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Meanwhile, Europe accelerates its hydrogen transition, digital product passports gain traction for compliance, and a high-stakes egg heist underscores the fragility of food supply chains. From the U.S. Lets dive into the biggest stories impacting businesses and consumers alike.
Europe prices (FBX11 Weekly) increased 17% to $2,757/FEU. Europe weekly prices increased 4% to $3.75/kg. Europe – N. And carriers are planning mid-month GRIs and PSSs for Asia-Europe and other lanes, largely due to capacity being shifted from these lanes and several others like LATAM trades to the transpacific.
Meanwhile, Europe accelerates its hydrogen transition, digital product passports gain traction for compliance, and a high-stakes egg heist underscores the fragility of food supply chains. From the U.S. Lets dive into the biggest stories impacting businesses and consumers alike.
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. shipping containers and stacking them up to six high.
Industry news sources like Journal of Commerce , Loadstar and FreightWaves also provide great coverage. Robinson , two other major freight forwarders are also great sources for updates across modes, with DB Schenker maintaining an updates page and C.H. COVID-19 Top Forwarder Supply Chain Resources. Bolloré Logistics. CargoCentric.
We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis. Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates.
The port handles about 11 million tons of cargo per year, including automobiles, containers, coal, and farm products. For example, a redundant supply chain may have safety stocks, contingency contracts, multiple sourcing, and diversified networks to ensure the availability and continuity of supply.
In September 2022, Macy’s rolled out its first-ever wood-sourcing policy for its furniture sales after more than 150 years in business. It requires the use of responsibly sourced wood or recycled or reclaimed materials. Instances of cargo theft increased markedly in 2022, driven in large measure by thieves using fictitious pickups.
28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Automotive News Europe ). In response to the Ukraine invasion, Europe’s wholesale gas price surged by 69%. Image source: Financial Times.
Walmart announced that it will pilot agriculture technology with crop supply intelligence company Agritaskto get real-time information on crops and improve sourcing decisions around produce. The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines.
Thousands of flights were grounded or delayed at the world’s largest air freight hubs in Europe, Asia and North America. The canal is a key source of revenue for the government of Egypt, and it is one of the country’s top earners of foreign currency. Secretary of Transportation Pete Buttigieg broke ground on a $1.6
Just last year many were chartering their own cargo ships to get all these goods to their destinations.) By integrating order data, load information across modes, yard shipments and the like, internal departments can turn to a single source of the truth and more accurately manage various aspects of the lifecycle.
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.
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. The measure has surged 53.5 percent since the first week of May.
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.
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.
Likewise, labor can’t do its thing when there are severe equipment shortages, and rectifying those shortages requires difficult-to-source raw materials. It was recently reported that one of the world’s biggest container logistics companies, Maersk, will only handle cargo from direct shippers, cutting out freight forwarders.
Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations.
February 2023 saw supply chain struggles continue across Asia and Europe due to dwindling energy supplies, ongoing effects of COVID-19, high inflation, and more. Per the contract, Eni will deliver one LNG cargo per month between 2017 and 2032. Alternative energy sources such as wind and solar energy will take precedence.
There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. For fast moving products, they use the production facilities in Europe.
If you prefer to find the news yourself, head over to our free roundup of nearly 100 digital logistics and supply chain news sources. Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. CARRIERS & CARGO BRAVE NEW ROUTES.
The Associated Press reports, “Canal authorities attributed the drought to the El Niño weather phenomenon and climate change, and warned it was urgent for Panama to seek new water sources for both the canal’s operations and human consumption. In January Panamanian authorities slashed Panama Canal ship crossings by 36%.
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
Hard to Reach Rural Drones currently provide the most value to areas that have either poor infrastructure, such as rural Africa, or have geographic constraints, such as mountain communities that prevent efficient cargo delivery. This is all great, but not exactly life-changing.
This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs. East Coast ports, even though most cargo from Asia to the East Coast typically travels across the Pacific and through the Panama Canal.
Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published. Improved cargo capacity by innovative 40 foot container design (fold). North Europe only. Really hot.
And this global trip isn’t just for sightseeing – leading companies find that a diversified sourcing base and far-flung manufacturing can help cut production costs, increasing the bottom line. No matter how much can be saved from sourcing globally, transportation costs continue to creep in to seriously affect a product’s profit margin.
Check out our roundup of nearly 100 digital logistics/supply chain sources. This initiative (to promote connectivity and cooperation amongst countries along land-based and maritime China-Europe routes, with benefits even spreading to other regions) is hot. OUR TAKE A tonic for the (following) Carriers & Cargo section.
Source: [link]. 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. Happy Mother’s Day to all moms, for everything you do.
The airline’s cargo division in April announced it was adding three weekly all-cargo flights to Shenzhen, China, and two weekly flights to London Stansted Airport via its Abu Dhabi hub to meet growing demand on key trade lanes. Only four of its 17 MD-11 cargo jets are currently in service, according to aircraft databases.
Click the button on the right to see our sources. SEE CALCULATION × Sources for Freight Emissions The following facts are from disparate sources, but tell a consistent story. International shipping share of global GHG emissions: 2.5% (cargo ships are 67% of the world’s fleet). and Green Freight Europe.
History of Alliances in Container Shipping Source: Port Economics, Management and Policy What are Global Shipping Alliances (GSAs) in the shipping industry? The alliance was formed in 2014 and covers major shipping routes between Asia, Europe, and North America. How alliances in the shipping industry might impact shippers?
The huge build-up of containers at China’s docks has created a major ocean freight imbalance, with a shortage of cargo in US and European ports and a shortfall in boxes needed by Western exporters to ship products to other parts of the world. percent slump in exports from Europe. percent slump in exports from Europe.
We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis. Similarly, our Freightos Air Index (FAX) offers the same level of insight for air cargo rates.
It is impossible to source products for a response when there is no standardization or specification! Complexity is the enemy of quick response, so it is critical that companies seek to reduce sourcing complexity. This allows you to divert production and shipments to alternative suppliers, and reduce dependency on a single source.
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.
Sourcing raw materials from Asia, coordinating freight with European logistics providers, or navigating distribution networks in the Americas cross-border operations rely on effective communication to make them happen. Procurement staff must send alternate sourcing orders. Logistics coordinators will need to reroute deliveries.
Let’s hope the company has better luck in Europe delivering packages on-time next holiday season. This live and predictive analytics platform filters through news sources (including Lloyd’s Maritime, CNN, and more), blogs, social media (ex. Vestager said. FedEx expects the deal to close by June.
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.
Top View Cargo containers ship logistics transportation Container Ship Vessel Cargo Carrier. A new report from the industry association E-commerce Europe found that there was a 15% growth in 2016 and the industry is predicted to be worth €602 billion by the end of 2017. Political Landscape and Cross-Border Regulatory Change.
His detailed written record paved the way for future traders and merchants traveling between Europe and China. Just 14 years later, the first air cargo flight took place in 1910. ”[7] Even back then, food, spices, salt, and other goods had to be sourced and moved. Keep up the good work. 4] Scott G.
cities have launched Smart City Logistics innovations and protocols, following the lead of Europe and Asia. ? Supply Chain Innovators of 2013 : paperless food chain, VLMs, cold chain fleet management, and more. Warehouse Automation. Media Type. Privacy Settings. anonymous user. DataTable subpages. Media Image. transactionID. Media Type.
The attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea have caused several major global shipping and oil companies – including Maersk and British Petroleum (BP) – to suspend shipments and halt operations in the area.
To mitigate the investment and production loss in Tianjin, JLR has planned new production centers in continental Europe and South America. Other insurers across the United States, Europe, Bermuda and Asia also took a hit close to US $2 billion. Tianjin is considered the fourth largest global port in terms of cargo throughput.
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