Retailers in S’pore race to replenish festive shares
With simply three weeks to go till Christmas, retailers are racing to replenish their shares of festive objects and combating the provision chain crunch to take action.
Whereas many are nonetheless sweating over whether or not their merchandise will arrive in time to catch vacation customers, some have learnt from final yr’s Covid-19 pandemic disruptions and began stocking their inventories early.
For the previous 11/2 months, Mr Daniel Chua of Ji Mei Flower has been anxiously monitoring his shipments of reside Christmas timber from the USA.
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Why a bicycle takes 40 days to succeed in Singapore
The Straits Instances reporters tracked a bicycle order from China to Singapore – earlier than and after – world provide chains broke down.
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China’s manufacturing hub hit by delivery delays
Logistics agent Lily Chen now spends most of her work day wrangling for spots on cargo ships leaving China.
What used to take lower than 5 minutes now occupies most of her working hours, after Covid-19 threw the delivery trade into chaos.
When the world shut down through the pandemic final yr, delivery corporations reduce down on cargo routes.
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Truckers in demand in US, however there aren’t sufficient of them
If freight trains rumbling throughout the good American plains are the sinews of the provision chain within the largest market on the planet, then vehicles are its life blood.
Usually, an estimated 3.5 million truckers driving 16- and 18-wheel behemoths sew collectively America’s provide chain, a posh internet from ports to warehouses to chain shops.
However trucking doesn’t pay sufficient to compensate for the lengthy hours on the wheel throughout this huge nation. Add the Covid-19 pandemic to the combination, and the plethora of things has contributed to a scarcity of roughly 80,000 truck drivers – up from 61,000 in 2018 – trade analysts say.
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S’pore set to climate disruptions however world provide chain reset a priority
Exports appear to have defied provide disruptions stemming from the pandemic however persistent stress on world provide chains might have ramifications down the road for a trade-dependent economic system like Singapore.
Inflation is the instant menace, after all, however one other longer-term threat looms for Singapore, provided that it’s primarily a producer of intermediate items and parts.
If the worldwide sourcing networks for such inputs bear an sudden and unfavourable reconfiguration, there could also be a painful financial adjustment wanted right here in coming years.
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