Supply and demand hits again. Freight rates on Asia to US routes are ultra low right now. This service will stop for 6 weeks. Perhaps it’s gone forever, as supply chains get used to doing without it. The 6 weeks gives them a chance to see about bookings for the big summer buildup for the US holidays.
Capacity cuts on the transpacific trade were likely to be on their way. OOCL and the G6 alliance led today with CC1 service suspension.
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Food supply chains probably have more waste than any others. When I was farming, I always observed the waste, and worried about it. And a trip behind any market in America will reveal lots of wasted produce that was ruined for display by handling issues or appearance problems. Better logistics can certainly help; incentives are useful as well. Retailers should be encouraged financially to donate, and to think about how they handle even the food they do not want to display. And we have not even started on restaurants.
I am glad to see MIT researchers working on this problem in Colombia.
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Fascinating viewpoint on the federal efforts to address problems at ports. To me, it’s right on target. Wrong folks involved. Think bigger, wider.
The Secretary of Commerce received recommendations from her department’s Advisory Committee on Supply Chain Competitiveness (ACSCC). The paper: Recommendations to the Secretary of Commerce Re…
Posted in Ports, Production Operations, Service Management, Shipping, Strategy, Supply Chains, Uncategorized
Tagged infrastructure, innovation, Logistics, ports, Shipping, supply chains
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