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.
Topic of the Month: Managing Complexity In The Supply Chain
The importance of having an efficient supply chain process.
In today's interconnected and dynamic landscape of global markets, managing complexity has become important for businesses striving to thrive and remain competitive. Having an efficient supply chain is crucial to serving customers, having raw materials, and delivering finished products at the right time and in the right place is the differentiator. As businesses navigate the complexities of a rapidly evolving market, the ability to streamline and optimize their supply chain processes emerges as a strategic imperative. An efficient supply chain not only propels operational excellence but also serves as a catalyst for enhanced customer satisfaction and sustained competitiveness. Nowadays, organizations recognize and prioritize the importance of an effective supply chain, not only to sort the challenges of complexity but also to secure its potential for innovation and growth. In this topic of the month, we explore how organizations can enhance operational resilience and some strategies to surpass these challenges.
What supply chain complexity is:
A condition of interconnectedness and interdependencies between networks, activities, or entities; when one element is modified, it is a domino effect and affects other elements. A dynamic system where every node plays an important role in the overall functionality. The concept also covers different activities related to identifying, measuring, analyzing, and controlling complexities. As organizations battle with the multi-faceted landscape, understanding and effectively managing the different dimensions become imperative for navigating complexities in supply chain operations.
By understanding the complexity it stems from numerous factors like:
- Product Proliferation, offering a wide range of products adds variety but also increases the number of components and suppliers to manage.
- Globalized operations: working across continents means dealing with different regulations, cultural distinctions, and geopolitical risks, for example.
- Dynamic Regulations: different and ever-changing compliance requirements are one more layer of complexity, demanding constant adaptation.
Benefits of managing complexity in the supply chain:
By effectively managing complexity in the supply chain, businesses can have a lot of benefits. Some of them are:
- Resilience: by understanding and addressing the interconnections and dependencies within the supply chain, organizations can better prepare for and mitigate disruptions, ensuring continuity.
- Cost optimization: managing a complex web of suppliers, logistics, and regulations drives up unnecessary operational expenses. Customer satisfaction: organizations can respond more rapidly to changing demands and deliver products with greater reliability.
Overall, the benefits extend further than operational efficiency to encompass a holistic and proactive approach that fosters sustainability and success in the global commerce that is in constant change.
Strategies for Managing Complexity:
There are several strategies that organizations can employ to minimize the financial and organizational impact of supply chain complexity, ensuring a smooth and competitive operation. Here are five strategies to navigate the complexities of the supply chain and a road to a successful future in the competitive and ever-changing market.
- Introduce Automation: a lot of challenges in supply chain management lie in automation. In this technological era, solutions such as artificial intelligence or interconnected platforms are making their mark in every industry, from manufacturing to warehousing and shipping. By implementing automated systems, you streamline processes, save time, and enhance overall efficiency.
- Standardize Processes: the integration of standard operating procedures across departments is a game-changer; it eliminates redundant tasks, simplifies the supply chain, and improves efficiency. This is crucial when expanding in the global marketplace, where maintaining productivity and efficiency in every market is essential for staying competitive and even opening operations to new markets.
- Optimize Finances: its structure and processes are important for navigating supply chain complexity; by utilizing smart supply chain finance, you can ensure constant cash and sustained operations. Monitoring accounting processes through intelligent supply chain software facilitates effective management of the financial infrastructure, preventing stalls and allowing businesses to capitalize on trading opportunities.
- Data Analysis: you can leverage data to make better decisions. Artificial intelligence-driven solutions can help you generate actionable reports, expediting tasks that traditionally consumed significant time. Enables businesses to minimize waste, allocate resources efficiently, and make informed decisions. Using data-driven insights is useful in perfecting the supply chain and adapting to evolving market dynamics.
- Visibility of inventory: nowadays, it is crucial to have real-time inventory and full visibility of it. Keeping track of inventory levels in real-time ensures adaptability and growth alongside partners efficiently and effectively.
In conclusion, as the modern consumer market changes and expands, the supply chain faces increased complexity. To stay competitive, businesses must streamline supply chain management using strategies to ensure and thrive in their future in the face of evolving challenges. In the end, simplification, visibility and transparency, agility and flexibility, and collaboration are crucial to embark on the world of managing complexity. By implementing these strategies, organizations can build a resilient and adaptable supply chain capable of thriving in today's dynamic business environment.
Embracing strategic solutions to manage the complexities of the supply chain not only fortifies businesses against disruption but also enhances their overall resilience and adaptability. The benefits of partnering up with someone who can help you introduce automation, standardize processes, optimize finance, and leverage data can be a game changer to have the product in the right place and even potentialize your customer experience. These foster a supply chain that is agile, responsive, and well-prepared for uncertainties in the dynamic market landscape. In these complex supply chain dynamics, the importance of choosing the right logistics partner cannot be overstated. A reliable logistic partner plays a pivotal role in navigating this complex world. You can read more about it here.
