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Red Sea and Suez Canal Shipping Crisis Update

Freightos

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.

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The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

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).

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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. Further, Japan based shipping line Mitsui OSK Lines indicated a belief that this disruption could extend thru the balance of 2024.

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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. The May report narrative reinforced that that “the negatives seem to outweigh the positives in the logistics industry.”

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November 7, 2023 Update

Freightos

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.

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Supply Chain Matters News Capsule Follow-Up

Supply Chain Matters

Rivian Automotive is now free to sell its EV parcel vans to other parcel carriers, and added reinforcement from multiple ocean container shipping carriers that the existing industry volume declines could extend for two to three years. Increased automation of fulfillment services is cited as a further reason.

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Hanjin Shipping Bankruptcy

3PL Insights

Global Shipping Effects of the Hanjin Bankruptcy. Hanjin Shipping, a South Korean company and the seventh largest container shipper in the world, filed for bankruptcy on Wednesday, August 31, 2016, which has prompted significant questions and confusion around the world as to how this will affect global shipping.