Everstream Analytics’ Post

Following recent political unrest in #Bangladesh, shipping and logistics are slowly stabilizing. Koray Köse, Chief Industry Officer at Everstream Analytics, shares with The Wall Street Journal that #portcongestion and airfreight disruptions are causing delays of two to six weeks, mainly impacting winter and spring merchandise. For the full details, read Liz Young’s latest article ⤵

Following recent political unrest in #Bangladesh, shipping and logistics are slowly stabilizing. Koray Köse, Chief Industry Officer at Everstream Analytics, shares with The Wall Street Journal that #portcongestion and airfreight disruptions are causing delays of two to six weeks, mainly impacting winter and spring merchandise. For the full details, read Liz Young’s latest article ⤵

Following recent political unrest in #Bangladesh, shipping and logistics are slowly stabilizing. Koray Köse, Chief Industry Officer at Everstream Analytics, shares with The Wall Street Journal that #portcongestion and airfreight disruptions are causing delays of two to six weeks, mainly impacting winter and spring merchandise. For the full details, read Liz Young’s latest article ⤵

The low-high spot market spread on the #FarEast to the U.S. East Coast trade increased from $1,000 per FEU in December 2023 to $5,450 at the end of June, driven almost entirely by increasing market high rates. "By the end of June, the market-high rate was $5,640 per FEU higher than at the end of December while the market-low had risen by just $1,200 per FEU," says an update from Xeneta. #xeneta #ContainerShipping #Shipping #Logistics #SupplyChain #FreightRates #ITLNShipping Read More: https://lnkd.in/dAiRWNJ3

𝐏𝐫𝐨𝐭𝐞𝐬𝐭𝐬 𝐢𝐧 𝐁𝐚𝐧𝐠𝐥𝐚𝐝𝐞𝐬𝐡 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐨 𝐍𝐚𝐭𝐢𝐨𝐧𝐰𝐢𝐝𝐞 𝐂𝐮𝐫𝐟𝐞𝐰 𝐚𝐧𝐝 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐃𝐢𝐬𝐫𝐮𝐩𝐭𝐢𝐨𝐧 The government-imposed curfew in response to the protests, along with the ongoing internet outage, remains in effect, causing operations to continue being at a standstill. This situation is challenging, having caused an outage of online systems and platforms for all stakeholders across the supply chain. With customs systems down, air cargo movements have been completely halted until the internet systems are restored. Additionally, the movement restrictions imposed by the curfew have led to a shortage of manpower and resources for all businesses and entities. The port is operating with extremely limited manpower. Its online systems are still down, preventing any new online processing or updates on approvals. Ensuring the smooth movement of your cargo and the safety of our employees are our top priorities. We will continue to monitor the situation closely and provide you with as much information as possible. As your trusted integrated logistics partner, we understand the impact this situation is having on your supply chain. Rest assured, we are continuously striving to move your cargo as seamlessly as possible. Thank you for your understanding and patience during this challenging time. Our teams will contact you as soon as possible and are always available to support you. ---------------------------------- 𝐇𝐏 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 - 𝐌𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐥𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 🏛️ SAV1 - 03.02, The Sun Avenue, 28 Mai Chi Tho St., An Phu Ward, Thu Duc Dist., HCMC ☎️+84-28 3636 9684 📲 +84-703 315 684 📧 sales@hplogs.com.vn 🌐 www.hplogs.com.vn 🏅 𝐉𝐂𝐭𝐫𝐚𝐧𝐬 𝐈𝐃: 𝟏𝟏𝟒𝟏𝟑𝟗

#suezcanal #nearshoring #shipping #disruptions #logistics #supplychain #outoftheboxthinking #opportunity #alternatives #airfreight #recalibrate If the above hashtags can tell a story, it cannot be more realistic than in the shared article from #reuters We saw how the global #seafreight reactions impacted #business post #covid19, and a similar response seems to ongoing with the current crisis in the waters connecting the two hemispheres. It is quite interesting to note that there has been no #planb to the 154 year old connection through the Suez Canal, now faced probably due to the growth of #globalization and #ecommerce The extensive developments and transformation on the #multimodal logistics, in several regions of the world has not been able to change the traditional model which has supported trade since the previous millennium. Logistics thrives both in crisis and growth as the saying goes. However, this has been disrupted in such a way that the solution lies in an alternative approach, to bring the #industry or the #producer closer to the #consumer. The biggest impact is faced by #food and #fmcg industry and the #retail sector with rising #freight costs, diminishing #inventory and urgent need of time bound products. Can the adoption of #ai #automation #esg and #climatechange initiatives bring about a change in the way global economies produce and consume? Or is it just another day?

I highly recommend reading the text linked below (source: Reuter). The surprising impact of one branch of the Chinese economy on the global main deck cargo market. https://lnkd.in/dn-kapMU

When it comes to building supply chains, it can be easy for blind spots to creep in. This is why Diversified Global Products is committed to transparency so our customers can be confident their partners share their values. https://lnkd.in/eFUTqfx9 #transparency #values #supplychain #DiversifiedGlobalProducts

🌍🚢 Geopolitical instability in Bangladesh is causing major delays in the fashion and apparel industry, with over 3,000 tons of cargo stuck at the port and no immediate resolution in sight. Dive into our latest blog to understand these challenges and discover why visibility is crucial for managing disruptions effectively. 🔍 Read Here: https://lnkd.in/dsRVsBqE

Listen in as Dr. Shawn Bhimani takes the spotlight in an in-depth interview with ECOTEXTILE News!  🌟 Discover firsthand the goals of Supply Trace and Shawn's personal vision for revolutionizing supply chain transparency and accountability.  Learn about our pioneering efforts, from utilizing machine learning to create a searchable platform, to our mission of democratizing access to supply chain data.  Dive deep into the discussion as we explore the risks of forced labor in apparel exports from China's Xinjiang region to the US, and stay tuned as we scale up our endeavors, expanding geographically and incorporating new industries.   Watch the video now 👇🏼    https://lnkd.in/egeT52D2