Hey, we know you are busy. We also know you want to want to be aware of everything happening in the supply chain industry. This is the spot for you. A weekly roundup so you are quickly updated.
1. Freight Updates: Weather, Congestion, and the Chinese New Year
The freezing weather conditions create disruptions like delays with truck power, with some places like Chicago and Grand Rapids receiving over 12 inches of snow in the last 48 hours. Many drivers are not on the road due to safety concerns or just being snowed in.
The Ports of Los Angeles and Long Beach have been hit with a severe congestion for the past couple of weeks. The congestion and added vessel calls are creating labor shortage at the West Coast terminals. Vessels generally have to wait two to three shifts after arrival before labor is available for operations.
Some blank sailings end up taking place after the Chinese New Year in order to reduce capacity and increase freight rates. Blank sailing is a term that means there is a cancelled sailing. A blank sailing could refer to a vessel skipping a port or the entire journey being cancelled.
2. Imports to the US will drop, says Maersk CEO
The downturn in imports headed for the U.S. has yet to be seen in the numbers for January due to shippers moving large volumes of goods in preparation for Chinese New Year, Skou said. Many factories in China shut down every year to allow their workers to celebrate the holiday, which falls on Feb. 5 this year. But he expects a downturn in the coming months: "At some point that will be seen in the numbers," Skou told Bloomberg.
3. Air cargo growth stagnated in November 2018
"Normally the fourth quarter is a peak season for air cargo. So essentially flat growth in November is a big disappointment," Alexandre de Juniac, IATA’s Director General and CEO, said in a press release. November's unchanged year-over-year growth was air cargo's slowest growth rate since March 2016.
4. 5 Areas Where the NFL’s Supply Chain Can’t Fumble
Excited for the Super Bowl?! Supply chain management, as we all know, is a non-stopping process. NFL’s personnel and team associates are always working towards the next season. Check these 5 areas where the NFL's Supply Chain can't fumble!
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