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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.
I seethed as the news stations celebrated supplychain success for the December holidays. Global shipping is national news with most stories covering the symptoms. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. I am worried.
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]
If Logistics Services Providers (LSPs) and shippers thought 2024 was going to be smooth sailing, the dual impact of the ongoing Panama Canal congestion and Red Sea shipping attacks has been a rude awakening with severe delays in container transportation, higher costs of ocean freight, and unpredictable departure and arrival times.
Anytime you have a chance to talk to an executive vice president in charge of the global supplychain of a nearly $12 billion corporation, you know you will learn some things. Cameron Bailey, EVP of Global SupplyChain at VF Corporation, did not disappoint. Achieving Agility with Regional SupplyChains.
While the impact on planet Earth is evident, and companies and countries are making strides to reduce emissions, climate change is also wreaking havoc on global supplychains. And there are a variety of ways in which climate change is affecting supplychains. All of these can have disastrous effects on the supplychain.
NYSE: ETWO), the connected supplychain 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.
and Israeli startups focused on logistics, the supplychain and customer fulfillment. and Israeli startups focused on logistics, the supplychain and customer fulfillment. Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. East Coast.
Byron is the Founder and CEO of Zergratran , an innovative and sustainable high-capacity transportation company that is building the world’s first tunnel to expedite shipping goods between the North Atlantic and the North Pacific. The Panama Canal bottleneck is causing supplychain disruptions worldwide and constraining global trade.
Amazon shipped last-minute Christmas gifts faster in 2023 than in 2022, according to data from analyst firm Momentum Commerce. products on the platform warned it would ship after Christmas. products on the platform warned it would ship after Christmas. DHL Group does not operate ships but it uses them to transport containers.
2024 is kicking off right where 2023 left off: with lots of risk and uncertainty in ocean shipping, as several of the news items below highlight. What lies ahead in the world of supplychain and logistics? I hope everyone had a fun and relaxing holiday. Everything from the known knowns (e.g.,
By Roy Bridgland (pictured) Senior Industries Director at Blue Yonder The post Impact of the Chinese New Year, Panama Canal & Red Sea on Global Shipping appeared first on IT SupplyChain.
A wave of chaos followed that turned the supplychain upside down, forcing it to adapt, transform, and learn at an accelerated pace. 3 long term changes to the supplychain 1. Or the Panama Canal drought, which forced authorities to cancel ship crossings by 36%, costing between $500 million and $700 million.
I seethed as the news stations celebrated supplychain success for the December holidays. Global shipping is national news with most stories covering the symptoms. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. I am worried.
The high stock levels are the result of retailers, wholesalers and manufacturers stockpiling everything from beer to DIY tools, chemicals and clothes as COVID-19 lockdowns snarled supplychains and shut factories. Now, global demand is falling as borrowing costs have risen, so companies have started running down stocks. 11 release.
The world’s oceans have been a vital part of global trade since humans first launched ships from shore. As a result, maritime shipping lies at the very heart of the global logistical system. In this concluding article, I want to discuss how climate change risks are adding to challenges faced by shipping firms and their clients.
store operations by 9 percent over the past year, slashing hundreds of millions of dollars of goods from their balance sheets and suggesting space is opening up in their jammed supplychains. Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S.
Elenjickal noted that over the last 36 months, supplychains have become more complex than ever before. This leads supplychains to continue to operate in silos, rather than in a connected manner. As a result, supplychains continue to be wasteful when looking at time, inefficiencies, and emissions.
So, while I still have the energy, here’s the supplychain and logistics news that caught my attention this. Read more The post Above the Fold: SupplyChain Logistics News (December 8, 2023) appeared first on Talking Logistics with Adrian Gonzalez. Poking, poking, poking me awake whenever I started to fall asleep.
Beagen has extensive experience in oceanborne commerce and maritime law, with specific emphasis on maritime transportation, Shipping Act issues, supplychain management, international antitrust law, and port and terminal operations. Port X Logistics provides drayage to and from all ports and ramps in the USA and Canada.
Read more The post Above the Fold: SupplyChain Logistics News (March 15, 2024) appeared first on Talking Logistics with Adrian Gonzalez. Those messages have been a source of strength and inspiration for me during my recovery. Thank you for thinking of me and reaching out.
