Maritime: Page 19
-
Courtesy of Nike
Nike warns of shortages as ocean congestion, Vietnam shutdowns hurt inventory
Pre-pandemic, it took Nike about 40 days to move product from Asia to North America, said CFO Matt Friend. That has since doubled.
By Max Garland • Sept. 27, 2021 -
Getty Images
San Pedro Bay ports move to ease congestionLos Angeles, Long Beach ports extend truck hours amid cargo deluge
The ports' latest tweaks to their hours come after months of congestion and surging consumer demand.
By Jim Stinson • Sept. 23, 2021 -
Justin Sullivan/Getty Images via Getty Images
Retail's new fad? Charter ships to ensure sales, even if it's costly.
Companies are willing to spend money on chartering ships because the alternative of not having inventory in for peak season is worse, said Sea-Intelligence CEO and Founder Alan Murphy.
By Max Garland • Sept. 22, 2021 -
Win McNamee via Getty Images
OpinionSupply chain challenges aren't going away anytime soon
Businesses and consumers should prepare for continued disruption and increased costs, writes a supply chain expert at CBRE.
By Joe Dunlap • Sept. 21, 2021 -
Paula Bronstein via Getty Images
FMC mulls rules to enforce detention, demurrage
The regulator is seeking input on whether subjecting ocean carriers and marine terminals to additional regulations would ease fee disputes.
By Alejandra Carranza • Updated Feb. 10, 2022 -
Courtesy of A.P. Moller - Maersk
Maersk buys omnichannel tech startup, furthering end-to-end ambitions
The ocean carrier invested in Huub back in 2019, and is now acquiring the cloud-based logistics startup with hopes of scaling it.
By Edwin Lopez • Sept. 15, 2021 -
Courtesy of Joann
Tight capacity, high rates leave Joann looking for cargo space
The crafts company is among retailers paying higher prices to guarantee space on ocean vessels.
By Alejandra Carranza • Sept. 14, 2021 -
Spencer Platt via Getty Images
LA, Long Beach port congestion could disrupt $90B in trade: Russell
Solutions for a congested freight environment include shippers booking in advance even it means paying extra, carriers doubling orders for container ships and 3PLs adding drayage surcharges.
By Alejandra Carranza • Sept. 9, 2021 -
Burlington's sourcing costs are up 78% over 2 years due to pandemic supply chain disruptions
Company executives laid out three reasons why supply chain costs are leading to high prices — and why they think price hikes won't last.
By Edwin Lopez • Sept. 1, 2021 -
Burak Kara via Getty Images
Carriers double container ship orders in 2021 as freight demand shows no signs of slowing
The orders still do not solve the immediate problem of current supply chain congestion as it will take years for the final delivery of the new vessels.
By Alejandra Carranza • Sept. 1, 2021 -
Joe Raedle via Getty Images
A tale of two dollar stores: Dollar Tree contends with freight, Dollar General mostly shrugs off costs
The $1 price point means limited options for mitigating expenses as supply chain congestion leads to extraordinary cost increases.
By Ben Unglesbee • Aug. 31, 2021 -
David McNew via Getty Images
White House delves into supply chain problemsConsolidation in ocean shipping: A 20-year journey puts scrutiny on carriers
After Hanjin's bankruptcy, carriers continued to band together to scale operations and provide shippers a global footprint. Now the White House is taking a closer look.
By Matt Leonard • Aug. 31, 2021 -
Retrieved from National Oceanic and Atmospheric Administration.
Ida disrupts freight movement after making landfall as Category 4 hurricane
Rescue and relief efforts are underway, but the damage to infrastructure and impact on business could be long term.
By Shefali Kapadia • Aug. 30, 2021 -
Mario Tama via Getty Images
White House delves into supply chain problemsWhite House appoints 'port envoy' to tackle congestion, bottlenecks
John Porcari's appointment follows months of conversations between supply chain stakeholders and the Department of Transportation.
By Edwin Lopez • Aug. 30, 2021 -
Courtesy of CMA CGM
What retail executives are saying about widespread supply chain bottlenecks
From air shipping to ship charters to price increases, industry players are managing chaos at ports and throughout the global production network every way they can.
By Ben Unglesbee • Aug. 26, 2021 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart charters ships to ensure freight capacity, inventory for peak season
One ship leasing company referred to the charter market as "red hot" as it has signed 40 new charters so far this year.
By Matt Leonard • Aug. 18, 2021 -
Alex Wong via Getty Images
White House delves into supply chain problemsPort congestion has Biden's attention. Here's what San Pedro ports recommend.
Executives at the Port of Los Angeles and Port of Long Beach have a long list of ideas they want to implement as Biden brings together various stakeholders on the issue.
By Matt Leonard • Aug. 13, 2021 -
Guang Niu via Getty Images
Meishan Terminal in Ningbo resumes operations
In-gate, out-gate and berthing activity have all restarted at the gateway after two weeks of lockdown.
By Matt Leonard • Updated Aug. 18, 2021 -
Stefani Reynolds / Stringer via Getty Images
Ocean Shipping Reform Act heads to Biden's desk
Lawmakers voted on the Senate version of the bill days after the president pushed for its approval.
By Matt Leonard • Updated June 13, 2022 -
Justin Sullivan via Getty Images
Ocean carriers boost profit expectations as congestion, demand raise rates
Columbia Sportswear CEO Tim Boyle called the rates being offered "clearly monopolistic" and said government intervention could help bring down costs.
By Matt Leonard • Aug. 10, 2021 -
Kaarin Vembar/Supply Chain Dive
Under Armour on alert for product cancellations as sourcing challenges mount in Vietnam
A resurgence of COVID-19 in the country has Under Armour uneasy, but company execs said their diversified sourcing base adds resilience.
By A.B. Brown • Aug. 6, 2021 -
Retrieved from Newell Brands on August 04, 2021
Sharpie maker says manufacturing in the US helped it avoid snarled supply chains
Newell Brands, Sharpie's parent company, said manufacturing based in the same continent as consumer demand helped avoid the freight issues that challenged "at least one" of its competitors.
By Edwin Lopez • Aug. 5, 2021 -
Morris MacMatzen via Getty Images
FMC seeks details on congestion surcharge practices from 8 ocean carriers
Some cargo owners had "shared information with the commission regarding concerns about these charges and their validity," FMC spokesman John DeCrosta said.
By Matt Leonard • Aug. 5, 2021 -
Courtesy of Port of Virginia
Deep Dive'You can pay or you can wait': How retailers are navigating a shipping crisis
Consumer demand came raging back this year. The supply chain wasn't ready for it, and now retailers, brands and consumers are paying the price.
By Ben Unglesbee • Aug. 3, 2021 -
MCS Industries to FMC: MSC, COSCO unfair practices created $600K in damages
The complaint will head to the FMC's Office of the Administrative Law Judges where it will be assigned to the agency's sole judge.
By Matt Leonard • Updated Aug. 5, 2021
Previous
