It is increasingly looking like 2022 will bring a significant shift in key supply chain trends that defined the past two years.
LOGISTICS
Vessel dwell times at US and Canada West Coast ports remain critical as the pileup of pre-Chinese New Year cargo worsens, according to Flexport.
Ports in Beijing, Shenzhen, Tianjin, Dalian and several others have had no major impacts from Covid this week, with no positive case amongst port workers, said Freightos.
Demand for space is increasing as we are heading into the Indian Subcontinent region’s traditional peak from January – April, per Flexport.
China-North Europe air cargo prices reached $9.59/kg last week, up significantly since the start of the month when they were less than $6/kg, according to the Freightos Air Index.
PODCAST
A Supply Chain Platform for Asian Suppliers
One of the great things about technology is that it has leveled the playing field giving even small businesses access to tools that used to be only available to the big players.
In this episode Bernard Hor, Co-Founder of Hatio Group talks:
How to get started digitizing your supply chain.
Why you need to start small to be big.
The big wins that small to midsize companies can expect from digitizing their supply chains.
ENERGY
Oil analysts have raised their oil price forecasts for Q1 2022, expecting demand to outpace supply, according to Argus.
MATERIALS
- Cotton futures have exceeded 120 USd/Lbs, the highest since June 2011, amid expectations of firm demand, particularly from China and tight supplies.
- Rising oil prices have pushed up synthetic fiber prices.
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