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The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supply chains. Fast-tracking partnerships with alternative logistics providers to bypass Chinese ports and avoid tariffed shipping routes.
Supply Chain & Logistics News Round-Up Sept 23rd- 27th This week I was busy attending various Climate Week NYC events, allowing me to step outside my usual bubble of supply chain and sustainability. Now to the Supply Chain & Logistics News of the Week! According to the U.S.
And now on to this week’s logistics news. companies to import more from countries including India, Thailand and Vietnam. million km) using battery-electric vehicles hauling customer freight. Schneider says it began running the trucks to haul customer freight in January. It also operates two electric yard tractors.
Well, ARC Advisory Group , the owner of Logistics Viewpoints, has been conducting research on the PLC market for decades. And now on to this week’s logistics news. million-square-foot warehouse in Connecticut Flexport announced the acquisition of Shopify Logistics’ assets, including Deliverr. Come on – not a chance!
And now for this week’s logistics news: Walmart Adds Truck Powered by Compressed Natural Gas to its Transportation Fleet CMA CGM offers $5.5 billion for Bollore logistics unit Retailers Tackle Cardboard Overload With Made-to-Fit Boxes Robust.AI billion) for the logistics unit of Bollore. That’s all for this week.
Blog More Resources Home September 10, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices fell 4% to $3.45/kg.
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.
Supply chain and logistics are at the centre of our economy. Supply chain and logistics is often labelled as a digital laggard with a high level of inertia. Logistics service providers set up their portals to more efficiently deal with and manage ad-hoc quotations and bookings. Technology is a key enabler of the transformation.
XPO Logistics Agrees to Acquire NLM. Freight Shipments Fell 0.7% I’m guessing, however, that many supply chain and logistics software vendors (and probably many 3PLs too) rushed to their phones yesterday to call Home Depot’s SVP of Supply Chain Management in hopes of getting a piece of that $300 million pie. imports and exports.
Belgium’s Liege Airport has also become an e-commerce hub due to Chinese logistics provider and subsidiary of Alibaba, Cainiao, picking it as its European hub. ViaEurope is a logistics tech services provider specializing in end-to-end cross-border e-commerce solutions. I wear a number of hats these days.
Transportation logistics software solutions play a key role in effectuating this change. With trade wars and tariffs pinching operational profitability, manufacturers are looking at alternative locales like VietNam, India and, Mexico. This strategy is not without its risks though.
I began to focus on the use of technology and strategy to help logistics companies tackle growing consumer demand – the new “need it now” culture. BluJay’s mission is to forge modern supply chains of the future and transforming traditional logistics – slow & unagile habits! The key is in the quality of our collaboration.
For shippers, carriers and logistics providers, the JOC ’s TPM (Trans-Pacific Maritime Conference) is one of the must-attends on the annual events calendar. The world’s most popular route is still chock full of surprises, including: Vietnam has emerged as star exporter to the U.S., Venture Capital Loves Freight.
That will be an important consideration for the retail and wholesale customer fulfillment and logistics services teams. Parcel logistics provider UPS has indicated plans to hire upwards of 125,000 added workers to compensate for the shorter holiday fulfilment period this year. billion and $297.9 percent to 3.5
Lots of supply chain and logistics news this week, so let’s go straight to the items that caught my attention: Amazon now ships to your Audi’s trunk ( USA Today ). UPS Brings Technology and Logistics Expertise to Study of Drone Use in Humanitarian Response. Robinson Expands Asian Operations to Vietnam.
One to two weeks before CNY, factories will speed up their production causing a surge of freight. Vietnam – Lunar New Year – February 14-20 . “By implementing a few critical steps in advance of the holiday, shippers can avoid unnecessary bottlenecks and continue business with little or no interruption.”. Indonesia – CNY – February 16.
Determine the optimal scenario that minimizes total production, freight, inventory costs and meets service requirements. Disruption Response: Don’t just react to a supply chain emergency—treat emergent disruptions as a chance to think strategically about your logistics network.
My projects in Malaysia, Philippines, China, Indonesia and eventually Vietnam, ranged from customer service and order fulfillment, shop-floor planning, inventory management, import/export and procurement. Family reasons relocated me to Bangkok in 2011. . Being financially savvy is a new basic.
Written by logistics leaders who are practitioners in their respective companies, it aims to stimulate thinking on how shippers or BCO’s could view business continuity and risk in the current environment. We can observe this quite clearly in the growth experienced in countries like Vietnam, India as well as Hungary and Mexico.
However, when people refer to supply chains, they often use the terms ‘supply chain’ and ‘logistics’ interchangeably. The difference between supply chain and logistics. The life of coffee begins with growers in the likes of Brazil or Vietnam. What is logistics? Examining KPIs: Supply chain vs. logistics.
” We have many manufacturing shipper customers, and we love to create content of value for them on such subjects as best practices in logistics or trends around the supply chain. This is the first post in a two part series on the “Changing Face of Manufacturing.” Rising costs of labor in China and other places.
Months of uncertainty about solar panel logistics in the US came to an end recently as the US government declared a 24-month tariff exemption for solar panels imported from Southeast Asian countries. In this article, we’ll examine what happened, what it means for importers, and how a third-party logistics (3PL) company can help.
