article thumbnail

LTL Industry Trends and Tips for 2022

GlobalTranz

As a result, many shippers are revising their strategy from just-in-time inventory to just-in-case based on the hard lessons of the past two years. Tightened Capacity. Labor shortages will have a lasting effect, effectively reducing capacity for carriers and terminals. Compete for capacity. Consolidation.

Trends 227
article thumbnail

Realties of Declining Global Trade and Transport Rates More Evident

Supply Chain Matters

The Drewy World Container Index , which stood at $9,304 per 40-foot container at the beginning of 2022, was reported as $2,120 by the end of 2002. Vincent Clerc, the new incoming CEO of Maersk indicated to Bloomberg: “ The world is facing a significant inventory adjustment after a period where demand has been absolutely exceptional.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why the West Coast Ports Labor Dispute Matters to Retailers

The Network Effect

Shippers still bear the scars from the disastrous 2002 work stoppage and have countermeasures in-place to avoid major disruption. Even when factoring in an economy that is healthier than a year ago, these numbers suggest retailers are pre-loading Holiday inventory. While it is true that retailers still rely heavily on the U.S.

Retail 181
article thumbnail

Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities. The reason for considering inventory outsourcing stems from the challenges companies face, such as inventory bottlenecks, within their multi-echelon distribution networks.

article thumbnail

Post-pandemic Supply Chains

Enterra Insights

Tan points out, when the SARS, or severe acute respiratory syndrome, epidemic broke out in 2002 and 2003, “China contributed 4% to the world’s GDP. Step 4 : Determine how to ramp up capacity by focusing on sales and operational planning. Step 5 : Book logistics capacity as soon as possible.

article thumbnail

October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. Suppliers continue to have capacity.” The October PMI reported value fell to a three-month low of 48.8,

article thumbnail

November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

contractionary mark for fifteen consecutive months and reportedly the longest sequence of deterioration since the period of December 2000 to February 2002. A continued subdued product demand environment and added caution reportedly led to a decline in overall purchasing activity, lower levels of inventory and improved supplier delivery times.