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

Logistics Viewpoints

She also said the company planned to ask workers to return to the office five days a week in 2024. percent drop in annual sales, UPS forecast a 2024 upswing of as little as 1.1 Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. percent in early U.S.

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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares samples of individual prediction snapshots that will be included in our Annual 2024 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month. percent in 2024.

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From Globalization to Glocalization

Enterra Insights

Going forward, companies will need to continue to navigate supply chain disruptions, China risk, and concerns about capital outlays in a rising interest-rate environment.”[2] Parallel changes have occurred in Xi Jinping’s China. Meanwhile, attempts to break free economically from China are likely to be partial, at best.”

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October 25, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. Reports by many major retailers that inventories are now under control is a positive sign for the possibility of a restocking cycle after the holidays if spending holds up. Europe prices (FBX11 Weekly) increased 3% to $978/FEU. Europe – N.

Asia 177
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Pushing the Supply Chain Reset Button

The Logistics & Supply Chain Management Society

This small island is currently in the middle of political tensions between the US and China and represents 90% of the most sophisticated chips, such as those based on gallium nitride and gallium arsenide, which are used in the defense and aerospace sector. The China COVID disruption impact is ongoing creating container and chassis imbalances.

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Global Production Levels Falling At the End of 2023

Supply Chain Matters

Manufacturing job losses were reportedly registered for the fourth consecutive month in December, with cuts noted in China , the Euro area , the U.S. That remains a troubling indicator for added supply chain momentum into the first half of 2024. The pivotal turning point in the inventory cycle is a key factor for initiating a recovery.

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Report That Global Ocean Container Rates on the Decline

Supply Chain Matters

The Wall Street Journal reported this week (Paid subscription or metered view) that ocean container freight rates related to the most active global shipping lanes continue to decline amid what is traditionally considered the peak shipping period leading up to the holiday fulfillment season in the November-December period.

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