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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

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. How long will the Panama Canal drought last? Which countries are impacted by the Panama Canal drought?

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

However, the published index indicated expansion level was rather mild, and was missing PMI data from South Korea which experienced a slight PMI contraction. Morgan Global Manufacturing PMI® was headlined with back-to-back expansion levels in February. All rights reserved.

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Interoceanic Passages

Abivin

In reality, appointment and price systems must be used to control capacity for interoceanic canals like the Panama and Suez. The four most significant interoceanic passes in the globe are the Strait of Hormuz, the Strait of Malacca, the Suez Canal, and the Strait of Panama. Potential for closure or interruption. 1200 feet).

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What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

In fact, JOC.com sites many Southeast Asia countries—including India, South Korea, Taiwan, Thailand, and Indonesia—have significantly grown their imports into the United States, anywhere from 13-37% compared to last year. gulf region due to Panama Canal restrictions. And, total imports on trade were up 1.4% during this period.

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

Renewed Expansion in South Korea The S&P Global South Korea Manufacturing PMI® was headlined with a reported renewed expansion in the country’s manufacturing sector at the start of 2024. The South Korea Customs Office indicated that export increases in memory chips and semiconductors have driven the rise in exports.

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FedEx Announces New March 2022 International Shipping Surcharges

Intelligent Audit

Parcel and freight exports from South Korea, Taiwan to Europe, MEISA, LAC 3 , and some APAC countries and territories 5 – Increasing $0.10 Exports from Indonesia, Japan, South Korea, Philippines, Singapore, Thailand, Taiwan, China, and Vietnam to Europe, LAC 20 , MEISA, and some APAC countries and territories2 21 – Increasing $0.10