article thumbnail

Hanjin Shipping Bankruptcy

3PL Insights

However, Nerijus Poskus, director of pricing and procurement for the freight forwarder and customs broker Flexport, predicts that this spike won’t last longer than one or two months. However, many consumer goods that were destined for retailers may never actually make it to stores.

article thumbnail

Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

Overall, global activity reportedly showed signs of increased production output for consumer goods production levels but continued muted growth for intermediate supply network and investment goods production levels. Slight Rise in Global Wide Production Activity Global-wide manufacturing levels as depicted in the J.P.

article thumbnail

Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

While production rose among consumer goods producers, it reportedly was unchanged among intermediate and investment goods sectors. January data reinforces that production levels have improved for domestic consumer goods demand but remain muted for export related production demand.