Costas Xyloyiannis, HICX’s CEO, believes that supplier-centric brands are more resilient.
With inflation hampering product sales and price rises, manufacturers have profits to protect. Many will react, as the sector has done for decades, by beating down suppliers on price. All this does though is bounce the problem around the supply chain. It drains suppliers of the resources they need to deliver vital enhancements—including supplies, information, and ideas—without which, brands are less competitive.
So, how can they protect profits without being vulnerable to significant risks and open to new opportunities?
The Biden Administration says it sees no reason to intervene in the West Coast dockworkers’ dispute despite appeals from a growing number of shippers urging the Administration mediate the dispute between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) so as to bring the yearlong disruption of port operations to an end.
Manufacturers, businesses, and all organizations have had to constantly develop groundbreaking solutions to maintain the production of high-quality goods due to rising costs and limited access to raw materials, especially since the onset of the pandemic.
To supercharge the green shift, we need a clear zero-emissions target by 2050, a market-based levy on CO2 emissions and an improved set of efficiency measures, and as our industry’s global regulator the IMO is the body to do it – and fast. We no longer have the luxury of time, writes Norwegian Shipowners’ Association (NSA) CEO Harald Solberg.
The Pacific Maritime Association (PMA) says the International Longshore and Warehouse Union (ILWU) “is staging concerted and disruptive work actions that have effectively shut down operations at some marine terminals” At West Coast Ports on June 2nd.
The Port of Redwood City announced that it received a mid-year financial report stating that gross revenues were up by 13% when compared year over year, from $4.5 million to $5.1 million.
On May 10th, Port of Long Beach Executive Director Mario Cordero announced the passing of Rick Cameron, former Deputy Executive Director who died at the age of 51.