July 24th, 2020
This week’s freight updates cover everything from restoring healthcare supply chains, to fresh threats to U.S. food exports, to ocean freight rates peaking, to experts weighing in on intermodal drayage, to global dairy prices bouncing back, to a new study on low carbon shipping fuel, to the 31st Annual State of Logistics Report.
Short on time? Check out our summary of the latest industry news:
4 ways to restore healthcare supply chains before COVID-19’s second wave hits
Healthcare organizations shouldn’t try to restore supply chain service to pre-pandemic levels, rather, they should focus on greater cost-effective and efficient operations.
Fresh threat to U.S. food exports: China COVID inspections
February’s coronavirus shutdown in Wuhan, China hit American food exports hard. Shippers transport perishable food in refrigerated containers called “reefers.” When unloaded, they must connect to electric power via “reefer plugs.” Reefer plugs at China ports filled up after the Wuhan outbreak. Now, it’s happening again.
Ocean freight and idle rates ‘have peaked’
Logistics investment analyst Jefferies expects container shipping freight rates and container line margins will increasingly come under downwards pressure in the second half of this year following the surprisingly resilient ocean freight prices in the second quarter (Q2) and first half (H1) of 2020, with idle container ship capacity being redeployed as demand recovers and fuel prices having bottomed out.
JOC Uncharted: Episode 10 (Subscription Required)
This week’s episode of JOC Uncharted features a one-on-one conversation with Maryland Port Administration Executive Director William Doyle, during which he discusses his goals for the port, how midsize ports can stay competitive, and how the container shipping industry must adjust to a world in which COVID-19 has left its mark.
Global Dairy Prices Bounce Back From Coronavirus Slump
A pickup in demand for milk products in China and other parts of Asia has sparked a rebound in global dairy prices, improving the profit outlook for farmers from New Zealand to the U.S.
Research Uncovers Significant New Market For Low Carbon Fuels And Energy To Drive Shipping Decarbonization
A new study – the BLUE Insight Low Carbon Shipping Fuels & Energy Guide 2020 – has revealed that more than 40 organizations are vying for a share of the $1.4 trillion* low carbon shipping fuels and energy market.
31st Annual State of Logistics: Resilience put to the test
As we roll through 2020, logistics managers are fending off COVID-19 worries and adapting to the new realities. However, a new report warns against single-sourced supply chains and cites the need for more flexibility in adjustments to economic upheavals.
