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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.
00:51] Tell us about yourself and what you do in Panama. I was born and raised in Panama and manage a 3PL. My main role is to promote the hub that Panama offers to the world. [02:19] 03:52] You’re the General Manager of Logistics Services Panama. Panama is becoming more interesting, and not only for the US. [10:40]
Global shipping is national news with most stories covering the symptoms. Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged. meters, to accommodate ships with 20 rows of containers) and 15.2 meters, to accommodate ships with 20 rows of containers) and 15.2
(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has published the latest edition of its Ocean Shipping Index, a quarterly benchmark report that provides insight for decision-making around global ocean shipments.
Those goods flowed through three regional hubs – in Singapore, Panama City, Panama and Stabio, Switzerland – to 49 distribution centers, 24 of which VF operates. VF had committed itself to largely selling goods to consumers in the same region they are manufactured in. BOMs are critical for sourcing and manufacturing.
Full-to-bursting warehouses means fewer orders for manufacturers, which translates into lower levels of business activity and, ultimately, weaker growth. The massive pileup is a result of water conservation measures the Panama Canal Authority deployed in late July due to drought. And now on to this week’s logistics news. 11 release.
Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). Some major ocean carriers have also announced new fees for goods shipped on the route as of June 1 in response to the canal restrictions.
It’s good to see these companies recognizing the impact of climate change, and changing their policies, sourcing, and manufacturing practices to reduce emissions. Now, the EU has decided to phase out the free allowances, and the taxes will depend on where a company manufactures its goods.
Global shipping is national news with most stories covering the symptoms. Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged.
The Panama Canal opened a new lane for larger ships this week, and East Coast ports have been expanding efforts to attract Asian imports that would otherwise arrive on the West Coast. The canal expansion has run into plenty of obstacles along the way, and many East Coast ports still aren’t ready to accommodate the larger ships.
There’s no doubt that the pandemic, with its harsh lockdowns and impact on economies worldwide, has played a dramatic role in the supply chain disruptions being experienced by manufacturers. This is to avoid more costly routes such as the Panama Canal or taking the long haul around the tip of Africa or South America.
As world affairs go, the most recent Global Liner Shipping conference in London did not stir up much interest in the global news cycle. The Panama papers were still hogging the headlines and competing hard against dissections of mishaps in the private lives of British politicians. The China effect.
Drought conditions at the Panama Canal are not a good match for its high water demands; it takes at least 50 million gallons of water , with some sources citing much more, to move a single ship through the 51-mile waterway. Under normal operating conditions, the Panama Canal handles 36 to 38 ships per day.
Many sectors are affected by droughts, including agriculture, energy, water, utilities, and manufacturing. Water shortages burdened Panama Canal shippers with extraordinary delays and cost increases, serving as a reminder to greater consider changing climate and weather patterns in supplier contracting and logistics planning.
That stated, in certain regions such as across Europe and China , the year continues to present economic and manufacturing challenges. That was because global wide ocean container shipping lines had so many new ships entering service this year, that this added capacity was able to buffer more immediate impacts.
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). As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size.
The latest updates on shipping delays in the Red Sea in January 2024, including which businesses and industries have been impacted. This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs.
The Panama Canal expands in 2016, allowing for more and larger (post-Panamax) ships to make the passage from East Asia to the United States. Our paper looked at the question of how much traffic the expanded Panama Canal would divert to East Coast ports from a number of angles. In 2015, the Boston Consulting Group and C.H.
There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. ERP can help companies cope with Supply Chain.
The next step of the ZEV declaration integrates workstreams of the United Nations Framework Convention on Climate Change (UNFCCC) High Level Action Champions (HLAC) with Automotive Manufacturers and The Climate Group’s EV100 to avoid duplication of effort and to pool resources. Shipping Routes: Clydebank Declaration.
The goal is to be able to trace individual parts to the exact site where they are manufactured. Part-site” mapping adds the most value because it enables manufacturers and companies to know exactly what parts and materials may be delayed by an event affecting a specific site.
Global Production Activity Rise Global-wide manufacturing levels as depicted in the J.P. Morgan Global Manufacturing PMI® began 2024 with output levels rising for the first time in eight months. Global manufacturing employment levels fell for the fifth straight month. Manufacturing , there were mixed consensus.
One manifestation of this problem is that multiple ports on the east coast are deepening their approach channels in order to attract bigger cargo ships. The widening of the Panama Canal to enable larger ships to pass through the trade artery will generate this traffic. The situation is exacerbated by local stockpiling.
