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Judah Levine November 21, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 8% to $1,573/FEU. Europe prices (FBX11 Weekly) decreased 7% to $1,291/FEU.
For the past few years, the air cargo market has greatly benefited from international e-commerce. According to the International Air Transport Association (IATA), 80% of e-commerce is transported by air and makes up upwards of 30% of total air cargo volume. Rethinking supply chains is a reader-supported publication.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. May air cargo volumes continue to rise amid global disruptions. percent in Q1.
For example, Maersk ordered eight 16,000 TEU vessels to be operated on carbon-neutral methanol fuel, while DHL has purchased large amounts of sustainable aviation fuel and ordered 12 all-electric cargo planes. In Europe, more than 500,000 road carriers are in the market, 99% of them with less than 50 employees.
Europe prices (FBX11 Weekly) stayed level at $2,337/FEU. Europe weekly prices fell 1% to $3.71/kg. Europe – N. This effect has been much less apparent for air cargo. Asia-US East Coast prices (FBX03 Weekly) fell 2% to $3,395/FEU. Asia-Mediterranean prices (FBX13 Weekly) increased 5% to $3,082/FEU. China – N.
For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. Exploring alternative shipping routes and modalities, including air cargo, is crucial despite the higher costs.
Just last year many were chartering their own cargo ships to get all these goods to their destinations.) Inbound/procurement teams could view SKUs at facilities with low days of supply, and drill into orders in the yard with low SKUs. All aboard. International suppliers, we are talking to you.)
The 2010 Eyjafjallajökull volcano eruptions in Iceland, for example, caused enormous disruption to air shipments across Western Europe. There was no air freight possible then into Europe,” added Gerald van den Eijnden. The planners could choose to switch cargo from a slow-moving ship to air, for example. Keys to Success.
Automotive News Europe ). In response to the Ukraine invasion, Europe’s wholesale gas price surged by 69%. Natural gas prices in Europe and curbs on exports from Russia and China are expected to keep fertilizer in high demand through 2023, which will lower crop yields. Financial Times). Nikkei Asia ). Supply Chain Dive).
Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Reducing lead times from suppliers can help turn inventory faster, freeing up cash and ultimately satisfying customers.
On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. Image via StarAir.dk). Behind the Maersk shift. One goal, two different motivations.
It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal. The areas that will be deliberated in future articles are ocean shipping market landscape, freight procurement, reliability & visibility and the competitive landscape.
Procurement staff must send alternate sourcing orders. Audio translation permits procurement professionals to communicate with urgency and negotiate solutions more efficiently without the need for third-party interpreters while avoiding lag and momentum loss. Logistics coordinators will need to reroute deliveries.
RELATED CONTENT RELATED VIDEOS Global Supply Chain Management Supply Chains in Crisis Automotive Related Articles Carmakers Are on the Trade-War Front Line as Europe Factories Suffer Lawmakers Seek to Curb U.S. A report by accounting consultancy GMT Research puts BYD’s true net debt at closer to 323 billion yuan, compared with the 27.7
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. Discover the top geopolitical risks set to affect the global supply chain this year. Tom notes, “The U.S.
Robinson Launches Rail Service, Connecting China and Europe. Robinson launching a trans-Eurasian rail freight service between China and Europe. Full block train, single or multiple containers, LCL shipments and oversized cargo are available options. De Beers tracks diamonds through supply chain using blockchain (Reuters).
Intel partners with Rolls-Royce to develop autonomous cargo ships (VentureBeat). As reported by the Wall Street Journal : On-demand rentable trailers could cut the time carriers spend at a shipping site by 25%, said Ties Soeters, Anheuser-Busch’s vice president of logistics procurement in North America.
Europe Face Hurdles to Cut China Reliance for Rare Earths FedEx to Cut Management Jobs by More Than 10%, CEO Says Lawmakers Seek to Curb U.S. trade negotiations with China. trade negotiations with China. “We We can see transparently it’s an issue and we can navigate it,” Keogh said. Reliance on China for Rare Earths Bloomberg U.S.
