Supply chain execs are becoming battle-weary from relentless disruptions that seem to never end.
LOGISTICS
Ex-Asia ocean rates fell this week as lockdowns in key Chinese manufacturing cities slowed exports. This could give ports an opportunity to clear some of their current backlogs, according to Freightos.
- However demand – and rates – could climb again after lockdowns are lifted.
Asia-Europe demand has been decreasing as inflation gets worse. Ocean rates have been on a downward trend through March, said Flexport.
Shenzhen-area ports, including the critical Port of Yantian (handles about 25% of US-bound exports) officially remain open and carriers have yet to cancel port calls, though an update from Seko Logistics indicates that the port will not handle any new exports next week.
Maersk has been subpoenaed by the US Department of Justice as part of an ongoing investigation into supply chain disruptions. The EU, Australia and other nations are also calling for the investigation of possible profiteering by carriers.
PODCAST
Green Energy is the Future. Here’s What It Could Look Like
The dual goals of cleaning up the environment and potentially lowering energy prices has put renewable energy in the spotlight.
But can we really harness enough wind, solar, hydro and other green energy sources to replace fossil fuels? And if so, what will it take to achieve this?
In this podcast Carolina Torres, Executive Director of Energy Industry Transformation at Cognite, shares an insider’s view of:
- What she sees as the biggest barrier to renewables going mass market.
- A key difference between fossil fuels and renewable energy.
- Why we need to take a totally new approach to how we analyze data.
- What might be coming next for the energy sector.
SUSTAINABILITY
Why PLM can help brands make measurable reductions in CO2 emissions. Read More
Crystal International (Hong Kong) has stepped up its long-term commitment – Crystal Net Zero 2050 Vision, in line with climate science to keep global warming below 1.5oC and set an interim target of reducing 35% aggregate greenhouse gas emissions by 2030, aligning with a science-based target approach. Read More
Epic Group (Hong Kong) is elevating sustainability standards in apparel manufacturing across its global operations by putting ESG, amongst other initiatives, at the heart of their operations. Read More
MATERIALS
Commodity prices continued their wild ride, this week retreating from previous record highs. However, analysts agree that the market is likely to remain“highly volatile”.
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