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Stock impact report

E2open Ocean Shipping Index Reflects Increase in Cross-Ocean Shipment Transit Times Due to Geopolitical Unrest and Natural Disasters

E2open Parent Holdings, Inc.Class A (ETWO) 
Company Research Source: Business Wire
Latest report finds two-day increase from previous quarter in average global shipment duration across most major shipping lanes AUSTIN, Texas--(BUSINESS WIRE)--E2open Parent Holdings, Inc. (NYSE: ETWO), 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. Report data indicates that despite stability in recent quarters, all major shipping lanes in the index saw duration increases from two to four days for the fourth quarter of 2023, an upward trend that continues in the first month of 2024. Multiple recent global shipping challenges, including a drought in the Panama Canal and the threat of attacks in the Red Sea, have shippers and ocean carriers considering alternate routes that are significantly longer.The e2open Ocean Shipping Index provides shippers with data-driven findings to better an Show less Read more
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