Forwarded from Ice Age Farmer
BRACE FOR IMPACT!
The supply chain continues to deteriorate. Need something, buy it now. Need it ongoing? Figure out how to grow/make it yourself:
As Deutsche Bank analyst Amit Mehrotra told American Shipper back in March, “You ain’t seen nothing yet.” He was right. The latest data reveals that despite a deluge of inbound cargo since the second half of last year, import demand is not abating — it’s increasing.
Importers are still playing catch-up. The Institute for Supply Management (ISM) Customers Inventories Index, released Monday, dropped to 28.4 for April. That set a new record for the lowest number since the index was created in 1997 and is down 34% from April 2019, pre-COVID.
As one retail survey respondent told the ISM, “Market capacity in most areas is oversold, with no realistic improvement on the horizon. In fact, it appears that demand will continue to strengthen, leading to more significant disruptions.”
#SupplyChain
https://www.freightwaves.com/news/brace-for-impact-data-shows-us-import-demand-still-rising/
The supply chain continues to deteriorate. Need something, buy it now. Need it ongoing? Figure out how to grow/make it yourself:
As Deutsche Bank analyst Amit Mehrotra told American Shipper back in March, “You ain’t seen nothing yet.” He was right. The latest data reveals that despite a deluge of inbound cargo since the second half of last year, import demand is not abating — it’s increasing.
Importers are still playing catch-up. The Institute for Supply Management (ISM) Customers Inventories Index, released Monday, dropped to 28.4 for April. That set a new record for the lowest number since the index was created in 1997 and is down 34% from April 2019, pre-COVID.
As one retail survey respondent told the ISM, “Market capacity in most areas is oversold, with no realistic improvement on the horizon. In fact, it appears that demand will continue to strengthen, leading to more significant disruptions.”
#SupplyChain
https://www.freightwaves.com/news/brace-for-impact-data-shows-us-import-demand-still-rising/
FreightWaves
Brace for impact: Data shows US import demand still rising
Importers are scrambling as demand sails past ocean transport supply. The numbers paint an ominous picture for cargo shippers.
Forwarded from Ice Age Farmer
Wow: Shanghai’s backlog of ships is quite literally off the chart, even compared to the disturbances last year.
US and global supply chains are about to go from “severely strained” to “completely broken.”
Need it? Buy it now. And buckle up…
#SupplyChain #china
US and global supply chains are about to go from “severely strained” to “completely broken.”
Need it? Buy it now. And buckle up…
#SupplyChain #china
Forwarded from Ice Age Farmer
It seems perfectly normal to me that FedEx ground, UPS, and railroad workers are all striking at the same time.
Absolutely nothing to see here.
#us #SupplyChain
https://www.zerohedge.com/political/us-railroads-enact-contingency-plans-preparing-labor-strike-union-talks-fail
https://www.truckinginfo.com/10180376/fedex-ground-contractor-dispute-what-now
https://scnow.com/news/national/one-of-the-biggest-strikes-in-us-history-is-brewing-at-ups-heres-what-it/article_4172e21b-8274-51ef-a0c3-79bceafa6c4b.html
Absolutely nothing to see here.
#us #SupplyChain
https://www.zerohedge.com/political/us-railroads-enact-contingency-plans-preparing-labor-strike-union-talks-fail
https://www.truckinginfo.com/10180376/fedex-ground-contractor-dispute-what-now
https://scnow.com/news/national/one-of-the-biggest-strikes-in-us-history-is-brewing-at-ups-heres-what-it/article_4172e21b-8274-51ef-a0c3-79bceafa6c4b.html
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