The post <strong>The impact of strikes on European ports and global supply chains</strong> appeared first on webfx.
]]>“These strikes are a stark reminder of the pivotal role labour dynamics play in the smooth functioning of global supply chains,” noted Angela Gambell, our Director of Sales, Marketing and Operations at Stockwells. “We’re witnessing firsthand how localised disputes can have ripple effects globally, impacting everything from delivery schedules to consumer prices.”
In France, a significant development has unfolded: the National Federation of Ports and Docks (FNDP) has temporarily halted nationwide strikes originally scheduled to continue until late June. While this pause provides a brief relief, concerns linger as the FNDP plans to resume strikes on September 26-27.
“In the midst of these strikes and their broader implications, we are closely monitoring the situation for potential impacts on shipment schedules, costs, and global trade dynamics in the coming months,” Angela Gambell added.
The disruptions coincide with existing challenges in global shipping: capacity constraints, logistical bottlenecks, and recent crises like the Red Sea shipping crisis. These factors intensify concerns over delays and inflationary pressures, complicating operations for businesses worldwide.
“Managing these disruptions requires agile responses and proactive planning,” Gambell said. “Every hour of delay at major ports translates into potential setbacks across the supply chain, impacting businesses and consumers alike.”
Already strained, shipping companies must now contend with potential disruptions in global networks, anticipating delays that could affect delivery schedules. This situation underscores the vulnerability of international trade to local labour disputes, highlighting the interconnected nature of the global economy.
“In response to the strikes, carriers are compelled to adjust shipping rates upwards,” explained Gambell. “These adjustments, though necessary, could further drive up prices for imported goods, ultimately affecting consumers globally.”
The strikes coincide with broader labour movements in Germany, where IG Metall, the country’s largest labour union, advocates substantial wage increases for millions of workers in the metal and electrical industries. This push reflects a wider economic climate marked by rising inflation and concerns over wage stagnation relative to cost-of-living increases.
“The labour movements are indicative of larger economic trends,” Gambell observed. “They underscore the need for sustainable wage policies that balance fair compensation with economic stability, critical for long-term growth.”
The repercussions of the European port strikes extend beyond local shores, echoing throughout international trade routes. Concerns about the resilience and adaptability of supply chains in the face of unexpected disruptions are paramount, especially with the strikes preceding the European summer holiday season, amplifying anxieties about potential shortages and logistical gridlocks.
“As governments, businesses, and industry stakeholders navigate these challenges, the ongoing strikes highlight the fragility of global supply chains and the need for robust contingency planning in our interconnected world. Resolving these labour disputes will be pivotal in shaping global trade dynamics and economic recovery efforts in the months ahead.”
“The intensification of market volatility due to strikes and disruptions in the Red Sea calls for heightened vigilance in tracking movements and proactive consideration of extended lead times for shipping,” Gambell added. “Staying ahead of these challenges in planning has never been more critical for businesses reliant on global supply chains.”
With strikes scheduled across France in September, supply chains need to prepare for further disruptions in ports across Europe. If these issues coincide with similar strikes in other major European ports, cargo bound for Northern Europe could be redirected to alternative ports such as Antwerp and Rotterdam. This situation has the potential to exacerbate existing supply chain challenges, leading to heightened shipping delays and increased costs due to elevated spot rates for businesses.
“Given the current demand levels and the possibility of extended strikes, the shipping industry faces heightened uncertainty,” Gambell warned. “We must monitor these developments closely to gauge their impact on global shipping rates, potentially echoing the highs seen during the pandemic.”
Stockwells continues to offer strategic insights and support to businesses navigating these turbulent waters, emphasising the importance of adaptive supply chain management and proactive planning amidst evolving global dynamics. Get in touch with our team today.
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]]>The post <strong>Geopolitical developments and regulatory changes: Navigating the new financial year in logistics</strong> appeared first on webfx.
]]>Here’s a look at the key shifts defining the sector:
Red Sea crisis: Ongoing hostilities in the Red Sea region continue to cause ripple effects across global supply chains, leading to increased ocean freight rates and disruptions in shipping schedules. Vessels are rerouting away from affected areas, impacting major trade routes like those between Europe and Australia. Businesses must brace themselves, anticipate longer lead times, and plan meticulously to steer through these turbulent waters.
