☕ Cargoccino is our bi-monthly post for logistics professionals and importers, delivering bite-sized industry news straight to your inbox. Stay informed while enjoying your favorite drink, with updates every 2nd and 4th Tuesday of the month.
This Cargoccino is brimming with logistics news! We dive into the stalled contract talks between dockworkers and shipping companies on the East Coast. Then, we celebrate the winners of the prestigious "Shipper of Choice" awards. We also explore how CFOs are becoming the unsung heroes of navigating today's supply chain disruptions. Plus, get a sneak peek at BlueCargo's upcoming events and industry insights!
⚓ ILA Contract Talks Stalled on the East Coast
Negotiations for a new contract between dockworkers and shipping companies have been suspended. The International Longshoremen's Association (ILA) accuses Maersk and its subsidiary APM Terminals of violating their current agreement by implementing automated gate systems that reduce the need for dockworkers. The ILA demands clarification on these projects before resuming talks on a new six-year contract. The union also raised concerns about other automation efforts that could lead to job losses.
Source: JOC
Samsung Sues for Millions 📲
Samsung is suing a shipping line, HMM, for allegedly imposing nearly 96,000 erroneous detention and demurrage (D&D) charges. Samsung claims HMM failed to deliver containers promptly and then charged them fees for the delays. This is the largest complaint ever filed with the FMC regarding D&D charges.
Source: The Loadstar
Port Volumes Barometer for US Trade Trends 📊
The number of shipping containers handled by major US ports offers clues about the economy's health. This article explores how tracking cargo volume at key ports can reveal long-term trade trends. After a surge in 2021-2022, container volumes returned to pre-pandemic levels in 2023.
The question remains: what will 2024 bring?
Source: SupplyChain Dive
🏅Top Shippers for Partnership and Efficiency awarded by FW
FreightWaves recognized 25 companies with their prestigious "Shipper of Choice" awards. These manufacturers and retailers impressed with their commitment to collaboration with carriers. Award winners excelled at reducing driver wait times, streamlining facility access, and implementing innovative supply chain solutions. The goal is to inspire more shippers to prioritize efficiency and driver well-being, creating a smoother transportation system.
Among the winners: Agri-Mark, General Mills, The Kroger Co., Albertsons, Niagara Bottling, Aldi, Target Corp. MORE HERE
Supply Chain Disruption Now the "New Norm” 🆕
Global trade expert Marissa Adams says supply chain disruptions are the "new normal." Forget a quick fix - companies need to build resilient supply chains and support their suppliers through inflation.
This "new era" demands a focus on long-term solutions, not temporary fixes.
Source: Yahoo Finance
THINK TANK
CFOs: The Unsung Heroes of Calming Supply Chain Chaos
CFOs are stepping up as supply chain disruptions become the norm. They hold the key to navigating this uncertainty by quantifying its financial impact and selecting the right software solutions. Here's why:
- Understanding the Cost: Supply chain disruptions cost companies millions. CFOs can assess vulnerabilities and collaborate with other departments to get a 360-degree view of risks.
- Data-Driven Decisions: CFOs can leverage software like predictive analytics to identify and mitigate potential disruptions before they occur.
- Software Selection Champions: CFOs' financial expertise makes them uniquely positioned to choose software that maximizes ROI and aligns with long-term goals.
- Collaboration is Key: Successful implementation requires cross-functional teams. CFOs can lead the evaluation process involving procurement, logistics, and IT to find solutions with the best fit.
By taking a strategic approach, CFOs can be the calming force in the storm of supply chain chaos.
Source: SupplyChain Brain
☕ What is Brewing at BlueCargo? ☕
☕ Industry Insights: Stay tuned for a comprehensive FAQ on the new OSRA Regulations and their impact on the logistics industry in our upcoming newsletter!
☕ Award Time! We're thrilled to announce that BlueCargo just won an award! We'll reveal the details in a few days, so stay excited!
☕ 2 Upcoming Events! Don't miss out on these upcoming industry events:
1. Digital Food & Beverage (Desert Springs, CA) on June 26th. Book a meeting with us beforehand!
2. PI Apparel NYC (New York City) from June 26th to 28th. Meet Tyler and Carey!
Are you OSRA compliant?
Download our flyer to understand the new FMC ruling, how it impacts your business and how BlueCargo can help!