Locations that have benefitted from this sourcing shift are noted in the report as Vietnam and Mexico , the latter being a preferred nearshoring or friendshoring alternative. As an example, the authors point to Vietnam gaining ground in electronics, apparel and textiles, while Mexico has been increasing U.S. supply chain activity.
With securing low-cost labor no longer the ultimate goal — and with supply chain disruptions, labor shortages and rising freight rates being the ‘new normal’ at least for now — companies are reshoring, localizing and making goods closer to where they sell them. ”[4]. But, to do so takes more than planning and capacity alone.
Uber Freight recognizes the importance of managed transportation. Uber Freight has aquired Transplace. The acquisition comes at a time of accelerated transformation in logistics. The demands of a volatile market and the increasing complexity of globalized logistics are clashing with industrial-age transportation technology.
Here are the five key project logistics challenges we’re seeing in renewable energy and how to overcome them. Rising material costs and historically high freight rates can eat into the profitability of your renewable energy project. That makes it even more important to avoid unexpected costs in your project logistics.
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. 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.
2015 was a big year in terms of logistics and globalization for Amazon, who began making their way into the shipping industry, registering in China as a freight forwarder and a shipping broker for 12 routes, including Shanghai to Los Angeles and Hamburg. Lazada now owns Redmart and Alibaba has a controlling stake in Lazada.
Lead times are typically 30-45 days for ocean freight, plus production time. Raw material prices and freight rates can swing dramatically, affecting landed costs. Many companies are now developing parallel supply sources in countries like Vietnam or India. Add another 14-21 days for customs clearance and inland transportation.
In a recent webinar on the state of risk and trends in supply chains, Resilinc CEO, Bindiya Vakil, and Director of Supply Chain Risk Consulting, Hirra Akhtar, described how aftershocks arising from the pandemic continue to disrupt supplies and logistics, and that these disruptions will continue well into 2022.
This was one of the main talking points at the 2013 Health & Humanitarian Logistics Conference, hosted by the Malaysia Institute for Supply Chain Innovation (MISI) in Malaysia this June. magnitude earthquake in Indonesia and floods in Indonesia, Thailand, and Vietnam. Malaysia is the hub for humanitarian logistics in Asia.
And did we mention that many retailers are scrambling since factories in Vietnam are shut down or operating at very limited capacity due to COVID outbreaks. Many retailers who rely on merchandise produced in Vietnam are re-evaluating what they can get to showrooms in time for fall and winter. s freight system.
Of the 30 nations that were included in the June reading, India, Russia and Vietnam were the three most positive PMI readings. Reportedly, logistics hubs built in anticipation of a long-lasting boom in e-commerce , manufacturing and other support needs are losing tenants, forcing building owners to slash rents and shorten lease terms.
The recent bankruptcy announcement of Hanjin, a major shipping line, on the Friday before the last Labor Day long weekend, was a shock to everyone working in the global logistics shipping industry. bankruptcy code.
A published Future of Freight study sponsored by Deloitte in September 2022 indicated that U.S. Investment firm Pimco indicated that countries such as India, Vietnam and Malaysia would benefit from China Plus sourcing actions. Vietnam is business-friendly, but it doesn’t have enough skilled workers. billion in September.
The world of supply chain and logistics is changing every day. Each one is featured as having done something unique to reinvent their supply chain and logistics. Coyote Logistics @CoyoteLogistics Coyote Logistics prides itself on its innovative logistics and supply chain philosophy.
But let´s start with the origin: the coffee seed grows best in a humid climate, with a stable temperature of approximately 25 degrees Celsius (approximately 77 degrees Farenheit), making Brazil, Vietnam, Colombia, Peru and other similar regions optimal growing locations. Check out The Journey of One Banana! A Supply Chain in Motion!
Yet with the autobahns, motorways and highways largely free of traffic apart from freight, goods are generally getting through and we are yet to see long-term shortages of food and other essential items. This in turn could put logistics under pressure at companies like Amazon. ” – says @pideson of our live poll results.
We will discuss how other services and companies compare to Freightera using ground freight shipping in North America as the baseline. Empty circle: No or Not applicable Freight Carriers Freight carriers are the backbone of our industry. Freight carriers specialize in carrying freight. Half-filled circle: Depends.
We will discuss how other services and companies compare to Freightera using ground freight shipping in North America as the baseline. Empty circle: No or Not applicable Freight Carriers Freight carriers are the backbone of our industry. Freight carriers specialize in carrying freight. Half-filled circle: Depends.
Global consumer product goods provider Nestle in its latest report of quarterly financial performance indicated that despite being able to raise prices for a wide variety of marketed products, higher costs for commodities, freight and energy continue eroding profit margins. Higher costs reportedly have resulted in a 2.8
Blog " * " indicates required fields Email * More Resources Home June 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
You might want to check out other regional manufacturing hubs if you’re doing clothing (Bangladesh and Vietnam) or leather goods and shoes (Vietnam). Remember that landed costs — custom duties, insurance and freight — add to the total cost of your products and thus affect your profit margin.
A few have already started importing from Thailand, Vietnam, and India instead of China. Overall, shippers and consignees will need to keep a close eye on every single dollar, from ocean freight cost to drayage to chassis to free time and more. And some materials can only be sourced from China.
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