By Craig Carmody, CEO, Port of Newcastle
Australia’s supply chains and national resilience were certainly again tested in 2021.
While we had all hoped that the pandemic year of 2020 was behind us, the last 12 months have been just as, if not more, challenging, as we have worked to keep our people safe, our port productive and our future plans progressing.
The resilience that sustained the port community...
Craig Carmody, Chief Executive Officer, Port of Newcastle, writes:
“In 2020, Port of Newcastle’s deep water access and excellent connections to national road and rail networks continued to provide an attractive supply chain option for a range of trade types. Diversification continues to be a key goal for our region.
“The port’s break bulk and project cargo handling facilities were again in high demand, most notably to facilitate the delivery of new ferries and trains for New South Wales.
“May...
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https://www.freightwaves.com/news/daily-infographic-women-in-trucking
Coronavirus pandemic supply shocks reinforced for manufacturers the importance of having more flexible, resilient supply chains that aren’t concentrated in China, but diversifying production in other countries is easier said than done.
Companies desire more flexibility and resilience in their supply networks, but there are limits to how much cost, scale and supplier proficiency they’re willing to sacrifice, said Willy Shih, a professor of management practice at the Harvard Business School.
“Many...
https://www.freightwaves.com/news/can-manufacturers-escape-chinas-gravitational-pull-with-video
Trucking is North America’s lifeblood. The COVID-19 pandemic caused widespread logistics disruption from which trucking was not immune, but the industry is scrappy and resourceful, continually delivering through some of the worst environmental and economic disasters. During the pandemic, the trucking industry once again earned recognition as an essential service.
National freight markets have recovered from the initial surge and decline cycle, caused mostly by consumers stocking up on goods and...
https://www.freightwaves.com/news/pandemic-survival-logistics-lessons-learned
The convulsions that COVID-19 has sent through the economy and supply chain have made it imperative for carriers to diversify their customer base, shed weak areas of their business and adapt to changing retailer behavior.
“What COVID-19 is doing is stress testing by default every country’s supply chain and every company supply chain. And some of them are failing because of that stress test. Out of the many companies hauling during this time, even in refrigeration, some have survived and some...
https://s29755.pcdn.co/news/carriers-must-diversify-product-to-survive-the-impact-of-covid-19