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The window to ship containers that will arrive before August – even with the early July extension of the tariff expiration to August 1st – is now closed. Procure : Streamlined procurement and cost savings with digital rate management and automated workflows.
The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. ports can help worldwide shipping to move more fluidly. Indirectly, the rest of the world benefits too.
Heading into this year, the global shipping disruptions that impacted transit times related to having to avoid the Suez Canal because of Red Sea terrorist attacks, or reduced water levels in the Panama Canal requiring reduced transit slots were generally mitigated. Global wide manufacturing activity levels as measured by the J.P.
According to Hong Kong publication The Standard , Temu is accelerating a shift away from its original model where Temu handles price-setting, shipping, and marketing for its sellers. Shein is also moving to mitigate the impact of the new US measures.
Do they absorb the blow, hike prices, or race to find a new supplier in Vietnam? That could mean shipping through tariff-friendly trade zones or taking advantage of agreements like USMCA. A German auto parts supplier that once shipped directly to U.S. A sudden 20% tariff hits, raising costs overnight. Another trend?
Shipping Overview Exiger identified 13.1 Thirty-six percent of the shipments were shipped by entitles based in Vietnam. White Paper How Regulatory Complexity Is Driving Procurements Future Article The ESG Due Diligence Process - Why Its Important Client Alert China and Russia Actions Threaten Critical U.S.
Whipsaw Effects Continue Leading up to today there were reports that multiple countries, including Japan , South Korea and Vietnam were sending delegations to Washington to negotiate better terms to prior announced tariff levels. The NASDAQ has rebounded by over 1,600 points, more than 10 percent.
The extensions allow more time for negotiations that could lower or avoid these tariff increases, as so far the White House has only signed an agreement with the UK, announced a tentative trade framework with Vietnam , and is reportedly making progress with several trade partners including the EU , Japan , Cambodia, Indonesia and Thailand.
US demand for China-made goods ebbs on tariff worries; ocean shipping rates drop Rates for shipping cargo containers from China to the U.S. Target explores factory-direct shipping model, Bloomberg News reports Target (TGT.N) Target explores factory-direct shipping model, Bloomberg News reports Target (TGT.N)
Maritime agency warns shipping industry over rising Middle East tensions Increased tensions in the Middle East may lead to an escalation in military activity that could impact shipping in critical waterways, Britain's maritime agency said on Wednesday. Oceans Conference in the French city of Nice hopes to change that. investments.
This was evident in the apparel industry, where brands such as Nike faced delays after tariffs on Chinese textiles prompted a shift to suppliers in Vietnam and Bangladesh. The company reportedly plans to shift 15% to 20% of its production to India and Vietnam by 2026, reducing exposure to U.S.China tariffs. Agriculture U.S.
In any case, the reduction in US sourcing from China for the last few weeks will start to be felt soon in fewer May container ship arrivals and lower import volumes. Following the USs suspension of de minimis eligibility for Chinese goods last week, Temu announced it will no longer ship goods directly from China to US customers.
Supply Chain Matters highlights last week’s announcement by the Trump Administration regarding a tentative trade deal with Vietnam along with the implications. Announced Trade Agreement with Vietnam Just before the July 4 th holiday, President Trump announced that the United States and Vietnam had agreed to a trade deal.
He did two tours in Vietnam and was awarded a Silver Star, Bronze Star, and two Purple Hearts. But back then we had plenty to do working on accounting systems, procurement, warehouse inventory control, retail store replenishment and labor planning - after all this was the dawn of the retail supply chain.
and Vietnam have been far short of comprehensive, leaving many details unclear. Shipping Costs Threaten to Deliver a New Price Shock More from this author Subscribe to our Daily Newsletter! Photographer: Lisa Marie David/Bloomberg July 9, 2025 Bloomberg U.S. Timely, incisive articles delivered directly to your inbox.
has begun shipping commercial jets to China for the first time since early April, indicating a reopening of trade flows despite the long-simmering tariff war between the U.S. Dockworkers, Port Employers Set to Restart Talks Bloomberg Vietnam Inks Deals to Buy $3 Billion U.S. and Asia’s biggest economy. and Asia’s biggest economy.
In Asia, Vietnam and Bangladesh are more important sourcing locations. The supply plan will include the procurement plan for their raw material supplies (Tier 2) needed for their finished goods suppliers (Tier 1). The old product development process involved shipping prototypes back and forth. We will manage by exception only.
Interestingly, while rates from China have declined, prices from Taiwan and Vietnam have remained elevatedlikely reflecting importers’ rapid pivot to alternative sourcing markets. Cash Flow Crunch Cash flow is always top of mind for small business, especially importers who have to front payments for their cost of goods. .”
As more data sources get legible, whether it’s container ship movements, eAWBs or carrier rates , it can have incredible ramifications. I’ve heard anecdotes from the past two years of SVPs at multinational companies needing to sign off on spot procurement but the degree of interest executives are now showing is impressive.
It appears that operational and procurement risks for beneficial cargo owners or shippers, in the short term, are minimal. The areas that will be deliberated in future articles are ocean shipping market landscape, freight procurement, reliability & visibility and the competitive landscape.
