15th April 2020
Basmati rice export from India is set to repeat record shipments in FY 20 as exporters cater to spike in global demand for the food grain owing to Covid-19 pandemic and the festival of Ramadan.
Gross exports from the largest rice exporting country is expected to amount to 4.4 million tonnes in FY 20, at par with FY 19, even as consignments were stranded at ports and foreign destination since last week of March due to the nationwide lockdown to combat Covid-19.
The Gujarat’s cotton yarn are finding it difficult to receive their money from buyers as they are not able to send documents related to Bill of Lading (BoL) to foreign banks as well as to importers in different countries as courier services are closed since the announcement of nationwide lockdown.
14th April 2020
The COVID-19 crisis is having a major impact on the chemicals industry. Demand for chemicals is experiencing severe shocks across end-markets, global supply chains are disrupted, stock prices of chemical companies have taken unprecedented hits, and the competitive order of chemicals producers has changed virtually overnight.
Truckers and transporters are increasing prices by as much as 80%. and freighter operators are adding surcharges for transportation of goods as they grapple with regulatory challenges, shortage of manpower and a huge slump in supply.This will increase logistics costs for companies and likely in products as well.
The closure of factories has also left cargo grounded (or in ships in anchorage) . India’s 7,516.6 km long coastline caters to more than 90% of India’s trading by volume.
At ports across India, cargo terminals are operating at capacities less than 30%.Port operators, importers, and shipping companies raised some of these issues, including the unavailability of trucks (and drivers), the shortage of workers in ports and cargo terminals, and choked ports .
13th April 2020
The effect of the lockdown has hit the agricultural sector hard. A lack of transport, market shutdowns, labour shortages, strict action by police on transport and the stringent imposition of lockdown by local authorities have put enormous strain on India’s food supply.
Farmers across the country are now dumping their perishable produce; fruits, vegetables and milk are being disposed of into compost pits and irrigation canals. Even if farmers managed to take their produce to the markets, there are fewer wholesale buyers. Large quantities of food are now stuck at the production level of the supply chain in villages. As a result, supply chains have completely broken. Farmers are isolated from wholesale and retail buyers in the cities leading to huge financial losses.
12th April 2020
COVID-19 Should Inspire Businesses to Prepare their Supply Chains for the Future
The COVID-19 pandemic has caused delays and other frustrations in businesses’ global supply chains, highlighting how vulnerable many are to unexpected disruption. Companies caught flat-footed should learn their lesson from this crisis and begin making fundamental changes now to prepare their supply chains for future shocks.
The current supply chain disruption is impacting consumer demand, labor, materials, and delivery—forcing businesses that rely on global sourcing to make tough choices.
With coronavirus causing longer Lunar New Year shutdowns of factories in China, according to the Global Port Tracker report the imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month.
Many Chinese factories have already stayed closed longer than usual, and we don’t know how soon they will reopen. U.S. retailers were already beginning to shift some sourcing to other countries because of the trade war, but if shutdowns continue, we could see an impact on supply chains.
The Key Workers across the UK include those in the ports, shipping and logistics industries who are literally ensuring the nation is fed and supplied, and helping us overcome Covid-19. However to continue to do this, UK ports do need some assistance from policy makers.
11th April 2020
With COVID-19 Cases on the Rise, Pakistan Bans Export of Anti-Malaria Drug
akistan has banned the export of anti-malaria drugs after several countries, including the US, started using the medicines to treat coronavirus patients, according to a media report.
The ban, which has been imposed with immediate effect, will remain till the National Coordination Committee (NCC) on COVID-19 deems necessary, according to a notification released by the Commerce Ministry on Friday amidst a spike in the number of coronavirus cases in the country.
10th April 2020
COVID-19′ Impact on India’s Auto Sector
China accounts for 27 % of India’s automotive part imports and major global auto part makers,owing to the closure of the factories of the companies, there has reportedly been a delay in the production and delivery of vehicles like Bharat Stage Four (BS-IV) compliant models.
