The promise of the logistics relief that was supposed to come in Q2 looks like it’s being kicked down the road again.
LOGISTICS
COVID outbreaks in Shanghai and Shenzhen, so far, have not caused yet another major supply-chain disruption, though some impacts are being felt, according to Freightos.
All ports and terminals in Shenzhen (Yantian and Chiwan) are currently working as normal, however, Maersk said it foresees vessel waiting time will increase in these ports.
Asia-N. Europe ocean rates fell 13% since January to $12,564/FEU, their lowest level since July. Despite growing port congestion in Europe, inflation has caused a significant drop in demand from Europe, per Freightos.
Air cargo rates have risen from Shanghai to North America by over 22% and to northern Europe by 28% due to Covid-19 restrictions, higher jet fuel prices, and the restriction of Russian airspace, per UPS.
PODCAST
Why Behavioral Technology Might be the Next Big Thing for MarTech
Can we start to automate creativity? And will we risk losing the human touch as we push for greater automation?
Prantik Mazumdar, managing director of CXM Group, has pioneered new ways to use behavioral economics to drive CRM and better understand consumer decision making.
In this podcast, he talks about:
- Why successful marketing is about building brand value, rather than getting more clicks or likes.
- How automation is being ‘humanized’.
- The challenges of trying to automate creativity.
Getting the right product on the selling floor is a critical part of driving sales. This can be challenging in smaller spaces.
The Janger offers a clever solution that costs a fraction of what traditional hangers cost – and is sustainable too! Watch the video
MATERIALS
Cotton prices surged this week, caught up in the overall volatility that all commodities are facing.
Both cotton yarn and polyester yarn prices remained stable.
