Freightos

JUNE 6, 2023

This was terrible news for a company now on the hook to ship to kids who were suddenly cooped up and hankering for a fort. In mid-2022 logistics costs began to recede, dropping almost 90% from May to December according to the Freightos Baltic Index’s China – East Coast (FBX03) and China to West Coast (FBX01).

Manufacturing Procurement 243

Manufacturing Procurement Optimal Sourcing Inventory Reduction Supply and Demand 243

Supply Chain Shaman

NOVEMBER 29, 2021

The increasing issues with tax and tariff shifts and the policies of China make the response more complicated. Inventories are out of balance with demand and the rising need for write-offs. Rolling Electrical Outages in China. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline.

Supply Chain Planning Software 264

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 264

Enterra Insights

APRIL 18, 2024

Going forward, companies will need to continue to navigate supply chain disruptions, China risk, and concerns about capital outlays in a rising interest-rate environment.”[2] Parallel changes have occurred in Xi Jinping’s China. Meanwhile, attempts to break free economically from China are likely to be partial, at best.”

Global 130

Global Cost Reduction Strategies Expense Reduction Inventory Reduction 130

Ware2Go

JUNE 20, 2023

In this article: Ocean Freight: Key Stats & Industry News Ocean Freight Shipping: What to Watch For In 2023 Freight Shipping From China & Alternatives What Are The Current Ocean Freight Rates? In May 2023, shipping rates from Asia suddenly plummeted. These costs include: labor, energy, and materials.

Negotiating Skills 98

Negotiating Skills Supply Chain Planning Software Supply Chain Planning Freight 98

Freightos

OCTOBER 25, 2023

Air rates – Freightos Air Index China – N. kg China – N. Reports by many major retailers that inventories are now under control is a positive sign for the possibility of a restocking cycle after the holidays if spending holds up. Europe prices (FBX11 Weekly) increased 3% to $978/FEU. Europe – N.

Asia 177

Asia Europe Price Reduction Freight 177

Supply Chain Shaman

NOVEMBER 29, 2021

The increasing issues with tax and tariff shifts and the policies of China make the response more complicated. Inventories are out of balance with demand and the rising need for write-offs. Rolling Electrical Outages in China. Chemical Sector Inventory Availability. The chemical inventory levels continue to decline.

Supply Chain Planning Software 195

Supply Chain Planning Software Modeling Supply Chain Optimization Supply Chain Software 195

Cathy Roberson

SEPTEMBER 7, 2021

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.

Inventory Reduction 92

Inventory Reduction Inventory Sourcing Strategies Retail 92

Supply Chain Matters

MAY 3, 2022

They collectively provide evidence that the prior disruptions still occurring among industry supply chains, compounded by the latest manufacturing, logistics and transportation disruptions occurring in China, will have a longer economic and service level effect in the coming months. Global Manufacturing Output Levels Declined.

Manufacturing Procurement 52

Manufacturing Procurement China Purchasing Skills Supply Chain Planning 52

Logistics Viewpoints

SEPTEMBER 26, 2022

For example, shippers spent much of last year bemoaning soaring ocean shipping rates and ships waiting for days to unload once they reached their destination port. Economists are beginning to speak of “immaculate disinflation.” Many companies work to conserve cash by paying their vendors more slowly.

Vendor Strategies 204

Vendor Strategies Forecasting Long Beach Supply Chain 204

SCMDOJO

APRIL 22, 2024

As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. Delays Delays happen when ships are involved, or even when a vehicle transport company is involved like A1 Auto Transport. How Can We Create More Resilient Supply Chains?

Inventory Reduction 77

Inventory Reduction Price Reduction Cost Reduction Strategies Material Savings 77

Supply Chain Shaman

JUNE 29, 2022

This small island is currently in the middle of political tensions between the US and China and represents 90% of the most sophisticated chips, such as those based on gallium nitride and gallium arsenide, which are used in the defense and aerospace sector. The China COVID disruption impact is ongoing creating container and chassis imbalances.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

The Logistics & Supply Chain Management Society

AUGUST 19, 2022

are reporting that they are being inundated with requests from importers seeking to use provisions such as the “321 de minimis” rule, which allows goods worth less than $800 to be shipped to the U.S. Many companies buy forward inventory ahead of tariffs being implemented. Relocating production from China. Buying forward.

