Freightos

JANUARY 3, 2024

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. The number of impacted Asia – N.

Shipping 303

Shipping Negotiating Skills Asia Yemen 303

Freightos

NOVEMBER 15, 2023

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. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU.

Price Reduction 259

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 259

Freightos

DECEMBER 28, 2023

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. Asia-US East Coast prices (FBX03 Weekly) were level at $2,505/FEU.

Negotiating Skills 194

Negotiating Skills Price Reduction Asia Vendor Strategies 194

Supply Chain View from the Field

NOVEMBER 12, 2014

I was in Houston yesterday evening, speaking to a large group of procurement executives at a roundtable held by KPMG’s Procurement Advisory Group, at the fabulous Brennan’s restaurant on Smith Street. There was also a discussion about the challenges of accessing good data necessary for driving SRM initiatives forward.

Procurement Analytics 102

Procurement Analytics Procurement Solutions El Paso Houston 102

Supply Chain Matters

NOVEMBER 14, 2023

In the short term, drought-conditions that continue in the waters surrounding the Panama Canal continue to face long waits for traversing, or potential detours. Some carriers who invested prior windfall profits in other non-freight and global logistics related areas may have a buffer in costs and potential offsetting revenues.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Cost Reduction Strategies 52

Freightos

FEBRUARY 13, 2024

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. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $6,589/FEU.

Negotiating Skills 194

Negotiating Skills Optimal Sourcing Asia Europe 194

MIT Supply Chain

NOVEMBER 6, 2014

The widening of the Panama Canal to enable larger ships to pass through the trade artery will generate this traffic. As an alternative to stockpiling locally, decision makers in the public and private sectors should consider a pooled procurement process, says Goentzel.

Government 58

Government Resource Reduction Inventory Reduction Waste Reduction 58

Freightos

DECEMBER 19, 2023

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. Asia-US East Coast prices (FBX03 Weekly) were level at $2,509/FEU.

Negotiating Skills 224

Negotiating Skills Asia Europe Optimal Sourcing 224

Supply Chain Matters

JANUARY 3, 2024

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.

Predictive Analytics Software 59

Predictive Analytics Software Sourcing Strategies Manufacturing Procurement Supply Chain Strategy 59

Kinaxis

OCTOBER 23, 2015

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. Care should be taken to understand each node in your supply chain—rail lines, ports, choke points, distribution centers—and identify potential risks associated with each.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy Supply Chain 100

Supply Chain View from the Field

DECEMBER 5, 2014

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.

Supply Chain Network Software 68

Supply Chain Network Software Meeting Transportation North Carolina 68

CH Robinson Transportfolio

JANUARY 8, 2016

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.

Supply Chain Planning 34

Supply Chain Planning Panama Scenario Planning Price Reduction 34

Talking Logistics

DECEMBER 22, 2015

Leading Practices in Transportation Procurement (2,166 views). The Panama Canal Expansion: The Impact on Logistics Strategies and Operations (2,057 views). Market Fluctuations in the Oil and Gas Industry: A Catalyst for Supply Chain Improvement (2,327 views). What Are Other Shippers Doing?

Video 70

Video Logistics Network Optimization Software Optimal Sourcing Logistics 70

3PL Insights

SEPTEMBER 12, 2016

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.

Shipping 69

Shipping Cargo Panama Forecasting 69

SYSPRO Smarter ERP

JANUARY 19, 2022

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. The latest super container ships do not fit through the Panama Canal and must take the long route and travel around Cape Horn to get to the US East Coast harbors. Shipping challenges.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chain Planning 105

Resilinc

JANUARY 31, 2024

Focus on materials critical to your highest revenue products Procurement and supply chain managers need to adopt a new mindset for building more resilient supply chains. Integrate supplier risk insights into planning and procurement strategy Neglecting supplier data and supply chain disruption data is out with the end of 2023!

