By Benny Lim.    Photo : Gabriel Santos 

It will be a challenging year for international trade in 2023. In a changing global economic landscape, new opportunities for Latin America have emerged, generating market growth in countries such as Argentina and Brazil. The decelerated availability of products in some parts of the world led to Latin America positioning itself as an important supplier of food, mining and technology products. 

This growth was accelerated in part due to the unprecedented interruption of the global supply chain caused by the COVID-19 pandemic. Previously, some routes only had transportation via ocean, such as the route between Argentina and Peru, but land cargo services are now more available in the region. 

The global environment continues to be volatile, leading to rate and capacity fluctuations, so it’s best to seek strategies that minimize risk and increase the ability to adapt to market changes. Consider thinking through the following strategies before implementing supply chain shifts in the area: 

Connectivity, technology, and innovation are vital when working with cross-border and intra-country truckload freight. For example, comprehensive logistics platforms allow end-to-end tracking and visibility of shipments throughout Latin America. Providing this visibility allows shippers to adapt or make changes down the supply chain when there’s a delay in customs, for example, or inclement weather that holds up the driver. 

Keeping risk levels as low as possible is key. Ensuring truckload cargo is safe starts with choosing the right carriers. Additionally, shippers can look at the timing of the arrival and delivery of their freight to further mitigate risk.

In addition, it’s important to understand each country’s compliance regulations. 

As in other parts of the world, sustainability is important to companies and consumers across Latin America, especially since climate change is one of the biggest challenges facing top markets like agriculture and food production. 

Supply chain opportunity in Latin America is continuing to grow, especially in the trucking space. While it’s clear that challenges will continue in 2023, working with a reliable global freight forwarder that offers a global suite of services and has a local presence and understanding of the region can be the difference between success or interruptions in your supply chain when challenges arise.

The below is the feedback from China and Southeast Asia branches.

Shenzhen: 

Shenzhen Shipping: The market is weak after the Spring Festival, and the price is still falling.

Shenzhen Air Freight: The volume of goods in the market after the holiday is not much, and the shipping company has reduced some flights at present, and the price has dropped.

Ningbo

Many factories have resume to work , the volume of goods on the market is small, and the price of the American line has dropped.

Beilun port area, fleet and warehouse are in normal operation.

Shanghai:

Air freight:

This week is the first week after the long holiday, and prices on all routes are down.

Normal delivery this week.

Shipping:

After the Spring Festival, the market is sluggish, with surplus positions and insufficient cargo volume.

Tianjin:

Some factories have yet resumed work, and the shipping space is sufficient, and the sea freight has been slightly reduced.

In addition, the goods shipped before and during the festival are seriously understaffed and transit ports are under pressure. Especially the South American route is highlighted.

Vietnam 

Việt Nam, Netherlands eye further cooperation in sustainable development

Due to their similar geographical features and advantages, the Việt Nam and the Netherlands have increased their sustainable development partnership in agriculture, water management, and climate change adaptation, said Ambassador of the Netherlands to Việt Nam Kees van Baar.

The Netherlands is the largest European investor in Việt Nam. With their investments and innovative and sustainable operations, the country's businesses actively contribute to Việt Nam’s progress.

Netherlands plan to organise in 2023 a mission of the Netherlands' businesses, knowledge institutes, and other stakeholders from the innovation ecosystem to Việt Nam to exchange ideas and discuss co-operation possibilities.

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