Increased costs: Escalating shipping costs, largely driven by geopolitical tensions, underscore the importance of cost management and strategic planning. Embracing these challenges head-on and integrating them into financial planning will pave the way for smoother sailing ahead.
Planning and lead times: Longer lead times necessitate proactive planning to minimise the impact on inventory management and customer satisfaction. Anticipating delays and optimising supply chain processes are critical steps in mitigating disruptions.
Warehousing needs: Amidst unpredictable shipping schedules, there has been a notable rise in the demand for sufficient warehousing space. Many businesses are turning to third-party logistics providers to secure storage and fulfilment capacities, ensuring they can maintain flexibility and scalability in their operations. At Stockwells, we specialise in offering these crucial logistics solutions to support your business needs.
Direct-to-consumer growth: Embracing the surge towards direct-to-consumer models is crucial, especially in today’s challenging landscape. Driven by consumer demands for seamless shopping and lightning-fast deliveries, businesses must elevate their e-commerce strategies and optimise supply chains for direct distribution channels.
Stock management: Effective stock management strategies are paramount in volatile market conditions. Businesses are encouraged to adopt agile inventory management systems and leverage data analytics to forecast demand accurately and optimise stock levels.
Recognising the urgent global need for sustainability, shipping companies are increasingly adopting carbon offsetting measures. These initiatives aim to mitigate the environmental footprint of shipping operations, providing businesses with opportunities to integrate sustainable practices into their logistics strategies. As we enter the new fiscal year and beyond, it’s crucial for businesses to prioritise sustainability, which is rapidly becoming a non-negotiable imperative.
In response to Budget 2024-25, the Australian Government is eliminating 457 tariffs on essential goods, such as toothbrushes and clothing, to streamline trade and reduce costs by $8.5 billion annually. These changes, detailed in ACN 2024/17 by the Australian Border Force*, aim to enhance affordability and support economic growth. The adjustments in biosecurity and food import fees effective July 1, 2024, by the Department of Agriculture, Fisheries and Forestry**, highlight Australia’s commitment to maintaining rigorous standards. It is important to note this will also influence operational costs for stakeholders.
These updates present both opportunities and challenges for logistics professionals. While tariff removals promise enhanced market access and cost savings, managing increased biosecurity fees requires careful financial planning and operational adjustments. Staying informed and agile will be crucial for navigating these regulatory changes and seizing growth opportunities amidst evolving global trade dynamics in 2024.
Throughout this financial year, businesses in the logistics sector must remain vigilant and adaptable amidst geopolitical uncertainties, evolving consumer behaviours, and regulatory changes. By prioritising strategic planning, leveraging technology-driven solutions, and embracing sustainable practices, businesses can navigate these challenges effectively and seize opportunities in the dynamic global marketplace.
Stay informed, stay proactive, and stay resilient—these principles will guide logistics professionals in driving success amid the complexities of 2024 and beyond.
Want to learn more? Reach out to our team of experts.
Sources:
*Australian Border Force (ACN 2024/17)
**DAFF recently completed an annual review and indexation cycle to regulatory fees and charges for biosecurity and imported food regulatory activities. The complete table of Indexed fees and charges can be found here:
Fees and charges for biosecurity regulatory activity from 1 July 2024
Fees and charges for imported food regulatory activity from 1 July 2024
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]]>The post Why Sustainable Logistics Matters and How to Implement Eco-Friendly Practices appeared first on webfx.
]]>The logistics industry traditionally relies on fossil fuels for transportation, producing substantial carbon emissions. According to recent studies, the transportation sector accounts for a significant portion of global greenhouse gas emissions, with road freight being a major contributor. Inefficient packaging, excessive waste generation, and reliance on non-renewable resources further exacerbate the industry’s environmental impact.
Before implementing sustainable logistic practices, assessing your organisation’s current environmental impact is crucial. Conducting a self-assessment allows you to identify areas where improvements can be made and set realistic sustainability goals.
Consider energy consumption, fuel usage, waste generation, and greenhouse gas emissions. This assessment will serve as a foundation for developing an effective sustainability strategy.
