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However, there is one area that Asia could do better to show true global leadership: sustainable growth that respects the environment. Asia Pacific is often looked upon as a slow mover for de-carbonization — the one that only follows what is “required” by the West. Making Asia a Leader – One Green Initiative at a Time.
When it comes to executing mode-specific freight moves from origin to destination efficiently, reliably, and cost-effectively, transportation execution and visibility solutions play a critical role. Transportation execution solutions allow shippers to connect to multiple carriers and then tender, track, and pay in the system.
Major tech firms are shifting chip production to Taiwan, South Korea, and Southeast Asia to reduce dependence on China. Freight rates have surged due to increased demand for ocean and rail transport, particularly for industries like consumer goods and industrial manufacturing. Conclusion: A New Reality for Global Trade?
The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. Let me show you why. Understanding the Basics: What is Nearshoring? Reducing bottlenecks in U.S.
Political instability has disrupted transportation corridors. In one case, a consumer electronics manufacturer used AI to reoptimize its supplier base in response to U.S.China trade tensions, proactively shifting production to Southeast Asia and reducing potential cost impacts by double digits.
Radu is the Managing Director Asia Pacific & Europe of Alcott Global and the Global Head of Supply Chain & Logistics Practice. Alcott Global provides Executive Search solutions for the world’s top companies in eCommerce, supply chain, logistics, and tech in transportation. About Radu Palamariu. About Alcott Global.
Reshoring to the US and Europe Accelerating, Now Also Serving CO2 Emission Reduction Objectives by Luc Kremers , Vice President – Asia Pacific, BCI Global Reshoring is accelerating as American and European companies want to de-risk their supply chains from geopolitical developments and supply chain disruptions.
However, at its heart, production in the Asia-Pacific region was severely curtailed for a period of time for issues ranging from the COVID impact on worksites to energy shortages, to port capacity limits. They’re impacting every participant of the business community and they have everyone’s attention.
During the early phases of the COVID-19 pandemic, sectors such as automotive, electronics, and consumer goods experienced severe disruptions due to factory shutdowns and shipping constraints, primarily because of dependence on suppliers concentrated in Asia.
Essential Skills for Supply Chain Leaders in Asia during Pandemic The Asian Institute of Management conducted a study across orgainsations in Asia to identify crucial skills and competencies required by supply chain managers and leaders in Asia.
This includes senior management, government linked and academic positions in a variety of international companies and institutions based in Asia, the US, Europe and Australia. He also holds a degree in Logistics from the Royal Melbourne Institute of Technology and a Master of International Business from the University of Wollongong.
The focus of the transportation suites was on cost mitigation and price negotiation. With the contraction of air capacity and the unprecedented level of imports to the United States from Asia, logistics constraints grew in importance in the pandemic. Delivery: Lowest transportation cost, on-time shipment from shipper’s dock.
This includes senior management, government linked and academic positions in a variety of international companies and institutions based in Asia, the US, Europe and Australia. He also holds a degree in Logistics from the Royal Melbourne Institute of Technology and a Master of International Business from the University of Wollongong.
Since late last year, the Houthis have been attacking ships in the Red Sea, which cargo vessels from Asia have to travel through to reach the Suez Canal. Because going around Africa takes longer, shipping companies have had to add more vessels to ensure that they can transport goods on time and without cutting volumes.
The highlights showed “How can a Digital Cross-Border Platform increase market access for e-Commerce players in Japan & Asia Pacific Region” – we saw how e-commerce has flourished in the ASEAN region – a show case of how Japanese businesses could use this momentum to grow their regional and even global trading activity.
It still takes over 100 days to move a container from Asia to a U.S. At the beginning of June 2022, a 40-foot ocean container cost about $10,000 to ship from southeast Asia to Northern Europe This is compared to about $1,500 for the same route about 2 years ago. There is only so much retailers can do to absorb higher costs.
Transport markets tend towards consolation, which we have observed with the container liners and the emergence of new business models brought about for example by platform aggregators. Asia rising and connected regional platforms. The rise of Asia has contributed to today’s geopolitical tensions and misalignment.
by Martin You – Sales Director for Asia Pacific at E2open. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great Supply Chain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
TRANSPORTATION. Electric vehicles (EVs) are already used as taxis in many large cities in Asia, but expect 2022 to be a year of much market growth. Replacing gas-guzzling, toxic fume-spewing, ear-splitting buses with quiet and clean buses would provide huge benefits to people all over Asia. Courier Fleets. Solar panels.
This is the portion of E2E that is most commonly referred to as “real-time transportation visibility”. Trane ’s Tom France, Vice President, Global Distribution, Logistics and Transportation, recently stressed the need for E2E insight: “Extend visibility as much as you can throughout your supply chain.
It’s having an impact mainly in Europe and Asia. But now ships between Europe and Asia are instead going around the Cape of Good Hope on the southern tip of Africa, which can add anywhere from 10 days to a month of travel time compared to the Red Sea/Suez Canal route. And now on to this week’s logistics news.
