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auto parts are sourced from Mexico, making the tariff impact immediate and severe. Exploring alternative shipping routes via Gulf Coast ports to bypass land border congestion. Fast-tracking partnerships with alternative logistics providers to bypass Chinese ports and avoid tariffed shipping routes. Approximately 40% of U.S.
Export demand from Greater China remains soft, but markets like North East Asia and the Mekong region have seen rising volumes as sourcing diversifies. YoY increase, supported by seasonal demand and proactive shipping to avoid tariffs. Across the region, available capacity remains sufficient for current demand.
Vietnam, for example, increased its export volumes to the U.S. over May, indicating a shift in sourcing strategies. China trade talks and global shipping disruptions As of July 2025, the U.S.–China With China-origin imports constituting only 28.8% of total U.S. days, respectively. Find more articles by Stuart Chirls here.
China's Production of Impacted Minerals Source: Bloomberg In recent years, China restricted the exports of several other critical minerals. Exigers analysis indicates that of the five impacted materials, tungsten was the top material shipped by value. China is the top producer of all five recently restricted metals.
Washington has come to basic terms on trade deals with China, Vietnam, and Great Britain. companies in apparel and fashion have shifted their sourcing, and have reached “single-digit” dependency on Chinese manufacturing, said Maersk Chief Commercial Officer Karsten Kildahl, in the update. “[O]ther in June, 2021.
While they may not be able to benefit from the best procurement prices, sourcing products and materials closer to the end-market helps offset the rising transportation costs that make offshore resources less attractive than they used to be. ports can help worldwide shipping to move more fluidly. Reducing bottlenecks in U.S.
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.
Tariffs are reshaping sourcing strategies, forcing tech upgrades, and making inventory planning a lot more complicated. Imagine a mid-market fitness equipment company sourcing metal frames from Taiwan. Do they absorb the blow, hike prices, or race to find a new supplier in Vietnam? None of those choices are cheap or fast.
The newest additions to the list will impact industries sourcing critical minerals, cotton, and polysilicon used in solar modules from the Xinjiang Uyghur Autonomous Region (XUAR) of China. Shipping Overview Exiger identified 13.1 Shipping Overview Exiger identified 13.1 billion USD.
Reported May 20 Let me take a moment to comment on our global sourcing strategy. Today, more than 50% of our purchases are sourced in the United States. During that period, the vast majority of our supplier partners developed diversified sourcing strategies across several countries, including the United States.
Brian Grass - Chief Financial Officer We also began dual sourcing more of our production and are now intensifying those efforts even further. We began to build out our internal Southeast Asia sourcing capabilities to accelerate supplier transitions out of China and in many cases dual source our production. billion to $1.6
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.
seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment. US port operators seek to mitigate hefty expected tariffs on China-built port cranes U.S.
Here are some strategies that can help your brand stay ahead: Implement Multi-Sourcing Strategies The trade war has exposed how depending entirely on a single manufacturing source can become a huge liability for brands. brands looking to limit exposure to trans-Pacific shipping delays. Mexico and Canada are key options for U.S.
European truckmakers tackle rare-earths bottleneck with stockpiling, supply chain shifts European truckmaker Volvo Group has been seeking alternative sources of rare earths and Daimler Trucks has been building inventories to deal with supply issues linked to Chinese export curbs, saying lessons had been learned from the chip crisis.
GM to stop exporting vehicles from US to China, company says General Motors late last week informed employees and dealers for its China export business it would stop shipping vehicles to China from the United States, the company said. Exclusive: China's CMOC calls on Congo to lift cobalt export ban, sources say China's CMOC Group (603993.SS)
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)
Exclusive: Hyundai Motor has a rare earths stockpile that can last about a year, source says Hyundai Motor (005380.KS) EU prepared to accept flat 10% US tariff with conditions, Handelsblatt reports Brussels negotiators hope that offering to accept U.S. It may be less turbulent than this past spring's drama, but no less worrying for investors.
When duties render traditional sourcing unprofitable, companies must reconfigure supplier networks, often under tight timelines. 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. Agriculture U.S.
Container ship owners swamped as US-China trade detente revives demand Container ship bookings for China-to-U.S. port fees on Chinese vessels French shipping group CMA CGM will reorganise its global fleet to avoid U.S. retailers including Walmart (WMT.N) Cattle futures surge over US halt to Mexican cattle imports 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.