Sustainable transport options: Explore eco-friendly alternative transportation methods, such as electric vehicles, hybrid vehicles, or vehicles powered by renewable energy sources. Optimise route planning to minimise mileage and fuel consumption, reducing costs and emissions.
Efficient packaging: Evaluate your packaging materials and aim to reduce waste by utilising recyclable or biodegradable materials. Implementing right-sized packaging solutions can minimise the use of excess materials and decrease transportation costs.
Optimise warehouse operations: Adopt energy-efficient practices in your warehouses, such as installing LED lighting, using automated systems to control energy usage, and optimising storage layouts to maximise space utilisation.
Sustainable supply chain: Collaborate with suppliers and partners who share your commitment to sustainability. Encourage them to adopt eco-friendly practices, such as reducing their carbon footprint, optimising packaging, and implementing waste reduction initiatives.
Stockwell International recognises the importance of sustainability in the modern business landscape. Angela Gambell, Director of Sales & Marketing, emphasises the significance of innovative and new projects that positively impact people, communities, and the planet.
“It is easy to get lost and drawn into the many different debates on climate, environment and sustainability conversations. There is too much noise and too much debate about what is right, what it is and how to tackle it.
But as a Director, employer, mother and realist, I understand that there is no immediate fix, and by working on innovative and new projects that positively impact our people, our communities and our planet we will be contributing to the best of our abilities.
As Albert Einstein said, “We cannot solve our problems with the same thinking we used when we created them.”
Stockwell International strives to add value to the creation of sustainable supply chains globally. Protecting nature, inspiring staff, and supporting the community. We work closely with clients to develop sustainable logistics solutions that reduce environmental impact and drive long-term sustainability. By leveraging our expertise and extensive network, Stockwell can assists businesses in implementing eco-friendly logistic practices, optimising transportation routes, and adopting greener supply chain strategies.
The logistics industry is responsible for addressing its environmental impact and embracing sustainable practices. By understanding your organisation’s current impact, implementing measures to reduce emissions and waste, and collaborating with experts like Stockwell International, you can contribute to a more sustainable future.
To find out how we can work together to build a greener, more sustainable logistics industry, contact our friendly team today.
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]]>The post Introducing Stockwell’s Domestic Transport Service: Streamline Your Logistics with the Domestic Transport Portal appeared first on webfx.
]]>The Domestic Transport Portal acts as a vital bridge between shippers and carriers, facilitating the transportation of goods and handling tasks such as sourcing carriers, negotiating rates, managing documentation, and providing customers visibility throughout the shipment process.
Our new Domestic Transport Portal offers customers a wider network of carriers, increasing the chances of finding the most cost-effective and efficient transport solutions. Our existing line haul service typically involves fixed routes and carriers, the trucking brokerage taps into a larger network of carriers, ensuring more personalised and tailored shipment options. This flexibility allows us to find the most suitable options for each shipment, taking into account factors such as cost-effectiveness, efficiency, and specific customer requirements.
Our customers are now able to gain access to a broader network of carriers, increasing the chances of finding the most cost-effective and efficient transportation solutions for their shipments. We’ve established strong relationships with trusted carriers both in Australia and around the world, ensuring the sourcing of the best options to meet specific needs.
We can also negotiate competitive rates on behalf of our customers, resulting in cost savings. By connecting customers with carriers offering favourable pricing, we can help your business allocate resources more efficiently.
Customers can leave the complexities of carrier selection, documentation management, and tracking to our dedicated in-house team. This saves valuable time and effort, allowing businesses to focus on their core operations while we ensure a smooth and efficient logistics process.
The Domestic Transport Portal offers advanced tracking and reporting capabilities, providing valuable insights into logistics processes. This enables businesses to make data-driven decisions, identify areas for improvement, and optimise their overall supply chain efficiency.
So, how does the DTP work? The process is simple:
We are excited about the positive impact the DTP will have on customers’ logistics operations. The portal provides a user-friendly self-service experience, empowering customers to manage their shipments, access real-time information, and perform various tasks related to logistics management from one central location.
Customers can trust Stockwell to handle their logistics while focusing on growing their business. Contact us today to get started!
