Shortages in Medical Supplies Linked to Imports

Logistics Trends and Insights

Other countries including South Korea, India, and Taiwan, as well, are blocking exports of medical supplies to save them for their own citizens, leaving the U.S. Air Cargo Asia Pacific China Supply chain risks Trade Globalization Medical SuppliesDisruptions in global trade have impacted businesses across all industries as well as by consumers at the cash register. Tariffs, political upheaval and more have caused many to rethink their stance on globalization.

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Plastics Supply Chain Turns Off the Tap

Inbound Logistics

The New NAFTA winners and losers; shippers need larger customs bonds; Panama Canal sets record annual cargo tonnage in fiscal year 2018; South Korea trade growth remains positive in Q4 2018; the EU countries importing the most coffee; Feelunique partners with SEKO Logistics for cross-border growth into China; first global network of ocean-bound plastics supply chains

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Lost at Sea

APICS

One of the world’s biggest shipping companies, South Korea-based Hanjin Shipping, filed for bankruptcy earlier this month, leaving as much as $14 billion worth of cargo floating and manufacturers uncertain, according to The Wall Street Journal The title of this week’s Supply Chain Management Now isn’t from a new Hollywood thriller; this situation is real, and it’s serious.

Coronavirus COVID-19 Supply Chain Update

Transplace

Ocean Cargo Updates. Cargo flows and ship calls are rebounding in China as the situation normalizes. The reopening of factories in China would see a gradual return of demand, but Alphaliner noted in a recent newsletter that cargo volume recovery was expected to take a few weeks. In central and south China, recovery is lower at 20 to 40% capacity as many drivers are from Hubei and surrounding provinces where the epidemic is more widespread.

Letter from the CEO: Coronavirus Market Update

Transplace

Cargo flows and ship calls are rebounding in China. The reopening of factories in China would see a gradual return of demand, but Alphaliner noted in a recent newsletter that cargo volume recovery was expected to take a few weeks, and until normal volume is reached, carriers would continue to selectively implement blank sailings, likely until the end of March. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns.

Hanjin's Insolvency Leaves Few Options

Elementum

The only thing left to do for South Korea’s largest container carrier was to seek for court receivership on Thursday, just a day after it filed for bankruptcy. Meanwhile, to cushion the impact, the South Korean government is reaching out to overseas carriers for assistance. South Korea’s Financial Services Commission disclosed that it’s promoting the sale of Hanjin Shipping’s core assets to Hyundai Merchant Marine.

The need to know

EFT

Incoming cargo to the Port of Los Angeles is surging as businesses restock depleted inventories and retailers prepare for an early holiday season, the executive director for the nation’s busiest seaport said on Wednesday. Uber launches medicines delivery service in South Africa.

Why Commercial Drone Is NOT the Future of Supply Chain

Supply Chain Opz

3) Safety of Drone Itself : even though Amazon can drive the economy of scale and make a drone a lot cheaper, there is an absolute no guarantee that a drone and its cargoes won''t become a target for theft. 6) Limit of Liability : if you''re familiar with International Trade Term (Incoterms), you will see that a point of transfer of cargo''s ownership and risks is a very important issue. The above image was captured in front of a McDonald''s store in South Korea.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

The fallout from Hanjin’s bankruptcy continues, with $14 billion of cargo still stranded at sea. According to a Reuters report: As of Wednesday, of Hanjin’s 97 container ships, 36 were waiting outside of overseas ports, according to South Korea’s finance ministry. Of the remainder, 37 had yet to unload and planned to return to Korea, and 24 had unloaded in Korea and elsewhere, the ministry said.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

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. The strength of DSV Panalpina is the strong network of trucking in Europe, North America and South Africa.

Panama Canal Expansion: Everything You Need to Know

PLS Logistics

The Panama Canal is an important link to global trade, accepting an estimated 5% of the world’s total cargo volume. American ships use the canal the most, followed by China, Chile, Japan, Columbia and South Korea. Every vessel must pay a toll based on its size and cargo volume. History of the Panama Canal. During the 1800s, businessmen didn’t have an efficient or quick way to ship goods between the Atlantic and Pacific coasts.

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The need to know

EFT

DP World to acquire 60% of Korea's UNICO Logistics. Dubai-based global ports operator DP World has agreed to acquire a 60% stake in South Korea-based UNICO Logistics Co, DP World said in a statement on Monday. The need to know from Reuters global network of journalists.

Doing Business in Malaysia

QAD

Located in Southeast Asia, Malaysia is bordered by Thailand, Borneo, Indonesia, Brunei and the South China Sea. It’s merchant marine includes more than 1,700 vessels, including bulk carriers, container ships, general cargo ships and oil tankers.

Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”

NC State SCRC

However, the announcement should not have come as a surprise, as the ocean cargo market has been suffering for some time by a condition of overcapacity, low rates, and a flat global market. Many ship builders and ocean carriers overextended themselves while the economy was growing, and these expectations resulted in a huge amount of investment that has resulted in too many ships and carriers competing for too little cargo.