Post coronavirus related lockdown in China, demand resurfaced swiftly indicating signs of a V-shaped recovery. OEMs expect domestic PV sales to recover by the festive season of CY20
A new Port Economic Impact Barometer has reported steady overall port cargo volumes for the week beginning 30 March, but warns that the “full impact” of coronavirus (COVID-19) on container volumes is yet to come.
9th April 2020
Turkey: Effects Of COVID-19 Outbreak On Maritime Law
The impact of COVID-19 has also caused serious problems and changes in the international trade and transportation fields that are the major components of the global economy. Many sectors were and are still affected by the current circumstances and the activities, operations of some sectors have come to a standstill.
Many severe obstacles and changes have been observed due to Covid-19 in the field of international trade and transportation. In maritime transportation it is of utmost importance to keep the operations stable and as planned.
The container volume of China’s eight major ports declined 4.4%. Recent weeks have seen major lines starting to blank large numbers of sailings between Asia and Europe/US as the COVID-19 pandemic impacts demand in Western countries.
8th April 2020
Port of Long Beach: COVID-19 Slows March Trade
The Port of Long Beach continued to feel the economic effects of COVID-19 in March with more cancelled sailings and a decline in cargo containers shipped through the nation’s second-busiest seaport.
Overseas health concerns over the coronavirus caused 19 cancelled sailings to the Port of Long Beach during the opening quarter of 2020, which contributed to a 6.9% decline in cargo shipments compared to the first three months of 2019.
According to the report by Baker McKenzie and Oxford Economics, the sectors hit hardest by the COVID-19 pandemic are likely to see the strongest recovery as pent-up demand is released and production ramps up, but this is provided the supply chain is fixed.
These sectors include motor vehicles and parts, electronics, textiles, headline manufacturing, and aerospace and other transport equipment.
Analysis by GlobalData surrounding the Covid-19 pandemic found that the manufacture of 57 drugs is at risk of being affected because of “general manufacturing and export restrictions across China”.
These drugs range from calcium supplements to cancer and HIV drugs. It affects some of the world’s largest pharma companies, such as Pfizer, Johnson and Johnson and Novartis, as well as smaller, more specialist developers, such as Vertex and Jazz.
7th April 2020
COVID-19: Economic, Microelectronics Industry Impacts
In Asia, the semiconductor supply chain is working to overcome intractable challenges caused by COVID-19 including sourcing raw materials for chip manufacturing and maintaining assembly and test operations, Mark Patel, senior partner & Semiconductor Practice lead, McKinsey & Company, said at the webinar. Those problems cascade to foundries and IDMs even as they confront the compounding issue of a shortage of fab operators and engineers. Downstream, the inability to package, test and qualify product risks exacerbating the supply constraints.
US imports from Asia in March fell to the lowest level in seven years as retailers and manufacturers pulled back on orders of non-essential merchandise and inputs amid plunging consumer demand and factory closures caused by the (COVID-19).
According to Global Port the total US imports in the first half of 2020 will decline 15.1 percent from the same period last year. Year-over-year (y/y) monthly declines will likely continue into the second half of 2020, it projected.
6th April 2020
International Trade by Sea Needs to be Guaranteed Despite Covid-19
According to International Maritime Organization Secretary-General at the time of COVID-19 pandemic ,the shipping industry must prioritized new restrictions and come into force and address the issues which are effecting/hamper the delivery of food and medical supplies.
The United Arab Emirates (UAE) has decided to gradually lift the restrictions on crew changes enabling seafarers stuck in UAE to return to their homes.
The move is being announced in the wake of growing concerns for seafarers and their mental health as their transfer has been banned as part of measures aimed at curbing the spread of the COVID-19.
4th April 2020
Trucking and Shipping Industry Works to Maintain Driver Safety During COVID-19
The trucking and transportation industry is one of many being affected by the COVID-19 global pandemic. What’s worse, there’s a trickle-down effect on several other markets, including horticulture.
