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Those goods flowed through three regional hubs – in Singapore, Panama City, Panama and Stabio, Switzerland – to 49 distribution centers, 24 of which VF operates. The supply plan will include the procurement plan for their raw material supplies (Tier 2) needed for their finished goods suppliers (Tier 1).
As 2015 comes to an end, a quick thank you to all of our readers, followers, and sponsors for another great year of learning and conversation on Talking Logistics. But it’s the positive feedback we receive regularly from supply chain and logistics professionals like you that means the most to us. – Pedro B. Top 10 Video Episodes.
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.
Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU.
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. The May report narrative reinforced that that “the negatives seem to outweigh the positives in the logistics industry.”
The Related Concern The related concern is the ongoing drought conditions in the areas surrounding the Panama Canal which for weeks have restricted the volume of vessels that can transit this canal because of the low water levels in the staging basin area. container traffic travels through the Panama Canal every year.
More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue.
However, Nerijus Poskus, director of pricing and procurement for the freight forwarder and customs broker Flexport, predicts that this spike won’t last longer than one or two months. In addition, the recent expansion of the Panama Canal has led companies to build larger, newer ships. But now, hundreds of these ships sit empty and idle.
Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU.
Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) are designed to boost economic growth through trade by opening markets by way of progressive removal of customs duties, eliminating or reducing trade barriers and tariffs, lifting restrictions on services and even through public procurement. Netherlands Antilles.
From the Panama Canal opening to a record year in ecommerce, the happenings of 2016 have kept everyone on their toes. The Panama Canal is a prime example of a global vision being realized. With the rise of autonomous vehicles and global procurement, 2017 is gearing up to be another big year for the transportation industry.
Judah Levine December 13, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $1,603/FEU.
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.
The report additionally cites the reasons for this year’s low levels of traditional hiring as being the NRF’s indications of lowered expected holiday spending on products and that retailers and logistics services providers can meet additional demand with existing part-time employees. All rights reserved.
Judah Levine December 6, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) were level at $1,620/FEU.
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.
Judah Levine December 19, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 3% to $1,556/FEU.
Judah Levine November 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,613/FEU.
Judah Levine December 28, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $1,659/FEU. But the number of impacted Asia – N.
Let's look at some specific steps that procurement leaders can take to minimize the possible financial impact of supply chain disruption. Invest in sophisticated procurement systems , automation, and AI to capture data that maximizes the end-to-end visibility of capacity, demand, finances, inventory, and supply.
Businesses can no longer afford to function based on a linear “push” model – where they procure raw materials, produce goods, and go to market with what they have, whenever they have it. You can minimize costs across the supply chain (procurement, production, and distribution).
Judah Levine February 13, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 11% to $4,859/FEU.
As 2024 begins, two of the world’s most critical ocean transit corridors, the Suez Canal , and the Panama Canal are facing threats of shipping disruption as global geopolitical tensions and terrorist threats escalate. Truck and rail transportation movements across the Mexico and U.S.
Inventory management and cost control remains paramount including mitigating the risks of added disruptions in global wide ocean transport brought about by the Red Sea and associated Suez Canal diversions as well as Panama Canal transit time increases. All rights reserved.
Once more, this does not solely apply to businesses, but also transportation and logistics services firms as well. As the BBC noted in its reporting last week : “ Small states like the Marshall Islands, Liberia and Panama have huge numbers of ships sailing under their national flags but they have no real responsibility for these vessels.”
Rozsa reports that Thomas Goldsby , the Dee & Jimmy Haslam Chair in Logistics at the University of Tennessee’s Haslam College of Business, requires his undergraduate students to select a company and try to map its supply chain. Most recently, drought conditions in Panama limited the flow of ships through the Panama Canal.
Judah Levine January 24, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 15% to $2,966/FEU.
At the same time, street blockades and trucker strikes are exacerbating those desabastecimientos in population centers such as Panama City. For supply chain managers, the labor actions of greatest concern are in transport and logistics. They are also disrupting global supply chains.
Business media has further reinforced that at same time, the Panama Canal , which is the globe’s other key transit route, continues to deal with restraining daily transit levels because of low water levels brought about by severe drought. Here are, from our lens are some early evidence points.
A new consideration to such shifts is a current development related to ongoing concerns toward increased lowered water levels in the approaches to the Panama Canal. In this storms path have been significant wind and flooding related damage along with disruptions to transportation and logistics that are now being assessed.
The most significant news in global transportation and logistics circles late last week and this week are U.S. End to end logistics visibility technology provider projet44 provided Supply Chain Matters the below chart depicting median import and export dwell times for the Port of Los Angeles that depicts the actual daily impacts.
Business media has further reinforced that at same time, the Panama Canal , which is the globe’s other key transit route. Is the context being applied to the Red Sea disruption, or to the broader and ongoing combined Red Sea and Panama Canal related disruptions? That has since led to rebels targeting U.S.
For example, the widening of the Panama Canal will change the conditions here in North Carolina, as enormous container ships will be circumnavigating the globe. And in Panama a huge transshipment area will grow where they will will do break bulk, put cargo onto smaller ships and send to North America.
One is a rather significant acquisition announcement that has the potential to change the global transportation and logistics landscape. maritime transportation, state of the art warehousing, logistics and air freight capabilities. based maritime transport, added logistics and warehouse services.
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