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Posts tagged “Supply Chain”

 
Global supply chains ‘unlikely to fully recover this year’ 
 
Supply chain industry executives hold little hope for a global recovery from the Covid-19 pandemic in 2021, although many still see opportunities to increase business activity in emerging markets, despite a shift in the factors driving such investments, the annual Agility Emerging Markets Logistics Index survey today reveals. 
 
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Box port delays causing service cancellations 
 
Major global container lines are being forced to cancel significant numbers of east-west services due to exceptionally long delays to vessels caused by congestion in Asian and North American ports. 
 
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Decline in UK road-borne exports also hitting imports 
 
A lack of demand for road freight capacity from the UK, as a result of export volumes to the EU falling well short of normal levels almost one month after the end of the Brexit transition period, is making it difficult for importers to find trucks willing to make the journey to Britain because it is less financially worthwhile for hauliers than was previously the case, according to the Road Haulage Association (RHA). 
 
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China reaffirms attempt to cap box shipping rates 
 
China said it is planning to release measures to tackle the thorny supply issues for shippers in the container shipping market, raising concerns about another round of clampdowns on freight rates. 
 
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PORT OF FELIXSTOWE SELECTED FOR UK GOVERNMENT 5G TRIAL 
 
Hutchison Ports’ Port of Felixstowe will be the largest UK port to deploy 5G technology and the Internet of Things (IoT) to enhance productivity, efficiency and safety across its core operations 
 
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CNY 2021 blank sailings currently ‘far below previous years’ 
 
As strong ocean freight demand continues on the major trades, container lines look set to blank far fewer sailings around Chinese New Year (CNY) than in previous years with less than six weeks left before the usual annual shutdown of China’s manufacturing capacity and the normally associated slowdown of the ocean logistics systems that support it. 
 
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Asia-Europe container freight spot rates hit new highs 
 
Container spot freight rates from Asia to northern Europe have broken the $2,000 per teu level for the first time in a decade after rising by more than a quarter this week. 
 
The Shanghai Containerised Freight Index reported rates of $2,091 per teu on the Asia-northern Europe trade. The last time rates were this high was during the “dead cat bounce” that followed the global financial crisis, when rates topped £2,100 per teu in May 2010. 
 
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Forth Ports and DP World push forward with Thames Freeport bid 
 
As the Government launches the competitive bidding process, DP World and Forth Ports continue to push forward their bid for a Thames Freeport with London Gateway, the Port of Tilbury and Ford's Dagenham engine plant at its heart. 
 
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Shippers switching to air freight to escape sea freight hell 
 
With sea freight rates reaching some of the highest levels ever seen, along with equipment shortages, late vessels and still no guarantee of uplift, some shippers are starting to switch to air, driving up rates on a mode that had been enjoying some stability. 
 
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