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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 supplychains. This includes: Increasing domestic supplychain investments, reducing dependence on cross-border components.
SupplyChain & 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 supplychain and sustainability. Now to the SupplyChain & Logistics News of the Week! Department of Energy.
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.
In other Walmart news, the company is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supplychain. companies to import more from countries including India, Thailand and Vietnam. million through the Food SupplyChain Guaranteed Loan Program.
Since Inauguration Day, the landscape has shifted dramaticallywith new duties, revised agreements, and retaliatory tariffs shaking up supplychains across the globe. In a world where consistency is critical for supplychain efficiency, tariff unpredictability has become a costly disruptor.
Consumers demand more transparency, governments wish to ensure homeland security, and supplychain stakeholders are seeking higher levels of visibility for optimisation and increased resiliency. Supplychain and logistics are at the centre of our economy. But technology is a means to an end and not an end in itself.
From the “long shot but worth a try” files, Bed Bath & Beyond is seeking tens of millions of dollars from container shipping lines, claiming the carriers willfully abandoned service commitments at the height of supply-chain turbulence to reap enormous profits from the market turmoil.
Many pundits insist that anyone who believes the global supplychain is going to return to normal is suffering from this form of insanity. ”[1] Noted supplychain expert Lora Cecere ( @lcecere ), founder of SupplyChain Insights, put it another way. .”[1] … What can we learn? ”[2].
We are pleased to continue our 2021 series our fire-side chat column with key people in the supplychain industry. Katie describes herself as “ passionate about driving efficiency & innovation in SupplyChain through technology” – a quality that is very relevant to face-up to the many supplychain challenges in our path !
For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid to offer end-to-end transportation services and supplychain management. In percentage terms, Vietnam’s exports grew the most.
American manufacturers are adapting to significant modulation in the nature of their supplychains as market forces and current global events promote operating “closer to home”. Global supplychains were being disrupted long before Covid-19 emerged,” says Kamala Raman, senior director analyst with the Gartner SupplyChain Practice.
Rethinking supplychains is a reader-supported publication. The acquisition will create what Swissport describes as a single point of contact for shippers, cargo airlines, and freight forwarders while offering such services as aircraft handling, warehousing, customs clearance, tracking, and preparation for final delivery.
SupplyChain Matters highlights updated forecasts and support services related to the 2024 holiday fulfillment period. As SupplyChain Matters highlighted in January 2024 , the initial 2023 holiday sales number was reported as $964.4 Noted was that spending is expected to increase between 2.5 percent and 3.5 billion, a 3.8
Global SupplyChain & Sourcing Director for ECCO Global Shoe Production & Sourcing. We are pleased to bring back in 2021 our fire-side chat column with key people in the supplychain industry. In 2014, I was appointed Global SupplyChain role with ECCO Shoes and relocated back to Singapore.
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. The industry talk is now on how consumer e-commerce attitudes are starting to impact freight. BETTER INTERNATIONAL FREIGHT HAS ARRIVED. So much is changing.
It’s time to evolve your supplychain from one-size-fits-all to purpose-built. Do your business leaders believe they’ve locked down your supplychain network with the right partners, processes, technologies and contingencies that can overcome next week’s challenges as well as next year’s?
Freight Shipments Fell 0.7% I’m guessing, however, that many supplychain and logistics software vendors (and probably many 3PLs too) rushed to their phones yesterday to call Home Depot’s SVP of SupplyChain Management in hopes of getting a piece of that $300 million pie. XPO Logistics Agrees to Acquire NLM.
Almost 75 percent of US companies are experiencing capacity shortfalls in their supplychains, due to Coronavirus-linked transport disruptions , a new study has shown. With some 5 million companies impacted by China’s supplychain woes, the picture is similar in other parts of the world. The Auto Industry.
The areas that will be deliberated in future articles are ocean shipping market landscape, freight procurement, reliability & visibility and the competitive landscape. We can observe this quite clearly in the growth experienced in countries like Vietnam, India as well as Hungary and Mexico.
SupplyChain Infrastructure for Manufacturing. Thailand’s transportation and communication pathways are well-developed for manufacturing supplychains. Thailand’s 63 paved airports moved 2,134,149,001 mt-km of freight in 2015. Japan, Hong Kong, Vietnam, Australia and Malaysia. of the workforce.
We live in a global economy and that has made the supplychain all the more important – these days partner companies could be anywhere in the world, facing any number of challenges. However, when people refer to supplychains, they often use the terms ‘supplychain’ and ‘logistics’ interchangeably.
