Carriers have traditionally used blank sailings as a tactical tool to manage supply to demand.
However, with the North American demand boom and the resulting port congestion, carriers have been struggling to meet their weekly vessel departure obligations, resulting in vessel delays, rolled schedules, and blank sailings.
1-minute read (5-minute watch)
The Covid pandemic has strained global supply chains, causing freight backlogs that have driven up costs.
Now, some companies are looking for longer-term solutions to prepare for future supply-chain crises, even if those strategies come at a high cost.
As a consumer, are you prepared to pay double for your products if you get them faster?
According to a survey, almost all firms are raising freight procurement budgets, and some are doubling them amid spiralling shipping costs.
A report by Sleek Technologies said 97% of firms planned to increase freight procurement budgets in 2022 for reasons including better managing capacity, increased agility, bolstering cost management and delivering better overall results.
Should shippers prepare for a new round of disruptions in 2022? And what are the key factors to watch out for in 2022?
2021 was undoubtedly a year like no other for the supply chain as record vessel delays clogged ports and crammed warehouses. Smaller companies have had to fight to secure space on container ships to keep production and sales moving while facing cash flow pressure as they soaked up rocketing freight rates.
Two of New Zealand’s largest medicinal cannabis companies have signed a supply contract that will pave the way for increased exports.
A five year multi-million-dollar deal between Marlborough-based cultivator Puro and Auckland-based Helius Therapeutics is New Zealand’s largest to date.
1-minute read (18-minute watch)
The six-day stranding of the Ever Given in the Suez Canal last March did something incredibly rare: it made regular people care about shipping, the means by which more than 80% of the world’s goods are transported.
It took only one wrong turn for the container ship to bring a critical trading artery to a standstill.
New Zealand has a strong import demand for pet food as the country has a large pet population. In fact, New Zealand has one of the highest rates of pet ownership in the world, according to Trade Data Monitor, with nearly half of all households owning a cat, and around one-third owning a dog.
Consumers also have high spending power, making it an attractive market for pet food.
Every five years the World Customs Organization (WCO) revises the Harmonized System (HS) to improve it and accommodate advances in technology, environmental and social issues that are of global concern and require enhanced monitoring, and changes in the patterns of world trade.
1-minute read (9-minute watch)
The global pandemic triggered sky-high spending on manufactured goods. This increased spending created a huge bottleneck in the supply chain that could last for years.
In this video, you will follow one single container on its epic journey along the supply chain to find out where exactly things are breaking down.
3-minute read (4-minute listen)
In an interview, Heather du Plessis-Allan talks to John Duffy, Consumer NZ CEO, about liability for damaged packages.