While shifting Asian cargo from East Coast to West Coast U.S. ports adds time and cost, it is one option shippers have to counter continued risk in the Red Sea.
December imports, at 2.2 million TEU (Twenty-Foot Equivalent Units), increased 9% in December, matching November’s annual percentage gain. For all of calendar year 2023, S&P reported that imports fell 8.5%, to 28.9 million TEU, while the fourth quarter posted an 8%…
As shippers navigate goods around low water levels in the Panama Canal and risks in the Red Sea, rates are rising and the risk of downstream disruptions is growing.
While nearshoring can be a risk mitigation tool, it’s important for businesses to consider the differences between countries, including cultural, trade and even weather patterns, which can lead to road closures or weight reductions.
Nearly 75% of companies plan to reduce their share of sourcing from China, with the U.S. and Mexico appearing to be the big winners according to an AlixPartners survey.
As the industrialized world gets older, there is a lot of potential in developing products for older populations. This will have profound implications for both future global demand and supply (especially with regard to looming labor shortages).
As the supply chain has become more global and more complicated, the influence of geopolitical events is creating more urgency for businesses to secure their networks.
Saturday, September 2, 2023 · Tom Morgan, Richard Tarpey, Ila Manuj, Kiran Patil and Terry Pohlen
The dynamic nature of supply chains necessitates continuous learning, which can unlock benefits for all involved, including improved service delivery, customer satisfaction, and competitive advantage.
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