As the peak season from Asia looks set to continue up to Chinese New Year with more price rises and blanked sailings on the way, our MD in the region considers four critical developments in 2020 and how they impacted rates, volumes and equipment availability.
While England enters the second day of its month-long lockdown, the COVID pandemic continues to impact global supply chains in the most profound ways, diminishing port performance at origin and destination, while slashing air and sea carrier capacity and reliability and driving rates up.
Equipment shortages are spreading to China, as the lines struggle to reposition sufficient empty containers, with some lines diverting equipment to higher-yielding trans-pacific trade lanes.
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.
In a recent global survey, 60% of supply chain managers confirmed that they had been significantly impacted by the pandemic and 68% agreed that technology is critical in protecting their supply chains.
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 surprising conclusion of this week’s webinar – Post COVID-19 EFFECTS TO THE SUPPLY CHAIN – was how the resilience of China and global supply chains are being highlighted in the Post-COVID world.
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 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.
Yantian Container Port (YICT) surveyed major manufacturers, importers and world 50 third-party logistics providers, to get their thoughts on the business outlook for 2020, with over half expecting growth in the third quarter.