Import/Export Industry Notifications

The food supply chain in the US seems to be at stake as the major meat suppliers warn about limited supply in the wake of the COVID-19 pandemic. The facilities have closed temporarily due to a wide outbreak of the pandemic. The USDA had been criticized as millions of pounds of food rot while the country’s food banks deplete due to increased demands.

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More than 500 garment factories in Bangladesh supplying to global brands reopened after a month-long shutdown. Clothing manufacturers in Dhaka and the port city of Chittagong have been permitted to resume work by following strict measures. Wearing masks, washing hands at the entrance, undergo temperature checks, and physical distancing are some of them.

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The vehicle manufacturers restart production in Europe after shutdowns caused by the Covid-19 pandemic. However, the outbound logistics sector could hamper distribution and sales. In markets with lockdowns, car sales have come to a virtual standstill. New vehicle sales have dropped around 70% in Spain and France, and 85% in Italy.

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According to a survey, 79% of today’s supply chain leaders worry about recruiting people able to handle the increasing pace of change within the industry. While CSCOs have always been critical to a company’s success, recent world events underscore the need for strategic and adaptable supply chain leaders.

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One of the biggest concerns for the trucking industry for the remainder of 2020 is the shrinking number of drivers in the sector. While the driver shortage is nothing new, it is increasingly getting worse and making a greater impact on delivery and supply chains.

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The COVID-19 outbreak is adversely affecting the domestic logistics sector, especially road transportation. The immediate impact on the logistic sector has been a sharp fall in freight availability. This is due to restrictions on the production of non-essential goods and shortage of fleet for movement of goods owing to the shortage of drivers and increased truck rentals

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West Asian nations led by Iran have also placed orders for basmati rice, but traders are likely to miss the crucial Ramzan period as it takes 40-45 days to ship the consignments. Iran, China and Russia have placed fresh orders for Indian black tea during the COVID-19 outbreak, a boost for the domestic industry which has incurred losses of about 100 million kg of teas owing to the lockdown.

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With oil prices dropping to less than $20 per barrel, ocean carriers are under pressure to cancel their bunker surcharges and imply negative bunker adjustment factors (BAFs). But the shippers complain that the lines are still charging BAFs – and IMO 2020 low-sulphur surcharges.

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The commerce ministry reduced the import quota for green peas to 75,000 tonnes for 2020-21 and has laid down a procedure for its inbound shipments. According to the DGFT, there is no quota for import of yellow peas for the current fiscal. It said the import would be allowed only to the millers/refiners.

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