von e2open, das jährlich über 70 Millionen Container über 480.000 angeschlossene Unternehmen verwaltet.
- Extensive data coverage from 480,000 connected enterprises and 70 million containers annually
- Strong market position as provider of critical shipping data and insights
- Significant increase in global shipping times (68 days, +8 days YoY)
- Major delays across key shipping routes (up to 19 days YoY increase)
- Ongoing disruptions from geopolitical tensions and labor issues affecting service quality
Insights
The Q4 2024 Ocean Shipping Index demonstrates E2open's strategic advantage in the supply chain visibility market through its extensive network of 480,000 connected enterprises and tracking of 70 million containers annually. This massive data collection capability positions E2open uniquely in the market, as shipping delays and disruptions increase demand for predictive analytics and supply chain visibility solutions.
The reported global shipping delays present both opportunities and challenges for E2open's business model. The increasing complexity in shipping routes and extended transit times (particularly the 16-day increase in Asia-Europe routes) likely drives higher demand for E2open's SaaS solutions, as companies seek better visibility and predictive capabilities to manage supply chain risks. However, persistent disruptions could also pressure customer retention if shippers face sustained challenges in optimizing their operations despite using the platform.
The company's vast network creates significant barriers to entry through network effects and data advantages. Each shipping delay and route change generates valuable data points that enhance E2open's predictive capabilities, potentially increasing the platform's value proposition to existing and prospective customers. This is particularly relevant as businesses grapple with new challenges like Red Sea diversions and potential U.S. tariff changes.
From an investment perspective, E2open's position as a data provider in this volatile market could drive increased platform adoption and revenue growth. However, the company must demonstrate that its solutions effectively help customers navigate these disruptions to maintain its competitive edge and justify its value proposition in an increasingly challenging market environment.
Latest report highlights ripple effects of ongoing turmoil at key ports as primary cause of extended transit times and booking delays
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
Key takeaways from the latest e2open Ocean Shipping Index report covering the fourth quarter of 2024 include:
-
Actual transit times contributed heavily to YoY duration increases, with
Asia toEurope (+12 days) andSouth America toNorth America (+11 days) routes showing the largest impact. -
South America toNorth America showed significant YoY duration increases, exhibiting the highest YoY increase (+19 days) YoY. This is attributed to prolonged booking processes alongside lengthy transit times, which present major difficulties for shippers.North America toSouth America total time was up five days from the last quarter and 11 days YoY. -
Europe toAsia averaged 83 days overall, an increase of 11 days from the comparable quarter last year, with actual transit time of nine being the most significant contributor to the increase YoY.Asia toEurope averaged 80 days overall, an increase of 16 days YoY, the most significant contributor being actual transit time (12 days). -
Shipping routes between
Asia andSouth America saw an extended average of 85-86 days, among the longest durations globally, with longer transit and booking times as primary drivers. -
North America toAsia shows mixed trends, averaging 85 days from booking to clearing the gate at the final port – down by one day compared to last quarter, but up seven days YoY. - Overall, global ocean shipments averaged 68 days from initial booking to clearing the gate at the final port, an increase of eight days from the duration in Q4 2023 (60 days).
Read the full e2open Ocean Shipping Index for additional data points and insights; view and subscribe at e2open.com. This report is one of several benchmark reports available from e2open to help companies manage increasingly complex and rapidly shifting global supply chains.
About e2open
E2open is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 480,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 16 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.™ Learn More: www.e2open.com.
E2open and “Moving as one.” are the registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250131176447/en/
Media Contact:
5W PR for e2open
e2open@5wpr.com
408-504-7707
Investor Relations Contact:
Russell Johnson
russell.johnson@e2open.com
investor.relations@e2open.com
Corporate Contact:
Kristin Seigworth
VP Communications, e2open
kristin.seigworth@e2open.com
pr@e2open.com
Source: E2open Parent Holdings, Inc.
FAQ
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