For retailers, US-Vietnam trade deal leaves questions A trade deal announced by the U.S. and Vietnam creates new question marks for sportswear and clothing retailers like Nike and Adidas that source shoes and clothes from factories in the Southeast Asian country, industry experts said on Thursday. They tried Made in the USA.
He did two tours in Vietnam and was awarded a Silver Star, Bronze Star, and two Purple Hearts. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial? We’re not sure if the name of the short-sighted professor has ever been identified.
Impacts on LTL Shipping What many CPG shippers don’t realize is that LTL carriers actually impose tariffs of their own, although these are a bit different than the broader economic tariffs we are discussing in this article. We’re even seeing customers shift their sourcing to Mexico or Vietnam in response to new tariff structures.
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.
Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. VFC’s supply chain sourced over 410 million units of apparel, footwear, and accessories in their last fiscal year.
Unless the source of natural gas dries up, which is not likely for many years to come, the price of gas is likely to remain low for the foreseeable future. Add to that the cost of shipping over long distances to US and European markets and they have lost the huge advantage they used to have in the past.
Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?
Border controls, China’s zero-covid policy and global shipping costs and energy prices is putting increasing pressure on supply chains throughout the Asia Pacific region. Multi-Sourcing. The Age of Agility: Building Resilience in the Supply Chain. Feature Article by Anthony Beavis, Managing Director APAC at Körber Supply Chain.
One-third of respondents (33%) paused shipments entirely, while 29% are exploring alternative sourcing options outside of affected regions. Interestingly, while rates from China have declined, prices from Taiwan and Vietnam have remained elevatedlikely reflecting importers’ rapid pivot to alternative sourcing markets.
Closed borders, quarantine restrictions and social distancing requirements for staff combined with an explosion in delivery demand from online retail sales made for a tough period of shipping delays and warehouse backlogs across the globe. Essentially, demand for deliveries skyrocketed yet the capacity of delivery firms shrunk.
The Pivotal Role of Landed Costs Landed cost analysis plays a crucial role in various aspects of your business operations, impacting several key areas: Product Pricing Precision – Failing to account for landed cost can lead to inaccurate product pricing, resulting in insufficient revenue to cover all shipping expenses. 20 (duties) + $.40
Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.
In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. Shipping delays. For some Americans, the holiday comes and goes without them even noticing.
As more data sources get legible, whether it’s container ship movements, eAWBs or carrier rates , it can have incredible ramifications. But a strike at a port in Germany or a typhoon off the coast of Vietnam, while temporary, can have major implications for supply chains. But even since July 2020, much has changed. And they are.
Companies emphasized offshore sourcing, single suppliers, and centralized warehousing to optimize their operations. To enhance resilience, supply chain strategies have shifted from cost-saving to redundancy by engaging multiple suppliers, particularly from local or nearshore sources, to mitigate supply disruptions.
Shipping costs are also expected to spike upwards. It raised its prowess from running mere factories to one that offered a complete value chain: from research and development to shipping and fulfillment. Business costs will rise for those who are sourcing some or most of their raw materials or goods from China.
Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! In fact, China’s wages have been on the rise and fast-growing countries like Vietnam and Bangladesh are developing niches in footwear and clothing manufacturing as well. Introduction. Do Your Homework.
Such actions were to include mitigation of risks related to China based sourcing, which is now commonly referred to as a China Plus sourcing strategy. That was followed by a public acknowledgement from CEO Tim Cook that the company’s 60 percent sourcing of various production within the country was too much.
COVID-19 and the Future of China Sourcing and Manufacture. Many Japanese companies are already manufacturing in Vietnam. Then there is the cost of packing up and shipping machinery, moulds, and equipment to a new location, as well as the need to deal with staff reductions and a tangle of bureaucratic procedures.
According to Deloitte’s 2016 Global Manufacturing Competitiveness Index, Mexico ranks number eight out of 40 countries including Canada, Sweden, and Vietnam. Mexico may become the global manufacturing nerve center if the country plays its cards right. Lower costs and proximity to the U.S.
Buying products in-store, then having them shipped to their homes. By connecting their systems and utilizing a single source of truth for operational inventory, they can get real-time data on how transactions are affecting inventory levels across locations. Researching products in-store then buying online. Inventory Visibility.
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