Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
A “cautious” Hapag-Lloyd has warned it will not accept bookings if port congestion leaves cargo ...
An interesting article looking at how the west coast port trouble may trigger a change in supply chain management, with a move away from just-in-time deliveries. With the low cost of money at the moment, companies do not necessarily need small inventories, and can afford to stock up more and invest in warehousing as a precaution against threats to the supply chain. The congestion cost one manufacturer interviewed here $10m in the first quarter, while other, particularly smaller companies, could ...
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