Shortage management is a strategic approach that evaluates the number of items required by a specific date, guiding purchasing managers to procure items accordingly. He has a combined 32 years of research and teaching experience in Australia, Singapore, China, Dubai, Indonesia, Malaysia, and Vietnam.
For example, it is common to incentivize procurement organizations to lower a product’s purchase price variance. Shipping Strategy Optimization – Monitoring landed cost over time can help identify opportunities to reduce shipping expenses. It can affect your purchasing and shipping expenses.
While it may seem smart to simplify procurement and lower costs, single sourcing can actually expose businesses to risks that can jeopardize their operations and bottom line. Single sourcing and sole sourcing are two different procurement strategies in supply chain management. What is single sourcing and sole sourcing?
Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. COVID-19 Impact on Shipping. COVID-19 Impact on Procurement. A Case in Point: Apple.
Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It is also airlifting parts from China to its Vietnam operations. It takes time to turn a moving ship around, though, so this will not happen immediately.
Meanwhile, countries in Southeast Asia, such as Vietnam and Cambodia, are enjoying growth as offshore manufacturing centres. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs.
That includes front-end forecasting and planning, procurement, manufacturing, logistics and import/export. When you use local labor, procure raw materials locally and center production in the same area, the benefits flow into the nearby economy in the form of job growth and financial stability.
Of the 30 nations that were included in the June reading, India, Russia and Vietnam were the three most positive PMI readings. Various industry supply chain and procurement management teams are obviously going to have to differentiate as to two different narratives presented in these separate reports. compared to the 50.3
The S&P Global Vietnam Manufacturing PMI® reentered expansionary level at a reported value of 50.3 This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar , the Philippines , Singapore , Thailand , and Vietnam. The combined implications have been significant spikes in spot shipping rates and transit times.
Suppliers’ delivery times reportedly lengthened for the second consecutive month mainly as a result of ongoing global shipping disruptions. The top three performing nations were noted as India , Vietnam and Brazil. Global contraction was reflected and likely weighted in weaker performance levels in China and the United States.
When we refer to the ‘supply chain’, we’re referring to the network of suppliers, manufacturers, producers, shipping companies and more who, when combined, produce, ship and sell products and services to end-users. The life of coffee begins with growers in the likes of Brazil or Vietnam. Reduce focus on shipping.
A country of continued optimism remains that of Vietnam , which has been the go-to country for businesses seeking to manage supply network risk exposure in China. The IHS Markit Vietnam Manufacturing PMI® rose again to a level of 54.3 The Flexport Ocean Timeliness Indicator tracks average ocean container shipping transit times.
and China trade war had resulted in added tariffs being applied to footwear causing designers to consider sourcing within other countries, especially Vietnam. More prominently, is the significant increase in ocean container shipping costs coupled with longer transit times from Asia to the United States.
manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. Other Asian Nations The S&P Global ASEAN Manufacturing PMI® , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam reportedly fell from 51.6
One apparent bright spot stemmed from the S&P Global Vietnam Manufacturing PMI® which reported production growth achieving a 13-month high in May, amid recovery from the latest wave of Covid-19 infections earlier this year. This was the first downbeat assessment of the business outlook recorded for two years.”. This index rose to 54.7
This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. A prior downturn in Vietnam moderated during December. These nations reportedly account for 98 percent of ASEAN manufacturing value added. by the end of the year.
The most visible was that of Apple , which influenced its network of suppliers and contract manufacturers to shift sourcing to regions such as India and Vietnam. Investment firm Pimco indicated that countries such as India, Vietnam and Malaysia would benefit from China Plus sourcing actions. Mid-Year Assessment.
Define your procurement response strategy. Goods will be arriving in ships but many of them will have nowhere to go so long as many retail outlets are shut, We will see how well the logistics industry copes in a few weeks’ time, but companies such as Maersk remain confident. Adapting to the present and future challenges of COVID-19.
Growth was reportedly fueled from demands in medicine, high tech, auto, railway, shipping and aerospace equipment markets. This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam. While the production sub-index registered 50.7, in November from 50.6
In addition to India, Vietnam has been another area under consideration for component or final assembly production of Apple’ s consumer electronics hardware products. In April of this year, a facility in India began producing the iPhone13. India reportedly accounts for 3 percent of production capability.
Other Asian Nations The S&P Global ASEAN Manufacturing PMI ® is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar , the Philippines, Singapore, Thailand , and Vietnam. At the same time, global wide ocean container shipping costs have increased significantly. The May index of 51.7 All rights reserved.
That will have a direct impact on the dynamics of global container shipping, airfreight and logistics networks. Procurement and supply management leaders will be expected to provide both leadership for supply resiliency and added value, but also supply network cost reductions. Overall Themes for the Year 2023.
That subsequently led to Apple having to issue a press release informing customers of unanticipated shipping delays of the then newly released iPhone14 models which were later reflected in Apple ’s iPhone revenue shortfalls that year. What apparently was missing is what specific challenges that entailed. Welcome to the new, new normal.
United Kingdom manufacturers additionally pointed to the ongoing Red Sea shipping crisis leading to added supply disruptions. This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam. in February compared to 50.3 in January, and 49.7
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