Supply Chain Matters

SEPTEMBER 17, 2022

A further factor was that air cargo rates are now down upwards of 80 percent because of lower volumes and excess capacity among carriers and commercial airlines. As for the canary, the signal is definitely one of higher added concern and caution. Are holiday forecasts too optimistic?

Cost Reduction Strategies 59

Cost Reduction Strategies Resource Reduction Inventory Reduction Sourcing Strategies 59

Elementum

JULY 18, 2016

A destabilized shipping route drives up costs in more ways than one, but how close are we to a problem that has yet to definitively present itself? of ASEAN’s total trade, set Australia back a good $20M in cargo annually, and cost $270 and $600M in rerouting for South Korea and Japan, respectively, every year. Everything has a cost.

South Korea 60

South Korea China Shipping Australia 60

Logistics Viewpoints

DECEMBER 1, 2020

In line with these pandemic times, while the ASEAN meeting was nominally held in Hanoi, Vietnam, it was a virtual signing ceremony that saw 15 countries in Asia Pacific become part of what is now the world’s largest free trade agreement, representing 30 percent of global gross domestic product and encompassing almost 2.3 billion people.

Japan 130

Japan Australia India Asia 130

QAD

NOVEMBER 10, 2020

South Korea has 71 airports with paved runways, more than half of which can support cargo jets. As of 2019, it has 1,880 vessels, of which 83 are bulk carriers, 86 are container ships, 368 are general cargo ships, and 187 are oil tankers. Its primary export trading partners were China , the US , Vietnam, Hong Kong and Japan.

South Korea 83

South Korea North Korea Saudi Arabia Japan 83