Ocean Freight Rates Drop Easing Costs for Ecommerce Sellers
Ocean freight rates have plummeted, with the West Coast US route hitting a two-year low, down by as much as 80%. Decreased demand from Europe and the US is the primary driver, presenting both opportunities and challenges for cross-border e-commerce sellers. Preparing for the peak season by capitalizing on favorable ocean freight conditions is crucial. However, sellers should be wary of the impact of the Inflation Reduction Act and flexibly adjust their business strategies to stand out in the fierce competition.
