Newsletter – June 11, 2020

  • 11

    Jun

    Newsletter – June 11, 2020
    AIR FREIGHT UPDATES
    Could An Empty Additional Seat Become A Common Added Extra?

    simpleflying.com
    One of the take-aways from COVID-19 is that the way we travel is going to change. It won’t be just about hand sanitizer and temperature checks in airports. How airlines operate will change, and that will impact passengers. Airlines are having to rethink their business model and sometimes think outside the box. Read more here.

    OCEAN FREIGHT UPDATES
    Typhoon could hit Port of Hong Kong this weekend

    freightwaves.com
    Hong Kong may have to brace for a typhoon slamming its large container port this weekend.
    A cluster of thunderstorms over the Philippines has the potential to become a typhoon during the next couple of days. This would be the second named storm of the 2020 Pacific typhoon season. The first was Typhoon Vongfong, known as Typhoon Ambo in the Philippines, which hit that island nation in May. The season runs throughout the year, but most Pacific typhoons develop from May through October. Read more here.

    GROUND AND RAIL FREIGHT UPDATES
    Canadian border truck traffic surges
    freightwaves.com
    The number of trucks crossing the Canadian border from the U.S. surged last week as freight volumes surged in both countries.
    About 14% more truck drivers crossed the border during the week ending Sunday compared to the previous week, Canada Border Services Agency (CBSA) data released Wednesday shows. Read more here.
    CANADA BUSINESS – GOVERNMENT UPDATES
    Feds launch portal for Covid-19 procurement

    insidelogistics.ca
    OTTAWA – As the federal government continues to pack its shopping cart full of COVID-19 supplies, it’s also launching a one-stop shop for Canadians hoping to do the same.
    A new portal was unveiled Tuesday that’s intended to both help link commercial buyers and sellers of personal protective equipment and provide guidance to Canadians on what they may want to consider for themselves as they return to work. Read more here.

    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    Food makers are burning through cash to hoard ingredients for fear of more supply chain disruptions
    business.financialpost.com
    Hoarding cash during a pandemic might seem prudent, but America’s packaged food companies are finding it’s better to stock up on stuff they can sell.
    Businesses are spending more on raw materials like oats and sugar so they can maintain production in case supply lines get disrupted or imports are held up. Read more here.
    COVID-19 Poised to Cause Severe Disruption to Indian Business Conditions
    globaltrademag.com
    As in so many other countries in the world, turbulent skies lie ahead for India’s economy as a result of the widespread upheaval COVID-19 is leaving in its wake.
    Analysts from trade credit insurer Atradius expect that the repercussions of the pandemic will be widespread in India, having dire consequences for trade and causing GDP to contract 3% and business insolvencies to increase more than 30% year-on-year in 2020.  Read more here.
    Global e-commerce up 81 percent over May 2019
    insidelogistics.ca
    NAPLES, Fla. & LONDON – Global e-commerce sales continued to show strong growth in May, with certain sectors experiencing triple-digit year-on-year growth.
    Overall retail transaction growth of 81 percent in May, compared to the same period last year, was primarily driven by sportswear and sporting goods (216 percent), retail specific to housewares and DIY supplies (190 percent), and gaming (84 percent), according to an analysis by ACI Worldwide of hundreds of millions of eCommerce transactions from global merchants. Read more here.

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