Helping You Plan Ahead During the Coronavirus Outbreak

CH Robinson Transportfolio

Similar to China, airlines have canceled majority of passenger flights in and out of Europe and South Korea due to safety concerns and lack of travel demand. Cargo space may be constricted as certain limitations are imposed on passenger travel resulting from adjusted flight schedules and capacity. The coronavirus outbreak, which is severely affecting business operations around the globe, was recently declared a global pandemic by the World Health Organization.

Four Risk Mitigation Actions for Weathering a Stormy Market

TMC

It’s one of many changes that are reshaping the struggling container trades, which are still feeling shock waves from the decision by South Korea’s Hanjin Shipping Company to file for bankruptcy in August. Deciding whether to ship cargo via the U.S. East Coast or West Coast, for instance, requires shippers to weigh various factors such as the type of cargo, the required transit time, and the potential cost savings.

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. European electronic component distributor TTI says it is using air cargo companies UPS, FedEx, and DHL to mitigate the impact of holdups in China. Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown.

UK – China Huawei Rift Threatens Trade!

Supply Chain Game Changer

This is borne out by the growing rift over technology brand Huawei, which has begun to impact throughout the west and created an opportunity for South Korea’s Samsung Electronics Co. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. What is 5G?

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Top 10 Global Supply Chain Risks

Supply Chain Game Changer

For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Capacity fell by 3 percent, and up to $14 billion in cargo was unable to dock. Furthermore, shippers should purchase cargo or freight insurance where possible to create a safety net. Subscribe Here! Email Address. Inventory Turnover Breakthrough … Go Back To The Basics!

China Exports Rebound Even as Western Markets Face Lockdown

Logistics Bureau

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. In response to the constraints on belly capacity, outbound cargo-only flights from China are increasing and are above 2019 levels. Cargo airports in Europe have been significantly affected by belly capacity losses due to flight bans.

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Speculation and Shipping in the South China Sea

Elementum

Less has been said about the Permanent Court of Arbitration's ruling on territorial claims to the South China Sea than about the People’s Republic’s controversial—and yet not unexpected—dismissal of the tribunal’s conclusion. Commercial vessels in the tens of thousands connect markets in East Asia with Australia, the Middle East, and Europe—including a third of the world’s liquefied natural gas—mostly bound for Japan and South Korea.

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

Ports in the United States, The Netherlands, Britain, France, and elsewhere have reported a drop in cargo volumes ranging from around 5 percent in January to an estimated 25 percent in February. In South Korea , Hyundai announced the suspension of its production lines due to supply chain disruptions in China.

Biggest Supply Chain Risk From US Metal Import Tariffs Is Retaliation

Material Handling and Logistics

all rose in Tokyo, while Posco, South Korea’s biggest steel mill, fell slightly. In South Korea, SeAH Steel Corp., South Korea is one of 12 countries, including China, that could be subject to the higher steel tariff, but which excludes Japan and Canada, the top supplier to the U.S. China, the main target of the proposals, said that the U.S. already has excessive protections on domestic iron and steel products and that it reserves the right to retaliate.

Chill Pill Has a Whole New Meaning for Pharma Supply Chain

Aera Technology

Communication between the many stakeholders involved in the cold supply chain (manufacturers, distributors, retailers, cargo companies, etc.). Consider the recent bankruptcy of one of the world’s largest marine shipping companies – South Korea’s Hanjin Shipping Co. The pharma supply chain can be incredibly complex with new molecular entities taking as long as a decade to get to market.

How to be Productive during the Global Lockdown: The ThroughPut Playbook to Maintain your Output Levels

ThroughPut

South Korea has “flattened the curve” in part with mass drive-through-testing in record time and volumes, and high-throughput tests are finally becoming more available in the US, even if the testing kits and support materials are still in short supply and erratic in distribution. jump in container throughput last week, which means cargo is recovering.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Belk experienced substantial growth in its e-commerce business in 2011 and 2012, leading to the expansion of its original North Carolina fulfillment center plus the opening of an additional 515,000 square foot fulfillment center in South Carolina. In 2018, iHerb opened its first international 3PL distribution center in South Korea, the first in the country since its laws changed to allow foreign ecommerce companies.

Large Shipping Losses Have Declined 38% over Past 10 Years

Material Handling and Logistics

Already a key route for east-west trade from China, South Korea and Japan and accounting for one-third of global shipping trade, the South China Sea is also the cause of territorial disputes between several countries. These disputes have resulted in increasing military presence in the South China Sea, with the U.S. There were 94 total losses reported around the shipping world in 2017, down 4% year-on-year -- the second lowest in 10 years after 2014.

What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

Accordingly, significant volumes of ocean cargo shifted to earlier sailings than normal, disrupting typical volume trends in the third and fourth quarters of 2018. In fact, JOC.com sites many Southeast Asia countries—including India, South Korea, Taiwan, Thailand, and Indonesia—have significantly grown their imports into the United States, anywhere from 13-37% compared to last year.

This Week in Logistics News (August 29 -September 2, 2016)

Talking Logistics

market, and as reported by the Wall Street Journal yesterday: Since the shipping company filed for bankruptcy protection in a Seoul court Wednesday, terminal operators, ports, cargo handlers, truckers and others have refused to handle its cargo, for fear they won’t get paid. bound cargo has been delayed at the point of origin, and cargo-laden Hanjin ships are unable to get into U.S.