The latest update on Air & Sea freight in 2023
We tuned into Flexport’s latest seminar, The State of Trade: Global Trade and The Environment this week to check in on freight trends and impacts for 2023. The team discussed the Net Zero Emissions by 2050 goal for the global energy sector to achieve net zero CO2 emissions by 2050, the challenges we face and actions we can take to help reach this goal.
Shipping and air freight are two of the most common modes of transportation we use for the goods our factories make overseas. They are also two of the most carbon-intensive modes of transportation. This means that shipping and air freight account for a large amount of global warming emissions, which can be harmful to the environment and human health. At ARIES, we’re selective about the freight carriers we use in order to maintain a small carbon footprint.
The challenges involved with reducing emissions from this industry include:
The Impact of Carbon Emissions on the Environment
Carbon emissions are a major contributor to global warming and climate change. They can also have negative effects on the environment and human health.
Carbon dioxide is a greenhouse gas that traps heat in Earth's atmosphere, causing temperatures to rise over time (aka Global Warming).
The Challenges of Reducing Carbon Emissions in the Shipping and Air Freight Industry
The challenges of reducing carbon emissions in the shipping and air freight industry are many. One major hurdle is the high cost of transitioning to sustainable methods, as well as a lack of infrastructure for renewable energy sources. Another challenge is implementing new regulations, which can be difficult when there are so many stakeholders involved.
The Benefits of Reducing Carbon Emissions in the Shipping and Air Freight Industry
As a business owner working with partners in the shipping and air freight industry, reducing carbon emissions is an essential part of our business strategy.
Reduced costs: By reducing your carbon footprint (by forecasting orders further ahead and choosing slower freight options for example), you can cut costs by 10-20% on average. This means that if you were paying $1 million per year for fuel before making adjustments to reduce emissions, then after making those adjustments your annual fuel bill could drop down to around $800-900k per year (assuming no other changes were made).
Improved efficiency: By improving efficiency through better planning and logistics management, businesses can save money by avoiding unnecessary expenses such as extra storage space or trucking fees when shipping goods across long distances--and it also helps them avoid delay. This type of cost savings will allow businesses who operate within this industry sector access greater flexibility when deciding how much inventory they need at any given time.
How Companies Can Reduce Carbon Emissions in the Shipping and Air Freight Industry
In order to reduce carbon emissions, companies can opt for slower freight methods - such as ship freight instead of air freight, that reduce fuel consumption and CO2 emissions.
The Role of Consumers in Reducing Carbon Emissions in the Shipping and Air Freight Industry
By making informed decisions when purchasing products, you can help reduce the amount of carbon emissions in the shipping industry.
Supporting companies that are taking steps to reduce their carbon footprint, such as through green packaging or renewable energy sources.
Advocating for change by contacting your local representatives about climate change legislation and policies that affect your community
The shipping and air freight industry is a major contributor to greenhouse gas emissions, but it can also be a leader in addressing climate change. The need for action is urgent and at ARIES we are mindful to always recommend the least impactful form of freight for our clients.
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