The British Fashion Council, who seek to strengthen British fashion in the global fashion economy, believe that a no-deal Brexit would cost the UK fashion industry between £850 and £900 million because of tariffs, and other expenses, based on 2018 export figures.
As the October Brexit deadline looms closer, the prospect of disruption to freight flows is quickly becoming a reality, which means it is critical that you prepare your supply chain for a no-deal departure.
The sea freight bunker fuel operation will change significantly when the IMO’s global 0.5% fuel sulphur content cap is enforced from 2020, with shipping lines looking to pass on the additional costs.
Attracting 64,000 visitors from 125 countries Munich’s Transport Logistic is one of the industry’s biggest events, so when shippers and forwarders express concerns over the increasing decline in container carriers the press take notice.
Last week’s suspension of flights by India’s Jet airways followed a lengthy deterioration of services and increasingly optimistic public statements, which has caught many shippers out, with consignments stranded at airports and cargo facilities around the world.
Short-sea services can offer cost savings of up to 50%, for those willing to accept much longer transit times. But is transferring short-sea volumes to containers a way of avoiding any future Dover congestion, or is just making a bigger problem elsewhere.
Asia-Europe volumes may have fluctuated in the 1st quarter of 2019, but it doesn’t hide the fact that growth has been slowing and with 460,000 TEU of ultra-large container vessels scheduled for delivery this year, capacity is going to massively outstrip demand in 2019.