Resilinc
MARCH 28, 2023
February 2023 saw supply chain struggles continue across Asia and Europe due to dwindling energy supplies, ongoing effects of COVID-19, high inflation, and more. Europe Energy Crisis On February 5 th , 2023, EU banned Russian refined product imports—severing ties with its biggest external diesel supplier.
Logistics Viewpoints
OCTOBER 18, 2023
Source: J.P. But cross-border trade is an important part of the global economy and much of this trade is in physical goods that must be stored, shipped, transported, and eventually consumed. I also looked at changes in exports by the US, Europe, and China. I see that as a positive. I don’t see that as a positive.
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Logistics Viewpoints
JULY 12, 2024
It’s having an impact mainly in Europe and Asia. But now ships between Europe and Asia are instead going around the Cape of Good Hope on the southern tip of Africa, which can add anywhere from 10 days to a month of travel time compared to the Red Sea/Suez Canal route. shipping containers and stacking them up to six high.
Logistics Viewpoints
APRIL 7, 2022
This kind of disruption causes major dislocation in the sources of demand and shifts the centers of gravity for demand, forcing organizations to rethink their supply chain design. Europe relies on Russia for around 35% of its natural gas. Increased input costs: Russia is the second largest crude oil supplier in the world.
Supply Chain Matters
DECEMBER 13, 2023
Such actions were to include mitigation of risks related to China based sourcing, which is now commonly referred to as a China Plus sourcing strategy. That was followed by a public acknowledgement from CEO Tim Cook that the company’s 60 percent sourcing of various production within the country was too much.
Supply Chain Matters
JANUARY 19, 2024
Skyrocketing Rates A January 12 th advisory from Container xChange indicated that the average spot rate quoted for China to Europe passage was about $5400 per 40 foot container, up from $1,500 the week earlier. Logistics teams assessing options and related costs in shipping from Asia to Europe or from Europe to U.S. East Coast.
SCMDOJO
DECEMBER 14, 2023
In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.
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