🚨 Attention all supply chain professionals! 🚨 The looming strike by Canadian Border Services Agency workers could shake up the game. ⏳ Brace yourself for potential delays, service disruptions, and the dreaded picketing. 🚧 Meanwhile, over in Singapore, rising shipping container costs and port congestion are throwing a curveball at global trade. 📦✈️ And let's not forget the nitty-gritty of compliance when it comes to importing fresh produce into the US. 🍎🛃 Stay ahead of the game and keep those supply chains resilient! 💪 #SupplyChain #GlobalTrade #Compliance #StayAhead
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#shipping_updates Attention Supply Chain Professionals! Shipment delays are doubling as a surge in demand overwhelms the Singapore port, a key artery in global trade. Ships are facing longer wait times due to: A shortage of container ships and containers Increased diversions due to unrest in the Red Sea ⛔ A surge in exports from China 🇨🇳 This congestion is expected to lead to: Higher prices for consumers Disruptions throughout global supply chains How is this impacting your business? Share your thoughts and insights in the comments below! ⤵️ #SupplyChain #ShippingDelays #SingaporePort #GlobalTrade #Logistics
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EMEA Trade Compliance Manager @Energizer Holding Inc. | Supply Chain & International Trade Expert | BSCM, CSCP | Help new Gen understand basics of SC and Int. Trade | Spreading Culture of Compliance
important to mitigate the risk of Supply
Are we going to face a new crisis in the supply chain in 2024? The recent reports show port congestion in Singapore and some Chinese ports which led to a sudden increase in the sea freight costs from China and some other asian countries in the last two weeks. #SupplyChain #Logistics #GlobalTrade
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💣 All eyes on China and the Far East! What is behind the high prices? Real demand? Earlier peak season? Longer transit time? Blank sailings? Shortage of containers? Terminal congestion? Some answers are visible... some not. A few insights explained in this video, so worth watching it. #freightforwarding #AirmaxCargoBudapest #logistics #importing #containers
Are we going to face a new crisis in the supply chain in 2024? The recent reports show port congestion in Singapore and some Chinese ports which led to a sudden increase in the sea freight costs from China and some other asian countries in the last two weeks. #SupplyChain #Logistics #GlobalTrade
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Are we going to face a new crisis in the supply chain in 2024? The recent reports show port congestion in Singapore and some Chinese ports which led to a sudden increase in the sea freight costs from China and some other asian countries in the last two weeks. #SupplyChain #Logistics #GlobalTrade
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Business Development Manager | Transforming complex logistics challenges into streamlined, cost-effective systems in Air, Sea and Rail.
Seaport Congestion in Asia and America: Challenges and Adaptations Global trade is facing significant delays due to congestion at key Asian and American ports. Major factors include: 1. Pandemic Disruptions: Ongoing impacts on supply chains. 2. E-commerce Boom: Increased shipping volumes. 3. Infrastructure Issues: Outdated facilities struggling to cope. 4. Container Shortages: Imbalances causing further delays. 5. Red Sea Crisis: Geopolitical tensions affecting shipping routes. Asian ports like Shanghai and Singapore, and American ports such as Los Angeles and Long Beach, are heavily affected. These delays impact production and inventory levels globally. How is your organization handling these challenges? Share your thoughts! #Logistics #SupplyChain #GlobalTrade #PortCongestion #Innovation
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🚨 Red Alert: Crisis in Asian Ports Threatens International Trade! 🌏 Importers, prepare yourselves: the situation in Asian ports has become critical. 🛳 What's going on? 🤔 🚢 Extreme shortage of ships: finding a container is more difficult than finding a partner. 🇸🇬 Unprecedented port congestion: In Singapore, the number of ships waiting has doubled, with wait times of up to 7 days. 💰 Freight rates through the roof: prices have skyrocketed, making imports more expensive. ⏳ Eternal delivery times: 2 to 6 months, crazy! Consequences? 📉 📈 Rampant inflation: the increase in costs is reflected in final prices. 🛒 Shortage in sight: the shortage of imported products could affect everyone. To do? ✅ 📰 Stay informed: follow the latest news on the crisis. 📅 Plan ahead: Anticipate delays and adjust your strategies. 🌐 Diversify suppliers: look for alternatives in other countries. 🤝 Ally yourself with a logistics expert: they will help you navigate the crisis. Share this message and together let's overcome this challenge! 🌟 #logisticscrisis #import #inflation #shortages #internationaltrade
