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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. How long will the Panama Canal drought last? Which countries are impacted by the Panama Canal drought?

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This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

The increases are being felt far beyond the disrupted trade routes that link China with Europe and the U.S. Spot-market rates to ship a container from China to Los Angeles rose 38% in the week through Jan. The Panama Canal has faded from the headlines amid all the focus on the Red Sea. And now on to this week’s logistics news.

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October 31, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. Freightos Air Index China – N. Europe prices(FBX11 Weekly) increased 8% to $1,056/FEU. Asia-Mediterranean prices(FBX13 Weekly) fell 2% to $1,370/FEU. America weekly prices decreased 2% to $4.73/kg Europe weekly prices climbed 11% to $4.30/kg.

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Supply Chain by the Numbers for May 7, 2024

Supply Chain Digest

Land Bridge across Panama is Expensive to Use. China Set to Dominate EV Production 3PL Revenues See Sharp Drop in 2023. US PMI for February Contracts again.

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April 9, 2024 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. Another driver of improved air cargo volumes is growing demand for B2C eCommerce out of China. Online retailers like Temu and Shein are increasingly buying up air cargo space to the West, and though China rates to N. Europe – N. America and N.

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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

across the EU, and in China. A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer.

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The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

Those goods flowed through three regional hubs – in Singapore, Panama City, Panama and Stabio, Switzerland – to 49 distribution centers, 24 of which VF operates. 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.