Brands are facing growing concerns that consumer demand might weaken more than previously expected.
LOGISTICS
Transpacific ocean rates have fallen so far this month, though this is the start of peak season, said Freightos.
The recovery of air freight in Shanghai is challenged by labor shortages and restricted trucking operations due to renewed quarantine measures, said UPS.
China-U.S. routes see further rate reductions as space continues to open up, reliability is improving, and vessel wait times remain relatively low, said Flexport.
Asia-Europe volumes are picking up again but recovery has not translated into a big surge thus far, said Flexport.
Minimal port congestion in Shanghai shows there’s still no sign of a surge of pent up demand many expected to follow the city’s reopening, said Freightos.
Congestion at LA/Long Beach has been reduced with currently fewer than 20 ships waiting for a berth, per Freightos.
SOURCING
Brands are starting to consider opportunities to partner with trusted buying agencies and other third party service providers to help them enter new countries and add in-country support, especially in places where they have smaller sourcing offices – or no sourcing office. Read more
Developing new products is important, however to survive in a competitive market more mills are looking to improve their processes and invest in better product quality. Read more
PODCAST
A New Strategy for Overcoming Executive Burnout
In recent years executives have faced excruciatingly stressful situations.
So what can leadership do to reduce the stress and position themselves for greater success?
In this podcast we hear from Michael King, an executive coach who has created a proprietary methodology called T.E.A.M.S
For over 20 year he’s worked with both entrepreneurs and corporate executives to help them achieve measurable business growth, while reducing a lot of the stress that is typically part of being successful.
You’ll learn:
- The game changing benefits of celebrating small wins.
- What leads to executive burnout – and how to prevent it.
- The ‘5 loudest voices in your life’ – and the critical impact it has on your success.
- The key difference between ‘blueprints and frameworks’ – and why it matters to your business.
MATERIALS
Materials prices eased as fears of rising inflation – and its potential impact on consumer demand – put downward pressure on prices.
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