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Ahead of the Curve: How Digitalization Helped Air Cargo Amidst Red Sea Shipping Diversions

Freightos

Schedules were quickly disrupted and capacity shifted to China – Europe and North America lanes to accommodate the longer voyages. These changes made ocean capacity (and empty containers) scarce, sending container rates out of India spiking. Asia air cargo rates increased 43% to N. That reached air cargo quickly.

Cargo 217
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September 6, 2023 Update

Freightos

Visit our Resource Center Weekly highlights Ocean rates – Freightos Baltic Index : Asia-US West Coast prices (FBX01 Weekly) decreased 5% to $1,927/FEU. Asia-US East Coast prices (FBX03 Weekly) were level at $3,079/FEU. Asia-Mediterranean prices (FBX13 Weekly) increased 1% to $2,338/FEU. Though Asia – N.

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Managing cost, quality and traceability in fabricated metals manufacturing

SYSPRO Smarter ERP

The Asia-Pacific region has one of the largest number of fabricated metals manufacturers in the world. Many governments are also offering incentives for manufacturers to invest in energy-efficient solutions. Manufacturers are also increasing automation on the shop floor, partly due to a shortage of skilled labor.

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How is the Logistics Economy Holding Up?

Logistics Viewpoints

Global Manufacturing PMI Global Trade as a Barometer Clearly domestic business activity is much larger than international trade. Manufacturing Purchasing Managers Indexes The J.P. In contrast, the overall manufacturing PMI for the Eurozone was quite weak with Germany and Austria reporting the lowest levels. Source: J.P.

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Tight container market creating capacity issues for shippers

Turvo

The shortage of containers also drives up the cost of new containers, as manufacturers increase their prices in response to strong demand. Containers from Asia were shipped to North America, but due to COVID-19 restrictions, almost nothing moved in the opposite direction. Congested ports due to a reduction in workforce.

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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

Global Manufacturing Output Levels Strengthen Global-wide manufacturing levels as depicted in the J.P. Morgan Global Manufacturing PMI® ended March on an optimistic footing. Of further significance was the March report indication that the rate of growth in global manufacturing output has accelerated to a 21-month high.

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New Balance’s Added U.S. Manufacturing Presence

Supply Chain Matters

The Supply Chain Matters blog highlights this week’s announcement from athletic footwear designer and manufacturer New Balance of the grand opening of this company’s fifth production facility in North America. In a published Supply Chain Matters at the time , we pointed out that despite knowledge that manufacturing shoes in the U.S.