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This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Soft demand in Europe and the US led to an overall decline of 7.5 Teradyne , a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S.

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Molex Prizes Agility

Logistics Viewpoints

The fact that most manufacturers struggled to achieve supply chain agility during COVID is not news. Molex has more than 80 manufacturing facilities around the world supported by an 18,000 strong supplier eco-system that provide raw materials, electronic components, and services. The Molex Supply Chain.

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Report That Global Ocean Container Rates on the Decline

Supply Chain Matters

The sub-text of this report is that much of the cargo that has been planned for either back-to-school, fall, and holiday related fulfillment is either in-transit or mostly already arrived at warehouses. A container shipment from China to Europe is down 42 percent. Added Perspectives.

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FedEx’s Sudden Financial Miss- What Are the Implications?

Supply Chain Matters

One equity investment firm indicated that the shortfall in operating income for Express business was over 75 percent lower than forecasted. A further factor was that air cargo rates are now down upwards of 80 percent because of lower volumes and excess capacity among carriers and commercial airlines. Added Perspectives.

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When it Comes to Ocean Shipping, We Have to See Beyond Today’s Squalls and Plan for the Long Term

Logistics Viewpoints

Every day has felt like a major squall, from natural disasters closing down manufacturing facilities and ports, to container shortages and labor issues, to rising costs and the ongoing pandemic. Insist on state-of-the art forecasting and decision tools. It’s an apt metaphor for ocean shipping these past many months.

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Increased Demand and Reduced Capacity Prove a Challenge for Air Freight Market

CH Robinson Transportfolio

Airlines have adapted to the changing market by introducing cargo only flights, with minimal schedules to keep global trade moving. Similarly, forwarders have adapted to the changes, while maintaining good communication and forecasting with their customers. The market has been impacted at varying levels. Finding strategic solutions.

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. This causes a misalignment of actions, such as suppliers not making the right item at the right time due to forecast inaccuracy. These are three examples: Rule 3.1: