Economic headwinds are driving more cautious forecasts about the price of everything – from shipping costs to raw materials.
LOGISTICS
Increased scheduled capacity through October suggest carriers do not expect a collapse in volumes, according to Freightos.
Asia to North America schedule reliability among the alliances remains low and varied. Spot rates continue to fall with blank sailings on the rise, according to Flexport.
Asia to Europe supply is still relatively tight due to the large amount of blank sailings, vessel sliding, and port omissions, per Flexport.
Although the German dockworker’s strike has finished, access to the Port of Hamburg is limited due to the overcrowded infrastructure, said UPS. The port congestion in Europe particularly for Hamburg and Rotterdam has reached critical levels, said Flexport.
China – US West Coast air cargo rates have fallen 15% in the last month, though rates are still about twice the pre-pandemic norm, per Freightos.
SUSTAINABILITY
Crystal Denim, the denim division of Crystal International (Hong Kong), has unveiled its first-ever carbon footprint calculator “MyBluPrint”, a dedicated launch to align with the Group’s Crystal Net Zero 2050 vision. Read more
MATERIALS SOURCING
A Multicultural Approach to a Signature Look
What happens when you combine Italian color and beauty with Japanese technical expertise? The result is denim that is beautiful and raw with a look that is very unique – and stands out in a highly competitive market. Read More
PODCAST
How Digitization Could Make Healthcare More Accurate & More Accessible
One of the lessons from the pandemic that is often overlooked is the critical role that data plays in the healthcare sector.
And yet despite huge tech advancement in diagnostics and other areas of healthcare, when it comes to data the sector trails just about every other industry.
In this podcast we hear from Robin Wiener, President and Co-Founder of Get Real Health, an award winning HealthTech company that helps doctors to have greater access to patient health data, while making it easier for patients to get healthcare – regardless of where they are located.
What You’ll Learn
- Why having better access to data can help the healthcare sector solve some of the world’s biggest healthcare challenges.
- How new technology is bringing better healthcare to people outside of major metropolitan areas.
- What’s holding the industry back from implementing technology already in use in other sectors.
ENERGY
Crude oil is expected to trade at 98.36 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
Shortages in Europe and reduced reserves in the U.S. are forecast to keep prices high.
MATERIALS
Cotton futures on ICE hovered around the 10-month low level of 100 cents per pound as traders balanced prospects of lower production with weak demand concerns.
Oil prices remain high, making transportation costs for moving raw materials more expensive.
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