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Middle East Update – Ongoing Monitoring and Operational Adjustments In light of recent developments in the Middle East, Maersk has resumed vessel calls and cargo acceptance to the Port of Haifa following a period of temporary suspension. According to AAPA, air cargo demand in Asia-Pacific rose 4.9% Globally, IATA reported a 5.8%
Washington has come to basic terms on trade deals with China, Vietnam, and Great Britain. However, there are still trade tariffs impacting how companies move their cargo, particularly between the U.S. Visibility has worsened and trade barriers have increased since the U.S. Ocean container rates from China to U.S. in June, 2021.
seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment. US port operators seek to mitigate hefty expected tariffs on China-built port cranes U.S.
Here are some strategies that can help your brand stay ahead: Implement Multi-Sourcing Strategies The trade war has exposed how depending entirely on a single manufacturing source can become a huge liability for brands. ports can halt cargo for days or weeks. Delays at major U.S. container freight station (CFS).
European truckmakers tackle rare-earths bottleneck with stockpiling, supply chain shifts European truckmaker Volvo Group has been seeking alternative sources of rare earths and Daimler Trucks has been building inventories to deal with supply issues linked to Chinese export curbs, saying lessons had been learned from the chip crisis.
Tariff truce will not spark cargo boom at busiest US seaport, executive director says The head of the busiest U.S. Exclusive: China's CMOC calls on Congo to lift cobalt export ban, sources say China's CMOC Group (603993.SS) Thai cabinet approves $4.7 bln funding to counter U.S. auto market.
He was a mentor to many and a source of inspiration to all. billion enterprise with the largest air cargo fleet in the world. In 1977, FedEx purchased seven Boeing 727 aircraft, each with a cargo capacity of 40,000 pounds – almost seven times that of the Dassault Falcon. In 1989, FedEx purchased cargo airline Flying Tigers.
US demand for China-made goods ebbs on tariff worries; ocean shipping rates drop Rates for shipping cargo containers from China to the U.S. tariffs disrupt the fast-fashion industry that relies on imports of low-cost clothes from China, Vietnam, and other Asian countries.
When duties render traditional sourcing unprofitable, companies must reconfigure supplier networks, often under tight timelines. This was evident in the apparel industry, where brands such as Nike faced delays after tariffs on Chinese textiles prompted a shift to suppliers in Vietnam and Bangladesh. Nearshoring and Reshoring U.S.
cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear. China to US ocean cargo bookings surge after tariff pause, Vizion says U.S. retailers including Walmart (WMT.N)
In any case, the reduction in US sourcing from China for the last few weeks will start to be felt soon in fewer May container ship arrivals and lower import volumes. The pause is also raising concerns over what will happen if US tariffs on China are reduced and volumes quickly rebound.
The 90-day pause on those tariffs alongside the escalation of US trade hostilities with China however, mean that while shipments out of China remain paused, many of those sourcing from other Asian countries have already started increasing their orders again in an effort to get ahead of possible tariff resumptions in July.
For retailers, US-Vietnam trade deal leaves questions A trade deal announced by the U.S. and Vietnam creates new question marks for sportswear and clothing retailers like Nike and Adidas that source shoes and clothes from factories in the Southeast Asian country, industry experts said on Thursday. They tried Made in the USA.
Studying economics at Yale, Smith’s 1965 term paper pitched the idea of creating a logistics company that would carry only cargo, and do so for a package’s end-to-end journet, such that a package could be delivered almost anywhere in the US overnight. Click here to send us your comments The story is well known.
and Vietnam have been far short of comprehensive, leaving many details unclear. Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. Most of the tariff rates, however, were largely in line with what Trump had already announced the nations were likely to face.
Dockworkers, Port Employers Set to Restart Talks Bloomberg Vietnam Inks Deals to Buy $3 Billion U.S. has begun shipping commercial jets to China for the first time since early April, indicating a reopening of trade flows despite the long-simmering tariff war between the U.S. and Asia’s biggest economy. and Asia’s biggest economy.
You can check out our 2025 air cargo outlook here , or catch our recent 2025 Ocean and Air Outlook webinar here. Tariff increases could also mean some shift in container volumes away from China and toward alternatives like Vietnam and India.
Apparel and footwear production hubs in Asia, including China and Vietnam, face elevated tariff rates as the White House pushes for new trade deals. The company and its retail peers are trying to manage supply chains that have been upended by U.S. President Donald Trump’s trade wars.
One-third of respondents (33%) paused shipments entirely, while 29% are exploring alternative sourcing options outside of affected regions. Interestingly, while rates from China have declined, prices from Taiwan and Vietnam have remained elevatedlikely reflecting importers’ rapid pivot to alternative sourcing markets.
Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It is also airlifting parts from China to its Vietnam operations. The Food Industry. It takes time to turn a moving ship around, though, so this will not happen immediately.
Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. And, according to some analysts, things could get worse—a whole lot worse! Best Regards, Rob O’Byrne.
A country of continued optimism remains that of Vietnam , which has been the go-to country for businesses seeking to manage supply network risk exposure in China. The IHS Markit Vietnam Manufacturing PMI® rose again to a level of 54.3 Inflationary pressures reportedly remain a concern. for February, up from 53.7 reported for January.
