Carriers could make permanent capacity cuts in prolonged downturn: Drewry
Carriers may need to go beyond blank sailings to manage capacity if new and sustained outbreaks of COVID-19 cause a prolonged downturn in consumer demand, says Drewry..
Read more at – Journal of Commerce.
Typical July freight slump looks unlikely this year
The Independence Day holiday had disrupted our outbound tender volume and reject indices due to their seven-day-moving-average nature. Weekly comparisons are rendered nearly useless, but when comparing the trough to previous years, we believe volumes will return to an elevated position by the weekend. Capacity has remained relatively tight as tender rejections have stayed above 15% this week.
Read more at – Freightwaves.
JOC Uncharted: COVID-19’s economic drag deepens
The pandemic will determine the course of the economic recovery until a vaccine is developed, which may not be until sometime in 2021 or even later, Behravesh said. That means plenty of “ups and downs” rather than a V-shaped US economic recovery.
Read more at – Journal of Commerce.
‘Bullwhip effect’ may feature in the post-coronavirus logistics ‘new normal’
Supply chains will be different in the wake of Covid-19: the preference will be for more resilience and flexibility, according to a new white paper. While many lessons have already been learned, businesses are starting to work out how supply chains will need to alter, said Richard Wilding, professor of Supply Chain Strategy at Cranfield University, who co-authored the paper with DHL.
Read more at – The Load Star.
JOC Uncharted: Episode 9
This week’s episode of JOC Uncharted, available at 11 a.m. Eastern, features IHS Markit chief economist Dr. Nariman Behravesh as he gives the economic outlook for the second half of the year.
Listen to the podcast at – Journal of Commerce.