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发帖数: 1 | 1 The shipping crisis is getting worse. Here's what that means for holiday
shopping
By Hanna Ziady, CNN Business
Updated 11:43 AM ET, Mon August 23, 2021
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community
London (CNN Business)The vast network of ports, container vessels and
trucking companies that moves goods around the world is badly tangled, and
the cost of shipping is skyrocketing. That's troubling news for retailers
and holiday shoppers.
More than 18 months into the pandemic, the disruption to global supply
chains is getting worse, spurring shortages of consumer products and making
it more expensive for companies to ship goods where they're needed.
Unresolved snags, and the emergence of new problems including the Delta
variant, mean shoppers are likely to face higher prices and fewer choices
this holiday season. Companies such as Adidas (ADDDF), Crocs (CROX) and
Hasbro (HAS) are already warning of disruptions as they prepare for the
crucial year-end period.
"The pressures on global supply chains have not eased, and we do not expect
them to any time soon," said Bob Biesterfeld, the CEO of C.H. Robinson, one
of the world's largest logistics firms.
The latest obstacle is in China, where a terminal at the Ningbo-Zhoushan
Port south of Shanghai has been shut since August 11 after a dock worker
tested positive for Covid-19. Major international shipping lines, including
Maersk (AMKBY), Hapag-Lloyd (HPGLY) and CMA CGM have adjusted schedules to
avoid the port and are warning customers of delays.
Containers are shown at Ningbo-Zhoushan port on August 15, 2021.
Containers are shown at Ningbo-Zhoushan port on August 15, 2021.
The partial closure of the world's third busiest container port is
disrupting other ports in China, stretching supply chains that were already
suffering from recent problems at Yantian port, ongoing container shortages,
coronavirus-related factory shutdowns in Vietnam and the lingering effects
of the Suez Canal blockage in March.
Shipping companies expect the global crunch to continue. That's massively
increasing the cost of moving cargo and could add to the upward pressure on
consumer prices.
"We currently expect the market situation only to ease in the first quarter
of 2022 at the earliest," Hapag-Lloyd chief executive Rolf Habben Jansen
said in a recent statement.
The chances of your vessel arriving on time are about 40%, when it was 80%
this time last year."
BOB BIESTERFELD, CEO OF C.H. ROBINSON
The cost of shipping goods from China to North America and Europe has
continued to climb over the past few months, following a spike earlier in
the year, according to data from London-based Drewry Shipping.
The company's World Container Index shows that the composite cost of
shipping a 40-foot container on eight major East-West routes hit $9,613 in
the week to August 19, up 360% from a year ago.
The biggest price jump was along the route from Shanghai to Rotterdam in the
Netherlands, with the cost of a 40-foot container soaring 659% to $13,698.
Container shipping prices on routes from Shanghai to Los Angeles and New
York have also jumped.
"The current historically high freight rates are caused by the fact that
there is unmet demand," Soren Skou, CEO of container shipping giant Maersk,
said on an earnings call this month. "There's simply not enough capacity,"
he added.
Port congestion
The terminal shutdown in Ningbo will add to bottlenecks arising from the
closure in June of Yantian, a port about 50 miles north of Hong Kong, after
coronavirus infections were detected among dock workers.
While a partial reopening of Yantian took only a few days, a return to
normal services took nearly a month to achieve, according to S&P Global
Market Intelligence Panjiva, as the congestion spilled over to other ports.
Cargo containers stacked at Yantian port on June 22 in Shenzhen, China.
Cargo containers stacked at Yantian port on June 22 in Shenzhen, China.
That spells trouble for retailers and consumer goods companies trying to
restock inventories heading into the crucial year-end holiday shopping
season. "The closure at Ningbo is now particularly sensitive as it may hold
up exports for the peak season of deliveries into the US and Europe which
typically arrive from September through November," S&P Global Panjiva said
in a research note on August 12.
Drewry Shipping said Friday that congestion at nearby ports Shanghai and
Hong Kong is "spiking" and spreading elsewhere in Asia, as well as in Europe
and North America, "particularly the West coast" of the United States.
Some 36 container ships are anchored off the adjacent ports of Los Angeles
and Long Beach, according to a report Thursday from the Marine Exchange of
Southern California.
That's the highest number since February, when 40 container ships were
waiting to enter. Ordinarily, there would be just one or zero container
ships at anchor, according to the Marine Exchange.
The congestion in California is starting to spread to "pretty much every
port in the [United States]," according to Biesterfeld of C.H. Robinson. "
The chances of your vessel arriving on time are about 40%, when it was 80%
this time last year," he told CNN Business.
