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Ocean Freight: Key Trends & Planning For Peak Season 2023

Ware2Go

See the latest insights on ocean freight rates and other trends that fast-growing businesses should know about to plan for 2023 peak season. In this article: Ocean Freight: Key Stats & Industry News Ocean Freight Shipping: What to Watch For In 2023 Freight Shipping From China & Alternatives What Are The Current Ocean Freight Rates?

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Federal Reserve GSPI Index Drops Significantly in April

Supply Chain Matters

The authors further observed that there was a notable upward contribution from Taiwan stocks of purchases. freight and logistics recession , we called attention to reports that the Logistics Manager Index (LMI) for April reached an all-time low of 50.9, characterized as the lowest reported reading in this index’s history.

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Build Resilient Supply Chains That Weather Disruptions 

Logility

As the pandemic eased, ports suffered bottlenecks, natural disasters disrupted freight movement, railways suffered congestion, and new legislation further complicated the movement of goods. For example, COVID restrictions in Asia shut down auto production because 70% of chip manufacturing happens in Taiwan and South Korea.

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From Taiwan to the U.S.—Duty-free

3PL Insights

About half of the 132 containers filled with tires, were en route from Taiwan, headed to the East and West coast ports. “We But the logistical challenge was only just beginning, and Evans’ solution would go far beyond the FTZ zone. The inventory list had to be error-free otherwise FTZ status could be jeopardized.

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Peloton’s Supply Chain Strategy Turnabout

Supply Chain Matters

The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. Industry supply chains experienced unprecedented and sudden changes in pandemic related product demand coupled with nonstop production, transportation and logistics delays.

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

However, we discern some added signs excess inventories and of production sourcing shifts. Further concerning was that the volume of warehouse finished goods inventories rose to the greatest extent in four months. percentage point increase in March while the Inventories sub-index dipped to the contraction value of 47.5,

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CAPS Conference: The Economist Projects What’s in Store for the Global Economy

NC State SCRC

Conflict erupts between China and Taiwan (Andrew said this is not likely, and I agree – see my previous blog ). The good news is that ocean freight rates will start trending down somewhat. War in Ukraine turns into global conflict. China’s zero COVID policy leads to severe recession. Cyberware erupts and shuts down supply chains.