Freightos

JUNE 21, 2023

Blog " * " indicates required fields Email * More Resources Home June 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

Negotiating Skills 156

Negotiating Skills Panama Asia Cargo 156

Supply Chain Matters

AUGUST 30, 2023

Background As the month of August comes to a close, we wanted to revisit one of our 2023 Predictions for Industry and Global Supply Chains published at the beginning of this year. As an example, the authors point to Vietnam gaining ground in electronics, apparel and textiles, while Mexico has been increasing U.S. supply chain activity.

Sourcing Strategies 59

Sourcing Strategies Global Price Reduction Vietnam 59

Supply Chain Matters

APRIL 5, 2024

percentage points higher that the December 2023 ending value. along with Vietnam, Thailand and Indonesia. percentage point increase over the average of Q4-2023. with the Q4-2023 quarterly average of 52.2, percentage points higher than the Q4-2023 average of 49.3. The March reading of 50.6 reflecting a 1.3

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Manufacturing Global 52

Supply Chain Matters

OCTOBER 31, 2023

Background As the month of October comes to a close, we revisit one of our 2023 Predictions for Industry and Global Supply Chains published at the beginning of this year. sourcing from China, with a correspondingly rise in import share from low-wage locations, chiefly Vietnam, and regional trade areas, particularly Mexico. ”

Study 59

Study Supply Chain Software Supply Chain Strategy Sourcing Strategies 59

Logistics Viewpoints

APRIL 21, 2023

In percentage terms, Vietnam’s exports grew the most. Meanwhile, Europe’s import of goods from China has remained fairly consistent when comparing the first couple months of 2023 to that same period in 2022. However, China and Singapore’ growth was the lowest among far east countries exporting to the US.

Logistics Network Optimization Software 208

Logistics Network Optimization Software Logistics Supply Chain Planning Software Kenya 208

Supply Chain Matters

DECEMBER 4, 2023

Supply Chain Matters provides a further global supply chain assessment in the highlights and added insights on reported November 2023 global and regional production and supply chain PMI indices. reported for October September, its lowest reading in 2023. China’s non-manufacturing PMI weighted towards services fell to 50.2 in November.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Supply Chain Matters

SEPTEMBER 8, 2023

In a prior Supply Chain Matters Global Supply Chain Assessment commentary earlier this week , we surveyed reported global wide PMI indices for August 2023, along with implications. percent in Q1-2023, after declining by 0.2 Bob Ferrari © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Manufacturing Procurement 52

Manufacturing Procurement Europe Manufacturing Germany 52

Supply Chain Matters

MARCH 1, 2023

Background Our research parent, The Ferrari Consulting and Research Group , recently published 2023 Predictions for Industry and Global Supply Chains ( Available for complimentary downloading in our Research Center ). GoerTek reportedly established operations in Vietnam ten years ago to produce acoustic products for Samsung Electronics.

China 52

China Survey Manufacturing Procurement Sourcing Strategies 52

Resilinc

APRIL 17, 2024

Key countries that businesses are moving to include India, Thailand, and Vietnam. Learn more about nearshoring, reshoring, and other supply chain diversification strategies in Resilinc’s annual supply chain report: Ascension: 2023 Annual Supply Chain Report. What if sole sourcing is the only option?

Sourcing Strategies 58

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 58

Supply Chain Matters

JULY 18, 2023

Investment firm Pimco indicated that countries such as India, Vietnam and Malaysia would benefit from China de-risking sourcing actions. Bob Ferrari © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. We pointed out that in 2022, more U.S. For those businesses located in the U.S.,

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

Supply Chain Matters

MARCH 2, 2023

Supply Chain Matters provides highlights of February 2023 reported global and regional PMI indices which appear to indicate some stabilization within global supply chain networks. The February 2023 Manufacturing ISM® Report on Business® recorded a value of 47.7 The reported 50 value for February was up 0.9 reported for January.

Manufacturing Procurement 52

Manufacturing Procurement Global Manufacturing Optimal Sourcing 52

Supply Chain Matters

JUNE 5, 2023

Supply Chain Matters provides our monthly highlights commentary reflecting on May 2023 reported global and regional PMI indices. The May composite index reading reflects companies continuing to manage outputs to better match demand for the first half of 2023 and prepare for growth in the late summer/early fall period.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Thailand 52

Supply Chain Matters

FEBRUARY 7, 2023

Added Background Developments As noted in a prior posting , Apple CEO Tim Cook has voluntarily asked for total compensation cut for 2023. That has been the case in Vietnam, and the looking glass will be in India in 2023. Further indicated was that sales of the Mac and iPad product segments would likely decline.

