Prolonged weakness continued in June for the Asia Pacific air cargo markets, according to preliminary traffic figures from the Association of Asia Pacific Airlines.
The latest issue of Drewry's Container Insight Weekly includes an analysis of how a Suez Canal closure would affect the container industry. Were social unrest in Egypt to disrupt shipping through the waterway, Drewry's concludes that there are enough vessels to move goods around Africa.
A series of general rate increases on the Asia-North Europe trade have gone into effect as container shipping lines once again attempt to force freight rates up to break-even levels, amid warnings from shippers and analysts that pricing volatility is set to continue - and possibly worsen.
LogiPharma Asia, the region's largest life sciences specific supply chain gathering will enable attendees to share best practice on creating regionalised supply chains across the continent, taking into account specific issues such as temperature control, supply chain security, regulatory compliance and supplier management
The market index for Asia to North Europe is still on the decline, with the average for a 20-foot seeing a 19-percent drop since the 26th of May compared to the 26th of June, according to Xeneta, the price comparison service for sea freight. The market average for a 40-foot in Asia to North Europe performed similarly with a 20-percent decline in container shipping rates in the same period.
It's been more than three years since the Obama Administration launched its National Export Initiative (NEI), with much ballyhoo. The stated goal of the massive effort was to double U.S. exports within five years - from $1.57tr in 2009 to a projected $3.14tn in 2015.
From the ground, Colombo's port does not look like much. But viewed from high up in one of the growing number of skyscrapers in Sri Lanka's capital, it is clear that something extraordinary is happening: China is creating a shipping hub just 200 miles from India's southern tip.
Rising and increasingly volatile costs dominate retailers' top challenges sourcing private label goods, while changes in consumer behavior fueled by mobility and online shopping are driving the strategic importance of private label sourcing, according to Deloitte's study entitled Private Label Sourcing: Strategies to Differentiate and Defend.