Though our industry has been plagued by challenges over the past year, the need to evolve, respond swiftly, and stay informed remains the same. We here at TOC Logistics International, Inc. strive to be a voice of calm in somewhat chaotic waters.
Let’s start by taking a look at a few highlights from this past month in logistics news that may offer a bit of a light at the end of the tunnel.
Congestion at ports all along the West Coast remains a massive problem, particularly in Los Angeles, Long Beach and San Pedro Bay. Still, there may be some promising news on the way. Experts predict a potential shift in port bottlenecks over the next few months, with the situation possibly improving or returning to something closer to normal towards the end of Q2 or early Q3.
Manufacturing shutdowns, massive demands on e-commerce and a lack of additional resources due to safety concerns or cost may affect the U.S. supply of several key goods this summer.
Doubled shipping times, crowded ports, and expensive container rates have made for added delays that may further clog supply chains. Transportation Secretary Buttigieg has been called upon to weigh in on this issue, as well as the overall delay and congestion concerns at hand.
The rapid expansion of e-commerce retail sales from 2020 to present has put enormous strain on logistics in many ways. One of the biggest factors has been the exponential demand for e-commerce real estate, which often utilizes over three times as much storage as brick-and-mortar retailers.
It is difficult to anticipate exactly how spending habits will adjust, as further vaccine rollouts may promote increased spending on entertainment and travel. Some analysts predict that consumer spending accelerated by the recent stimulus will continue to buoy logistics demands throughout the rest of the year.
Need help navigating your specific logistics needs, from increasing efficiencies to shipping cargo, and more? We work with our customers to create compelling, individualized solutions. Contact us today to learn more about how we can help, and be sure to check out our Market Advisories for the latest in industry news.