As part of our commitment to provide you with the most up-to-date and relevant information on the logistics industry, we share our Market Update on the Latin American market.
You will find information and interesting data on the update of the state of the ports, the most important transport routes and relevant news.
We hope you’ll find the following information helpful, as well as inspiring to boost your business and keep your cargo moving.
New technologies and innovations are part of the constantly changing world of logistics. The supply chain is constantly evolving from its production, transportation, and delivery, and getting help from digital tools has helped in being more efficient and reducing any malfunction or error. On this topic of the month, we will explain what it means to digitalize your supply chain, its benefits, the impacts of visibility, the changes and challenges, and the importance of partnering with the logistic provider that is investing in digitalization to give you the visibility you need.
Topic of the month
The supply chain is every time more digitalized, and that means that the different stakeholders, phases, or steps of the logistics are incorporating digital technologies and different solutions to optimize and be more efficient from its production to its customers.
Digitalization can include the use of advanced analytics, artificial intelligence, automation, visibility, and digitalized tools to improve efficiency and transparency and allow the business to make decisions at the right moment and foresee how the market or the production has been behaving to be prepared for what is coming.
What does it mean to digitalize your supply chain?
It is also called supply chain transformation and it is the process of changing an analog process into a digital one by establishing master data to add information on the entire supply chain, including external information, historical data, rates, trends, etc. By adopting technologies and solutions, you can transform the management of your supply chain. By using different tools, you are not only being more efficient but also have better responsiveness, reduce costs, meet your customers’ satisfaction, and center your efforts on the core of your business as it allows you more time to focus on other areas.
Benefits of digitalizing your supply chain and impacts on visibility
Every day, digitalization is -more involved in our daily life, and the logistics world is not an exception.
Here are five benefits that you will get by digitalizing your supply chain that will provide visibility to be able to prepare and prevent any inconvenience.
Working together with external manufacturing, packaging, and transportation providers helps have visibility and bring your products to the market quickly and with cost-effectiveness. Real-time data provides information in order to make decisions and be prepared with inventory, production, and build strategies to have your product at the right time for the consumers to buy it.
Collaboration is key for the supply chain, as many stakeholders are involved, and breaking down the data for easy tracking is important so you can have visibility of each step and topic. This allows you to complement the information to have better visibility of your logistics. It also enables communication across your supply chain by creating a real-time source of information.
Spreadsheets, phone calls, and e-mail lines are hard to keep up with, as they need a manual process, and this reduces the level of responsiveness and agility in the ever-changing world of logistics. Having the information standardized gives each stakeholder the same visibility of the information to work aligned to have better responsiveness.
Every time, consumers are stricter on the delivery of their orders, meaning less tolerance to have mistakes. Logistics decisions have to be activated from one second to the other, so being digitalized can provide you the information to make changes to reduce delays on your customers’ orders or on your providers’ materials.
By being digitalized, you reduce human error, and by having the right data and visibility, you can prepare to make decisions from one moment to the other. It ensures accurate tracking of each stage of the supply chain. In this world, agility is vital. Having the information can help you be more efficient by preparing stock for your product to be produced or by having visibility on transportation times to give some examples.
Possible challenges when digitalizing your supply chain
As they are big changes, there can also be challenges in the implementation of digitalization on your supply chain; some positive challenges that you might face are increased sales, greater efficiency, better flexibility, enhanced customer experience, and higher satisfaction.
The digitalized world will face you to improve your processes and review the current structure of your business, and even evaluate new business opportunities. This transformation comes along with having to make some changes and shifts to the current process, which requires flexibility to do so.
All these benefits and challenges will only be a success if you have the right logistic provider and partner up to work together to have the right flow of your supply chain. Today not many providers can offer truly integrated logistics solutions. On this link, you can find out more about how Maersk is working on digitalization.
Ocean updates
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Main port status
We anticipate generally stable waiting times for ports in North and Latin America. However, there are a few exceptions: we predict waiting times of 24 hours at Paranagua and Itapoa due to lineup congestions, and a waiting time of 2 days at Oakland. For all other terminals, we don’t expect the waiting time to exceed 1 day.
In Australia and New Zealand, waiting times vary depending on the port and vessel arrival time, with most ports having waiting times of 0-1 day.
The waiting times at the Asian ports vary, with Busan new terminal having an average waiting time of 2.5 days, Ningbo Beilun Container Terminal Phase 4 having an average waiting time of 1.5 days, and the other ports having an average waiting time of 0.5-1 day or less.
In South Europe it is noted that Italian terminals will be affected by a 24-hour General UBS strike on May 26th, and the impact of the strike is yet to be monitored.
In North Europe currently, there are no major disruptions or significant waiting times reported for ports.
Port Status
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(*) – cargo connections can be impacted considering the delays reported
Landside updates
Central America, Andina and the Caribbean Sea Area
Dominican Republic: We are launching the new service of Verified Gross Mass (VGM) at Dominican Republic please feel free to contact with execution team in order to coordinate it.
Central America Crossborder: We transport dry cargo in full truck loads on the routes Mexico to Central America, from Central America to Mexico and Intra-Central America.
Air updates
Central America, Andina and the Caribbean Sea Area
Inbound capacity is sufficient, rates have decreased, and higher PAX – Passenger frequencies is evidenced due to increased flight demand. Outbound rates are increasing due to perishables and flower seasons as cargo volumes are larger vs. previous months. Jet fuel prices remain high; an economic slowdown may decrease fuel prices as consumption is lower.
Highlights
Five trends in consumer technology products and their impact on supply chains
When talking about consumer technology products, we inevitably must look at technology life cycles – a model that describes the different stages that any new technology goes through, from its initial development and growth to maturity and eventual decline. Along this path, new trends continuously emerge and reshape those life cycles and consequently, their supply chains. In the following piece, we’ve analysed five trends in consumer technology products and how they are reshaping supply chains.
Learn more from the global Maersk team
Learn what’s happening in our regions by reading our Market Updates by region.
Europe
North America
Asia Pacific
Be sure to visit our “Insights” pages where we explore the latest trends in supply chain digitization, sustainability, growth, resilience, and integrated logistics.
