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This Week in Logistics News (June 22 – 28)

Logistics Viewpoints

Ship backups that plagued seaports during the Covid pandemic are making a comeback, as vessel diversions because of attacks in the Red Sea trigger gridlock and soaring costs at the start of the peak shipping season. Postal Service after UPS recently won the five-year contract.

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Samsung Electronics Reports Six Fold Quarterly Profit Increase- Striking Workers Return to Work

Supply Chain Matters

According to reporting from The Wall Street Journal , the ongoing AI driven demand cycle provided a tailwind for the supplier’s smartphone and consumer electronics business units, each of which began shipping products featuring advanced AI functions. Rival Apple reportedly shipped 45.2 million devices in the latest quarter.

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The coronavirus supply chain

Supply Chain Movement

The media coverage of supply chain has increased exponentially as a result of the coronavirus epidemic in China, South Korea and Italy. All companies that produce and ship tangible goods are currently working hard to assess the impact of the outbreak on their own supply chains.

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Global Supply Chain Disruptions on the Rise

Supply Chain Matters

A further noteworthy trend pointed out was increased labor unrest occurring in countries like France , the Philippines, South Korea and Indonesia. East and Gulf Coast dockworkers and shipping operators have made little progress in labor contract renewal talks and the existing contract expires at the end of September.

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South Korea Pledging More Financial, R&D Support for Shipbuilding

Supply Chain Brain

As part of the country’s three-pronged plan, the amount of government support issued for ship construction will increase from $91 million to $300 million.

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Doing Business in Singapore

QAD

Typical manufactured products include electronics, chemicals, oil drilling equipment, petroleum refining, biomedical products, scientific instruments, telecommunications equipment, processed food and beverages, ship repair and offshore platform construction. Import partners were China, Malaysia, the US, Japan and South Korea.

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Upturn in Global Manufacturing in June- Cautionary Signs Prevail

Supply Chain Matters

Of particular note was commentary relative to supplier delivery times in June: “ Suppliers’ delivery times lengthened for the first time in five months amid issues with shipping, port congestion and staff shortages at vendors. These trends are somewhat similar to the immediate post-pandemic period when global shipping disruptions cascaded.