Cost Reduction Strategies 245

Cost Reduction Strategies Material Savings Inventory Reduction Vendor Strategies 245

Logistics Viewpoints

MAY 26, 2023

Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. across the EU, and in China. And now on to this week’s logistics news. general merchandise stores expanded 1.2

Negotiating Skills 202

Negotiating Skills Pricing Training Jordan Purchasing Training 202

Supply Chain Shaman

SEPTEMBER 5, 2022

Currently, companies struggle with rolling electric outages in China. Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Why We Cannot Get Inventory Right.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

Freightos

SEPTEMBER 14, 2022

The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages.

Logistics 156

Logistics Cargo Comparison Freight 156

Logility

MARCH 29, 2022

Manufacturers and shipping companies assumed that because of layoffs, demand would drop. This is what happened next: Demand spiked for protective equipment : Everyone needed masks and gowns, most of which are produced in factories in China, so they ramped up production. Shipping costs have skyrocketed.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Supply and Demand Supply Chain Optimization 130

Freightos

SEPTEMBER 8, 2020

Shipping containers are like scotch. . But decisions about how many barrels to produce or how many ships to sail have to be made in advance. As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin. Enter COVID-19.

Purchasing Skills 218

Purchasing Skills Price Reduction Freight Supply Chain Software 218

Freightos

JUNE 15, 2021

You’ve seen the Suez Canal memes, you know furniture is taking way longer than usual to get to your door, and you may have even heard about Pelotons shipped by air to reduce delivery times. While the cure for COVID is well on its way, there is no vaccine for what’s afflicting container shipping. But that’s changed. Logistics is global.

Global 392

Global Supply Chain Price Reduction Supply and Demand 392

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

But decisions about how many barrels to produce or how many ships to sail have to be made in advance. As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin. Businesses whose inventories ran down slowly since March started restocking.

Purchasing Skills 217

Purchasing Skills Price Reduction Freight Supply Chain Software 217

The Logistics & Supply Chain Management Society

JANUARY 3, 2024

This small island is currently in the middle of political tensions between the US and China and represents 90% of the most sophisticated chips, such as those based on gallium nitride and gallium arsenide, which are used in the defense and aerospace sector. The China COVID disruption impact is ongoing creating container and chassis imbalances.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Demand Solutions

OCTOBER 18, 2016

In my previous articles on reducing inventory, I’ve explained the importance of setting a goal , fine-tuning your safety stock strategy , reducing your high-side forecast bias , and reducing stocking locations. The fifth thing you can do this week to reduce inventory is to spin the A’s. Shipping takes as long as it takes.

Inventory Reduction 100

Inventory Reduction Inventory Forecasting China 100

Demand Solutions

OCTOBER 18, 2016

In my previous articles on reducing inventory, I’ve explained the importance of setting a goal , fine-tuning your safety stock strategy , reducing your high-side forecast bias , and reducing stocking locations. The fifth thing you can do this week to reduce inventory is to spin the A’s. Shipping takes as long as it takes.

Inventory Reduction 100

Inventory Reduction Inventory Forecasting China 100

Intelligent Audit

AUGUST 20, 2021

And now, additional port shutdowns in China are undermining the overall flow of goods just as the back-to-school rush winds down and as shippers begin to enter the peak holiday shipping season. These factors undermine replenishment, and there is little hope of a full inventory recovery prior to the real beginning of peak season.

Shipping 52

Shipping Los Angeles Long Beach Supply Chain Planning Software 52

Resilinc

APRIL 17, 2024

Nearshoring, reshoring, ally-shoring, and China+1 Many companies have started to shift away from single sourcing, using strategies like nearshoring, reshoring, ally-shoring, and China+1 to build more resilient supply chains. This provides benefits like shorter transportation times and improved inventory efficiency.

