Mercado | Insights - What I Learned in Supply Chain, by Rob Garrison

Insight – The 1-2 Punch

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Insights: What I Learned In Supply Chain This Week Series
The 1-2 Punch
Tags: First Mile, Global Supply Chain, Global Trade, Import, China, Trade War, Transparency
Dallas-based startup empowers businesses to optimize international trade.
The trade war began to heat up in earnest in 2018. The impacts are now being measured, and — as expected — the results aren’t pretty.

Overall global trade slowed from 4% in 2018 to 1% in 2019, the worst non-recession result in 40 years.

China imports declined by $59 billion, and US imports declined by $42 billion.

Beyond the numbers, the uncertainty made it difficult for businesses around the world to plan and forecast. Exporters lost millions in sales, and importer’s margins were negatively impacted.

When President Trump signed Phase 1 of the trade deal on January 15th, many hoped for a return to normalcy.

Almost immediately after the signature, the Coronavirus was detected. Early reports seemed relatively benign. Of course we now know that COVID-2019, is deadly serious.

Carriers are losing $350 million dollars per week due to factory shutdowns, and factories are only now partially returning.

One factory report I read yesterday said 20% of their staff returned on Monday. Tuesday the government issued a new quarantine requirement, forcing 50% of the staff back home for at least 10 days. Their best guess is it would be April before they could resume a 'normal' schedule.

You can read the full article from The Wall Street Journal.
ABOUT THE SERIES

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on Linkedin by following this link.
GT Nexus founder and supply chain industry veteran, John Urban, has joined the Mercado board of directors.
The trade war began to heat up in earnest in 2018. The impacts are now being measured, and — as expected — the results aren’t pretty.

Overall global trade slowed from 4% in 2018 to 1% in 2019, the worst non-recession result in 40 years.

China imports declined by $59 billion, and US imports declined by $42 billion.

Beyond the numbers, the uncertainty made it difficult for businesses around the world to plan and forecast. Exporters lost millions in sales, and importer’s margins were negatively impacted.

When President Trump signed Phase 1 of the trade deal on January 15th, many hoped for a return to normalcy.

Almost immediately after the signature, the Coronavirus was detected. Early reports seemed relatively benign. Of course we now know that COVID-2019, is deadly serious.

Carriers are losing $350 million dollars per week due to factory shutdowns, and factories are only now partially returning.

One factory report I read yesterday said 20% of their staff returned on Monday. Tuesday the government issued a new quarantine requirement, forcing 50% of the staff back home for at least 10 days. Their best guess is it would be April before they could resume a 'normal' schedule.

You can read the full article from The Wall Street Journal.
ABOUT THE SERIES

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on Linkedin by following this link.
                       

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Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
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Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency
                       

Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency
                       

Terms of Service   |   Privacy Policy
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Copyright © Mercado Labs
Made with    by studionine.agency