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Demo Perez and Joe Lynch discuss Panama: the logistics engine of Latin America. Demo is a Founding Partner and Chief Commercial Officer of IPL Group , a Panama based 3PL that helps companies expand their business into the Latin American market by simplifying order fulfillment and regional distribution.
Background on Ocean Transport. I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25
The National Transportation Safety Board has recommended the installation of such technologies in all new passenger vehicles. Retailers are reviving an old playbook to manage their inventory levels after four years of struggling to find the sweet spot of holding enough merchandise but not too much.
German logistics giant DHL Group is advising customers to take a close look at how they manage inventories as shippers switch away from the Red Sea, though trade associations said they did not expect any notable disruptions for Europe’s top economy. DHL Group does not operate ships but it uses them to transport containers.
and European companies may last longer than expected as they try to sell off their bulging inventories in an economic climate where demand is stalling. and European companies may last longer than expected as they try to sell off their bulging inventories in an economic climate where demand is stalling. 11 release.
Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. And now on to this week’s logistics news. general merchandise stores expanded 1.2
These disruptions occur for myriad reasons, such as factory disruptions in China or ships getting stuck in the Panama Canal. A disruption in one function impacts all other functions across the supply chain, including supplier management, order management, transportation management, warehouse management, and demand management.
Background on Ocean Transport. I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25
Or the Panama Canal drought, which forced authorities to cancel ship crossings by 36%, costing between $500 million and $700 million. The result was a shift and acceleration towards nearshoring, reshoring, and source diversification.
What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. How long will the Panama Canal drought last? Which countries are impacted by the Panama Canal drought?
Find the Money – How a Transportation Spend Diagram Can Help. Guess Who Announced New Transportation Management Software (TMS) Functionality Yesterday. Taking a Holistic View on Inventory May Lead to Change in Strategy. The Panama Canal Expansion: The Impact on Logistics Strategies and Operations (1,410 views).
New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC. When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). A transportation management system (TMS) can help shippers weigh the pros and cons of each option. Triad of factors.
In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. However, the end of the recession and an increase in demand for transportation services did not restore the motor carrier industry to its former state. In the U.S.,
Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map [DK1] , which was written collaboratively with Boston Consulting Group.
To anticipate and respond to high customer demand, a modern Transportation Management System (TMS) needs to optimize inventory allocation. A TMS with inventory allocation enables shippers to monitor shipments down to the package level. Netherlands Antilles. New Caledonia. New Zealand. Norfolk Island. Northern Mariana Islands.
Heading into this year, the global shipping disruptions that impacted transit times related to having to avoid the Suez Canal because of Red Sea terrorist attacks, or reduced water levels in the Panama Canal requiring reduced transit slots were generally mitigated. Global wide manufacturing activity levels as measured by the J.P.
The Panama Canal expands in 2016. If costs were all that mattered, these shippers would route their products through the expanded Panama Canal to reach Columbus via rail from the New York-New Jersey port. First, more inventory would be in transit at any given time. What will it mean for U.S.
The possibility of disruptions at major ports like New York/New Jersey, Savannah, and Baltimore has businesses facing the real danger of shipment delays, inventory shortages, and cost increases. Increasing Inventory Levels : Some companies are preemptively increasing inventory levels at domestic warehouses to buffer against potential delays.
The report specifically indicates : “ November’s dip was largely triggered by a decline in Inventory Levels (-9.1) and Transportation Capacity (+5.2) and Transportation Utilization (-10.7). The authors added: “ Essentially, November’s decline seems to have come because firms are selling off inventories quickly.
Communicate with the destination distribution centers and warehouses to ensure they have the ability to plan and receive the additional inventory. There is also a good possibility that carriers might discharge cargo at the main transship points of Panama, Cartagena, and Colon and declare force majeure. inland points.