Panama Canal expansion to be complete by end of June ( Reuters ). Improved workflows to enable collaborative New Product & Technology Introduction and automated manufacturing instructions to outsourced manufacturing operations. Manhattan Associates Reports Record Fourth Quarter and Full Year 2015 Performance.
These ports handle a significant portion of the nation’s containerized cargo, especially for the consumer goods, retail, and manufacturing sectors. A prolonged strike could paralyze inbound and outbound shipping, creating bottlenecks that ripple across the entire economy. Thirteen of the ships are scheduled to arrive after Sept.
While the worst of the pandemic appears to be behind us, COVID-19's impact on manufacturing supply chains continues to reverberate the landscape. Worse, new waves of infection in China show manufacturers may not be out of the woods yet. Consequently, supply chains today are struggling to cope with sales growth.
Many sectors are affected by droughts, including agriculture, energy, water, utilities, and manufacturing. Currently, the Panama Canal, one of the world’s most important waterways, faces one of the driest years in over 140 years. Learn more in our Special Report: How Industries are Adapting to the Panama Canal Drought.
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. The re-routing trend has accelerated in recent months as many ships have lined up along the West Coast waiting for ports to resume operations. East Coast Ports Growing.
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. The re-routing trend has accelerated in recent months as many ships have lined up along the West Coast waiting for ports to resume operations. East Coast Ports Growing.
Slight Rise in Global Wide Production Activity Global-wide manufacturing levels as depicted in the J.P. Morgan Global Manufacturing PMI® was headlined with back-to-back expansion levels in February. The HSBC India Manufacturing PMI® rose from 56.5 Manufacturing Among the two reported PMI reports relative to U.S.
But the implications of this standoff between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association go beyond idle ships and stranded freight containers. First, over the next several years, new shipping options will become available to US companies.
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. Manufacturing and Supply Chain Activity Levels- Global-wide manufacturing levels as depicted in the J.P.
Manufacturers and retailers welcome the ongoing consolidation in the fragmented logistics industry. Eyefortransport is currently seeing major consolidation occurring in the shipping industry and expects to see further moves as logistics providers look to take advantage of e-commerce, cross-border trade and shifting global demand.
Manufacturers and retailers welcome the ongoing consolidation in the fragmented logistics industry. Eyefortransport is currently seeing major consolidation occurring in the shipping industry and expects to see further moves as logistics providers look to take advantage of e-commerce, cross-border trade and shifting global demand.
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. Transiting the Suez Canal from Asian ports is estimated to be 15 percent costlier in 2024.
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. While the drought in Panama has ended and shipping is rebounding, the Suez Canal, where traffic has been cut in half, remains an issue.
However, economic and manufacturing recession conditions are now being observed. The latest announced agreement involving the global wide shipping industry for net zero emissions “ by and around 2050 ” is a case in point. Once more, this does not solely apply to businesses, but also transportation and logistics services firms as well.
could design and manufacture the advanced computer chips that power everything from lawnmowers to supercomputers on its own soil, instead of having to outsource production to Asia. Unspun’s Vega machine makes clothes on-demand, eliminating the traditional cut-and-sew process of textile manufacturing altogether. Intel wins $19.5
Persistent Red Sea Risks Continue to Disrupt Critical Trade Route The ongoing conflict in Yemen has created several shipping risks in the Red Sea. Persistent Red Sea Risks Continue to Disrupt Critical Trade Route The ongoing conflict in Yemen has created several shipping risks in the Red Sea. Delays have led to higher costs for goods.
Understand how the recent Red Sea ship attacks are impacting global supply chains and how to mitigate potential risks. Ships are avoiding Egypt’s Suez Canal, the shortest maritime route from Europe to Asia and one of the world’s most important waterways, which accounts for about 12% of the world’s shipping traffic.
West Coast dockworkers incurring job actions that are hindering container ship unloading among various port terminals. But shipping industry sources now indicate that negotiations deteriorated last week over the scope of expected dockworker wage increases. Labor contract renewal negotiations among the labor unions representing U.S.
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. The development is resulting in building multiday backup of ships waiting to traverse the canal.
Retailers and manufacturers are flying more goods around the shipping crisis in the Red Sea , industry experts say, helping boost international airfreight operators after a long period of sagging cargo volumes. Now 27 ships navigate the Panama Canal each day, compared with 39 previously.
The e-commerce market leader is buying up industrial property and restructuring its sprawling distribution network as it looks to speed up package delivery and cut shipping costs. Amazon’s post-pandemic pullback in logistics expansion is over as the company turns competition for consumer spending into a battle over real estate.
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