article thumbnail

Five Key Takeaways From JOC’s TPM 2016

Freightos

The world’s most popular route is still chock full of surprises, including: Vietnam has emerged as star exporter to the U.S., overtaking South Korea at 2nd spot for Asian supplier of containerized goods to U.S ( from IHS ). The amount of funding for transportation-focused ventures (spiraled up) to $14 billion in 2015.

article thumbnail

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending

Supply Chain Matters

South Korea. We continue to make mention of the S&P Global South Korea Manufacturing PMI® which continues to reflect a theme of a quickened downturn in the country’s manufacturing sector. The September PMI value fell deeper into contraction at a reported value of 47.3, slipping 0.3 percentage points from July’s value.

article thumbnail

Mid-Year Assessment of 2022 Supply Chain Sourcing Predictions- Part Two

Supply Chain Matters

Prior long-standing assumptions that mature, foreign based supply networks, low-cost labor and predictable global transportation and logistics costs would remain constant were also blown-up by a series of industry dynamics. There were other examples as-well, either in high-tech, medical, consumer goods or other industries. .

article thumbnail

Relatively Cautious Global Production and Supply Chain Indices for February 2022

Supply Chain Matters

Global wide production, transportation and logistics activity levels reported for February, but continued rather concerning data related to global transportation service levels and cost. The IHS Markit Vietnam Manufacturing PMI® rose again to a level of 54.3 Global and Domestic Transportation and Logistics Indices.

article thumbnail

Global PMI Levels in July Remain of Concern

Supply Chain Matters

Further indicated were signs of weakness occurring in China , Japan , Malaysia, South Korea , Taiwan and Vietnam. Report authors noted that sector data of new orders indicated that contraction occurred across consumer, intermediate and investment goods industries.

article thumbnail

Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”

NC State SCRC

Since Hanjin Shipping Company of South Korea filed for bankruptcy protection last week, the WSJ reports that dozens of ships carrying more than half a million cargo containers have been denied access to ports around the world, as there are doubts as to who will pay the docking fees, container-storage, and unloading bills.