Remove Cargo Remove Manufacturing Remove South Korea
article thumbnail

This Week in Logistics News (June 22 – 28)

Logistics Viewpoints

The company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. By the end of September, FedEx will no longer be the primary air cargo provider for the U.S. Postal Service after UPS recently won the five-year contract.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

49% of respondents were from the manufacturing industry, 16% from the mechanical engineering sector, and 11% from the automotive market. Retailers like Amazon are chartering private cargo ships, making their own containers, and leasing planes to bypass supply chain disruptions like long wait times for dock space and workers.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

The effective shutdown of industrial activity in Wuhan, China — ground zero for the virus – presented particularly difficult problems for manufacturing firms worldwide, many of which had come to depend on materials, components and finished goods made in China. A retailer will have empty shelves.

article thumbnail

Doing Business in Malaysia

QAD

Despite the years of political turmoil, the country was able to diversify its economy to include robust manufacturing, services and a thriving tourism industry. Located in Southeast Asia, Malaysia is bordered by Thailand, Borneo, Indonesia, Brunei and the South China Sea. Manufacturing in Malaysia. Agriculture makes up 8.8%

article thumbnail

Lost at Sea

APICS

One of the world’s biggest shipping companies, South Korea-based Hanjin Shipping, filed for bankruptcy earlier this month, leaving as much as $14 billion worth of cargo floating and manufacturers uncertain, according to The Wall Street Journal.

article thumbnail

Chill Pill Has a Whole New Meaning for Pharma Supply Chain

Aera Technology

Communication between the many stakeholders involved in the cold supply chain (manufacturers, distributors, retailers, cargo companies, etc.). Consider the recent bankruptcy of one of the world’s largest marine shipping companies – South Korea’s Hanjin Shipping Co.

article thumbnail

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Some US manufacturers, however, have resorted to airlifting supplies from China at a premium price. These smart operators include: John Deere: The agricultural vehicle manufacturer says it expects to spend $40 million (USD) on expedited freight to ensure there is no disruption in supply. The Food Industry.