Sourcing Strategies 101

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 101

Freightos

OCTOBER 31, 2022

You can hear the full interview with Conor in our podcast series, Ship Happens. . Between September 2019 and September 2021, the cost of shipping a 40’ container from China to the US West Coast had increased from $1,500 to $20,586. It is wide to consider slimming down inventory stocks…but only to an extent.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Planning Supply and Demand Supply Chain 156

EMERGE App

FEBRUARY 22, 2019

And we pick the most cost effective means of shipping. But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. What is Inventory Carrying Cost?

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Purchasing Skills Inventory 75

Enterra Insights

JUNE 28, 2023

They write, “The logistics industry first started to take form when Marco Polo traveled to China on the Silk Road. His detailed written record paved the way for future traders and merchants traveling between Europe and China. By 1956, the first container ship sailed from the port of New Jersey to Texas.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Logistics Supply Chain Design Software 130

Supply Chain Movement

MAY 13, 2015

‘Supply Chain Opportunities in China’. Introduction – Guillaume Burette, General Manager Logistics – DSV China. China: from sourcing location to an end market. 12:00 China as a Global Distribution Centre – Manufacturing and bonded warehousing. 13:00 Domestic warehousing and distribution centres in China.

China 60

China Optimal Sourcing Supply Chain Planning Software Supply Chain Optimization 60

ShipBob

DECEMBER 18, 2019

In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. Get prepared for the year of the rat with the best kind of red envelope, keeping your business in stock of inventory!

How To 136

How To Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 136

Logistics Viewpoints

MAY 5, 2022

slowdowns in China, and?unloading due to a lack of visibility, they are having a hard time effectively managing processes, and unloading imports, resulting in slow delivery times and shipping delays rippling across the entire supply chain. unloading in Los Angeles. surge in the consumer price index. continue to face challenges?with

Real-time Visibility 189

Real-time Visibility Supply Chain Software Los Angeles Demand Planning Software 189

Freightos

DECEMBER 20, 2022

More than 80% of goods – by volume – are moved by ocean freight globally, so shipping costs directly impact the price level of imported goods. Assuming those contracted volumes also shipped at about spot rate levels , the total ocean costs savings in October 2022 could have totalled $9.9B of a percentage point of the 6.2%

Purchasing Skills 156

Purchasing Skills Analysis Cost Reduction Strategies Freight 156

Logistics Viewpoints

JUNE 20, 2022

China, for example, only produces 14% of their total units, only 3% of those units end up being exported to the United States and 2% to EMEA. There will be one view of inventory across the entire distributed network.”. The old product development process involved shipping prototypes back and forth.

Agile and Lean Supply Chain 210

Agile and Lean Supply Chain Supply Chain Planning Software Manufacturing Procurement Supply Chain Software 210

ShipBob

JULY 14, 2022

While your customers can track their parcels from their smartphones down to the block the delivery truck is on, the best you can hope for is a phone call when the ship leaves port and one when it arrives on the other side of the world. Our ability to ship, store, and trade goods remains fragmented — and key logistics data remains siloed.

China 98

China Freight Shipping Modeling 98

EMERGE App

JULY 11, 2018

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades. Introduction. Do Your Homework. Does it look professional?

Purchasing Skills 64

Purchasing Skills Manufacturing Procurement Negotiate Pricing Negotiating Skills 64

RFgen

SEPTEMBER 27, 2017

For those impacted by the Amazon Effect but not directly competing with Amazon, there are critical lessons to be learned from their continuous drive to innovate inventory management, warehouse automation, and the supply chain of tomorrow. Mobile devices enable a near-constant cycle of order processing, item picking and shipping.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

RFgen

SEPTEMBER 27, 2017

For those impacted by the Amazon Effect but not directly competing with Amazon, there are critical lessons to be learned from their continuous drive to innovate inventory management, warehouse automation, and the supply chain of tomorrow. These three overarching warehouse inventory technologies can be adopted by any operation: 1.

Inventory Management Software 52

Inventory Management Software Inventory Management Inventory Reduction Inventory 52

BlueYonder

JULY 9, 2021

And what if I told you that port had a recent COVID-19 outbreak, leaving a backlog of over 160,000 40-foot containers, causing a domino effect on the entire shipping industry that might take a year to get sorted out? From ships waiting to dock in Guangdong to empty containers stockpiling in the U.S., That’s visibility.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Sourcing Strategies 98