Friday, October 23, 2020 · David Sokoloff and Gaohui Zhang
Shippers regularly establish contracts with carriers to reduce their exposure to the volatility of the trucking market. However, the trucking industry is unique in the sense that contracts are often non-binding.
As outlined in our current website feature, climate change may make the Arctic Ocean a viable alternative sea channel for global supply chain managers. In this exclusive Q&A interview with Hiba Baroud, Vanderbilt University Littlejohn Dean’s Faculty Fellow and assistant…
Geopolitical considerations are also a factor in considering Arctic trade routes as both Russia and China have indicated their ambitious plans to expand their footholds in the region.
To remain competitive in an ever-changing environment, chief supply chain officers (CSCOS) must apply advanced strategies to develop and train supply chain talent, according to Gartner, Inc.
“The sharp rebound in global trade volume has been one of the bright spots in an unusually cloudy outlook," says Nariman Behravesh, chief economist, IHS Markit. Nonetheless, he has concerns about fresh challenges ahead.
Despite its disruptive impact on consumer behavior and retail spending throughout the year, COVID-19 is not cancelling the holiday shopping season, although it is changing how and where consumers will shop.
Spot container freight rates have increased in recent months, driven by shipping companies’ supply discipline, despite a decline in demand at the start of the coronavirus pandemic, Fitch Ratings says.
Foley reports show a shift away from China and just-in-time manufacturing models – and toward stability, resilience and adoption of new innovations – among other key findings.
Historically the supply chain has been the engine room of the company, driving the business forward but largely out of sight. All of this has changed with the COVID-19 outbreak.
In a joint broadcast presented by Port of Los Angeles today, Executive Director Gene Seroka discussed the port’s best September as well as the best single three-month quarter in the port’s 114-year history.
It is too early in the Q4 bid season to reach exact conclusions about 2021 rate changes. However, industry analysts say the signs are obvious in the spot market for ocean transportation that carriers have gained pricing power and are managing ship capacity to their advantage.
The latest market intelligence shared by insight from Resilience360 provides supply chain managers with news on impacts of the labor dispute at the major port operators in Australia, including DP World, Patricks and Hutchinson.
As Texas and Louisiana start to pick up the pieces after Hurricane Delta, the American Logistics Aid Network (ALAN) is gearing up to provide support – and hoping that members of the logistics community will be just as willing to help with the 25th named storm of the season…
For those looking to update their supply chain strategy over the next 3-5 years, the world markets are over-served, and global supply chains are going to evolve to the next logical configuration.
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