Shipping is disrupting global trade and making headlines again, but mobile bongdaso latest constraints aren’t yet holding back factory activity in major developed economies or threatening another flareup of inflation.
That’s mobile bongdaso counterintuitive view from a leading US supply-chain professor as concerns grow that mobile bongdaso world is headed for mobile bongdaso 2.0 version of mobile bongdaso Big Supply Crunch — mobile bongdaso economic disorder which whipsawed freight markets, slowed manufacturing and boosted consumer prices during mobile bongdaso pandemic.
In recent weeks, ocean cargo rates have jumped and congestion has risen in some key ports. Airbus, mobile bongdaso world’s largest airplane maker, on Monday added to mobile bongdaso worries by saying its parts shortages are getting worse rather than better.
But overall, factories are absorbing new transport strains caused largely by Houthi attacks on ships through mobile bongdaso Mideast, because demand looks softer than it did two or three years ago, according to Jason Miller, a professor in mobile bongdaso supply-chain department at Michigan State University, mobile bongdaso nation’s top undergraduate program in mobile bongdaso field.
‘Weaker Demand’
“mobile bongdaso Red Sea crisis hasn’t had mobile bongdaso feared negative knock-on effects in European and US manufacturing output because weaker demand conditions have meant that any constraints that have been experienced can be addressed without adversely affecting output,” Miller wrote in an email Monday.
He laid out a few reasons to explain mobile bongdaso difference between now and then. Two years ago, mobile bongdaso number of US and European manufacturers citing demand as a reason for holding back production was much lower. Once a tailwind, demand is now more of a headwind.
In mobile bongdaso first quarter this year, mobile bongdaso share of US manufacturers citing “insufficient orders” for operating below full production stood at 69%, up from its pandemic low of about 50% and back to where it was at mobile bongdaso start of 2020. That’s also well above supply limitations, according to Census data compiled by Miller.
mobile bongdaso Dallas Fed’s monthly manufacturing survey released Monday bolstered Miller’s case. “Orders are hard to come by, layoffs have been made, and mobile bongdaso future really doesn’t look that encouraging,” according to a Texas-based machinery maker. “Our sales team is flipping every rock.”
In Europe, too, a “lack of demand is being cited more frequently as a limiting factor,” Miller said.
He also points out that US data through mobile bongdaso first quarter shows supply factors continued to be less of a problem, extending their steady decline from pandemic peaks.
During mobile bongdaso Covid years of 2021 and 2022, three big supply reasons — transportation, material shortages and insufficient labor — were cited more frequently as production inhibitors than demand was. Readings of all three have fallen close to 2019 levels.
Other, less quantifiable factors are helping make mobile bongdaso current wave of stress more manageable: Supply-chain managers are using more technology to improve their performance, and a lot of them now have battle scars from years of uncertainty.
“There is little doubt that supply chain managers are better at dealing with disruptions today than five years ago, which has likely mitigated some of this impact,” Miller said. “In mobile bongdaso organization sciences, we talk about how firms develop ‘dynamic capabilities’ that allow them to better adjust their standard operating routines.”
Inflation Question
mobile bongdaso big question is whether consumer prices are going to follow container shipping rates higher again. mobile bongdaso professor isn’t raising any alarms based on mobile bongdaso latest data.
“I’m not concerned from an inflationary standpoint,” Miller said, citing San Francisco Fed figures that show imports account for about 10% of consumer spending and “ocean shipping costs tend to be a small percentage of mobile bongdaso value of imports.”
At mobile bongdaso inaugural Global Air Cargo Summit, held in Antalya, Türkiye, mobile bongdaso International Civil Aviation Organization (ICAO) forecasted that air freight volumes will grow by an...
mobile bongdaso imposition of new U.S. tariffs on foreign-made vehicles and components is causing significant disruptions in mobile bongdaso global automotive supply chain. Airfreight, often a linchpin...
Global trade uncertainty is prompting air cargo shippers and freight forwarders to favor short-term contracts over longer-term agreements, as highlighted in a recent Xeneta...
U.S. plans to end tariff-free access for low-value shipments from China and Hong Kong, coupled with a new 145% tariff rate on Chinese imports, are projected to slash over...
Trade groups warn of higher ocean shipping costs and disrupted supply chains, while U.S. officials argue mobile bongdaso policy aims to strengthen domestic shipbuilding and enhance economic...
Since January, mobile bongdaso Trump Administration has announced and delayed multiple tariffs on imports from Canada and Mexico, further destabilizing mobile bongdaso cross-border freight market....
As global supply chains adjust to post-pandemic realities and shifting trade dynamics, mobile bongdaso air cargo industry in mobile bongdaso Asia-Pacific (APAC) region finds itself at a pivotal crossroads.
Global tonnage improved +3% in week 15 (April 7-13) after mobile bongdaso previous week’s drop of -7% as markets that had closed for mobile bongdaso Eid-al-Fitr holiday came back on stream, but comparison...
E-commerce continues to be a key growth driver for air cargo, fueled by rising consumer demand and mobile bongdaso rapid expansion of emerging markets, even as regulatory barriers increase.
mobile bongdaso International Air Transport Association (IATA) has maintained a positive outlook for air cargo, emphasizing that mobile bongdaso majority of global trade remains unaffected by mobile bongdaso...
en