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I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. Freight Rates 2019-2021.
But SHIFEX, the freight forwarder rate index, recently recorded the lowest ocean freight rate between China and the port of LongBeach in 24 months —a rate of $3,500 to move a 40-foot container. inflation rate will go down by itself, because the cause is mostly caused by supplychain issues?
Supplychain is once again front-page news in the general business media. Meanwhile, supply shortages and price inflation are getting the front page in consumer-focused publications and plenty of airtime on televised news. I believe there are many reasons for the current supply shortages and supplychain disruptions.
Over these 10 years+ I have learned a lot about supplychain and logistics through conversations with end users, suppliers, and my colleagues. Department of Transportation (DOT) has added three major West Coast ports to its data-sharing supplychain platform. according to the Walmart Marketplace website. from May’s 2.24
Peter Tirschwell and Joe Lynch discuss the post-pandemic supplychain. Peter is Vice President in the Maritime, Trade & SupplyChain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
Amongst the issues faced by both businesses and consumers in 2021, supplychain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges.
and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. and global ports, with highly complex air freight systems suffering the heaviest hit, as global airlines grounded flights. It will be interesting to see if the team is able to dominate when the stakes matter.
Ships continue to hold in the west coast harbors of LA and LongBeach, and the west coast warehouses are full. Hazardous freight is the most likely to get “rolled” at the dock. The value chain supporting all industries is sick, requiring a leadership step-change. Retail shelves are increasingly empty.
Some companies expect to cut ocean-freight rates by half or more, which in turn could allow retailers to slow or stop price increases for goods. 9, according to Xeneta, a Norway-based transportation data firm, reflecting lower freight demand as retailers cut orders and consumer spending continues to decline.
Companies of all sizes have been capturing the value from Global SupplyChain to increase the economies of scale and scope for years. In this article, we will show you tips from worldwide experts that you can use to streamline your global supplychain operations. However, you may wonder what kind of practices really work.
Peter is Vice President, Journal of Commerce, the Maritime, Trade & SupplyChain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial. the world’s largest container shipping conference, now 23 years old.
Using Qualle’s technology, supplychains run more effectively, more efficiently, and less greenhouse gases are released into the atmosphere. managing freight and drayage trucking operations for enterprise clients like Amazon, Samsung, and Apple. Steamship lines improve container velocity through flexible connected transactions.
East Asia – April 29, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. America container service loops.
Peak season for ocean freight shipping is underway. That can make it difficult to meet your delivery times unless you take proactive steps now to minimize the risk in your supplychain. All of this will cause a tightening of space for ocean freight shipping. Red: Space is extremely tight and forecasting is imperative.
Around this time last year, every article about the West Coast supplychain painted a dire picture. and LongBeach; there was no warehouse space to be had; and trucking capacity was scarce. There was an armada of ships waiting to enter the Ports of L.A. A year later, however, the news is changing.
How do I get shipment X out of LongBeach? But the fact of the matter is, industry leaders who want to avoid crashing their business on the shoals need to balance the daily hand-to-hand combat with some serious, long-term planning. 1 carrier stopping its dealings with even a portion of the world’s freight forwarders?
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
The people on the ground–my contacts in the 3PL, freight forwarding and transportation industry–know that the labor strife is only a part of the larger story. Unloading at the western ports of Los Angeles and LongBeach have been an issue for many months. In my interviews, some say August.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. Freight Rates 2019-2021.
FedEx earnings reflect labor shortage, supplychain woes. Ford, Redwood form circular supplychain for EV battery materials. Circular supplychains are becoming more commonplace as consumers and businesses alike look to reduce their carbon footprint and increase sustainability initiatives. and $19.50
If you’ve been following operations at the Ports of Los Angeles and LongBeach in recent years, the trend looks something like this: the Ports continually break new volume records, truck turn times remain high, and officials vow to speed things up. China tariff announcements. China tariff announcements.
Supplychains (and supplychain planners) are just surviving day-to-day with the shifting winds of policy uncertainty. Few are placing long-term bets at the moment; most are just waiting for the dust to settle.” Terrazas did not read too much into the transportation sector figures. “At in February and 4.6%
Where Freight is Going in 2017. For decades, international freight’s mantra was a simple bigger is better. Sluggish global trade, reduced import volumes and record overcapacity showed that the global freight industry is in dire need of change. “the global freight industry is in dire need of change.”
That was one of the primary conclusions of the annual logistics report released last week by the Council of SupplyChain Management Professionals (CSCMP) at a media briefing in New York. This year’s report was entitled “Navigating Through the Fog.” There could be a retraction back to pre-COVID levels, Acar said.
SupplyChain Risk Management Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supplychain risk management solutions. This solution has a graphical view of the AGCO supplychain across multiple supplier tiers.
