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This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

The jobs reduction will save $1 billion this year, Tomé said on an earnings conference call with analysts on Tuesday. Soft demand in Europe and the US led to an overall decline of 7.5 Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations.

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Editor’s Choice: Aluminum Can Shortage Defines a New Normal for Food Packaging

Logistics Viewpoints

This shortage is the culmination of various ongoing issues – geopolitical tensions related to the Russia-Ukraine war, the rapid shift in consumer buying behavior and container freight availability. The deepening power crisis has already taken 900,000 tons of smelting capacity offline in North America and Europe.

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Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

More specifically, it took 83 days for container transport from Europe to Asia, and 88 days from North America to Asia. The Freightos Baltic Index Global Container Freight Index shows the cost of shipping freight remains hugely elevated – more than double the price a year earlier. Internal data alone won’t cut it.

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The Impending Ocean Carrier War on Last Mile Fulfillment

Freightos

Maersk has unabashedly championed vertical integration for years, advocating an “end-to-end” strategy. More on Maersk’s transition to an end-to-end provider can be found in this 2020 report. And, not to be left behind, it’s also pursued a horizontal integration strategy, acquiring a growing fleet of airplanes. Enter Big Tech.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages.

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This Week in Logistics News (February 19 – 25)

Logistics Viewpoints

I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported. Oil Prices Jump.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?