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Red Sea Ocean Transport Disruption Update

Supply Chain Matters

As we have noted in this thread of updates, to a further extent, shipments from Asia eastward that traverse the Panama Canal are an important added backdrop to ocean transport disruption impacts. In parallel is the assessing of the related restricted ship transit volumes surrounding the Panama Canal because of low water levels.

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Survey Points to Little Signs of Traditional Peak Period Ocean Container Demand

Supply Chain Matters

freight and logistics industry continues to mitigate recessionary conditions and that was reinforced by the April 2023 Logistics Manager Index (LMI) reaching its lowest level lowest level in six and one-half years. This survey was conducted in May among participants in the global freight forwarding community.

Survey 52
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Supply Chain Matters News Capsule Follow-Up

Supply Chain Matters

Moeller Maersk in conjunction with the reporting of Q3 quarterly financial performance announcing that the company will cut more than 10,000 jobs amid a current surplus of shipping vessels, sharply lower freight rates and contracting levels of shipping demand.

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How To Overcome The Current Supply Chain Disruptions As A Manufacturer

Precoro

Such an interruption can affect any of the supply chain steps, often involving sourcing of raw materials, production, and distribution of goods or services. Let's look at some specific steps that procurement leaders can take to minimize the possible financial impact of supply chain disruption. Diversify your suppliers.

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Strikes and protests disrupt supply chains, globally

Resilinc

At the same time, street blockades and trucker strikes are exacerbating those desabastecimientos in population centers such as Panama City. Of course, those companies that have already taken a deep dive into supply chains risks such as sole-source dependencies will be in a better position to adapt. In the spotlight for U.S.

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U.S. West Coast Dockworkers Enacting Multi-Day Job Actions

Supply Chain Matters

But shipping industry sources now indicate that negotiations deteriorated last week over the scope of expected dockworker wage increases. freight and logistics sector in in a condition of contractionary recession , that adds to demands for higher worker compensation. Further, as we indicated in a prior commentary, the U.S.

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What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

This shows importers are shifting their sourcing locations to countries other than China. gulf region due to Panama Canal restrictions. In fact, there were some instances where vessels had to unload cargo in Panama to get through the canal. Have a plan for freight once it reaches port. Procure enough capacity.