Supply Chain Risk Management 111

Supply Chain Risk Management Supply Chain Planning Software Risk Management Material Savings 111

Precoro

MARCH 22, 2023

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.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Disruption Supply Chain Planning Software Material Savings 52

Supply Chain Matters

MARCH 5, 2024

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.

Manufacturing Procurement 59

Manufacturing Procurement Global United Kingdom Purchasing Skills 59

Supply Chain Matters

SEPTEMBER 1, 2023

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. Various industry procurement, product management and operations teams will likely be monitoring the effects of all of these significant storms in the days and weeks to come.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Manufacturing Procurement Supply Chain South Carolina 52

CH Robinson Transportfolio

DECEMBER 19, 2016

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.

Trends 34

Trends Supply Chain Software Panama Supply Chain 34

Resilinc

JULY 19, 2022

At the same time, street blockades and trucker strikes are exacerbating those desabastecimientos in population centers such as Panama City. They are also disrupting global supply chains. Protests in response to inflation and shortages of food and fuel are occurring on every continent.

Sri Lanka 62

Sri Lanka Supply Chain Software Global Negotiating Skills 62

Freightos

JANUARY 24, 2024

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.

Negotiating Skills 224

Negotiating Skills Asia Optimal Sourcing Europe 224

Supply Chain Matters

JULY 10, 2023

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.”

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Strategy Sourcing Strategies Supply Chain Planning 40

Freightos

DECEMBER 13, 2023

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. Asia-US East Coast prices (FBX03 Weekly) climbed 5% to $2,497/FEU.

Negotiating Skills 224

Negotiating Skills Optimal Sourcing Price Reduction 224

Freightos

DECEMBER 6, 2023

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. Asia-US East Coast prices (FBX03 Weekly) were also level at $2,367/FEU.

Negotiating Skills 243

Negotiating Skills Price Reduction Asia 243

Supply Chain Matters

JUNE 6, 2023

That should have been a good contingency plan albeit the new consequences of severe drought occurring in South America which has impacted the water levels of the Panama Canal resulting in increasingly slower transit times. East Coast Ports during the negotiation period.

Los Angeles 52

Los Angeles South America Manufacturing Procurement Supply Chain Planning Software 52

Freightos

NOVEMBER 28, 2023

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. Asia-US East Coast prices (FBX03 Weekly) fell 1% to $2,362/FEU.

Negotiating Skills 196

Negotiating Skills Price Reduction Vendor Strategies 196

CH Robinson Transportfolio

AUGUST 14, 2019

gulf region due to Panama Canal restrictions. In fact, there were some instances where vessels had to unload cargo in Panama to get through the canal. Ocean shipping volumes into the East Coast have remained somewhat steady this year, due in part by the Panama Canal’s weight restrictions. Procure enough capacity.

Forecasting 34

Forecasting Panama South Korea United States 34

Supply Chain Matters

DECEMBER 20, 2023

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.

Global 52

Global Panama Asia 52

Supply Chain Matters

JANUARY 19, 2024

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.

Shipping 52

Shipping Transportation Supply Chain Planning Software Scenario Planning 52

Supply Chain Matters

FEBRUARY 5, 2024

Transit to and from the Panama Canal further remains constrained by lower basin water levels brought about by climate drought conditions. Various ocean container and bulk shipping vessels remain compelled to bypass this transit point to and from the Suez Canal , and to route instead around Africa to reach European and other major ports.

Manufacturing Procurement 52

Manufacturing Procurement South Korea Manufacturing Global 52

Supply Chain Matters

JANUARY 5, 2024

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. That is in the light of expected excess shipping vessel capacity available in 2024.

Shipping 52

Shipping Panama Los Angeles Cost Reduction Strategies 52

Supply Chain Movement

MARCH 14, 2016

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.

Guinea-Bissau 60

Guinea-Bissau Virgin Islands Papua New Guinea Burkina Faso 60