A chain is only as strong as its weakest link, so the saying goes. When it comes to the current state of the global supply chain, weakness is everywhere right now. We’re witnessing massive dislocations across shipping routes, ports, air cargo, trucking lines, railways and even warehouses. This has created shortages of key manufacturing components, order backlogs, delivery delays and a spike in transportation costs and prices.
Stress in the supply chain industry pre-dates COVID. Trade tensions were already apparent. With COVID, demand for most goods cratered as economies worldwide went into lockdown. Sailings by ocean carriers were cancelled, manufacturing capacity was cut, and workers everywhere displaced. The question is: when will it normalize?
Near term relief for global supply chain is not around the corner. As long as demand continues to hold up, COVID outbreaks continue to shut shipping hubs around the world, and extreme weather batters individual links in the chain, we can expect the disruption to persist. We will be addressing the shortfalls with a four-pronged approach: using our logistic expertise, capitalizing on our global reach, renewing our long-term commitments, and continuing to reinforce partnerships and transparency with our partners.
Rest assured we are collaborating closely with all partners to help mitigate the challenges and find solutions. Your customer manager will continue to stay in close contact with you to answer to your questions and keep you informed of any new developments. Supporting your business is our priority and we remain at your service.
In the meantime, stay safe and stay healthy – you, your families, and your colleagues.
A chain is only as strong as its weakest link, so the saying goes. When it comes to the current state of the global supply chain, weakness is everywhere right now. We’re witnessing massive dislocations across shipping routes, ports, air cargo, trucking lines, railways and even warehouses. This has created shortages of key manufacturing components, order backlogs, delivery delays and a spike in transportation costs and prices.
Stress in the supply chain industry pre-dates COVID. Trade tensions were already apparent. With COVID, demand for most goods cratered as economies worldwide went into lockdown. Sailings by ocean carriers were cancelled, manufacturing capacity was cut, and workers everywhere displaced. The question is: when will it normalize?
Near term relief for global supply chain is not around the corner. As long as demand continues to hold up, COVID outbreaks continue to shut shipping hubs around the world, and extreme weather batters individual links in the chain, we can expect the disruption to persist. We will be addressing the shortfalls with a four-pronged approach: using our logistic expertise, capitalizing on our global reach, renewing our long-term commitments, and continuing to reinforce partnerships and transparency with our partners.
Rest assured we are collaborating closely with all partners to help mitigate the challenges and find solutions. Your customer manager will continue to stay in close contact with you to answer to your questions and keep you informed of any new developments. Supporting your business is our priority and we remain at your service.
In the meantime, stay safe and stay healthy – you, your families, and your colleagues.