Economic activity in the manufacturing sector contracted in May for the first time since November 2012, and the overall economy grew for the 48th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
Drewry's latest Dry Bulk Forecaster reports that coal has been the recent saviour of the dry bulk market. Global GDP grew by 3.2 percent in 2012, following growth of 5.2 percent and 4.0 percent in the post-recession years of 2010 and 2011. This slowdown blighted dry bulk cargo volumes and in turn tonnage demand. Global steel production, reflecting industrial and growth activity around the world, grew by only 1.3 percent in 2012, with a subsequent impact on iron ore and coking coal trade.
While the frequency of pirate attacks off the Horn of Africa has fallen to its lowest level since 2009, this is no time to celebrate. Somali pirates still hold two vessels for ransom with 60 crew members as hostages. More alarming, however, is the increase in the capabilities of pirate groups in West Africa's Gulf of Guinea, now challenging Somalia as the world's most dangerous place to sail.
RWI, an asset-based 3PL specializing in temperature-controlled transportation, recently conducted a survey of shippers with cold supply chains to better understand their needs and challenges. Chris Taylor, director of sales and marketing, discusses the results.
The latest supply-chain news, analysis, trends and tools for executives in the chemicals and energy industries. Learn how chemical and energy companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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