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A ‘Beached Whale’ in the Suez Canal: Stuck Working Capital

NC State SCRC

By now many of you have heard about the “Ever Given”, which has been stuck in the Suez Canal since Tuesday, and is blocking all container ships trying to get through with their cargo. Because procurement executives were so focused on cost, they did not worry about shipment velocity. It may take weeks, by some estimates.

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How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. Ports in the United States, The Netherlands, Britain, France, and elsewhere have reported a drop in cargo volumes ranging from around 5 percent in January to an estimated 25 percent in February.

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Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

The US auto industry is expected to follow suit as stockpiled inventory becomes depleted. European electronic component distributor TTI says it is using air cargo companies UPS, FedEx, and DHL to mitigate the impact of holdups in China. Some US manufacturers, however, have resorted to airlifting supplies from China at a premium price.

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3 Technology Companies Disrupting Shipping

FLEXE

I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. So today and yesterday, there was not enough capacity, cargo was rolled, prices spiked. So I wanted to tell you, why does your cargo get bumped. Why does your cargo get rolled? Until the last minute, your cargo is not confirmed.