Import volumes at Felixstowe have been 30% higher than usual in recent weeks, leading to severe congestion at the port, which has impacted road and rail transport and with port efficiency further diminished by the COVID crisis vehicle booking slots are not currently being issued, the restitution of empty containers has been interrupted and some vessels are omitting or diverting from the port.
Sea freight volumes from Asia have been improving steadily since the COVID-19 lockdowns of April and May, confounding shipping lines that have been blanking sailings in the expectation of low demand from battered economies and mostly in recession.
The South China Morning Post (SCMP) has been Asia’s primary newspaper and portal for more than a century, which is why being called on by SCMP journalists for our expertise in these challenging times is such an accolade.
Key sourcing regions in China are experiencing the worst flood in decades, devastating supply chains, with red alerts declared in Wuhan, Anhui, Jiangxi and Zhejiang due to heavy rains.
Reporting on rail freight congestion from China to Europe, The Loadstar quoted the industry experts, Norman global Logistics, extensively to explain and outline the situation.
The government has pledged £705 million to prepare its post-Brexit borders and launched a £90 million advertising campaign, telling business it’s time to ‘Check, Change, Go’ – So take Brexit action now to protect your supply chain.
The Road Haulage Association has warned that a critical pre-lodgement Brexit IT system won’t be fully functional for the end of transition, with the potential for chaos on day one and for some time after.
With 75% of the world’s manufacturing affected by the pandemic, it is little wonder that 60% of supply chain managers confirmed that they had been significantly impacted in recent months and that supply chain reviews are topping many boardroom agendas.
The shipping lines blanking programme from China to Europe is keeping a tight grip on prices, with spot rates up 32% on last year.
The surge for PPE is beginning to level off, and with the extra capacity in our skies, it’s having a positive effect on air freight costs.