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]]>The post <strong>Australia and UK Announce Historic Free Trade Agreement, Opening New Opportunities for Australian Businesses</strong> appeared first on webfx.
]]>Described as a gold standard trade agreement, the A-UKFTA is hailed as a once-in-a-generation deal that strengthens the relationship between the two nations. With its comprehensive commitments and substantial tariff reductions, this agreement will create new import and export opportunities and aid in the post-COVID-19 recovery for both countries.
Stockwell International welcomes this historic agreement and anticipates the numerous benefits it will bring to its clients and the Australian economy.
Tariff Elimination and Export Opportunities:
The A-UKFTA will eliminate tariffs on over 99% of Australian goods exported to the UK. This removal of tariffs will significantly enhance export opportunities for various sectors, including agriculture, manufacturing, and manufactured products such as auto parts, electrical equipment, and cosmetics.
This reduction in trade barriers can translate into cost savings and improved competitiveness for Australian businesses. Stockwell International can help businesses navigate the complexities of customs procedures and ensure compliance with import regulations, facilitating a seamless and efficient import process. Particularly during the upcoming changes.
Savings and Market Access:
With the elimination of tariffs on imports from the UK, Australian businesses can expect savings of approximately $200 million per year. After five years, all UK imports will enter Australia duty-free.
As tariffs are removed, the cost of imported goods decreases, which can positively impact the bottom line for businesses, particularly those relying on imported goods from the UK. Stockwell International can leverage its freight forwarding expertise to optimise logistics, and negotiate competitive shipping rates, to continue supporting businesses to reduce their logistics costs.
Expanded Market Access
The agreement also provides Australian businesses with expanded market access to a wider range of goods and services from the UK. With reduced trade barriers, businesses can explore new products and suppliers and access a larger consumer base.
Streamlined Customs Procedures
The A-UKFTA also aims to simplify customs procedures, reducing hurdles and delays associated with importing goods from the UK. Stockwell International will continue to support businesses by handling the necessary documentation, customs clearance processes, and compliance requirements associated with imports from the UK.
Stockwell would like to remind clients that some additional documentation is required under the FTA to ensure your goods meet the rules of origin. For more information on rules of origin and to see if your goods are eligible under the agreement you can view DFAT’s guide or visit the DFAT website.
As the implementation date of 31 May 2023 approaches, Stockwell International is ready to assist clients by continuing to provide outstanding customer service and knowledge leadership in logistics solutions.
If you’re a business or existing Stockwell customer with questions about the trade agreement or would like to know how these changes may affect your business, contact our friendly team at [email protected]
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]]>The post Choosing a Freight Forwarder: Everything You Need to Know appeared first on webfx.
]]>A freight forwarder is a third-party logistics provider that manages the transportation of goods from one place to another. There are many benefits to using a freight forwarder, such as:
There are three main types of freight forwarders: air, ocean, and multi-modal.
Choosing the right freight forwarder is crucial for the success of your business. Here are some factors to consider when making your choice:
Here are some questions to ask a freight forwarder before choosing them:
If you are looking for a reliable and experienced freight forwarder, Stockwell International is an excellent choice. Here’s why:
Choosing the right freight forwarder is essential for the success of your business. Consider the factors mentioned above when making your decision, and don’t hesitate to ask questions before making your choice. If you are looking for a reliable and experienced freight forwarder, Stockwell International can provide high-quality services to ensure your shipments arrive safely and on time.
The Stockwell International FCL booking office provides our clients with suitable sea freight quote options for new FCL bookings and LCL bookings, on top of regular contract options. Our team can offer instant port-to-port rates and direct sea freight bookings to reduce the time it takes to book a container to less than a day.
Alternatively, with a well-established network of major airlines and a wide-reaching network of offices, we are well-equipped to offer competitive air freight forwarding rates with personalised service at optimum efficiency.
Get your free quote today!
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]]>The post New Direct Service from South-East Asia appeared first on webfx.
]]>Best regards,
Angela Gambell,
Director Sales & Marketing
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]]>The post Notice of Dehire appeared first on webfx.
]]>VIC/SA – Require 48 hours to organise dehire of container. This time does not include public holidays or weekend. Please also note that notifications made after midday are not considered same day.
