Red Hot Steel Market Cools
Lower prices will likely take months to flow through supply chains, since many manufacturers purchase steel through fixed-price contracts.
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supply chain
Ocean Shipping Rates May Double in 2022
Trucking companies are projecting double-digit growth in contract rates for 2022.
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Six in 10 Containers Leave U.S. Ports Empty
Voracious demand for imported goods by U.S. consumers has pushed up rates for freight being shipped across the Pacific from Asia to the U.S., making that trip far more lucrative than the journey from the U.S. to Asia.
Read moreLockdown in China Threatens Supply Chain
The district shut down is one of six below Ningbo, which has one of the world’s largest ports, raising concerns the already stressed supply chain may face more trouble.
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Analyst: ‘Worst is Over’ in Supply Chain Woes
The analyst said that significant levels of pre-orders from retailers and construction of new container ships will ease pressures on the supply chain.
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Truckers: ‘Lazy’ Crane Operators Exacerbate Port Delays
Crane operators who belong to a powerful union and earn up to $250,000 a year are worsening the supply chain crisis by goofing off on the job, frustrated truckers told reporters.
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Dealers Dig Out GPS Units from 2004 for Farmers
“It’s the perfect storm of Tylenol moments,” said AGCO’s Greg Toornman. “It’s one headache after another.”
Read moreChip Shortage Forces Plant Closures at CNH
The shutdowns in Europe will not exceed eight days and will conclude by month’s end.
Read moreTrouble Begets Trouble: Port Jams Claim Capacity
An analysis shows that the amount of additional capacity required to meet demand is being outstripped by the amount of capacity being held up out of service as it awaits berthing slots.
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Supply Chain Mess Leads to Contract Changes
Companies increasingly are seeking to add provisions to contracts that cover the impact of pandemics or epidemics and accelerating inflation.
Read moreSupply Chain: Logjams Intensify on East Coast
“We have seen this transition from just-in-time in supply chains to just-in-case, and that is significantly changing our environment,” said Griff Lynch with Georgia Ports Authority.
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Wave of Shipper Consolidations Contributes to Supply Chain Stress
Businesses are paying at least four times more to move their products than they were last year and face longer delivery times. Contributing to the problem is that the top six container operators control more than 70 percent of all container capacity.
Read moreNearly 400 Container Ships Wait to Berth
Globally, 376 container ships carrying are piled up near ports, according to figures compiled Thursday. The longest wait at that time was 15 days in queue.
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Logistics, Supply Chain Data Forecasts Continued Trouble
LTL traffic will see a continued capacity crunch and possible rate increases, the report forecasts.
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Supply Chain Backlogs Intensify
Ports contending with record-high volumes are causing delays, and those delays are contributing to ocean freight rates that have quadrupled.
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White House to Launch Supply Chain Task Force
The task force will address the bottlenecks in the agriculture, construction, transportation and semiconductor sectors.
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Suppliers Struggle, Steel Prices Soar Amid Rebound
“We can sell everything we have,” said Brad Serlin, president of United Scrap Metal Inc. “Steel mills that were out of the market all of a sudden are doing big orders.”
Read moreIn Preventing Cyber Attacks, Think Supply Chain
Managing these vulnerabilities requires companies to collaborate with key supply-chain partners in ways such as jointly assessing risks in the supply chain and coordinating investments. Writers offered four fundamentals.
Read moreWhite House Doubles Down on Supply Chain in China
A longstanding priority for the president has become a “whole of government” push amid what officials call a “perfect storm.”
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Hemp Appears Immune to Coronavirus
Upheaval in the supply chain has been less disruptive to hemp growers than more traditional producers. Pandemic restrictions may even be driving up CBD sales.
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