Port of LA October volume lowest monthly level in over a decade
Good morning! If you noticed, we’re sorry about missing yesterday. The explanation includes a red-eye airplane… but we won’t get too much into that.
“Money is like gasoline during a road trip. You don’t want to run out of gas on your trip, but you’re not doing a tour of gas stations.” — Tim O’Reilly, founder, and CEO of O’Reilly Media
After 25 months of record-breaking imports fueled by the pandemic, the Port of Los Angeles is now facing double-digit declining imports. October numbers are down 25% from 2021 at 678,429 TEUs.
Check out today’s featured article from G Captain to read about the Port of Los Angeles’ October numbers - the lowest number of imports since 2009. ☕️
Featured Article:
October Imports at Port of Los Angeles Plunge to Lowest Level Since 2009 | G Captain
“Imports through the Port of Los Angeles crashed by nearly a third in October to the lowest monthly level in more than a decade.”
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Big Money GIF By ANTIQUES ROADSHOW | PBS via GIPHY
📟 The CHIPS and Science Act was signed into law by President Joe Biden in August 2022. The goal of the legislation was to bring semiconductor sourcing and manufacturing to America. Chip manufacturers can now begin seeking tax breaks in 2023 and states such as Ohio, New York, and Arizona is focusing on building semiconductor factories. Global supply chains will begin to shorten and sourcing patterns are likely to change.
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Ramp up that brain power for these advanced topics…
🧐 Supply chain disruptions and uncertainty have made the goal of maintaining visibility into ever-changing customer demand a priority. In this podcast episode “The Reinvention of Sales and Operations Planning”, Supply Chain Brain tackles the whole concept of sales and operations planning (S&OP) as it was developed in the 1980s. Lachelle Buchanan, vice president of product marketing with Logility explains how S&OP can be adapted.
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