According to an article in Supply Chain Dive, a new report shows that workers are less likely to leave their positions in the next 6 months. This report from Eagle Hill Consulting also shows that employee sentiment improved during Q1 2024 after declining in the last three quarters of 2023.
According to the JOC, US retailers have significantly revised their import forecast for the first half of 2024 upwards. This upgrade is buoyed by ocean carriers expanding services across all coasts, signaling confidence against overcapacity concerns.
An article in SupplyChainBrain identifies the strategies, tactics and technologies that will drive supply chain success in 2024 and beyond. These include ongoing concerns like tackling the labor shortage and longer-term initiatives like embracing sustainability.
According to MarketWatch, a leading barometer of business conditions at U.S. manufacturers turned positive in March for the first time in 17 months. This is another sign that the industrial side of the economy is on the mend.
Supply Chain 24/7 has released its list of the top universities for studying supply chains. Six of these schools – including #1-ranked MIT – are in the US, while four are in Europe.
FreightWaves reports that the Biden administration’s plan to decarbonize the trucking industry will come with a staggering $1 trillion price tag. This is according to a study released by the Clean Freight Coalition (CFC), which is made up of trucking associations, carriers, truck dealers and truck stop operators.
The Federal Maritime Commission's (FMC) new ruling on detention and demurrage (D&D) charges, effective May 28, is welcomed by the trucking industry, particularly for those involved in international container transport. Previously, truckers had been burdened with D&D fees levied by ocean carriers for delays at ports and inland rail facilities, awaiting reimbursement from shippers.
According to Transport Topics, the nearshoring trend, which involves companies moving offshore operations closer to home, has spurred transportation and logistics investments near the Mexican border to leverage expected growth. This movement is underscored by U.S. Census Bureau data highlighting Mexico as the leading importer at 14.8%, reflecting the country's central role in nearshoring practices.
According to Supply Chain Dive, Port of Long Beach volumes reached over 674,000 total TEU in January. This marks an 18% YoY increase from last January. The Port’s CEO, Mario Cordero, attributes the growth to retailers who “stocked their warehouses in January ahead of the slower import activity we typically see during Lunar New Year celebrations.”
According to The Wall Street Journal, the logistics and shipping industry is witnessing signs of recovery after nearly two years of downturn, marked by an increase in demand and rising freight rates as retailers begin to restock inventories.
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