But the world’s demand for clean energy is running up against some hard realities in the global supplychain and one of the most erratic transportation markets in history. Rising material costs and historically high freight rates can eat into the profitability of your renewable energy project. Lack of supplychain visibility.
Introduction The accurate analysis and calculation of total landed costs is imperative for organizations with global supplychain operations. Rather than view supplychain operations as a series of discrete business functions, it must be viewed in its entirety with the goal of reducing total landed costs.
The Ferrari Consulting and Research Group, via its affiliated SupplyChain Matters blog calls reader attention to two recently published research papers that address evidence of ongoing shifts in global supply component and end production sourcing. supplychain activity. imports peaked at 21.6 percent in 2022.
In a recent webinar on the state of risk and trends in supplychains, Resilinc CEO, Bindiya Vakil, and Director of SupplyChain 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.
Retailers such as Walmart, Home Depot, Ikea (who is also buying their own containers), Dollar Tree, and Costco (which will lease smaller charters through next year) have all chartered their own vessels to help combat severely supplychain constraints. Vietnam is slowly opening back up but production will take time to ramp.
Lots of supplychain 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 ). JDA “Writes the Book” on SupplyChain. Robinson Expands Asian Operations to Vietnam. February 2015 North American Freight Numbers.
One to two weeks before CNY, factories will speed up their production causing a surge of freight. The rates are slightly higher but this measure will keep your supplychain running. . Vietnam – Lunar New Year – February 14-20 . During CNY they will close down completely. Mainland China – CNY – February 15-21.
Check out Peeling Back The Orange Juice SupplyChain! The supplychain process of coffee beans typically contains seven levels: growing, harvesting, hulling, drying and packing, bulking, blending and roasting. The entire supplychain is linked by several intermediaries. Email Address. The Journey.
SupplyChain Infrastructure for Manufacturing. South Korea has a strong infrastructure to support its manufacturing supplychain. This robust infrastructure makes it easy to move freight in or out of the country quickly and easily. The annual freight traffic on registered carriers was 11.297 billion mt-km in 2015.
” 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 supplychain. Rising costs of labor in China and other places. But things have changed a bit since then.
Amazon Sued by Supplier for Breach of Agreement Gilimex Inc a Vietnamese warehouse equipment manufacturer is suing Amazon for $280 million, claiming that the e-commerce giant backed away from agreements…
In the retail sector, supermarkets in many countries have seen their highest weekly sales ever, as consumers stock up on goods that they fear may be in short supply. Elizabeth de Jong of the UK Freight Trade Association told the BBC that the demand has been 50 to 100 per cent above usual, and road hauliers have adapted to keep up.
SupplyChain Matters highlights the latest financial performance from bellwether firms in CPG , online retail, high tech and consumer electronics regarding ongoing supplychain related inflationary cost and supply impacts on performance. Supplychain cost inflation remains prominent. Online Retail.
Lots happening in the SupplyChain space. Any freight they reject just pushes back into the domestic OTR space-putting further pressure on rates and capacity. Rolling blackouts in China are impacting production and although the situation in Vietnam is slowly improving, there are still significant challenges on the origin side.
Uber Freight recognizes the importance of managed transportation. Uber Freight has aquired Transplace. The LTL space remains significantly tight as well-no relief there at all. New activity in the M&A space-check out the details in the attached report. The acquisition comes at a time of accelerated transformation in logistics.
What is your air freight strategy for the year ahead? The surge in demand for air freight that took off in mid-2016 normalized in early 2018. The surge in demand for air freight that took off in mid-2016 normalized in early 2018. Airlines continue to hone their air freight capacity strategy. Two steps to take now.
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.
SupplyChain Matters provides readers and clients with a further installment in our global supplychain assessment series in providing highlights on reported June and Q2- 2024 global PMI activity levels. United States As SupplyChain Matters has observed in our prior highlights, the two followed indices of U.S.
SupplyChain Matters highlights for readers a published report noting how various manufacturers are seeking and establishing added resiliency and control of component and production networks. A published Future of Freight study sponsored by Deloitte in September 2022 indicated that U.S. We pointed out that in 2022, more U.S.
Lead times are typically 30-45 days for ocean freight, plus production time. Supplychain visibility is often limited. 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.
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. Next up: The Role of Traceability in the Pharma SupplyChain.
What is your air freight strategy for the year ahead? The surge in demand for air freight that took off in mid-2016 normalized in early 2018. The surge in demand for air freight that took off in mid-2016 normalized in early 2018. Airlines continue to hone their air freight capacity strategy. Two steps to take now.
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