Strategies include sourcing more items directly from manufacturers to improve margins, SKU rationalization and space reduction, “show more carry less” and assisted-store ordering. About 40% of VF Corp’s production is sourced from the Americas, more than double the industry average. million items each day.
It is them who actually transfer your cargo from point A to point B using their drivers and assets (trucks, warehouses, etc.). They have a large coverage and offer services in China, Hong Kong, Indonesia, India, Taiwan, Vietnam, Bangladesh, South Korea, Sri Lanka, and Malaysia. The full green circle: Yes or Complete. on Trustpilot.
It is them who actually transfer your cargo from point A to point B using their drivers and assets (trucks, warehouses, etc.). They have a large coverage and offer services in China, Hong Kong, Indonesia, India, Taiwan, Vietnam, Bangladesh, South Korea, Sri Lanka, and Malaysia. The full green circle: Yes or Complete. on Trustpilot.
This should serve as a general framework to source products from different countries according to their strengths. For example, China for just about everything that can be made, Vietnam for clothing and shoes, and Bangladesh for garments. We’ve got a great guide on sourcing products from China , for example.
This should serve as a general framework to source products from different countries according to their strengths. For example, China for just about everything that can be made, Vietnam for clothing and shoes, and Bangladesh for garments. We’ve got a great guide on sourcing products from China , for example.
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. Revenues for the FedEx Ground unit, this carrier’s engine of E-Commerce last-mile fulfillment, came in at $300 million below forecast.
Customers of maritime shipping firms not only want to protect their goods they also want to avoid higher insurance and additional shipping surcharges for cargo transiting the Red Sea. What alternative sources of supply are available for the essential resources? End-to-end transparency plays a central role in taking proactive measures.
In any case, the reduction in US sourcing from China for the last few weeks will start to be felt soon in fewer May container ship arrivals and lower import volumes. The pause is also raising concerns over what will happen if US tariffs on China are reduced and volumes quickly rebound.
The 90-day pause on those tariffs alongside the escalation of US trade hostilities with China however, mean that while shipments out of China remain paused, many of those sourcing from other Asian countries have already started increasing their orders again in an effort to get ahead of possible tariff resumptions in July.
This trend was apparent in the increases in US trade with Mexico and Canada, and with alternatives in Asia like Vietnam, India, Taiwan and Bangladesh at the expense of Chinese imports to the US which declined from 20% of total US imports in 2018 to 13% in 2024.
And while the tariffs on China pushed many importers to other Asian sourcing partners since the previous trade war, this time many of these alternatives are subject to steep duties as well. Many other countries, including Vietnam, are actively trying to negotiate a resolution instead.
Pacific shipping patterns had already been upended by the Trump administration’s trade battles with China, as importers raced to bring goods in before new tariffs bit and diversify their sources of supply. Then Covid-19 hit, first closing factories in China and then scrambling US consumers’ buying patterns.
It is standard procedure to unload some Mediterranean-bound ships and use the Sumed pipeline to move the excess cargo. billion of its total revenue in the fiscal year 2014, placing it as the third-largest source of income in the nation. billion tons of cargo (as of 2020). meters in 2008 as opposed to 22.5 meters in 2001.
One-third of respondents (33%) paused shipments entirely, while 29% are exploring alternative sourcing options outside of affected regions. Interestingly, while rates from China have declined, prices from Taiwan and Vietnam have remained elevatedlikely reflecting importers’ rapid pivot to alternative sourcing markets.
This trend was apparent in the increases in US trade with Mexico and Canada, and with alternatives in Asia like Vietnam, India, Taiwan and Bangladesh at the expense of Chinese imports to the US which declined from 20% of total US imports in 2018 to 13% in 2024.
The levels of these tariffs will depend on the foreign tariff rates for US exports and so will vary, but the list of the top 15% aside from China, Mexico, Canada and the EU includes ostensible alternative sourcing partners like India and Vietnam as well. In addition to China, this list could include Singapore, Vietnam and India.
But the threat of these tariff increases continues to impact global trade both by accelerating the shift of US sourcing away from targeted countries like China, and by pushing shippers to pull forward orders from those that could face tariff hikes soon, including Mexico. Changes to trade policy are shaking up the air cargo market as well.
But improvements in East Coast and Gulf port capabilities as well as some diversification of sourcing to places like India and Vietnam whose containers typically head to the East Coast via the Suez Canal could also mean that not all shippers will be coming back. America rates climbed more than 20% this month to $5.60/kg
The ecommerce revenue growth trends of Singapore, Malaysia, Vietnam, Thailand, Philippines, and Indonesia over the period till 2028 all show a growth of over 60%. Source: Statista Internet penetration in most of the Southeast Asian countries is very high at 65-75%. Ecommerce revenue in Southeast Asia (see Fig.1) billion in 2023 to $60.63
And while the tariffs on China pushed many importers to other Asian sourcing partners since the previous trade war, this time many of these alternatives are subject to steep duties as well. Many other countries, including Vietnam, are actively trying to negotiate a resolution instead.
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