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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.

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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.

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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.

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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.

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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%

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Helping You Plan Ahead During the Coronavirus Outbreak

CH Robinson Transportfolio

We continue to see elevated cases in developed nations that have a heavy reliance on manufacturing outside of the U.S., Similar to China, airlines have canceled majority of passenger flights in and out of Europe and South Korea due to safety concerns and lack of travel demand. and Europe. specifically China.

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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.