Our Week 20 Top Logistics Stories
It’s week 20 and here are three stories you should be updating your customers and prospects on this week. They need your expertise!
Shippers may not be aware of what’s occurring or its importance, so offering your assistance and insights will help you build a stronger relationship with them.
Knowing what’s going on in the market is only half the battle. Your customers need to be told what to do about it and they should hear that from you.
1. The tariff war is heading in a positive direction. The US and China have agreed to reduce significantly, although not eliminate, the reciprocal tariffs they both added for 90 days. The next three months will present an opportunity for companies to restart their supply chains in a lower-cost environment than before. Hopefully, this will lead to a permanent reduction or elimination of tariffs.
2. Next, with a supply chain restart coming, companies should expect headaches. Bringing manufacturing back online is not just flipping a light switch in factories. And there will undoubtedly be a rush for vessel space and crowding at ports in the short term. Ocean and air rates will also likely see a bump up. Helping clients work through this busy time will be important.
3. Another positive for supply chains in the US is that the national average price per gallon of diesel gasoline declined for the sixth consecutive week, according to data issued today by the Department of Energy’s Energy Information Administration (EIA). On an annual basis, the national average is down 37.2 cents, below the 39.7-cent annual decrease, for the week of May 12.
Of course, these stories are just a small part of what’s going on in the supply chain space right now. Updating your clients on how this and other information is relevant to their business is a way to provide more value and strengthen your relationships.
If you need help creating more complete and customized updates for emails, blogs, and social media, we can help. Visit www.shippingbrief.com to learn more.