During the first six months of 2021, North America, Asia and Europe saw marked growth in shipment volume, with the highest increase seen in May. In June, shipments were up by 32% and 33% for Asia and North America, respectively, compared to January 2021. Global ramifications of port congestion.
The impact has been far reaching, and at Logistics Viewpoints, we have documented many areas of concern, including the impact on manufacturing supply chains in Southeast Asia, the automotive and pharmaceutical supply chains, the high-tech supply chain, and the impact on retail.
The most obvious impact was the disruption of traffic and transportation. The port serves as a gateway for importing vehicles from Europe, Asia, and South America, as well as exporting vehicles to the Middle East, Africa, and other regions. The collapse had several immediate and long-term consequences for the region.
But cross-border trade is an important part of the global economy and much of this trade is in physical goods that must be stored, shipped, transported, and eventually consumed. The decline in transportation costs reduces the volatility index reading but is surely a positive for shippers.
Chris shares his personal story of entering the logistics industry and delves into the intricacies of project cargo, from moving entire assembly lines across continents to navigating the challenges of transporting oversized, heavy, and hazardous materials. The most efficient modes of transport. The best routes. Getting through customs.
Being integrated in the Freightos Enterprise solution offering benchmarking capabilities in combination with different procurement events and being able to book transportation perfectly fits the overall Vision we have in SHIPSTA, but also we in Freightos are believing in.
I recently attended a webinar on need to decarbonize the air transport industry – a very urgent priority ! The “Decarbonizing Air Transport” report shows a tough road ahead for cutting emissions in the airline industry. The “Decarbonizing Air Transport” report shows a tough road ahead for cutting emissions in the airline industry.
Richard is Vice President of Strategic Accounts at Intelligent Audit , a cutting-edge logistics and supply chain technology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes. They have a global presence and serve clients across North America, Europe, and Asia.
In an IDC InfoBrief titled Building the Future of Supply Chains: AI-Driven Orchestration for Asia/Pacific Success, 99.7% of supply chain leaders in Asia-Pacific identified agility as critical to their success.
Customers use their modular, SaaS solutions to route, schedule, track, and measure delivery resources; plan, allocate and execute shipments; rate, audit, and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes.
What does the transportation industry have to do with a global pandemic? Instead, I am referring to the often overlooked — yet very important — role transportation companies can play in preventing global pandemics. With the help of an efficient transportation network that reaches every corner of the world!
For transportation and logistics – the revolution to decarbonize is likewise well underway. Electric Transportation. Another nice thing is that they perform better at high temperatures (nice for Southeast Asia). That is not to say that one could not see the future coming. We are seeing the results slowly but surely.
Yes, we have achieved greater normalcy in transportation. In the spring of 2022, Asia/US ocean container rates resumed pre-pandemic levels and congestion eased in November 2022 into California ports. The ride is uphill, but the visibility is low. What is normalcy?
It is with particular pleasure to chat-up with Katie Kinraid, of BluJay Asia Pacific. What are some of the supply chain challenges that you see Customers face in the Asia Pacific region and how can BluJay solutions help to solve them? Transport management systems are more important now than ever before.
Byron is the Founder and CEO of Zergratran , an innovative and sustainable high-capacity transportation company that is building the world’s first tunnel to expedite shipping goods between the North Atlantic and the North Pacific. Byron Bennett and Joe Lynch discuss the Zergratran story. About Zergratran.
Recently, CEVA Logistics joined the Singapore Changi Airport community in a humanitarian aid project to transport 14,000-kilogram of oxygen concentrators from Los Angeles to Jakarta via Singapore. We want to support and enrich these local communities through what we do best: logistics and transportation services. Acting for Planet.
At the same time, the company expanded its geographic reach by adding an established presence to Asia and Latin America. During his keynote address he stated, “ We’ve heard your need for more digital solutions spanning transportation management, order management, supply chain management, and deeper enablement of technologies like AI.
Many companies are moving to supply chain partners located in North America to reduce supply chain risk, transportation costs, transportation time, and environmental impact. The port congestion and challenges caused by the pandemic highlighted the problem with suppliers from Asia.
Thousands of flights were grounded or delayed at the world’s largest air freight hubs in Europe, Asia and North America. The trucking industry is turning a corner after a prolonged freight recession that succeeded the Covid boom in transportation rate and services, according to logistics executives. Pete Buttigieg, U.S.
A further consolidation of logistics service providers is expected, as asset-based logistics service providers involved in advanced warehousing and transportation require high investments. From global to local and regional sourcing.
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. Making Asia a Leader – One Green Initiative at a Time.
Globally, natural catastrophes are the top concern for businesses in East Asia and the Pacific. Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed. Capacity constraints and transportation delays.
After many years working in Israel, Asia, and Latin America, Erez is now based in New Jersey, USA. Maersk is a Danish shipping company, active in ocean and inland freight transportation and associated services, such as supply chain management and port operation. About Erez Agmoni. About Maersk.
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