freight, demand, US, essential goods

Global Freight Demand Sinks; U.S. Focuses on Essential Goods

U.S.-China freight rates have been heavily impacted by the ongoing developments in Covid-19, according  logistics expert Freightos, which also provides insight on global shipping trends. China-US West Coast prices (FBX01 Daily) rose 1 percent since last week to $1,533/FEU. Rates are 3 percent lower than last year’s prices for this week. China-US East Coast prices…

Covid-19

EU Chip Makers Weigh Production Risks Amid Covid-19

As the Covid-19 outbreak has worsened in Europe, semiconductor manufacturers have had to examine the health issues and risk factors for their workers. Most of Europe is under lockdown, paralyzing the economy and daily life of hundreds of millions of people. PSA Group, Renault, Fiat Chrysler, Volkswagen, Ferrari, among other car manufacturers, have suspended production…

cloud, digital transformation

Supply Chain Embraces the Cloud to Drive Digital Transformation

Companies managing their supply chain operations face the challenges of growing complexities of the global economy, the continuous rise in e-commerce and increasing customer expectations. To help confront these challenges and keep pace with customers’ needs, companies increasingly understand the importance of digitally transforming their supply chain to increase flexibility, visibility and reduce costs. According…

ISM Survey: 75% of Companies Report Supply Chain Disruption

Today the Institute for Supply Management (ISM) revealed the first-round results of a survey focused on coronavirus disease 2019 (Covid-19) business and supply chain impacts. Notably, nearly 75 percent of companies report supply chain disruptions in some capacity due to coronavirus-related transportation restrictions, and more than 80 percent believe that their organization will experience some…