Remove Asia Remove Cargo Remove Manufacturing Remove Sourcing
article thumbnail

Global Supply Chain Disruptions: Covid-19’s Ripple Effect Continues + 5 Changes Needed for 2022

ToolsGroup

The problems we are experiencing now started in March 2020 when COVID hit and suppliers in Asia shut down. . When capacity was cut, so too was the empty supply of containers back to Asia. Image source: Bloomberg. Labor shortages , impeding the ability to get cargo unloaded, loaded, or moved. Let me bring that to life. .

article thumbnail

High freight costs for importers means higher price tags for consumers

Freightos

However, since buying goods manufactured primarily in Asia increased so significantly, demand quickly outpaced supply. For example, if we look at recent peak seasons, the cost of shipping a 40’ container from Asia to the US West Coast in September 2019 was $1,437 according to the Freightos Baltic Index (FBX). Start shipping now.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Using Technology to build Sustainable Supply Chains

The Logistics & Supply Chain Management Society

Sustainability is definitely coming of age in Asia. In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supply chain operations, will increase their revenue by 20 percent in 2025. As driving greater sustainability is a key factor in reducing risk.

article thumbnail

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

The effective shutdown of industrial activity in Wuhan, China — ground zero for the virus – presented particularly difficult problems for manufacturing firms worldwide, many of which had come to depend on materials, components and finished goods made in China. A retailer will have empty shelves.

article thumbnail

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.

article thumbnail

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

Supply Chain Matters

In addressing this quarterly shortfall, newly appointed FedEx CEO Raj Subramaniam pointed to the following factors: A $500 million shortfall for the Express business unit as a result of unexpected volume weaknesses experienced from Asia and European shipment activity. Added Perspectives.

article thumbnail

This Week in Logistics News (July 3 – 9)

Logistics Viewpoints

Prime Minister Yoshihide Suga said it was essential to prevent Tokyo, where the highly infectious Delta COVID-19 variant was spreading, from becoming the source of another wave of infections. As a result, the Olympics will take place without spectators. Notably, the 767 is around 30 percent more efficient than the MD-10s that were phased out.