COVID-19: Government Restricts Export of Diagnostic Kits
The government on restricted the exports of diagnostic kits amid the outbreak of the Covid-19 outbreak.
According to Directorate General of Foreign Trade“The export of diagnostic kits (diagnostic or laboratory reagents on a backing, preparation diagnostic or laboratory reagents)… is restricted with immediate effect.”
3rd April 2020
COVID-19: The Global Food Supply Chain is Holding Up
The unfolding COVID-19 pandemic is so far having little impact on the global food supply chain, but that could change for the worse – and soon – if anxiety-driven panic by major food importers takes hold, the World Food Programme (WFP) warned on Friday.
Source:- UN News
COVID-19: Five Priorities for Retail Supply Chain
AS the COVID-19 pandemic continues to spread, retailers have stepped up their efforts when it comes to providing consumers with essential goods and to protect the health and well-being of communities.
In order to achieve this retail supply chains are facing challenges that require extraordinary measures to ensure that essential goods continue to be delivered to stores and consumer doorsteps
Shipping, Port and Shiprepair to Remain Open as Singapore Closes Most Workplaces
Singapore’s shipyards and marine industries look set to suspend work for a month as the government closes all workplaces except those in essential services and key economic sectors to close in the fight against COVID-19
According to the gobusinesCOVID government website essential services in transportation and storage include: “Shipping, shipping-related services, safety and navigation services, port and terminal operations, port marine services”.
2nd April 2020
Accenture: Building Supply Chain Resilience Amidst COVID-19
As the panic of COVID-19 continues to spread around the world, multiple regions and organisations have gone into lockdown halt production and impacting economies. As a result the disruption to supply chains is already clear to see.
In order to maintain successful distribution of critical goods and services quickly, safely and securely to those at risk of infection and those on the frontline, business leaders are required to make rapid and immediate decisions to sustain business operations as well as protect workers.
1st April 2020
COVID-19 and The Pharmaceutical Supply Chain
The pharmaceutical supply chains during COVID-19 are the restrictions and impact of this pandemic on two of the largest global producers of active pharmaceutical ingredients (APIs) and generics: China and India.
According to reports, the restrictions were imposed because India’s manufacturers rely heavily on imports of their APIs from China. As a result of the lockdowns, slowed production of APIs by the latter resulted in less availability and higher costs.
COVID-19 Exposes Indian Industry’s Supply Chain Vulnerabilities
In India, specific industries is dependent on Chinese imports. These industries are under significant risks such as pharmaceuticals, automobiles, chemicals, and textiles.
Due to the outbreak of COVID-19 and restriction on the trade, domestic firms must develop their local sourcing units and adopt alternative strategies for reducing dependency on China, to survive in the market.
31st March 2020
Opinion | Farmers May Not be Infected but are Certainly Affected
The impact of COVID-19 on agriculture is already being felt. The Food and Agriculture Organization (FAO) food price index, which records monthly changes in the international prices of commonly-traded food commodities, averaged 180.5 points in February, 1% lower than in January.
COVID-19 and India’s Logistics, Infrastructural Nightmare
Insiders say e-commerce companies are battling to procure passes for their logistics and delivery staff in various states. Since the logistics is time consuming and often clumsy while dealing with huge demand, there is urgent need for the government to look at alternate mechanisms like digital checks.
30th March 2020
Supply Chain Innovation is Key to Tackling Pandemics like COVID-19
The biggest risk faced worldwide is the potential breakdown of their healthcare system, resources and supply chain. COVID-19 impacted countries have witnessed a dramatic demand for medical supplies, test kits, respirators, masks, tubes, robes, thermometers, hazmat suits and health workers precisely at a time when the traditional global supply chains are shutting down.
Covid-19 and Dependence on China’s PV Supply Chain
According to Asian Development Bank the developing countries in Asia and the Pacific should consider developing their own solar industry supply chains as the Covid-19 pandemic has exposed their over-reliance on China to carry through the energy transition.
Big Pharma’s In-House Manufacturing Impacted by COVID-19 in China
The affect of COVID-19 has has put global pharmaceutical supply to the test especially as several large biopharma companies use Chinese facilities for vital manufacturing steps in their products.
As per Global Data, the supply chain problems include the largely quarantined Chinese workforce, delays in transporting materials and other logistical hurdles caused by strict population movement regulations. The outlet stated that, while some Chinese factories have returned to normal capacity, others are operating at between 50 and 80 percent capacity.
29th March 2020
V.O.C. Port Adheres to All Safety Measures to Prevent Spreading of COVID-19
VOC Port is taking all precautionary measures by stringently following the instructions given by Ministry of Shipping and Directorate General of Shipping, Mumbai and Government of Tamil Nadu and also the Standard Operating Procedures issued by the Port Health Organization, Thoothukudi under the aegis of Ministry of Health and Family Welfare.
Govt asks Shipping Lines not to Impose Container detention Charges on EXIM Shipment
In order to maintain proper supply lines at seaports and facilitate unhindered cargo movement,the government has instructed all the shipping companies not to collect any detention charges on export-import (EXIM) cargo in the wake of the situation arising due to COVID-19 outbreak. Moreover, the shipping companies have been asked not to levy any container detainment charges on import and export shipments till April 14.
28th March 2020
Covid-19 Lock-down Chokes Farm-To-Fork Supply, Could Hit India Hard
A lock-down to contain the COVID-19 has upended agriculture, the lifeblood of India’s rural economy, breaking down the farm-to-fork supply chain by cutting off farmers from buyers of their produce.
Thousands of trucks carrying essential commodities are stranded on national highways even though they are officially allowed to ply. Despite the omnibus federal orders that permit them, many transporters haven’t received last-mile permits from local authorities.
Logistics Industry Sees 70% Dip in Capacity
The coronavirus pandemic has severely impacted the logistics sector, both in India and globally, as marketplayers say that global capacity has gone down 70% and freight rates have shot up by 6-8 per cent.
Container Shipping Well-Positioned to Withstand COVID-19 Downturn
As per the IHS Markit’s head of Global Research and Analytics, Maritime and Trade, carriers have shown discipline during this downturn by quickly reducing sailings in the face of falling demand. That’s due, in large part, to increased flexibility resulting from the evolution of the newest-generation carrier alliances that date back several years.
27th March 2020
Secondary Metal Producers Crumble Under Lockdown
Secondary metal producers are facing a double-whammy due to the spread of Covid -19 in India and overseas.Since secondary metal producers had booked their raw material (metallic scrap) from overseas suppliers based on the prevailing price about three months ago, the subsequent decline in metal prices has made import of raw materials costlier.
Scrap imported at lower prices stuck at ports, finished goods lying at factories with no transport available; shipping firms make hay by charging huge sums for storage at ports.
COVID-19 Is a Wake-Up Call for Supply Chain Management
Small minority of companies have invested in mapping their supply networks before the pandemic emerged better prepared. They have better visibility into the structure of their supply chains. Instead of scrambling at the last minute, they have a lot of information at their fingertips within minutes of a potential disruption. They know exactly which suppliers, sites, parts, and products are at risk, which allows them to put themselves first in line to secure constrained inventory and capacity at alternate sites.
South African Port Closures Add to Commodity Market Turmoil
South Africa’s main export terminals will close to mineral exports, when a nationwide 21-day lockdown to try to contain the coronavirus begins, disrupting copper and cobalt supplies from the Democratic Republic of Congo and Zambia.Miners in the African copperbelt, which accounts for more than a tenth of global production, typically transport copper overland to South Africa’s ports, where it is exported mainly to China, the world’s biggest consumer of the metal.