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🚢🌐 The 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 is fraught with challenges, including 𝘀𝗵𝗶𝗽𝗺𝗲𝗻𝘁 𝗱𝗲𝗹𝗮𝘆𝘀 𝗮𝗻𝗱 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗹𝗼𝗴𝗶𝘀𝘁𝗶𝗰 𝗳𝗲𝗲𝘀. Factors such as container shortages, longer transit times, adverse weather, and fewer sailings from key Asian ports are exacerbating these issues. The Red Sea crisis has further complicated matters, forcing many shipping lines to reroute around the Cape of Good Hope, adding two weeks to delivery times and reducing global container capacity. Port congestion in Singapore and Shanghai has intensified as ships circle back due to the dangers in the Red Sea. Meanwhile, the expiration of 233 exclusions to the 301 tariffs on Chinese imports by the United States Trade Representative (USTR) is adding pressure, with a grace period through Jun 14th before tariffs take effect. This is causing a surge in demand to ship goods before the deadline, further straining the supply chain. 𝗧𝗼 𝗻𝗮𝘃𝗶𝗴𝗮𝘁𝗲 𝘁𝗵𝗲𝘀𝗲 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀, 𝗼𝘂𝗿 𝘁𝗲𝗮𝗺 𝗶𝘀 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗵𝗮𝗿𝗱 𝘁𝗼: 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴: Collaborate with marketers to plan campaigns early, accommodating longer lead times. 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗥𝗼𝘂𝘁𝗲𝘀: Partner with freight forwarders to find alternative routes and mitigate delays. 𝗘𝘅𝗽𝗮𝗻𝗱 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗡𝗲𝘁𝘄𝗼𝗿𝗸: Source from local or neighboring suppliers for faster turnaround and responsiveness to market changes. 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Keep customers informed about potential delays to maintain trust. 𝘈 𝘩𝘶𝘨𝘦 𝘢𝘱𝘱𝘳𝘦𝘤𝘪𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘰𝘶𝘳 𝘵𝘦𝘢𝘮 𝘸𝘩𝘰 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘵𝘪𝘳𝘦𝘭𝘦𝘴𝘴𝘭𝘺 𝘰𝘷𝘦𝘳 𝘵𝘩𝘦 𝘱𝘢𝘴𝘵 𝘮𝘰𝘯𝘵𝘩 𝘵𝘰 𝘯𝘢𝘷𝘪𝘨𝘢𝘵𝘦 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘵𝘩𝘪𝘴 𝘴𝘶𝘱𝘱𝘭𝘺 𝘤𝘩𝘢𝘪𝘯 𝘤𝘳𝘪𝘴𝘪𝘴 𝘵𝘰 𝘦𝘯𝘴𝘶𝘳𝘦 𝘵𝘩𝘦 𝘨𝘰𝘰𝘥𝘴 𝘳𝘦𝘢𝘤𝘩 𝘰𝘶𝘳 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳𝘴 𝘰𝘯 𝘵𝘪𝘮𝘦 𝘧𝘰𝘳 𝘵𝘩𝘦𝘪𝘳 𝘱𝘳𝘰𝘮𝘰𝘵𝘪𝘰𝘯𝘴. 𝘠𝘰𝘶𝘳 𝘥𝘦𝘥𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘩𝘢𝘳𝘥 𝘸𝘰𝘳𝘬 𝘢𝘳𝘦 𝘵𝘳𝘶𝘭𝘺 𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘣𝘭𝘦. #SupplyChainCrisis #Logistics #MarketingStrategy #BusinessResilience #DTCWorld
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Looks like another supply chain problem is developing due to the conflict in Israel. This one seems like it will affect Europe and China more than the US, but all the same, it's another lesson in why controlling the means of production is crucial regardless of how sophisticated we can make the economy. From the US side, we're spending significant resources to keep those waters navigable. #China #Europe #US #trade #shipping https://lnkd.in/eKunSytn
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The China question. Doing business with and in China is fraught with complexity and risk. But so is the complexity of a broadening global supply chain. Leaning on Moody's as a data partner helps to more efficiently clarify and address these risks.
Over the last 20+ years the United States’ supply chain relationships have undergone significant changes. From 1995 to today, bilateral trade between USA and China has progressively declined after an early boom, due to growing tariffs, increases in sanctions, and COVID-induced supply chain disruptions. These factors and political tensions have led the US to focus on finding new trade and supply partners elsewhere, with an emphasis on politically aligned countries, in addition to bringing production back home whenever possible. As a result – as this data visualization shows - Southeast Asia has become a place of special interest for the US, with a growing number of businesses in that region taking over supply chain roles that Chinese companies had previously filled. But new markets come with new risks, creating numerous challenges for compliance teams. We’ve enumerated just what some of those risks are by country in this new data story. https://lnkd.in/gSxUjbae
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Over the last 20+ years the United States’ supply chain relationships have undergone significant changes. From 1995 to today, bilateral trade between USA and China has progressively declined after an early boom, due to growing tariffs, increases in sanctions, and COVID-induced supply chain disruptions. These factors and political tensions have led the US to focus on finding new trade and supply partners elsewhere, with an emphasis on politically aligned countries, in addition to bringing production back home whenever possible. As a result – as this data visualization shows - Southeast Asia has become a place of special interest for the US, with a growing number of businesses in that region taking over supply chain roles that Chinese companies had previously filled. But new markets come with new risks, creating numerous challenges for compliance teams. We’ve enumerated just what some of those risks are by country in this new data story. https://lnkd.in/gSxUjbae
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Experienced e-Commerce Development, Custom Application Development, Business Process Outsourcing Solutions Consultant
4moLove how you're keeping everyone on their toes with this update! Strikes, costs, congestion - it's like a triple-threat to supply chains everywhere. Thanks for sharing your insights and keeping the community informed. Here's to staying resilient!