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The recent port strike, the closed shipping lane that forced a shift to air transport, the bridge that blocked a port, even the grid brownout that slowed manufacturing, might have seemed like random disruptions. Who pays the crew of the ship that blocked your shipping lane? But take a closer look. This may sound like alarmism.
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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.
Agree to Framework Trade Deal Bloomberg Red Sea Ship Set Ablaze, Abandoned After Attack Near Yemen More from this author Subscribe to our Daily Newsletter! China Are Close to a Trade Deal That Could End U.S. Tariffs China, U.S. Timely, incisive articles delivered directly to your inbox.
The company produces large SUV models like the GLS and GLE at its plant in Tuscaloosa, Alabama, and ships them to China. Car Sales Leader Bloomberg Red Sea Ship Set Ablaze, Abandoned After Attack Near Yemen More from this author Subscribe to our Daily Newsletter! China Mercedes Car Sales Drop as Tariffs Crimp Demand in U.S.,
Suez Canal News Update The Suez Canal is a crucial lane for global shipping, with 50-60 vessels of all types transiting each day for about 19,000 per year, including about 30% of global container traffic and more than a million barrels of crude oil per day. Live map of Suez Canal and Red Sea, Dec. Live map of Suez Canal and Red Sea, Dec.
Judah Levine November 21, 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) decreased 8% to $1,573/FEU. Asia-US East Coast prices (FBX03 Weekly) decreased 2% to $2,383/FEU.
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Sourcing and procurement departments exist to mitigate this issue, but input bottlenecks remain common. Storage and shipping costs can quickly cut into profit margins. Supplier issues can bring production to a halt. Late deliveries, poor part quality, and long lead times can all make critical components unavailable. Ali Hasan R.
Accomplished procurement veteran and author Tom Linton provides valuable insights into the supply chain risk management landscape in 2024 in this exclusive Q&A. In this Q&A, Tom shares insightful stories from his over 20 years in procurement and tells us what should be top of mind for supply chain managers in 2024.
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.
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.
Sourcing and procurement departments exist to mitigate this issue, but input bottlenecks remain common. Storage and shipping costs can quickly cut into profit margins. Supplier issues can bring production to a halt. Late deliveries, poor part quality, and long lead times can all make critical components unavailable. Ali Hasan R.
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