Freight Inventory Sourcing South Korea 
Logility
DECEMBER 20, 2022
Utilize scenario planning in cases such as when to onshore versus offshore to evaluate sourcing options in the wake of government intervention . Then we saw a glut of inventory hit the shelves in late summer when those bottlenecks were addressed. Germany, South Africa, and South Korea were abundant in 2022.
Logistics Viewpoints
JUNE 17, 2022
Truckers strike in Korea roils shipments from steel to autos. Overstock is ready to take advantage of inventory glut. The company, in its quest to achieve carbon neutrality by 2025 has also been investing in electric vehicles as well as other alternative fuel sourced vehicles.
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Logility
MARCH 29, 2022
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.
ToolsGroup
APRIL 1, 2022
Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Consultancy UK).
ivalua
MARCH 31, 2020
And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S.
Resilinc
AUGUST 30, 2023
The main countries affected by the drought are China, Japan, South Korea, and the US, as the Panama Canal facilitates 46% of container movement from northeastern Asia to the US. The impact of the bottleneck goes beyond the canal itself, causing delays in container shipping and inventory replenishment along various shipping routes.
Logistics Bureau
MARCH 9, 2020
South Korea, $28.7 Source Australian Bureau of Statistics. Refined petroleum: Australia sources most of its refined petroleum products from Singapore, which, with 138+ confirmed cases, is also in the COVID-19 firing line. Unprecedented challenges in forecasting and inventory sizing throughout 2020 and perhaps even beyond.
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