Expense Reduction 52

Expense Reduction Price Reduction Cost Reduction Strategies Manufacturing Procurement 52

Supply Chain Matters

NOVEMBER 6, 2023

Supply Chain Matters provides a further global supply chain assessment in the highlighting and added insights on reported October 2023 global and regional production and supply chain PMI indices. reported for September, its lowest reading in 2023. The reported value of 49.5 declined 0.7 percentage points from the 50.2 and Europe.

Procurement Analytics 59

Procurement Analytics Manufacturing Procurement Report Global 59

Logistics Viewpoints

JUNE 20, 2022

In Asia, Vietnam and Bangladesh are more important sourcing locations. This highly automated DC will go live in the second quarter of 2023. VF had committed itself to largely selling goods to consumers in the same region they are manufactured in. VF is also building a new distribution center in Ontario, California.

Agile and Lean Supply Chain 212

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 212

Supply Chain Matters

OCTOBER 25, 2023

This report ties the announcement of the government probes to both the manufacturing contractor services provider’s efforts to help Apple shift the sourcing of components and manufacturing to areas in India and Vietnam. Bob Ferrari © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

Manufacturing Procurement 59

Manufacturing Procurement Supply Chain Design Software Modeling Software Taiwan 59

Supply Chain Matters

NOVEMBER 4, 2022

The S&P Global Vietnam Manufacturing PMI® declined to 50.6 With the Eurozone now declared to be experiencing manufacturing recession, and with global wide manufacturing PMI now reported as two consecutive months of contraction, the prospects for 2023 remain concerning and meaningful for global chain activity volumes. Bob Ferrari.

Manufacturing Procurement 52

Manufacturing Procurement Report Global Manufacturing 52

Supply Chain Matters

AUGUST 3, 2023

Supply Chain Matters provides highlights and perspectives on reported July 2023 global and regional production and supply chain PMI indices. Further indicated were signs of weakness occurring in China , Japan , Malaysia, South Korea , Taiwan and Vietnam. All rights reserved.

Manufacturing Procurement 52

Manufacturing Procurement Global Taiwan Optimal Sourcing 52

Supply Chain Matters

JULY 20, 2022

Our stated belief was that the multi-industry supply chain challenges of 2021 would not abate and would linger in some cases into 2023. The likelihood of a full-blown recession impacting Europe by 2023 is now appears more cogent while prospects for growth of the U.S. economy in 2022 have been ratcheted down to just over 2 percent.

Manufacturing Procurement 98

Manufacturing Procurement Supply Chain Planning Supply Chain Strategy Supply Chain 98

Supply Chain Matters

APRIL 13, 2023

Our commentary reiterated that over the last three years there were reports indicating that Apple was instructing its contract manufacturers to begin evaluating and seeking out new hardware sourcing outside of China , specifically India and Vietnam , with the former garnering the most attention. All rights reserved.

India 52

India Manufacturing Procurement Sourcing Strategies Report 52

The Logistics & Supply Chain Management Society

JULY 16, 2023

We can observe this quite clearly in the growth experienced in countries like Vietnam, India as well as Hungary and Mexico. Some companies have adapted with near and/or off shoring, either due to cost or geo-political challenges.

Risk Management 130

Risk Management Global Price Reduction Inventory Reduction 130

Supply Chain Matters

SEPTEMBER 6, 2023

Supply Chain Matters provides highlights perspectives and added insights on reported August 2023 global and regional production and supply chain PMI indices. Bob Ferrari © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. All rights reserved.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Global Price Reduction 52

Supply Chain Matters

JULY 25, 2022

Our stated belief was that the multi-industry supply chain challenges of 2021 would not abate and would linger in some cases into 2023. The most visible was that of Apple , which influenced its network of suppliers and contract manufacturers to shift sourcing to regions such as India and Vietnam. Mid-Year Assessment.

Sourcing Strategies 59

Sourcing Strategies Manufacturing Procurement Material Savings Predictive Analytics Software 59

Supply Chain Matters

JULY 6, 2022

The industry consensus is that the ongoing chip shortage will extend to 2023. In 2021, Nike experienced discernable production and transportation disruptions for products sourced in Vietnam as suppliers struggled with Covid-19 lockdowns, labor and transport shortages.

Supply Chain Disruption 52

Supply Chain Disruption Inventory Reduction Examples Supply Chain Strategy 52

Supply Chain Matters

SEPTEMBER 13, 2023

An unstated but perhaps other consideration might be the effects of Apple’s ongoing China Plus supply resiliency strategy in sourcing production to other Asian areas such as India and Vietnam , amid increased economic uncertainty and growing manufacturing related employment involving younger Chinese workers. All rights reserved.

