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Cargo ships avoiding Houthi attacks in the Red Sea face a different kind of delay-causing threat as they go around the southern tip of Africa: storms and 30-foot swells. Lidl also shared that it had identified 11 critical raw materials and committed to setting responsible sourcing targets for each group of items.
I’ve worked in the supply chain for 30+ years, working for major retailers including Kmart, Michaels and Five Below, as well as on the 3PL and logistics side with companies including FedEx, where I was Vice President of GlobalTransportation, and UPS, where I worked as Vice President of Supply Chain Design. Image source: Bloomberg.
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. However, the biggest pain point for these global supply chains is the one that seems inescapable – transportation costs.
In a prior published commentary, we provided highlights of March and Q1-2022 global production indices along with their implications. We now add highlights of March and Q1-2022 key globaltransportation and logistics indices. Supply Chain Matters Additional Insights. All rights reserved.
Demands on the transportation teams are growing as political posturing ramps up causing rapid disruption to global supply chains. A global TMS solution provides an automated and systemic way of addressing the challenges that are the reality for most organizations that sourceglobally. Execution Control.
Labor and Transportation Disruptions are Up Resilinc data shows labor disruptions were up 107% year-over-year. Faced with inflation, layoffs, and long hours, transportation employees are taking action in the form of strikes and protests. On February 17, more than 1300 flights were canceled by Lufthansa Group in Germany due to strikes.
With any kind of widespread health outbreak, global importers and exporters are dealing with unpredictable logistics concerns that require a proactive approach to keep business running as usual. . We also continue to see several airlines cancelling flights in and out of China which can have impact to cargo capacity.
It’s not too late to get your product to store shelves in time for Black Friday, thanks to the swift performance of air cargo service. With significantly shorter lead times than other modes, air cargo can get your product to market in as little as a day. Understand the metrics of air cargo: time and money.
Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. It started in 1969 as DHL Air Cargo, and by the late 1970s, the company had expanded its operations and offered services throughout the world. Read on to learn more about the top revenue-earning 3PL warehousing companies in 2020.
When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). Cargo can enter the country via East coast or West coast ports depending on variables such as the type of product being shipped. New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC.
Outlook for the Remainder of Year We especially call our readers’ attention to today’s published report by the global business broadcasting network CNBC. With global demand and production levels contracting over most of 2023, there were multiple opportunities to negotiate lower contract prices.
Added safety and health protections, to include vehicle air conditioning and cargo ventilation in all larger delivery vehicles, sprinter vans, and package cars purchased after Jan. All existing delivery vehicles will be equipped with two fans and air induction vents in cargo compartments.
Specifically stated: Shipping lines with rather rich cash balances from multiple years of windfall profits will likely continue with their efforts toward horizontal integration of either port, land or air cargo services, or electronic brokerage or third party logistics services.
Since the protests began, over 1,000 trains have been cancelled, train stations and cargo trains have been burned, and other public properties have been damaged. The army was called in and curfews were imposed, but the impact of the riots remains.
Singapore’s status as a globaltransport hub makes it naturally suited to hosting freeports, with over 100 airlines accessing its airport and 200 shipping lines passing through its port Singapore’s freeport Singapore was established as a freeport in 1819. Freeports in the United Kingdom: Why are they in the news?
In Part Two of this blog series , we provided highlights our third prediction, that supply chain management teams will continue to exercise more direct control of direct materials sourcing, and these efforts will be a prominent element of business strategy for CSCO ’s and CPO ’s this year. billion relative to its initial 2023 business plan.
The Supply Chain Matters blog highlights February global manufacturing and supply chain indices and challenges relative to product demand and supply network imbalance levels in the first quarter of 2022. In February, a new Stage I Measure was introduced, which tracks that average period from cargo ready to origin port departure.
The Wall Street Journal reported this week (Paid subscription or metered view) that ocean container freight rates related to the most active global shipping lanes continue to decline amid what is traditionally considered the peak shipping period leading up to the holiday fulfillment season in the November-December period.
They serve regional markets and are unlikely to receive large volumes of cargo headed to the battleground region. Source: Boston Consulting Group. Neutral or Unclear: Baltimore, Miami, and other East Coast ports. These ports will probably see similar traffic levels to those before canal expansion.
They serve regional markets and are unlikely to receive large volumes of cargo headed to the battleground region. Source: Boston Consulting Group. Neutral or Unclear: Baltimore, Miami, and other East Coast ports. These ports will probably see similar traffic levels to those before canal expansion. Authors include: Steve Raetz from C.H.
export commodity base is a diverse mix of goods and is well balanced across many commodity segments and cargo values. Overseas labor and production costs of similar goods exported from the United States are increasing, making exported goods more affordable compared to offshore sourcing streams. A Diverse Mix of Goods is Driving U.S.
Accordingly, significant volumes of ocean cargo shifted to earlier sailings than normal, disrupting typical volume trends in the third and fourth quarters of 2018. This shows importers are shifting their sourcing locations to countries other than China. Normally, we see a rush in ocean shipping just before the Chinese New Year (CNY).
The most significant news in globaltransportation and logistics circles late last week and this week are U.S. But shipping industry sources now indicate that negotiations deteriorated last week over the scope of expected dockworker wage increases. Dockworkers, truckers, rail and warehouse workers in Europe, Asia, and the U.S.
Washington farm exports crimped by cargo-container shortage. Globaltransportation is at the forefront of sustainability efforts. The effort would raise $5 billion through “mandatory contributions” by containership companies in a push to decarbonize the maritime transport sector. HelloFresh boxes sustainability.
He explains, “Much of the conversation around supply chain sustainability today focuses on the localization of sourcing, to cut down on emissions caused by moving product over long distances. ”[7] He adds, “The issue of sourcing invariably gives rise to the key question: Sourcing of what? Finished goods?
Globaltransportation—like many industries—has faced unparalleled disruptions over the past year. Many of our global shipping customers are up against the clock with Chinese New Year (CNY) approaching, while also navigating potential changes from a new U.S. administration. Demand and disruption in air shipping.
One is a rather significant acquisition announcement that has the potential to change the globaltransportation and logistics landscape. maritime transportation, state of the art warehousing, logistics and air freight capabilities. The other is an announced four year investment in U.S. are reportedly part of this investment.
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