demand supply imbalance

Maersk Tankers Report Record High Profits in 2020

An acceleration of the company’s strategy and strong markets in the first half of the year led to Maersk Product Tankers recording a significant increase in profits in 2020, reads a press release by Maersk Tankers.

Record high financial results

Christian M. Ingerslev, CEO of Maersk Product Tanker says, “We look back on a year defined by a health pandemic that shook all corners of the globe, leaving an indelible mark on people and society.”

“During one of the most volatile years in tanker market...

https://mfame.guru/maersk-tankers-report-record-high-profits-in-2020/

Lead times longer, sourcing patterns in disarray due to COVID-19 volatility

Lead times longer, sourcing patterns in disarray due to COVID-19 volatility (Photo: Unsplash)

The COVID-19 pandemic has upended global supply chains, as logistics stakeholders struggle with sourcing amid rising and waning infection trends across countries. The volatility with supply and demand has inevitably hit lead times, as suppliers struggle to source raw materials during shutdowns and trade wars.

With highly global sourcing patterns and complex use cases, the electronics value chain has become one of the hardest-hit supply chains during the pandemic. 

The core manufacturing capacity...

https://www.freightwaves.com/news/lead-times-longer-sourcing-patterns-in-disarray-due-to-covid-19-volatility