Welcome to our series where we give you the scoop on five things you may have missed in supplychain news. Between China’s re-routing many ships through the east and gulf coasts and the expedited processing of cargo at LA and LongBeach, the logjam has been eased and retail stores across the U.S.
Ships continue to hold in the west coast harbors of LA and LongBeach, and the west coast warehouses are full. Hazardous freight is the most likely to get “rolled” at the dock. The value chain supporting all industries is sick, requiring a leadership step-change. Retail shelves are increasingly empty.
Ships continue to hold in the west coast harbors of LA and LongBeach, and the west coast warehouses are full. Hazardous freight is the most likely to get “rolled” at the dock. The value chain supporting all industries is sick, requiring a leadership step-change. Retail shelves are increasingly empty.
Quantifying the Import Impact Importers believe the potential impact on freight volumes to be substantial, with 54% of importers anticipating “serious to significant” reductions in their import activity. Eytan Buchman CMO, Freightos Group Eytan Buchman loves freight so much he shouts out container sizes while he walks around.
Anyway, I’m on borrowed time again this morning, so let’s go straight to the supplychain and logistics news that caught my attention this week: Kewill and LeanLogistics Rebrand as BluJay Solutions, Unveil World’s First Global Trade Network. Maersk and IBM Unveil First Industry-Wide Cross-Border SupplyChain Solution on Blockchain.
Editor’s Note: This is a blog by one of our affiliate partners, Global Vision Group , a Federal Maritime Commission licensed Non Vessel Operating Common Carrier (NVOCC) and Ocean Freight Forwarder (OFF). And for the C-Level Executives who are pressuring their supplychain team to “do something,” it may be time for a reality check.
The ocean freight industry uses many acronyms to describe a shipment’s routing. Here are some of the most common ocean freight routing terms that are important to know. . For example, a freight shipment from Yantian to Chicago via Seattle would be unloaded on the West Coast and then shipped inland via truck or rail. .
Black Friday Logistics: Brought To You By Ocean Freight. What’s working for ocean freight (and what isn’t). Ocean freight has had a complicated year so far. Beyond speed, one of air freight’s primary advantages over ocean has always been reliability. Ocean freight is cheap. zschreiber.
The global supplychain is facing a perfect storm of challenges, and dealing with it, according to GE CEO Larry Culp , “really is akin to playing Whac-A-Mole.” And the current global supplychain disruptions may be sticking around longer than we might think. As one headache is eased, another pops up. In October, the U.S.
Experts warned that global supplychain issues could cause extended production delays, and shipping might rumble, slowing package deliveries to millions of Americans in the weeks and days leading to Christmas. Santa was worried that this increase in e-commerce would further strain an already strained supplychain.
It’s time to evolve your supplychain from one-size-fits-all to purpose-built. Do your business leaders believe they’ve locked down your supplychain network with the right partners, processes, technologies and contingencies that can overcome next week’s challenges as well as next year’s?
And, as ocean carriers introduce more blank sailings or skip ports to start improving the reliability percentage, that means the freight that was skipped is now added to the backlog of containers which will flow into the next vessel. Prepare to make tough decisions on what freight is most important to move.
That started a ripple effect on the whole supplychain, which includes trucking. Since two of the re-scheduled ships docked in the twin seaports of Los Angeles and LongBeach over the weekend of September 10-11, demand has surged for vans in the L.A. area, especially on eastbound lanes.
At JOC ’s TPM in LongBeach last month, no less than fifteen sessions featured technology, digitalization, and freight future-proofing. The venture capital industry is a key player in driving freight digitalization. 2: (Freight) Data Is The New Oil. 3: Feeling The Pain.
Now, moving on to this week’s supplychain and logistics news… Amazon won a patent for an on-demand clothing manufacturing warehouse (Recode). JDA Unleashes New Levels of SupplyChain Visibility Across its Portfolio with TransVoyant. LongBeach ports emits only water from tailpipe (OCR).
It will take two to six months for supplychains to get back to normal, and some industries will suffer permanent losses, especially farmers. SupplyChain & Logistics Trends Transportation Management American Association of Port Authorities JOC Journal of Commerce port productivity West Coast ports'
By mid-April, the shipping traffic jam, part of a broader gridlock in supplychains around the world amid disruptions from the coronavirus pandemic, started thinning while record cargo volumes were reported in the U.S. ports of Los Angeles and LongBeach which saw their busiest March on record, handling a combined 898,287 TEU’s.
Subscribe to SupplyChain Game Changer. Even during the epidemic, the shipping industry’s significance in the value chain and the transportation of resources and goods worldwide was emphasized, probably most prominently. The supply of commodities and goods is crucial to keeping the economy properly running.
The International Longshore and Warehouse Union is trying to stop the next round of automation at the Ports of LongBeach and Los Angeles because it will eliminate jobs. And freight-forwarder Hellman will begin a pilot next year using 60 UAVs for air cargo operations between 39 airports in 13 European countries, according to Reuters.
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