NSW/QLD/WA – Require 72 hours to organise dehire of container. This time does not include public holidays or weekend. Please also note that notifications made after midday are not considered same day.
If you have any further questions, please contact [email protected] for more information.
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]]>The post How to prepare your supply chain for the impacts of Chinese New Year appeared first on webfx.
]]>Chinese New Year will commence on January 22, 2023, and end on February 5, 2023. Nevertheless, many production sites will begin to decelerate and close down up to a month prior as this significant tradition is the only holiday where people get to spend extended time with their families.
As many ports, factories and production sites close, it can disrupt supply chains and impact the logistics of businesses. Preparing ahead of time will allow you to minimise the disruption of delays in your supply chain management system.
Factory closures halt goods delivered from factories to ports, and ports will function at a lower capacity due to the seasonal shipping rush from Chinese New Year closures. Ocean freight services may be full or overbooked earlier than usual, causing challenges in securing container space as carriers will be in high demand. As a result, this will increase rates for freight and other delivery services in and out of China.
If you want to avoid disruptions in your supply chain, placing orders well before the Chinese New Year is best. By preparing in advance and being mindful of deadlines, you can ensure your freight delivery runs smoothly.
Consult with your manufacturer and factories ahead of time on closures and final shipment dates to confirm that your supplies will reach you before the holiday. By booking your ocean freight at least three weeks in advance, you will have time to plan for any potential production delays and avoid disruptions in your supply chain.
The ramifications of delays in shipping and manufacturing can be long-lasting. If you’re receiving shipments from China, it’s best to communicate closely with your supplier. The dates of these shipments can change in the weeks leading up to Chinese New Year, as factories are working at full capacity. Ensure you have alternatives, such as organising inventory to avoid shortages due to delayed or slow shipments.
With proper planning and communication, you can prepare your supply chain for the impacts of the Chinese New Year, ensuring that you can continue serving your customers during this time. By working with freight services providers, freight forwarders, port authorities and logistics experts, you can mitigate any potential disruptions and ensure seamless operations during this period of production closures.
Need to get your stock moving quickly? Talk to Stockwell about our air freight options.
Our connections with major global airlines provide us with a wide range of freight forward solutions allowing us to move cargo fast and efficiently.
Having a trusted and reliable logistics partner with the expertise and resources to help clear any complications during the Chinese New Year period will not only ease seasonal shipping stress but ensure that your products reach you and your customers on time.
Get in touch with the Stockwell International team today, we can help with your freight booking needs, and the in-house booking office can arrange all your FCL movements in the lead up to and around Chinese New Year.
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]]>The post Air vs. Sea Freight appeared first on webfx.
]]>Air freight forwarding services can see your business’ supply chain perform at optimal levels through speed and efficiency, with reasonable freight rates and personalised service. The speed and flexibility of air freight are unparalleled by any other form of transportation.
Alternatively, sea freight forwarding services allow for the bulk transport of goods at the most cost-effective rates. Traditionally, sea freight is more cost-effective and beneficial for importers/exporters forwarding large-scale cargo and/or high volume cargo that is not particularly time sensitive and can arrive in weeks or months rather than days.
Ultimately, the choice of whether you use air freight vs. sea freight will be dependent on your needs and personal situation. Factors such as cargo sensitivity, security, the urgency of delivery, size of goods, weight of the shipment, and budget must all be considered.
To make life easier, we’ve assembled a birdseye view of the advantages and disadvantages of air vs. sea freight for you.
There is a range of advantages of air freight, including:
There is a range of disadvantages of air freight, including:
There is a range of advantages of sea freight, including:
There is a range of disadvantages of sea freight, including:
Despite the ongoing challenges to the freight industry, Stockwell is making positive headway with our Australian-based, in-house booking office.
The Stockwell International FCL booking office provides our clients with suitable sea freight quote options for new FCL bookings and LCL bookings, on top of regular contract options. Our team can offer instant port-to-port rates and direct sea freight bookings to reduce the time it takes to book a container down to less than a day.
Alternatively, with a well-established network of major airlines and a wide-reaching network of offices, we are well equipped to offer competitive air freight forwarding rates with personalised service at optimum efficiency.
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