article thumbnail

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

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.

article thumbnail

June 21, 2023 Update

Freightos

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FedEx’s Sudden Financial Miss- What Are the Implications?

Supply Chain Matters

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.

article thumbnail

Relatively Cautious Global Production and Supply Chain Indices for February 2022

Supply Chain Matters

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.

article thumbnail

How to grow your e-commerce business in Southeast Asia in 2024

Vinculum

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

Asia 52
article thumbnail

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

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.

article thumbnail

8-Step Importing Guide For First Timers

EMERGE App

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.