Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”

NC State SCRC

This challenge has been also impacted by the growing discontent on the part of retailers and customers who are unhappy with the trend towards larger slow-steaming ships, which leaves more inventory on the water for a longer period of time. The recent bankruptcy announcement of Hanjin, a major shipping line, on the Friday before the last Labor Day long weekend, was a shock to everyone working in the global logistics shipping industry.

Complex costs of transportation

Supply Chain Movement

10 questions about Freight Spend Management. There are numerous ways a shipper can reduce freight spend. And freight costs are continuing to rise, pushed upward by factors such as globalized distribution and unpredictable fuel prices. Supply Chain Movement and software vendor Eyefreight have developed this checklist to provide to pinpoint the key drivers of Freight Spend Management. This is an important aspect of managing freight spend. Malaysia.

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From Triage to Transformation… Building Resiliency with Agile Supply Chains

LevaData

A decades-long lean manufacturing effort focused on minimizing costs, reducing inventories, and driving up asset utilization had removed buffers and flexibility to absorb disruptions. While the COVID-19 outbreak in Wuhan served as a precursor, the shutdown of Malaysia followed shortly.

From Triage to Transformation… Building Resiliency with Agile Supply Chains

LevaData

A decades-long lean manufacturing effort focused on minimizing costs, reducing inventories, and driving up asset utilization had removed buffers and flexibility to absorb disruptions. While the COVID-19 outbreak in Wuhan served as a precursor, the shutdown of Malaysia followed shortly.

The Supply Chain’s Vision Problem

Enterra Insights

Most companies weren’t buying from China or Taiwan or Malaysia like they are today.”[4] Point of sale data tracks exactly how many black shirts in size medium were sold yesterday, then meshes with inventory management technology to generate demand predictions that then prompt production of more (or less). 3] Vishnu Rajamanickam, “ Visibility into operations is the biggest issue plaguing supply chains ,” Freight Waves , 4 November 2019. [4]

Thailand Ecommerce Logistics for ASEAN Enterprises: Should You Go Local?

Logistics Bureau

The ability to operate without substantially increasing inventory levels. Depending on the scale of your business and the demand for your products, these might include: A freight forwarder. For another, in comparison with some Asian countries like Singapore, Malaysia, and the Philippines, Thai consumers are less inclined to interact commercially with cultures and languages that differ from their own. ” – Mitch Bittermann, CEO Singapore & Malaysia, aCommerce.

3PL Subway 2015: Strategic movements among logistics providers

Supply Chain Movement

Malaysia. The 2015 Annual Third Party Logistics Study also reveals that both sides regard themselves as being successful, and shippers are seeing positive results again this year: an average logistics cost reduction of 9%, an average inventory cost reduction of 5% and an average fixed logistics cost reduction of 15%. After years of declining revenues in European logistics services, the business started to stabilise in 2013/2014.

3PL 78

7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. Supply Chain Cost Management Results: Deere & Company’s supply chain cost-management achievements included an inventory decrease of $1 billion, a significant reduction in customer delivery lead times (from ten days to five or less) and annual transportation cost savings of around 5%.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. The world of supply chain and logistics is changing every day.

The need to know

EFT

freight railroad operators, on Thursday reported better-than-expected quarterly profit, bolstered by higher shipping volumes of grain, refrigerated food and beverages, and retail goods. Software data shows freight groups avoiding UK, prices rising. Freight Waves].

Southeast Asian Pirates: Nothing to Shiver your Timbers Over

Elementum

With one third of the world’s freight traveling through these waters, the region would naturally be a hotspot for pirate activity. And while Malaysia managed to rein in the issue over a decade ago, hijackings and thefts have been cropping up further east, in Indonesian waters. However, when it comes to fears of lost inventory, product manufacturers need not fret. The Economist reported this week on the rise of pirates in Southeast Asian waters.