The US economy added 339,000 jobs in May, according to data released by the Bureau of Labor Statistics on Friday. This was well above the consensus forecast of 190,000 jobs and marked the 29th consecutive month of job growth. The unemployment rate rose to 3.7% in May, from 3.6% in April. However, this was […]
Read MoreRecent news reporting has covered disruptions at West Coast ports stemming from negotiations between the ILWU and the PMA. On Friday June 2nd 2023, the ILWU staged “concerted and disruptive work actions that effectively shut down operations at some marine terminals at the ports of Los Angeles and Long Beach,” said the Pacific Maritime Association […]
Read MoreThe official manufacturing purchasing managers’ index (PMI) came in at 48.8, down from 49.2 in April. This marks the second consecutive month that the PMI has fallen below the 50-point mark, which separates contraction from expansion. The decline in the PMI was driven by a number of factors, including weaker demand, rising costs, and […]
Read MoreSeaweed, with its vibrant hues of purples, golds, and greens, is garnering attention as a potential game-changer in the fight against climate change. Startups are touting its diverse benefits, including carbon absorption, mitigation of methane emissions from cattle, biofuel production, and global food security. Varieties like sugar kelp, sea lettuce, dulse, bladderwrack, and Irish […]
Read MoreBIMCO has recently published its Shipping Market Overview & Outlook for Q2 2023, focusing on the supply and demand dynamics in the container shipping market. The report highlights the challenges faced by liner operators due to a weakened supply/demand balance. Regarding the demand side, BIMCO’s base case scenario suggests that global container volumes will […]
Read MoreThe transportation of hazardous and combustible goods through containers has been on the rise, posing an increasing risk to both container shipping and car carrier vessels. Additionally, the prevalence of Lithium-ion (Li-ion) batteries has added to the potential dangers. Larger vessels now handle these hazardous cargos, amplifying the consequences of fires and resulting in […]
Read MoreAs the supply chain landscape undergoes rapid evolution, organizations must adopt technology-driven solutions to maintain a competitive edge and achieve optimal results in their future projects. Efficient project management plays a critical role in ensuring the success of supply chain operations, and businesses are increasingly leveraging various tools to streamline their project management processes […]
Read MoreAccording to Mike Dean, an automotive equity research analyst at Bloomberg Intelligence, the supply of lithium batteries for electric vehicle (EV) production could face a bottleneck starting in 2025. The growing demand for EVs, fueled by consumer interest and government incentives, is expected to surpass the available capacity for battery production. Dean highlighted that […]
Read MoreManhattan Associates, the leading supplier of supply chain management software solutions and renowned for their warehouse management systems (WMS), recently held their Momentum user conference. One of the key highlights from the event was the keynote speech by Sanjeev Siotta, Chief Technology Officer at Manhattan, where he discussed the potential of integrating ChatGPT into […]
Read MoreRumors of the U.S. dollar’s decline have been circulating for several weeks, prompting discussions about its future as the dominant currency for global trade since the Second World War. Speculation suggests that the dollar’s influence is waning, fueled by reports of Russia contemplating the use of China’s yuan for international trade and Saudi Arabia […]
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