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What’s going on with global supply chains: A primer for the casual consumer

Freightos

Disclaimer: This article is a zoom out for the less freight-inclined. If you have a deeper understanding of freight, you might want to check out our Freightos Baltic Index daily container index instead. Let’s talk freight. . And it’s not just ocean freight. More freight costs, higher consumer costs.

Global 411
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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. Freight Rates 2019-2021. Get Good at Inventory Management. I find no agency or entity trying to find a holistic solution to global logistics.

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One Type of Inflation is Caused by Supply Chain Issues (And That is a Good Thing)

Logistics Viewpoints

But SHIFEX, the freight forwarder rate index, recently recorded the lowest ocean freight rate between China and the port of Long Beach in 24 months —a rate of $3,500 to move a 40-foot container. This is an 80% drop year on year drop. Many companies work to conserve cash by paying their vendors more slowly.

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2021 Supply Chain Challenges: The Top 5 Lessons Learned + Tips from 11 Industry Experts

ToolsGroup

Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. These businesses often collect tires of high quality as spare inventory and do not have the infrastructure in place to sell them. Lesson #1: Global supply chain challenges have businesses turning to local suppliers.

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When The Chickens Come Home To Roost

Supply Chain Shaman

Ships continue to hold in the west coast harbors of LA and Long Beach, and the west coast warehouses are full. Inventories in the chemical industry are at record lows: a forerunner of bad days ahead. Hazardous freight is the most likely to get “rolled” at the dock. Retail shelves are increasingly empty.

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“Why Do I have to Wait?” Supply Chain Disruption Gets Its Day

Logistics Viewpoints

The economy is picking up after the severe contraction in labor, productivity, and inventory that occurred during the height of the pandemic. Inventory, Efficiency, and the Extended Supply Chain. But the US ratio of total business inventories to sales is hovering at a 25-year low. Source: Descartes Datamyne.

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The Story Continues…. Let’s Don’t Sugar Coat the Real Issue

Supply Chain Shaman

The people on the ground–my contacts in the 3PL, freight forwarding and transportation industry–know that the labor strife is only a part of the larger story. Unloading at the western ports of Los Angeles and Long Beach have been an issue for many months. In my interviews, some say August.