Price Reduction 59

Price Reduction Waste Reduction Cost Reduction Strategies Supply Chain Strategy 59

NC State SCRC

DECEMBER 15, 2022

Moreover, Amazon refused even to discuss the situation in good faith with Gilimex, locking Gilimex’s CEO and management team out of Amazon’s headquarters in North Reading, Massachusetts after the Gilimex team had traveled thousands of miles from Vietnam for a meeting.” What happened? Mistakes happen.

Forecasting 52

Forecasting Forecasting Software Inventory Reduction Manufacturing Procurement 52

Vinculum

FEBRUARY 2, 2024

billion in 2023 to $60.63 The ecommerce revenue growth trends of Singapore, Malaysia, Vietnam, Thailand, Philippines, and Indonesia over the period till 2028 all show a growth of over 60%. Ecommerce revenue in Southeast Asia (see Fig.1) billion in 2024. 1 Ecommerce revenue forecast of selected Southeast Asia countries.

Asia 52

Asia Indonesia Thailand Philippines 52

Supply Chain Matters

MARCH 10, 2022

The remarks made to Bloomberg were in the context of the pandemic induced aircraft demand contractions after two years of disruptions and setting the context for 2023 and beyond monthly production rate goal setting. We further cited CMS provider Pegatron ’s announced manufacturing investment in India, and expansion in Vietnam.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain Manufacturing Procurement 52

Supply Chain Matters

OCTOBER 4, 2022

Among the six countries that our research arm monitors in the Developing Economies category ( China, India, Indonesia, Mexico, Vietnam, Thailand ) the average PMI value for Q3 was 52.1, However, report authors indicated that demand increases were generally driven from domestic needs as opposed to export needs. Bob Ferrari.

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Global Trends 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

He has a combined 32 years of research and teaching experience in Australia, Singapore, China, Dubai, Indonesia, Malaysia, and Vietnam. Most recently, he was a visiting professor at NUS-Singapore, MIT SCALE Network – Malaysia, Wollongong-Dubai, Curtin-Australia as well as in Indonesia and Vietnam.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Operations and Supply Chain Management

AUGUST 11, 2023

From EddSurge 8/11/2023 AI is turning things upside down in education these days. He said his favorite moment in the event was at the opening session, where participants said hello, revealing that educators and students had shown up from many countries, including Australia, Canada, Taiwan, Vietnam and many more.

Conference 40

Conference Education Vietnam Taiwan 40

Logistics Viewpoints

MAY 5, 2023

Nearly three quarters (73%) of economists surveyed as part of the World Economic Forum (WEF) Chief Economic Costs Outlook for May 2023 believed that south Asia – especially India – would benefit from recent turbulence in the global economy. The home-goods retailer says in a complaint filed with U.S.

Logistics Network Optimization Software 195

Logistics Network Optimization Software Connecticut Supply Chain Planning Software Price Reduction 195

Supply Chain Matters

JUNE 9, 2023

Background Within our research arm’s January 2023 published advisory, 2023 Predictions for Industry and Global Supply Chains , we included a prediction that manufacturers would seek more direct control and added resiliency of their component or outsourced production supply networks in 2023. Mexico is near the U.S.

Manufacturing Procurement 52

Manufacturing Procurement Expense Reduction Cost Reduction Strategies Resource Reduction 52

Vinculum

JULY 15, 2020

trillion by 2023. eBay is still a major player for used products at cheaper rate or discounted items in the countries like Malaysia, the Philippines, Thailand, and Vietnam. Major Players in Philippines & Vietnam. Today’s shoppers prefer to shop online, and no one can deny this fact. The reasons are manifold.

Asia 52

Asia Indonesia Thailand Vietnam 52

Supply Chain Matters

MARCH 7, 2023

The Altasian Option The Economist magazine in its February 25 th 2023 edition featured a report titled: The Altasian Option- Can Asia’s alternative supply chain steal China’s thunder? © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. Paid subscription required). All rights reserved.

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement China Sourcing 52

Supply Chain Matters

MARCH 21, 2023

GoerTek established operations in Vietnam ten years ago to produce acoustic products for Samsung Electronics and was considering an initial $280 million investment in a new production facility in northern Vietnam. Bob Ferrari © Copyright 2023, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog.

China 52

China Sourcing Strategies Supply Chain Planning Software Manufacturing Procurement 52

Freightera

DECEMBER 21, 2023

Deglobalization will accelerate, and reshoring and localization of manufacturing will continue 2023 has seen a severe freight recession, especially in North America, with significant overcapacity and declining rates for ocean shipping as well. Freightera’s CEO, Eric Beckwitt Gives His Predictions on The Trends in Sustainability in 2024.

Sustainability 39

Sustainability Manufacturing Procurement Trends North America 39