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Friday, 2 September 2016
quote [ The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether hundreds of tonnes of goods being carried by the South Korean company will reach shelves. ]
It is an event like this that underscores how fragile the global economy really is. The cumulative effects of this, if it is not seen to quickly are an immediate rise in shipping fees and layoffs in manufacturing and retailing across the globe. Oh....and sparse shelves come Christmas....
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Morris Forgot his Password said @ 4:43pm GMT on 2nd September
It is more complicated than that. The supply chain is more than ocean shipping. It is a plant in mexico waiting for materials so that their product can be shipped to Alabama to be finished, then shipped overseas to Europe to market.
And just to make it a little more fun, the is something that all seaports have, finite capacity. The over half million containers in Hanjin's possession or that have already been offloaded and will not be moved until direction from the receiver has been given. These containers sitting in ports around the world are taking up space that another carrier could use, but can't so while the failure of one company will not collapse others, the supply chain is still in jeopardy and in the extreme, could face a temporary paralysis.
Morris Forgot his Password said @ 4:45pm GMT on 2nd September
It is more complicated than that. The supply chain is more than ocean shipping. It is a plant in mexico waiting for materials so that their product can be shipped to Alabama to be finished, then shipped overseas to Europe to market.
And just to make it a little more fun, there is something that all seaports have, finite capacity. The over half million containers in Hanjin's possession or that have already been offloaded and will not be moved until direction from the receiver has been given. These containers sitting in ports around the world are taking up space that another carrier could use, but can't so while the failure of one company will not collapse others, the supply chain is still in jeopardy and in the extreme, could face a temporary paralysis.
<-- Entry / Current Comment
Morris Forgot his Password said @ 4:43pm GMT on 2nd September [Score:2]
It is more complicated than that. The supply chain is more than ocean shipping. It is a plant in mexico waiting for materials so that their product can be shipped to Alabama to be finished, then shipped overseas to Europe to market.
And just to make it a little more fun, there is something that all seaports have, finite capacity. The over half million containers in Hanjin's possession or that have already been offloaded and will not be moved until direction from the receiver has been given. These containers sitting in ports around the world are taking up space that another carrier could use, but can't so while the failure of one company will not collapse others, the supply chain is still in jeopardy and in the extreme, could face a temporary paralysis.
