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Top Source of Supply Chain Stress? Volatile Freight Costs and labor shortages

The global supply chain over the past three years has been plagued by drastic swings in demand, resulting in rising and falling container prices, congested ports, and cargo backlogs that have devolved into empty containers and blank sailings.

The balance of supply and demand are always the key factors to influence price in the logistics industry.

Customers shall pay much more attention to the transit time from Asia to USA and Europe because shipping lines are all using blank sailings and slowing speed to minimize the operational costs.

The volume of imported containers at USWC ports continues to drop

Container volumes drop at Los Angeles and Long Beach ports largely due to SINO-US trade war and global economic slowdown

U.S. consumer spending is falling

The outlook for the dollar is not optimistic after the bankruptcy of Silicon Valley Bank

Western country consumption reduced, led to decline in foreign trade orders for exporting country in Asia.

A large number of orders have vanished and Asian export glory no longer exist

Less trucks, more barges – US Marine Highway investments

Legislated in 2007 and its first grants issued in 2010, a Marine Highway scheme aims to eliminate truck traffic on the highway and move goods onto the river system or for intra-port trade.