LA port taps $7.5 million to reward productive terminals
The Port of Los Angeles next month will begin doling out some $7.5 million in incentive awards to encourage marine terminals to meet certain metrics for truck turn times and dual transactions as the clogged gateway continues to struggle with record imports from Asia.
Outbound tender volumes continue to fall
The Outbound Tender Volume Index (OTVI) fell 3.4% week-over-week (w/w). This is a meaningful decline, but shouldn’t be seen as a trend. Tender volumes are following the seasonal lull, but at a much higher level. Due to the high level of tender rejections, it is important to adjust OTVI to account for this. On a rejection-adjusted basis, tender volumes are up 23% year-over-year (y/y), up from 20% last week.
It’s time to hit reset on these 3 aspects of supplier management
Companies have had nearly a year to adapt their service levels to the pandemic, and workarounds should be baked into service blueprints.
Climate Action in the Supply Chain
Climate change is poised to receive a much bigger spotlight in 2021 as President-elect Joe Biden‘s incoming administration puts a renewed focus on tackling various environmental and energy issues.
Maersk Ship Loses 750 Containers Overboard in the Pacific Ocean
About 750 containers from the Maersk Essen fell overboard on Jan. 16 while sailing from Xiamen, China to Los Angeles, the company said in an emailed statement. All crew members are safe and a detailed assessment of the cargo is ongoing while the vessel continues its journey.