With the logjam at major shipping ports around the world creating bottlenecks in the global supply chain, some companies have tried diverting to smaller ports. But they’re finding this is not going to be a solution going forward, as these smaller ports don’t have the space nor the labour to handle sudden surges in containers….
Thought restaurants, furniture, chipmakers and groceries were experiencing all the “fun” with the current supply chain woes? The aviation industry gets to enjoy the “fun” too. The aviation industry was already hit hard due to COVID and travel restrictions. Now that travel restrictions are slowly being relaxed and travel starting to surge, the industry is…
“A 40 ft container cost around $2,000 to ship from Asia to the USA two years ago…today, it can cost up to $25,000”, says John McCown of Blue Alpha Capital. The backlog in the global supply chain is found at every…single…step. Industry players don’t see this changing or resolving itself until well into 2023. Of…
Vulnerabilities in the public procurement process for Nigerian National Petroleum Corporation (NNPC) are being exposed in a recent bid. The public procurement process in Nigeria forbids any form of insider dealing or exploiting information that is not made public. However, a recent bid for slop oil seems to indicate that two of the three bidders…
I know this is starting to sound like a bad repetitive song you can’t get out of your head but it looks like the current supply chain woes aren’t going to be resolved any time soon. As a many exporting nations such as Indonesia and Vietnam are dealing with new waves of the COVID pandemic,…
China has closed the Meishan Terminal, a critical terminal of the Ningbo-Zhoushan port, from all inbound and outbound operations due to a worker at the terminal testing positive for COVID. The Meishan Terminal is crucial terminal that services shipments to the United States and Europe. The Ningbo-Zhoushan port is the world’s third busiest shipping port. So,…
I don’t envy being a supply chain professional over the last couple of years. The global pandemic has created a domino-effect of supply chain problems around the world. It started off with toilet paper shortages, moved to furniture shortages and now, the upcoming school year could be marred by a shortage in back-to-school supplies. With…
Alibaba is best known for being THE b2b marketplace for matching suppliers with business customers. Now as everything in the supply chain is rising in costs, Reibus International is running an industrial metals marketplace. B2B doesn’t get the spotlight consumer businesses get but is where a lot of opportunity lies. [Read on about the industrial…
The semiconductor chip shortage has been well documented, but now is a great time to be in the semiconductor business. Why? Countries around the world are taking notice of the chip shortage and are clamoring over themselves to attract chip manufacturers to build factories in their country and mitigate against future chip shortages. Semiconductor companies…
Trade wars and overall worsening relations with China and a global pandemic that exposed supply chain vulnerabilities is forcing big name firms to mitigate their supply chain risks by relying less on China and diversifying their supply chains to surrounding areas. Companies such as Nike, Apple, Samsung and more are making changes to their supply…