U.S. footwear import data have revealed the extent of the shift in sourcing that last year saw manufacturers steadily expanding production in Vietnam at the direct expense of China’s market share.
12 Dec 2014
For the sixth week in a row, JOC.com’s top stories center around continuing congestion at U.S. West Coast ports. But while eight of the top 10 stories centered on labor strife and delays, two other stories garnered attention: the massive, $1.1 trillion cromnibus spending bill in the U.S., and the factory shift from China to Vietnam.
09 Dec 2014
Almost half the container vessels arriving at the Asian ports of Ho Chi Minh City, Manila and Nhava Sheva between Oct. 15 and Nov. 15 were delayed more than 12 hours, and one third of the arriving ships faced delays of more than 24 hours, CargoSmart has found.
09 Dec 2014
Vietnam’s increasing role in the final assembly of products was evident in the October trade figures that showed Chinese exports to Vietnam soaring 52.6 percent year-over-year to $61 billion.
30 Nov 2014
Manufacturing of labor intensive products has been migrating away from China in the past few years, much of it to neighbouring Vietnam, but that process appears to be speeding up, according to the latest reading of the HSBC purchasing manager’s index.
18 Nov 2014
Yusen Logistics has opened a new warehouse in Vietnam’s Hai Phong City to tap growing electronics and auto manufacturing production in the country’s northern region.
05 Nov 2014
DHL has launched a new intra-Asia freighter flight connecting the economies of Thailand, Vietnam, and Hong Kong as the global express services provider responds to increasing business within Southeast Asia.
29 Oct 2014
Chinese package delivery company S.F. Express was the fastest-growing global transportation company in 2013, increasing revenue 40.6 percent in a year when the 50 largest transport operators saw revenue go flat.
23 Oct 2014
Footwear importers last year paid $2.5 billion in duties, which are meant at least in part to protect domestic producers from low-cost imports, but in reality footwear accounts for a tiny percentage of U.S. jobs.
21 Oct 2014
The nature of footwear sourcing is such that it raises red flags at the U.S. Customs and Border Protection, so importers should make commercial compliance an integral part of their business plan, an industry consultant said Monday.
19 Oct 2014
Severe port congestion at the Philippines’ port of Manila in recent months resulted in average vessel delays of more than five days, according to a recent report from CargoSmart.