Container ships sit in the Pacific Ocean outside the Port of Long Beach,
California on August 11, 2021.
Container ships sit in the Pacific Ocean outside the Port of Long Beach,
California on August 11, 2021.
The backlog at ports will have a ripple effect on jammed warehouses and
stretched road and rail capacity. Logistics networks have been running at
maximum capacity for months, thanks to stimulus-fueled demand led by US
consumers and a pickup in manufacturing. Truck driver shortages in the
United States and United Kingdom have only exacerbated supply disruptions.
US imports in March and May exceeded levels seen in October 2020, typically
the peak of the shipping season, said Eric Oak, supply chain research
analyst at S&P Global Panjiva.
"This means that logistics facilities have been running flat out for most of
the summer," he added.
It's not just ports that are under pressure. Air terminals are receiving
increasingly large amounts of freight as companies turn to alternative
methods to transport their goods. At some of the larger US airports such as
Chicago, there are delays of up to two weeks to claim cargo, according to
Biesterfeld.
Efforts to contain Covid-19 outbreaks have recently disrupted traffic at
Shanghai Pudong and Nanjing airports in China.
Retailers brace for impact
"Name almost anything and it seems like there's a shortage of it somewhere,"
Biesterfeld added. "Retailers are struggling to replenish inventory as fast
as they're selling, let alone prepare for holiday demand."
Supply chains were discussed on nearly two thirds of some 7,000 company
earnings calls globally in July, up from 59% in the same month last year,
according to an analysis by S&P Global Panjiva.
Consumer goods producers are taking drastic steps to meet demand — such as
changing where products are made and moving them by plane instead of boat —
but companies such as shoemaker Steve Madden (SHOO) say they're already
missing out on sales because they simply don't have enough goods.
The company has moved half the production of its women's range to Mexico and
Brazil from China in an attempt to shorten delivery times.
Retailers plead with Biden to fix port congestion that has upended supply
chains
Retailers plead with Biden to fix port congestion that has upended supply
chains
"In terms of the supply chain ... we could talk about this all day. There
are challenges throughout the globe," CEO Edward Rosenfeld said on an
earnings call last month. "There is port congestion, both in the US and
China. There are Covid outbreaks at factories. There are challenges getting
containers. We could go on and on."
It's one of several major apparel brands hit by factory shutdowns in Vietnam
over the past month. Data from S&P Global Panjiva shows that nearly 40% of
the volume of goods imported into the United States by sea over the 12
months to July came from the Southeast Asian country.
Adidas CEO Kasper Rorsted said the sportswear company will be unable to
fully meet the "strong demand" for its products in the second half of the
year due to the shutdowns, despite switching production to other regions.
Supply chain difficulties have been "leading [to] significant delays and
additional logistics costs, particularly as we have been making more use of
airfreight," he said on a recent earnings call.
Andrew Rees, the CEO of Crocs, said that transit times from Asia to most of
the company's leading markets are approximately double what they were
historically. "That's been the case for some time, and we're expecting [to]
live with that," he told investors last month.
A huge backlog at China's ports could spoil your holiday shopping this
year
A huge backlog at China's ports could spoil your holiday shopping this year
To ensure product availability during the holiday season, Hasbro, which
makes Monopoly and My Little Pony, said it is increasing the number of ocean
carriers it works with, utilizing more ports to expedite deliveries and
sourcing more products earlier from multiple countries.
For consumers, the supply chain crunch is likely to mean higher prices.
Hasbro, for example, is increasing prices to offset rising freight and
commodities costs. The company is projecting that its ocean freight expenses
will be on average 4 four times higher this year than last, according to
chief financial officer Deborah Thomas.
Shoppers should also brace for longer than normal delivery times and may
need to have several different gift ideas up their sleeves.
"As we've been forecasting for months, shoppers are going to see some bare
shelves at the holidays," said Biesterfeld. "And if you buy most of your
presents online, get it done early. Delivery time may be four to six weeks." | P****i
发帖数: 12972 | 2 好多店，货架都是空的
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【在 l********1 的大作中提到】
: The shipping crisis is getting worse. Here's what that means for holiday
: shopping
: By Hanna Ziady, CNN Business
: Updated 11:43 AM ET, Mon August 23, 2021
: NOW PLAYING
: Maersk CEO: The trade pipeline is bursting at the seams
: CNNBusiness
: 01:07
: /
: 01:59
|
|
