Europe stuck with port bottlenecks until liner reliability improves: Rotterdam
Improved schedule reliability is the first domino that needs to fall before ports in North Europe can overcome the persistent congestion and inland logistics bottlenecks, according to Hans Nagtegaal, director of containers at the Port of Rotterdam.
California DMV nearly doubles capacity for commercial driving tests
The California Division of Motor Vehicles said Tuesday it is expanding capacity to administer commercial driving tests by increasing weekend hours and shifting examiners from other parts of the state to Southern California, where more truckers are needed to pull containers from backlogged ports.
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Fuel Prices, Driver Shortage Cloud forecast for Heavy-Haul Transport
Infrastructure, power generation, and energy projects getting under way across the US suggest busy roads are ahead for heavy-haul trucking, but rising fuel prices and driver shortages could complicate the picture.
Supply Chain Latest: U.S. Ship Logjam Sees Bigger Ships Extend Wait
The logjam of U.S. imports stacked on ships off the coast of Los Angeles isn’t just getting longer. It’s getting wider.
Of the 77 container vessels waiting as of Tuesday for berth space at the ports of L.A. and Long Beach, 23 had room to carry more than 10,000 containers measured in 20-foot equivalent units, or TEUs, according to data from the Marine Exchange of Southern California & Vessel Traffic Service Los Angeles and Long Beach.
U.S. Trade Deficit Hits Fresh Record on Goods Demand, Higher Inflation
The U.S. trade deficit widened in September to a record $80.9 billion, driven by climbing demand for capital goods like computers and electric equipment and industrial supplies that have been soaring in cost as global supply chains remain snarled.
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Wild Weather Sparks Ship Backlog From Shenzhen to Singapore
A tropical storm that’s lashing southern China mixed with Covid-related supply chain snarls is causing a ship backlog from Shenzhen to Singapore, intensifying fears retail shelves may look rather empty come Christmas.
U.S. Growth Slowed in Recent Months Amid Elevated Prices, Fed’s Beige Book Says
U.S. economic growth slowed to a modest to moderate rate this fall as firms confronted supply-chain disruptions, elevated prices, a shortage of available workers and fears around the Delta variant of Covid-19, the Federal Reserve said Wednesday.
Panic ordering by retailers is making the supply chain crisis ‘even worse’
Retailers and manufacturers are overordering or placing orders too early amid panic over the massive supply chain crisis, and that’s making things much worse, those in the industry told CNBC.
“Suddenly, retailers and manufacturers are overordering because of these supply chain issues, and that’s just leading to essentially an even worse scenario,” Jonathan Savoir, CEO of supply chain technology firm Quincus told CNBC’s “Squawk Box Asia” on Monday.
However, Savoir said the situation of retailers overstocking is causing a bigger crunch on capacity, and leading to what he called a “bullwhip effect.” That’s a term describing how small changes in demand at the retail level can progressively cause larger movements in demand to impact wholesalers, distributors and manufacturers. The supplier of raw materials will feel the biggest impact.
The end result of this effect could include distorted demand forecasts and unfulfilled orders.
RBC Wealth Management also flagged a similar issue in an Oct. 15 note.
“Because the problems are well known, orders for raw materials, component parts, and finished goods are now being placed earlier than normal, which is lengthening the queue, creating a vicious cycle,” the firm said in the note.
“The bottlenecks are unlikely to disappear overnight,” RBC Wealth Management wrote.
The firm’s data analytics team, RBC Elements, conducted a study in September which found that 77% of the major ports it monitored were experiencing “abnormally long” turnaround times, and that this overall global supply chain problem was trending “unequivocally worse.”
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