The Ferrari Consulting and Research Group through its affiliated SupplyChain Matters blog provides both perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global SupplyChains. Supplychain teams benefitted from such actions.
The fact remains that supplychains have many working parts. Another valid concern about larger vessels is that a ship carrying 18,000 to 19,000 TEUs will need about 100 acres of terminal within the port to carry out efficient operations. The expanded Panama Canal is expected to officially open this June.
Navigate the top climate change issues set to impact the supplychain in 2024. As temperatures continue to rise, the intersection of climate change and supplychain resilience demands increased attention from businesses worldwide. In April, the Panama Canal Authority will reevaluate water levels.
The Forum’s Global Agenda Council on Logistics & SupplyChains , which meets virtually and at the annual Summit on the Global Agenda in the United Arab Emirates, has just published its second annual report. The Global Agenda Council on Logistics & SupplyChains is currently chaired by Alan C.
What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. Some ships were delayed by as much as 21 days. How long will the Panama Canal drought last?
Last month the world’s largest container ship, the MSC Oscar , set sail from a South Korean shipyard. It’s hard to comprehend just how large the ship is… here are some examples of what it can carry: 19,000 shipping containers. These massive ships are also behind the current project to widen the Panama Canal.
Port X Logistics provides safe and just-in-time truckload services, unique problem-solving for supplychain solutions, worry-free crisis management services, and collaborative and dedicated project management from start to finish. Port X Logistics specializes in expediting containerized cargo throughout the US and Canada.
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.
Panama Canal delays causing unrest for Shippers The Panama Canal is currently facing disruptions due to low water levels and restrictions imposed to conserve water. Delays at the canal have…
For enterprise forwarders and carriers, the marching orders for Q2 appeared to be freight visibility, as a number of companies unveiled solutions to enhance cross-supplychain visibility of shipments. Meanwhile, US import changes from the expanded Panama Canal will gradually shift some 10% of West Coast imports to the East Coast. . .
billion Panama Canal expansion project was completed. The canal reopened with a new set of locks on both the Atlantic and Pacific sides for ships to easily flow through the canal without risk of delay due to accident or various water levels. This time last year, the $5.25 During the expansion, there was also an. Read More.
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 price we have to pay to keep the industry afloat.
This blog was co-written by Chirag Modi , Corporate Vice President, Industry Strategy – SupplyChain Execution and 3PL Global Lead, and Jen McQuiston , Product Marketing Director. Under normal operating conditions, the Panama Canal handles 36 to 38 ships per day. Wait times to cross the canal have increased from 2.5
Massive supplychain disruptions are being experienced around the globe, and the causes are many and complex. Factors affecting the supplychain. When China shut down operations in a bid to contain Covid-19, supplychains ran out of material. Shipping challenges. The pandemic.
Learn the best practices for supplychain risk management in 2024 from Resilinc, the gold standard for supplychain resiliency. As risk managers audit their vendors and programs at the start of the year, it’s also time to clean up old strategies and supplychain practices.
The 50-mile span of the Panama Canal connects the Pacific and Atlantic oceans, which has shortened shipping duration between countries and continents 1. One of the largest improvements.
Contrary to general opinion, the causes of the supplychain disruptions currently being experienced worldwide were prevalent long before the Covid-19 pandemic. . This has created long lines of container ships waiting for berths creating delays that never existed before – from days to weeks.
An Expanded Panama Canal Takes Logistics into Uncharted Waters.Connect. Since the Panama Canal opened this past Sunday, we wanted to share it with you again. In December, the Port of Los Angeles handled the largest container ship ever to call at a North American port. Editor’s note: This post originally ran in February.
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.
In December, the Port of Los Angeles handled the largest container ship ever to call at a North American port. The arrival of the Benjamin Franklin offers a glimpse of a major change in supplychain management in 2016. These big ships are expected to alter the distribution of cargo between U.S. East Coast.
It’s the last Friday of school and my kids are showing off their work this morning, so as I fill my coffee mug and get ready for the walk to school, let’s go straight to the supplychain and logistics news that caught my attention this week: Amazon’s Next Delivery Drone: You (WSJ – sub. The $50 Billion Question: Can Uber Deliver?
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 SupplyChain Matters blog provides an updated news capsule follow-up relative to supplychain management and industry developments that we have shared previously on this blog. container traffic travels through the Panama Canal every year. This was because of the low water levels in the staging basin area.
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