Even when factoring in an economy that is healthier than a year ago, these numbers suggest retailers are pre-loading Holiday inventory. Blog Post: Who Will Win the Race for Freight in the Panama Canal Expansion? Blog Post Asia Global Ports Shipping Transportation' Photo Credit: Jim Bahn.
Goods have to be transported across the globe and across the neighbourhood. Goods have to be transported across the globe and delivered to different destinations – from congested cities to remote, rural areas. The main challenge in logistics is an increasing complexity of trade-offs in transport planning. New Caledonia.
The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. Truck and rail transportation movements across the Mexico and U.S.
Now we have labour disruptions and the Panama Canal drought, which in normal circumstances would lead to an uptick in freight rates as they adsorb effective capacity, but any significant price effect is now highly doubtful in the current market.” This survey was conducted in May among participants in the global freight forwarding community.
ports to make up the current backlog of ships and container inventory, the standoff’s impact is expected to be more far-reaching than initially thought. Long Beach and Los Angeles – approximately 24 miles apart – are the two largest container ports in the U.S. Standoff to Affect the Supply Chain?
ports to make up the current backlog of ships and container inventory, the standoff’s impact is expected to be more far-reaching than initially thought. Long Beach and Los Angeles – approximately 24 miles apart – are the two largest container ports in the U.S. Standoff to Affect the Supply Chain?
Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map , which was written collaboratively with Boston Consulting Group.
Maritime transport is the main artery of global trade. The intricate networks of shipping routes, ports, and inland terminals have strengthened the interconnectedness of the world economy, and maritime shipping is the critical mode of global transport. Yet these chokepoints are vulnerable to disruptions.
Further reported was that supplier delivery performance levels deteriorated for the first time attributed to trucking and transportation delays. Quicker declines in finished goods inventories and a softer reduction in pre-production stocks were noted. up 2 percentage points from the 47.1 level reported for December. percentage points.
The manufacturer can always stock extra inventory, maintain low capacity utilization, and have multiple suppliers. Take the case of the recent issues at the Suez and Panama Canals. Reduce Redundancy A resilient supply chain is built on the premise that redundancy is acceptable, but only to a certain limit.
The CFC, which consists of transportation stakeholders across the trucking and motorcoach industries, says that policymakers must address these cost concerns and infrastructure hurdles to make an electrified supply chain function smoothly for the American economy. Intel wins $19.5
As many shippers front-loaded inventory in the second half of 2018—especially the fourth quarter—to avoid potential tariff increases, the market saw drastic volume increases beyond what we’ve come to expect from years’ past. Higher inventories to avoid tariffs. gulf region due to Panama Canal restrictions. East Coast ports.
Identify Alternative Transportation Routes. For example, the Panama Canal has already restricted the size of ships permitted to pass through it due to drought conditions created by El Niño. Assess Inventory Positions. Massive flooding can literally wash away critical infrastructure in your supply chain.
Business media has further reinforced that at same time, the Panama Canal , which is the globe’s other key transit route. retailers are already experiencing notifications of extended arrival times of ordered inventory. That has since led to rebels targeting U.S. flagged shipping as well as other countries. Some European and U.S.
Inventory stock turns in Days. Inventory management. Transportation. Inventory levels. But in Supply Chain you would normally expect to see the following standard set, along with those that are more specific to your business needs. DIF – Delivery in Full. DOT – Delivery on Time. DIFOT – Delivery In Full on Time.
Hapag-Lloyd: Shipping and container transportation company. Shipping and container transportation company. Will stop transporting cargo to and from Israel (Dec 17). Nippon Yusen : Transportation and logistics. Yang Ming Marine Transport Corporation: Container transportation. Will reroute shipments.
Even a wider Panama Canal can’t accommodate the largest ships on the water, some with capacity exceeding 20,000 twenty-foot equivalent units (TEUs). Shippers are carrying excess inventory because they can’t trust service providers to deliver the goods in a timely fashion that meets the demands of the modern-day consumer.
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