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Supply Chain Matters News Capsule Follow-Up

Supply Chain Matters

Moeller Maersk in conjunction with the reporting of Q3 quarterly financial performance announcing that the company will cut more than 10,000 jobs amid a current surplus of shipping vessels, sharply lower freight rates and contracting levels of shipping demand. All rights reserved.

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This Week in Logistics News (August 12 – 18)

Logistics Viewpoints

Full-to-bursting warehouses means fewer orders for manufacturers, which translates into lower levels of business activity and, ultimately, weaker growth. The massive pileup is a result of water conservation measures the Panama Canal Authority deployed in late July due to drought. And now on to this week’s logistics news.

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U.S. West Coast Dockworkers Enacting Multi-Day Job Actions

Supply Chain Matters

But shipping industry sources now indicate that negotiations deteriorated last week over the scope of expected dockworker wage increases. freight and logistics sector in in a condition of contractionary recession , that adds to demands for higher worker compensation. The existing labor contract expired on July 1, 2022. The post U.S.

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The Impact of the Red Sea Ship Attacks on Global Supply Chains and Logistics

Resilinc

Following the recent attacks launched by Yemen’s Houthi group on cargo ships in the Bab al Mandeb Strait at the southern end of the Red Sea, several major global shipping and oil companies – including Maersk and British Petroleum (BP) – have suspended shipments and halted operations in the area.