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.
July ’22 Update on the Logistics situation in the USA (Feat. Marshall Taplits)
How to keep your supplier’s costs under control? - Sourcing from China (Part 9)
How To Comply With The EU Ecodesign Regulation? (Part 2. Feat. Clive Greenwood)
How to Reduce The Risk Of Unauthorized Subcontracting?
The One ’MUST DO’ Before Mass Producing Your New Product (Feat. Andrew Amirnovin)
An Effective QA Program For New Electronic Products
BONUS: Renaud Tours India, June ’22. Is it a good China-alternative?
Increasing Visibility Over Your Supply Chain
6 Tips to Improve your Supplier’s Quality - Sourcing from China (Part 8)
How To Develop New Apparel (Feat. Belinda Jacobs from Techpacks.co)
Is It Time For North American Importers To Leave China? (Feat. Andrew Hupert)
Clarifying fabric quality requirements + Coping with US Tariffs on China-made goods + Handling volatile prices.
Levels of Quality Standards (from Basic to Advanced)
What Happens If You Decide To Leave Your Chinese Supplier?
How to develop your Chinese suppliers? - Sourcing from China (Part 7)
How To Set Up A Receiving Quality Inspection?
100th episode special: YOUR manufacturing questions answered!
’Design for X’ Overview: 12 Optimizations for New Products (Feat. Andrew Amirnovin)
‘Hands-On’ Or ‘Hands-Off’ Buyer? - Sourcing from China (Part 6)
BONUS: Covid Lockdowns Intensify Across China
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