26th March 2020
Indian Industry seeks 10-point boost plan from govt for the exporters affected by the coronavirus
The threat from COVID-19 has pushed the Indian Industry to seek help from the govt by drafting a 10 point boost plan for the exporters affected. The Confederation of Indian Industry has drafted plans from a one-time extension of the customs duty payments and filing of bill if entry to extending the 5% interest subvention scheme to all exporters.
COVID-19 Undermines China’s Run As The World’s Factory, But Beijing Has A Plan
China transitioned from a low wage, low regulation economy to an upper-middle-income country changing certain fundamentals. There’s now higher wage demands, manual labourers and strict laws. As if all this wasn’t enough, Trump’s trade war and the recent COVID-19 pandemic has left an everlasting scar in China’s manufacturing sector.
The Impact of COVID-19 on Key African Sectors
Africa is already grappling with widespread geopolitical and economic instability and with South Africa reporting its first case of the COVID-19, there has been a negative impact in the demand for Africa’s raw materials and commodities seeing a decline in China. Adding to the problems, Africa’s access to manufactured goods and industrial components from the region has been hampered.
25th March 2020
India Ban the Export of Anti-Malarial Drug Hydroxychloroquine Amid
Amid the coronavirus outbreak, the government on Wednesday banned the export of anti-malarial
drug hydroxychloroquine, to ensure sufficient availability of the medicine in the domestic market.
Global Port Restrictions
GEODIS workforce is transitioning to a remote working environment in different European
countries, CCL (Cargo Container Lines) Original Bill of Lading, import and export shipments
may not be handled as promptly as expected in most of our European branches. Due to the
changes implemented by governments over the last few days, there are further port restrictions
around the globe. Read more to find out.
Mainfreight : Air & Ocean Service Announcement | COVID-19 Update
The New Zealand government has approved essential international air & sea freight, transport
and warehousing services open. Even in the most impacted communities,the government have
been able to operate effectively. As per the news article, the rest of the world is moving towards
similar restrictions as those about to take effect in New Zealand, albeit at different speeds.
Coronavirus Wreaks Growing Damage on Italian Shipping, Supply Chains
Italy’s maritime sector is worse affected by the growing COVID-19 pandemic as traffic at the country’s ports slows, and lockdown efforts undercut trade connections with the rest of the
world. Shipowners have asked Italy’s Minister of Infrastructure and Transport, for direct state funding over three years along with an 18-month moratorium on all financial obligations
and a year-long exemption on social security payments for vessels under the Italian flag
24th March 2020
Italian Ports Are Fully Operational Despite Covid-19: Italian Ports
BIMCO has received a letter from the Italian Ports Association on its message to BIMCO has mentioned,
that Italian Ports are fully operational and will ensure the safety of cargo and crew members. Read more
to find out about measures adopted by the government.
India Imposes a 14-day quarantine on shipping vessels from China
Fourteen days quarantine imposed by India on shipping vessels arriving from any port in China.There
are certain parts of DGS’s guidelines for the ports in the country to deal with vessels /people on-board
in light of the coronavirus pandemic.
Corona-Hit Maritime and Logistics Sectors Seek Rescue Package
as Trade Slows
As per the industry executives, the devastation brought on by the COVID-19 pandemic has had a
disastrous effect on almost all container terminals, bulk cargo terminals, container freight stations
(CFS) and inland container depots (IDCs) across India.
23rd March 2020
Impact of Coronavirus on Indian Ports
As per the Ministry of Shipping, they have issued necessary directions from time to time to all ports
to put in place a screening, detection and quarantine system for disembarking.
Western Supply Chains Buckle as COVID-19 Lockdowns Spread
Because of the COVID-19 outbreak, the Western governments are forced to impose lockdowns,
threatening the supplies of necessary products like medicines. The freight carriers are the worst
affected by this as they struggle to deliver goods by land, sea, or air. Problems ranging from finding
enough truck drivers to restrictions on seafarers and a lack of air freight are hitting the smooth flow
Get in Touch with Our Product Team
Drop in Your Email and We'll Get Back to You Shortly