Welcome to our special 200th episode of China Manufacturing Decoded, a podcast by Sofeast Group, where we discuss global manufacturing topics to help you decode and navigate the supply chain world.
In this episode, we discuss the impact of the Houthi Yemeni rebels' attacks on shipping in the Red Sea, and how it may affect your shipping costs and other issues you might face. We're joined by our very own Kate Oliynykova, Head of Supply Chain Management at Sofeast Group, who shares her insights on the current political events and their potential ripple effects on importers. Listen in as we unravel the complexity of this issue.
The Red Sea route accounts for 12% of global trade, including 30% of the container traffic passing through the Suez Canal. Any disruption in this route affects not only oil and gas prices but also the availability and cost of a broad range of goods. The current attacks have caused a direct increase in ship insurance costs, prompting bigger shipping companies to opt for alternative routes around the Cape of Good Hope. This, in turn, not only escalates transportation costs but also significantly extends delivery times.
In this scenario, we advise importers to diversify their supply chain, considering options like rail or truck deliveries, or partial shipments with air freight.
What are the repercussions if the situation is prolonged? How can importers better prepare for these unforeseen circumstances? Tune in to this episode of China Manufacturing Decoded as we discuss the critical aspects of this multinational issue. Remember, the Sofeast Group offers an in-house logistics department to help formulate a tailored solution that meets your needs most cost-effectively, given the present situation.
Quality Management Challenges in China (Feat. Clive Greenwood)
Secrets of Implementing Design for Reliability (Feat. Andrew Amirnovin)
BONUS: China Opens Its Borders To ALL Travellers (March 15th 2023)
ISO 37301 - From Quality Management To Compliance Management (Feat. Clive Greenwood & Sean Li)
Why are assembly fixtures important for productivity & quality?
Do you have Recurring Quality Issues from your Supplier? [6 tips]
ISTA Package Testing: Do It BEFORE You Ship Your Product (Feat. Andrew Amirnovin)
BONUS: Why You Need HS & HTS Codes When Importing Products
Should You Patent Your New Hardware Product?
11 Points to Check when Sourcing a Contract Manufacturer in China
The 7 Key Material/Component/Product Tests YOU are most likely to Benefit from (Feat. Paul Adams)
BONUS: UL Compliance. Does YOUR product need a UL certification?
How Apple Built a Succesful Chinese Supply Chain, and are they TOO Reliant on China?
Live from Las Vegas! CES 2023 thoughts.
The State of Logistics from China in 2023 (Feat. Kate Oliynykova)
NY Special: Sofeast Review of 2022’s Top Stories for Importers
Protecting IP and your Business when Manufacturing in China, Vietnam, India, etc.
BONUS: China Opening Up after Covid Zero, What Is Going To Happen? (Feat. Clive Greenwood & Ben King)
Tips for Reducing QC Inspection Costs
”Enterprise China” book - China’s Strategy for Economic Success | Interview with authors Dr. Allen J. Morrison & Dr. J. Stewart Black
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