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Changing SRM Behaviors in a Period of $70/bbl Oil

Supply Chain View from the Field

I was in Houston yesterday evening, speaking to a large group of procurement executives at a roundtable held by KPMG’s Procurement Advisory Group, at the fabulous Brennan’s restaurant on Smith Street. However, with the price of oil down in the $70′s, I did sense a bit of uneasiness in the air.

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El Niño May Have Your Supply Chain Partying Like It’s 1997

Kinaxis

For example, the Panama Canal has already restricted the size of ships permitted to pass through it due to drought conditions created by El Niño. As a result, some shipments moving from Asia to the Gulf Coast and eastern ports of the United States will be forced to reduce cargo loads to meet the new requirements.

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Hanjin Shipping Bankruptcy

3PL Insights

The company represents almost 8% of trans-Pacific trade shipments for the United States market, and now they have stopped accepting new cargo. However, Nerijus Poskus, director of pricing and procurement for the freight forwarder and customs broker Flexport, predicts that this spike won’t last longer than one or two months.

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When the Heavy Hand of Government is Not a Burden

MIT Supply Chain

One manifestation of this problem is that multiple ports on the east coast are deepening their approach channels in order to attract bigger cargo ships. The widening of the Panama Canal to enable larger ships to pass through the trade artery will generate this traffic.

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November 7, 2023 Update

Freightos

Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 3% to $1,609/FEU. Freight news travels faster than cargo Get industry-leading insights in your inbox. kg last week.

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More Challenges for the Transportation Network: Day 2 of the SCRC Meeting

Supply Chain View from the Field

For example, the widening of the Panama Canal will change the conditions here in North Carolina, as enormous container ships will be circumnavigating the globe. And in Panama a huge transshipment area will grow where they will will do break bulk, put cargo onto smaller ships and send to North America.

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

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. The number of impacted Asia – N.

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