Retailers are pulling some summer orders forward to hedge against potential new logistics logjams, especially into the US.
LOGISTICS
Key US port worker’s union contracts will expire at the end of June raising concerns of potential strikes, according to Freightos.
Trans-Pacific import projections and early 2022 data forecasting indicate that this will be another year of supply chain bottlenecks that may worsen in the summer-fall peak season, according to UPS.
Ocean rates on Asia-N. Europe routes continue to fall – despite worsening congestion at major ports – as inflation continues to push down demand. Rates are down 20% since January, per Freightos.
Despite lockdowns (rotational until April 5), Shanghai ports will remain open with minimal disruption to trade. So far, ocean carriers have not announced any blank sailings, said Flexport.
Shanghai-US air cargo rates have climbed about 10% in the last two weeks, though the combination of lower demand and removal of capacity could keep air cargo rates level, according to Freightos.
PODCAST
What Can Every Business Learn from a Successful Software Startup
If you’re looking for some actionable business best practices that have been tested in an enterprise environment, then take a few minutes to listen to Girish Redekar.
Girish founded and exited RecruiterBox, an enterprise HRTech application. Along the way he’s gained key business insights that can make any business more successful.
In this podcast, he talks about:
- Why trust is the number one criteria you need to meet when developing products and services.
- Why you shouldn’t try to meet every customer demand.
- How to choose the right SaaS software for your business.
- The biggest lesson learned along this entrepreneurial journey.
MATERIALS
International cotton prices are expected to remain high this year. Demand for cotton is expected to continue to grow, however an easing of supply chain bottlenecks will result in lower international cotton prices in 2022-23 averaging US$ 98 cents/pound, according to Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES).
YOU MIGHT HAVE MISSED THESE ARTICLES
- Why Every Brand Needs an ‘Amazon Plan’
- Understanding The New ‘Less is More’ Economy
- 5 Top Use Cases for AI in Apparel Manaufacturing
- How to Turn Your Brand into a High Marging ‘Cult Brand’
- How Data Automation Can 10X Your Sales
- Ecommerce: Fast Delivery is a Hard Habit to Break
- Seeking Agility in an Uncertain Environment
- Why ‘Employee Experience’ is the New Buzzword
- NFTs: Next Big Thing or Newest Fad?
- How IIoT is Revolutionizing Manufacturing
