CFODive
May 13, 2024
Chris Gaetano
Generally, shipping prices have eased considerably since 2021, according to Ashutosh Dekhne, the supply chain and operations practice leader at Big Four accounting and consulting firm Ernst & Young. However, prices are starting to climb, he noted.
Josh Allen, chief commercial officer with ITS Logistics which provides fulfillment services, confirmed shippers are planning price increases this year and beyond.
“You will see incremental gains in price, but I don’t think it will be a hockey stick,” he said. With this in mind, he said CFOs need to be thinking not just about 2024, but 2025 and even 2026.
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