Do you know the average detention charges can reach up to $50-$100 per container per day and accrue up to 20 times the container’s value? But what are these detention charges? When a ship is unloaded, free days are given to the consignee to unload the goods and return the container to the shipping company. If undertaking…
According to a recent study, 69% of companies do not have total supply chain visibility. Shippers face a daunting array of complicated difficulties or pain points when operating in today’s frequently volatile logistics and supply chain ecosystem. There are numerous potential sources of discomfort, but lack of visibility is the worst. So how can shippers…
Transportation is a significant part of the entire supply chain, and every company strives to reduce its transportation costs to maximise the supply chain ROI. Transportation logistics costs are rising for several reasons today – top reasons including the geo-political tensions caused due to the Russia-Ukraine crisis and capacity shortage caused due to global port…
China accounts for about 12% of global trade, and the country’s stringent COVID lockdown in Shanghai, home of the busiest container port, and other major cities across the country have snarled up the global supply chains. While the full impact of China’s lockdowns is yet to be felt, the action has caused factories and warehouses to…
Global supply chain challenges are compounding due to China’s strict lockdowns, especially in Shanghai, which is the home to the world’s busiest container port and a key gateway for foreign trade. The port accounted for more than 10% of the country’s total trade last year. The problem is trucks, not ships Due to the strict…
As China sticks to its zero Covid policy, a two-stage lockdown in Shanghai has created further fears of supply chain disruption. The Shanghai lockdown is causing ripples in a setting where severe port congestions, blank sailings, and increased freight rates are ongoing challenges that are yet to be resolved. In light of disruptions created by earlier pandemic-related…
Russia’s invasion of Ukraine has quickly developed into a humanitarian crisis. While disruptions in business cannot compare to human tragedy, the impact of the conflict is causing a domino effect in more aspects than one. The crisis is plaguing global trade by triggering an extensive supply chain disruption. In an increasingly globalised and interconnected supply…
The Russian invasion of Ukraine has set a worldwide ripple effect in motion. Fluctuating currencies, swinging stocks, soaring energy prices – the ordeal seems long. The global supply chain crisis against which industries have been fighting hard for the last couple of years is now plagued with a fresh set of challenges. The Russia Ukraine…
The French ocean carrier CMA CGM has announced the implementation of new Peak Season Surcharges (PSS) for cargoes transferred from Europe to several ports of America. Source: Container News
Two additional container berths at Ningbo-Zhoushan port have been opened temporarily for international vessels to reduce the pressure on container cargo handling. Source: Seatrade Maritime
About 1,700 dockworkers at West Coast ports have tested positive for Covid-19 in January alone, stretching capacity at the country’s busiest gateway for shipping containers. Source: Supply Chain Brain
The busiest Californian ports of Los Angeles and Long Beach saw a recording-breaking movement of cargo in 2021 aided by a rebounding economy and rapid surge in imports supported by consumer spending. Los Angeles processed about 10.7 million TEUs of cargo containers in 2021- an impressive 13% growth over the past year. Long Beach, on…
Dalian is the latest port city in China to detect the Omicron variant. As a result, forwarders have warned of more shipping delays in the countdown to the Chinese New Year. Source: The Loadstar
The country’s testing rules, combined with a lack of test kits for transport workers, has skyrocketed staff shortages in container logistics, putting the sector under strain. Source: The Loadstar
[Case study] Leading chemical distributor uses real-time visibility to mitigate port congestion Geography: Global | Module: GoTrack Automated Shipment Tracking “ The extent of the congestion crisis has reached unprecedented levels and is costing millions of dollars each day. While there seems no light at the end of the tunnel, live visibility over port delays…
Major strides were made by global representatives to accelerate the fight against greenhouse gas emissions, in the recent U.N. climate summit that was held in Glasgow. What significant impact could these pledges have on making the shipping industry sustainable? What is COP26 and why is it important? COP stands for “Conference of the parties” is…
Learn how Amazon’s innovative supply chain strategies help it excel in fulfilling customer orders.The e-commerce giant has been able to handle supply chain crunches better than most retailers. It has done this by having a very strong inventory management system that tracks the inventory of every item in its warehouses across the country. The company…
The recent Ningbo port congestion piled up more pressure on the already strained global supply chains and affected businesses adversely, especially in the US. This article looks at everything that led to the disruption and how shippers can mitigate the impact of such events in the future. The Ningbo Port in China’s Zhejiang Province was…
Most of the significant events that end up disrupting global supply chains happen without a note of warning and carry the potential to disrupt the best of plans. Although organisations put their best foot forward when planning their supply chain operations, with a wide range of stakeholders involved in the network, overcoming breakdowns remains a…
A year ago, none of us could have predicted that 2020 and 2021 would push global trade into utter chaos. But what’s even more astonishing is the spirit of resilience shown by supply chains worldwide all through the pandemic. Despite facing the full force of covid-19, the industry refused to get bogged down by the…
