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This Week in Logistics News (October 21 – 27)

Logistics Viewpoints

A notable achievement at the port is the electrification of 89 out of 91 ship-to-shore and rail-mounted gantry cranes. In August, President Biden hosted the leaders of Japan and South Korea at Camp David, bringing the three countries together in a bid to further encourage collaboration and innovation.

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Preparing Your Supply Chain for 2023 – 4 Areas of Focus

Logility

Then we saw a glut of inventory hit the shelves in late summer when those bottlenecks were addressed. A surplus of ships is likely 3. We expect shipping costs to drop in 2023 as we see a rush of new vessels next year. That could make container rates lower and cause shipping costs to drop. We’re advising clients to: .

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This Week in Logistics News (June 11 – 17)

Logistics Viewpoints

Truckers strike in Korea roils shipments from steel to autos. US House passes ocean shipping bill to allay export backlogs. Overstock is ready to take advantage of inventory glut. Container prices jumped in May for first time in 2022. Biden said in a statement he looked forward to signing it into law.

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Build Resilient Supply Chains That Weather Disruptions 

Logility

Manufacturers and shipping companies assumed that because of layoffs, demand would drop. As the pandemic eased, ports suffered bottlenecks, natural disasters disrupted freight movement, railways suffered congestion, and new legislation further complicated the movement of goods. Shipping costs have skyrocketed.

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

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Wall Street Journal ). Accenture ).

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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

Two weeks ago, 160 ships were stuck waiting to pass through the canal, carrying everything from auto parts, Barbie dolls, and diabetes test kits, according to Reuters. Some ships were delayed by as much as 21 days. 55 to 125 million gallons per ship, depending on size—to move ships through the canal.

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Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. FedEx Corporation FedEx , previously known as Federal Express, is an American multinational freight company founded in 1971 as a system for urgent deliveries. Kuehne + Nagel Inc. Jacobs in 2011.