Nike Feels Squeeze by Strong Dollar Companies that make sales internationally but have a base currency of USD usually don’t like to see too strong a US dollar. As the US dollar is currently so strong, it’s hitting the bottom line of companies such as Nike. Lumber Prices Come Back Down to Earth During the…
UPS and Fedex Raise Rates Despite evidence of slowing shipping demand, UPS and Fedex announced they will raise rates by about 6.9%. That doesn’t include other potential additional increases in shipping costs. Seems like another gut-punch to shippers. Saffron Made in Texas Iran is the world’s largest producer of Saffron, one of the world’s most…
Shipping Rates Remain High, Forcing Businesses to Get Creative As shipping rates still remain relatively high, businesses are being forced to become more creative in cutting down their shipping costs: For example, owner of this Texas craft store, tweaked how online shipping rates were calculated on her e-commerce site, removed heavier items from the store…
No Need to Hoard Halloween Candy There were fears candy makers could not keep up with demand of their candies and wanted to temper people’s expectations for upcoming Halloween. This announcement nearly caused candy hoarding like it was toilet paper in 2019-20. But it looks like those fears were mostly unwarranted, there will be enough…
3 Big Retailers Share Their Upcoming Priorities Executives from Kroger, Walmart and Shein shared their main upcoming priorities: Localization Automation Drone deliveries Read on for more about what these big retailers are prioritizing. Are Supply Chains Recovering? The last couple of years have been a lot of doom and gloom when talking about supply chains….
Can You Spare Some Storage? via GIPHY Warehouse space is at a premium now as larger retailers take up warehouse space for their excess inventory. Resulting in the squeezing out smaller retailers scrambling to find warehouse storage space. Driverless Delivery Tested in Canada Canadian grocery giant, Loblaws, has been working with Gatik, to test driverless…
Shipping Rates Decline There’s evidence of shipping rates declining and continuing this downward trend. While shipping rates are trending down, rates are still higher than pre-COVID rates. Shipping Containers Go From Not Enough to Too Many As global demand starts to wane, shippers are starting to cancel their container shipments in what is traditionally the…
New Balance Coming Back to America While shoe maker, New Balance, has mostly produced their shoes overseas, but they have recently opened a new facility in Massachusetts to move some production closer to home. Take a sneak peak at their new facilities. Europe’s Energy Crisis is America’s Gain With energy costs soaring in Europe (e.g….
Companies Shoring Up Supply Chains Through M&A 2020 to 2022 has been a roller-coaster ride for global supply chains (no matter how resilient you’ve built your supply chain). Building in flexibility, agility and diversification are now three key elements supply chain professionals are looking to strengthen. Some companies, are using M&A to help achieve those…
Now is the time to buy your Avocado toast Nothing has signified “luxury” in recent years more than buying avocado toast. But, as Australian farmers overestimated demand for avocados, they’re now sitting on a surplus of the green buttery fruit putting downward pressure on avocado prices. Go and stock up on the avocados while you…