This has been exacerbated by the recent blockage of the Suez Canal by The Ever Given cargo ship. Domestic factors also play a role – fuel prices, minimum and national living wages have risen, and Brexit has added additional costs to goods entering the UK and to companies exporting to Europe.
Europe prices (FBX11 Weekly) stayed level at $2,337/FEU. Europe weekly prices fell 1% to $3.71/kg. Europe – N. This effect has been much less apparent for air cargo. Asia-US East Coast prices (FBX03 Weekly) fell 2% to $3,395/FEU. Asia-Mediterranean prices (FBX13 Weekly) increased 5% to $3,082/FEU. China – N.
Negotiation, a crucial skill in the realms of business and procurement, demands the ability to remain calm, collected, and confident even in the most challenging situations. These films were chosen to inspire and educate both aspiring negotiators and seasoned procurement managers.
ranks below many other countries including China and Europe in the area of port automation. Further noted was a statement from the CEO of the Long Beach terminal operator indicating that the automation plan aims to move twice as much cargo with the same workforce. A published report by Business Broadcasting Network CNBC titled: U.S.
Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Europe prices (FBX11 Weekly) increased 18% to $1,249/FEU. Europe weekly prices fell 2% to $4.21/kg.
Judah Levine January 30, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 38% to $4,099/FEU. Europe prices (FBX11 Weekly) fell 1% to $5,456/FEU.
Judah Levine November 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,613/FEU. Europe prices (FBX11 Weekly) fell 6% to $1,211/FEU.
Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU. Europe prices (FBX11 Weekly) increased 3% to $1,243/FEU.
Judah Levine January 16, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 5% to $2,588/FEU. Europe prices (FBX11 Weekly) increased 8% to $4,757/FEU.
The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today. With AI in forecasting, not only is the number of full containers clearer, but an estimation of available empty containers is also procured.
More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue. Europe prices decreased.
Judah Levine December 13, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $1,603/FEU. Europe prices (FBX11 Weekly) climbed 18% to $1,466/FEU.
Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU. Europe prices (FBX11 Weekly) were also level at $1,467/FEU.
Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU. Europe prices (FBX11 Weekly) increased 11% to $1,381/FEU.
Judah Levine January 10, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 60% to $2,713/FEU. Europe prices (FBX11 Weekly) increased 176% to $4,391/FEU.
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. and Europe than the other way round.
As part of the restructuring, FedEx has been implementing a workforce reduction of 2,000 persons in Europe, announced last June, which will lead to about $150 million in annual savings by fiscal year 2027, CEO Raj Subramaniam said. The retirement last quarter of 12 cargo jets is also intended to help on the cost front. Increased U.S.
In Western Europe, Brexit has had an adverse effect on trade, creating volatility and weakening the British pound. Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. Procurement departments must take the full burden of ensuring supplier consistency. Political and Government Changes.
Bindiya Vakil ( @BindiyaVakil ), Resilinc CEO, notes, “Supply chain, sourcing and procurement professionals are on the front lines of managing global trade risks for their companies. Cargo caught up in industrial unrest : “Strikes, overtime bans, or work-to-rule can affect any transport mode, almost anywhere in the world.
With the global auto industry heavily reliant on components from China, many assembly plants in Europe have had to shut their doors and send workers home. European electronic component distributor TTI says it is using air cargo companies UPS, FedEx, and DHL to mitigate the impact of holdups in China. The Auto Industry.
She has already served in an international procurement management program with Volkswagen and built a procurement department from scratch with Porsche Design. She is now part of J&J's capital, construction and facilities services global procurement team for Europe, the Middle East and Africa. Media Image. Media Type.
Judah Levine February 22, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 1% to $4,889/FEU. Europe prices (FBX11 Weekly) fell 2% to $4,587/FEU.
Judah Levine December 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $1,659/FEU. Europe prices (FBX11 Weekly) increased 11% to $1,621/FEU.
Judah Levine February 13, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 11% to $4,859/FEU. Europe prices (FBX11 Weekly) fell 8% to $4,697/FEU.
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