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Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen. The Suez Canal is the shortest route for container traffic from Asia to the Mediterranean and Europe, and is also used for some volumes from the Far East or Southern Asia to North America.

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How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

Those sourcing requirements are scheduled to increase by 10% every year beginning in 2023. The Inflation Reduction Act aims to ensure critical minerals are sourced ethically and sustainably, as well as in a manner that helps stimulate US manufacturing growth. The maximum MSRP for those products is $80,000. That’s right.

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This Week in Logistics News (July 3 – 9)

Logistics Viewpoints

The kick-off to the 2020 Summer Olympics in Tokyo, Japan is just two weeks away, after being postponed last summer due to the Covid-19 pandemic. Earlier this week, a resurgent coronavirus forced Japan to declare a state of emergency in the capital that will run throughout the event.

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How Pure Storage Withstood the Pandemic

Logistics Viewpoints

Dual sourcing has also helped with partner responsiveness. Pure Storage reduced their dependency on sourcing from the Far East. They moved their core sourcing location for core subassemblies to the US and Mexico. 70% of Pure Storage’s business is in North America. There are also monthly executive review meetings.

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Apple’s China Problem

Logistics Viewpoints

What happened instead was massive theft of intellectual property, huge trade deficits, the hollowing out of the middle class in Europe and North America, and the rise of nativist politics. It might be possible to get some Chinese manufacturing and sourcing partners to open operations in nations like Vietnam and Malaysia.

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Top 20 Warehouse Automation Suppliers Worldwide

Logistics Viewpoints

This growth was primarily attributed to the long-term project business, and regionally to North America and western Europe. Fortna’s framework includes consulting, design, planning, sourcing, implementation, and lifecycle services. In 2021, the SCS segment revenues grew an impressive 44.5 Lee Partners.

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Kinexions, a tale of growth and potential

Kinaxis

by Trevor Miles I’m on my way back from Tokyo where I attended our user conference, Kinexions Tokyo , in Japan, just 5 weeks after our Kinexions North America user conference in San Diego. In wrapping up, let me give a quick shout-out to Watanabe-san of Abeam Consulting who presented the keynote in Japan.

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