Fashion & Lifestyle

Plea for help as Brexit supply chain red tape ‘strangles’ UK fashion industry

The UK fashion industry is warning of “decimation” if the government does not cut post-Brexit supply chain red tape “strangling” 52,000 fashion SMEs trading with the EU.
Despite annually contributing £35bn to the economy, employing almost a million people and recording 11% growth rates, Tamara Cincik, CEO of Fashion Roundtable, claims the industry was ignored in the planning for Brexit.  
“The sector was heavily slanted to voting Remain because of issues …

The post Plea for help as Brexit supply...

https://theloadstar.com/plea-for-help-as-brexit-supply-chain-red-tape-strangles-the-uk-fashion-industry/

More misery for apparel houses as air freight rates ex-Bangladesh double

Air freight rates out of Bangladesh have doubled in recent months, spiked by a severe capacity crunch due to coronavirus-linked operational suspensions and growing demand.
Shippers are now paying twice pre-pandemic rates for expedited shipments, which they describe as a “big burden in this challenging period”.
To carry goods to European airports, air cargo operators are charging more than $3.65 per kg, compared with $1.80 in March last year, and $6.20/kg to …

The post More misery for apparel...

https://theloadstar.com/more-misery-for-apparel-houses-as-air-freight-rates-ex-bangladesh-double/

UK shippers demand parliamentary inquiry into port congestion

Some of the UK’s largest shippers have written to MPs demanding a parliamentary inquiry into the port congestion crippling the country’s container supply chains.
A letter from the British Retail Consortium (BRC) and Food and Drink Federation (FDF) to Lilian Greenwood MP, chair of the Commons Transport Select Committee, and Angus Brendan MacNeil MP, chair of the Commons International Trade Committee, describes importers as facing “major challenges in building up stock …

The post UK shippers...

https://theloadstar.com/uk-shippers-demand-parliamentary-inquiry-into-port-congestion/

Flow of US imports continues to surge – now at twice the rate of exports

With no let-up in consumer demand, container imports into the 10 largest US ports soared by 25% last month, compared with the previous year.
And with the forward booking visibility of transpacific carriers indicating that the US import boom is set to continue to at least the Chinese New Year in February, import throughput is likely to stay high.
However, the intense focus on repositioning empty equipment back to Asia, to meet …

The post Flow of US imports continues to surge – now at twice the...

https://theloadstar.com/flow-of-us-imports-continues-to-surge-now-at-twice-the-rate-of-exports/

Bleak picture of financial exposure to major shippers from UK port congestion

The financial impact on the UK’s biggest shippers from the port congestion crippling the country’s container supply chains could amount to over £15bn ($19.7bn), according to new research.
Risk management firm Russell Group today released new analysis that shows the top 10 UK importers that use Southampton have a combined financial exposure to the congestion at the port of £3.88bn. The list is headed by BP, Shell and Tesco.
However, that figure …

The post Bleak picture of financial exposure to...

https://theloadstar.com/bleak-picture-of-financial-exposure-to-major-shippers-from-uk-port-congestion/

Cainiao launches open tender for 2021 logistics services – but be quick

Cainiao Smart Logistics Network, the logistics arm of Chinese-e-commerce platform Alibaba, today launched an open tender for logistics services for next year.
It is calling on logistics providers in key markets including North Asia, South-east Asia, Europe, the Middle East, ANZ and the US.
However, those interested in bidding for the company’s business have just five days, as the deadline for submissions is 15 December.
The tender is segmented into B2C and B2B …

The post Cainiao launches open...

https://theloadstar.com/cainiao-launches-open-tender-for-2021-logistics-services-but-be-quick/

Bangladeshi apparel makers demand withdrawal of congestion surcharges

Shippers around the world are fed up with carrier costs – the latest group to complain to their government is in Bangladesh.
Garment makers have demanded government take immediate steps to withdraw the emergency cost recovery surcharge (ECRS) carriers have slapped on because of congestion at ports.
In a letter to the shipping ministry, Chittagong Port Authority and Bangladesh Shipping Agents Association (BSAA), the manufacturers say the apparel sector and other industries …

The post Bangladeshi...

https://theloadstar.com/bangladeshi-apparel-makers-demand-withdrawal-of-congestion-surcharges/

Carriers bullish as shipping contract talks loom: ‘it won’t be a buyer’s market’

European shippers are finding it increasingly difficult to begin annual contract negotiations with container shipping lines.
November is the traditional start of the annual contract negotiating season on the Asia-Europe trade, with deals mostly signed by the end of the year.
However, after the astonishing gains on a spot market which grew another 9% this week, it appears the relationship between carriers and their customers could be fundamentally different in 2021.
Anecdotal reports …

The post Ca...

https://theloadstar.com/carriers-bullish-as-shipping-contract-talks-loom-it-wont-be-a-buyers-market/

Colombo port congestion brings extra expense for Bangladeshi shippers

Feeder vessel operators to and from Chittagong and the hubs of Colombo, Singapore and Port Klang are to slap emergency cost recovery surcharges (ECRS) on outbound and inbound shipments to Bangladesh.
The moves comes amid acute congestion at the hubs, linked to pandemic-related reduced numbers of port workers,
Feeder vessels calling at Colombo are facing waits of up to five days and, in Singapore, more than two days to get a berth. …

The post Colombo port congestion brings extra expense for...

https://theloadstar.com/colombo-port-congestion-brings-extra-expense-for-bangladeshi-shippers/

Strong air freight demand fighting tight capacity, pushing rates higher

European forwarders are reporting air freight rates hitting $10 per kg, and still climbing, as the peak season – boosted by distressed sea freight – continues.
As the UK becomes the latest European country to enter a four-week lockdown, mirroring Germany, France and Belgium among others, forwarders indicate that consumer demand will likely continue despite closed shops.
This is in part because of the scheduled end dates of the lockdowns at the …

The post Strong air freight demand fighting tight...

https://theloadstar.com/strong-air-freight-demand-fighting-tight-capacity-pushing-rates-higher/

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