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The Stockout: CPG companies highlight forthcoming price increases

In past editions of The Stockout, I’ve discussed cost inflation trends, which I believe is the industry’s largest issue currently aside from pandemic-related structural changes in demand. In recent days, many of the large CPG companies provided additional detail on pending price increases to pass those costs on to consumers. While that’s not a surprise, it is notable that inflation in CPG costs is higher than we have seen recently, with companies indicating that forthcoming price increases will...

https://s29755.pcdn.co/news/the-stockout-cpg-companies-highlight-forthcoming-price-increases

The Stockout: Reefer spot rates fall as contract rates catch up

Reefer spot rates hit five-month low as capacity loosens. After a relentless uptrend from May through September 2020, reefer spot rates stabilized through the end of the year. Aside from a short-lived spike around the holiday season, rates have contracted at a rapid rate through 2021 and are now at the lowest level since August. 

The decline in reefer spot rates coincides with falling tender rejection rates (ROTRI), a measure of how difficult it is for shippers to source capacity. Easing price...

https://www.freightwaves.com/news/the-stockout-reefer-spot-rates-fall-as-contract-rates-catch-up

The Stockout: Kraft Heinz cleans up its packaging

Kraft Heinz takes another step toward a more sustainable future. In the last edition of The Stockout, I wrote about how Kraft Heinz is testing the company’s first microwavable cup, set to launch sometime during 2021 upon the completion of testing. On Friday, Kraft Heinz announced that it was launching a new eco-friendly sleeve multipack in the United Kingdom. 

Image: The Kraft Heinz Company

This move will eliminate 550 tonnes of plastic on supermarket shelves, Kraft Heinz said. The cardboard...

https://www.freightwaves.com/news/the-stockout-kraft-heinz-cleans-up-its-packaging

FreightWaves Flashback: England gets its orange juice by sea, land and air services

The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each Friday, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.

The following is an excerpt from the November 1966 edition of the Florida Journal of Commerce.

Seventy thousand American gallons of frozen concentrated orange juice were imported into the...

https://s29755.pcdn.co/news/freightwaves-flashback-england-gets-its-orange-juice-by-sea-land-and-air-services

FreightWaves 3PL Summit: Brad Jacobs on diversity, automation and COVID recovery

Brad Jacobs XPO

Brad Jacobs, chairman and CEO of XPO Logistics (NYSE: XPO), is committed to improving the diverse culture XPO is striving to build for its employees, but doing so requires listening to employees, he said during the keynote address of FreightWaves’ Virtual 3PL Summit on Tuesday morning.

“There is a problem in the country [with] racial inequality and that’s a fact,” Jacobs said. “I think just in the last month, the recognition of that fact has become much more widespread.”

Racial equality was one...

https://s29755.pcdn.co/news/freightwaves-3pl-summit-brad-jacobs-on-diversity-automation-and-covid-recovery

FreightWaves LIVE @HOME: Truckers praise Driver Appreciation Award winners

What makes a driver feel appreciated?

Clean bathrooms, water, snacks, short wait times and simple courtesy are what many drivers responded to on the survey by FreightWaves for its Driver Appreciation Award.

Winners were named Wednesday for the Driver Appreciation Award during FreightWaves LIVE @HOME. The winners of the driver appreciation survey highlights leaders in the supply chain who value and respect truckers.

In alphabetical order, the companies that went above and beyond to make drivers...

https://www.freightwaves.com/news/freightwaves-live-home-truckers-praise-driver-appreciation-award-winners

Supply chain radar: Why Nestlé locked horns with ocean carriers

The fact that a shipper of Nestlé’s calibre and size complains publicly about the standards in the container shipping industry is disturbing, to say the least, so when its executives speak up, you had better listen to what they have to say.
“With half a million containers on the oceans every year, Nestlé is considered a VIP customer in the liner industry,” ShippingWatch reported on Thursday, adding that, however, the “food producer is …

The post Supply chain radar: Why Nestlé locked horns with...

https://theloadstar.co.uk/supply-chain-radar-nestle-locked-horns-ocean-carriers/

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