Ocean updates
| Trade lane | Comments |
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Trade lane
West Coast to Intra-Americas
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Comments
We are temporary cancelling the call in Oakland on our WCCA2 service, the reason behind is the waiting time from 5-9 days in Oakland, impacting the reliability of our service. We will keep offering Los Angeles and Hueneme as a good alternative for the US West Coast coverage.
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Trade lane
North America to Intra-Americas
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Comments
The new Bonita service now offers Port Everglades, FL, to Jamaica and Venezuela, with the most competitive transit times in the market.
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Trade lane
North America and Intra-America to East Coast of South America
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Comments
Due to ongoing civil works in Navegantes, we have decided to cease acceptance to this port. Itapoa and Paranagua ports can serve as alternative . The tango service is running smoothly. Bookings to Manaus have been resumed
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Trade lane
Intra-America to Caribbean
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Comments
The new Bonita service now offers weekly direct service from Cartagena, Colombia to Puerto Cortes, Honduras (2-day transit time) and Santo Tomas de Castilla, Guatemala (4-day transit time).
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Trade lane
Central America to North America
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Comments
Two weekly sailings now available from Central America to Port Everglades. With the new Bonita service, Maersk now offers Puerto Cortes, Honduras (4-day transit time) and Santo Tomas de Castilla, Guatemala (3-day transit time) to Port Everglades, FL
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Main port status
ECSA ports are facing severe congestion, causing significant delays.
CARPAC operations: we anticipate stable waiting times, except for Veracruz, which is experiencing weather-related issues.
NAM Facing some delays caused by winter and fog season in most of the ports
Europe looks stable. However, it is under close monitoring for possible port closures due to bad weather.
We anticipate reduced productivity congesting the ports in Asia due to Chinese New Year celebrations.
Port Status
| Less than 1 Day | 1-3 Days | 4 - 7 days | More than 7 days | |
|---|---|---|---|---|
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Latin America
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Less than 1 Day
CARPAC: Balboa, Manzanillo-PA, Rail NB (BLB TO MIT), Rail SB (MIT TO BLB), CCT, Cristobal, PSA Rodman, Cartagena, Canal, Buenaventura, Moin, Caldera, Big Creek, Turbo, Santa Marta, La Guaira, Puerto Cabello, Manzanillo,Mx, Lazaro Cardenas, Altamira, Progreso, ""Guayaquil/ Contecon"", ""Guayaquil/ TPG"", Puerto Bolivar, Posorja, Callao/ APMT, Callao/ DPW, Paita, Pisco, Arica, Iquique - ITI, Mejillones-PAG, Antofagasta-ATI, Coquimbo-TPC, Valparaiso-TPS, San Antonio - STI, San Vicente - SVTI ECSA: Santos 01, Salvador, Buenos Aires, Montevideo, Manaus, Suape, Pecem, Rio Janeiro, Imbituba, Sepetiba, Itajai, Rio Grande, Zarate, Rosario, Mar del plata, S Antonio Este, P Madryn, P Deseado, Vitoria, VILA DO CONDE |
1-3 Days
CARPAC: Veracruz ECSA: Santos BTP, Paranagua, Itapoa, Bahia Blanca, Ushuaia |
4 - 7 days
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More than 7 days
ECSA: Navegantes
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Rest of World
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Less than 1 Day
NAM: Charleston, Houston, Seatlle |
1-3 Days
NAM: Prince Rupert, Newark, Freeport, Miami, New Orleans, Mobile |
4 - 7 days
NAM: Oakland
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More than 7 days
NAM: Vancouver
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(*) - cargo connections can be impacted considering the delays reported
Highlights
Maersk partners with PUMA for first semi-automated omnichannel fulfilment distribution centre in Chile
(Maersk) partners with Global Key Partner PUMA to operate the first semi-automated omnichannel fulfilment distribution centre in Santiago de Chile. The warehouse and distribution solution will provide PUMA with end-to-end visibility from its factories in Asia Pacific region to its distribution centre in Chile, including middle mile.
Latin America’s consumers want eco-friendly electronics
Making the switch to eco-friendly products is not just good for the environment. It makes business sense, too.
As consumer sentiment in Latin America rises in favor of sustainable products, manufacturers and traders of electronics have also been trying to go greener. To meet demand, many businesses now sell recycled electronics and energy-efficient gadgets.
5 key points to transform your logistics in Latin America
What do Latin American businesses like yours stand to gain from connected supply chains? Can they support your growth plans? Can they be a gamechanger and a force-multiplier in the region’s unique logistics space?
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.
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