Mass market retailers appear to have their inventories under control, thanks to heavy investment in out-of-the-box logistics solutions.
LOGISTICS
Rate levels remained elevated, but stable this week.
Demand from Asia to North America is expected to remain strong for the remainder of 2021.
- The outlook reflects shippers placing bookings for cargo that must depart prior to Chinese New Year in early February.
- High demand and reduced capacity is keeping rates at elevated levels, which according to some estimates, are not expected to return to pre-Covid levels for at least another year, according to Flexport.
From Asia to Europe market demand consistently exceeds supply.
- Carriers are overcommitted and are limiting booking acceptance or rolling shipments.
- With continuous vessel delays and shifts, schedule reliability is very low.
Associated British Ports’ chief executive Henrik Pedersen has warned that supply-chain disruption is likely to persist until 2023. He pointed to the challenge of turning around a situation where both shipping and road deliveries are under stress.
PODCAST
How to Combine Data + Marketing to 10X Your Lead Generation
In this episode data marketing expert Joanne Persico, President of ONEcount, shares how we can marry our customer data with marketing objectives to drive more sales:
- 6 Pillars for Rethinking How You Manage Data
- How B2B Companies Can Use Customer Data Like Big Tech Does (in other words, Steal a Page from their B2C Playbook)
- How Better Data Management Can Support Your Company in Building Greater Trust with Your Customers
SUPPLY CHAIN STRATEGY
Target (USA) has pulled out all the stops to ensure its shelves are stocked. In addition to contracting some of its own ships, the retailer unloaded about 60% of its containers at off-peak times and sent more of its goods to less busy ports, CEO Brian Cornell said during an earnings call.
MATERIALS
Yarn prices leveled off and are expected to remain stable now that we are past peak season.
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