Known

We had a great summer with our LAB interns onboard. Student athletes have been a fantastic talent pool for us. They come in every day with energy, attention to detail, and a team-first attitude. Thank you Lisa Rawlins for all you do with the LAB program - we can't wait to see what's next!

More shipping price hikes to come this year? Known’s planning and visibility solutions can help you stay ahead of the curve to ensure you’re not in a crunch for inventory when times like these arise. www.known.dev

As the initial shock from the situation in the Red Sea has subsided, the major news headlines have drifted away from the continued chaos. However, we're still experiencing ripple effects in the shipping industry, and insiders are anticipating more problems to come🚢 Maersk announced emergency measures to add capacity into its network, as ShippingWatch reports the typically stellar shipping line has seen its on-time port arrivals decline by over 16% since Q4 2023. As the Houthis creep their terror operation deeper into the Indian Ocean and potentially into the Mediterranean, we're sure to feel continued price pressure and shipping delays in an already tumultuous 2024. https://lnkd.in/g8DM85ze

If there’s one thing we can expect in our supply chains these days, it’s the unexpected. Today’s horrific news of the container ship allision in the Port of Baltimore has risen concerns in today’s mess of a logistics network. Delays, price hikes, and declining service can all be expected in the coming weeks. With diversions already occurring in the Suez Canal and now the Northeastern United States, the global shipping network is being thrown into a massive state of disarray. Our thoughts are with everyone affected by this tragedy! https://lnkd.in/gjDHy5jS

🌊 Tensions Rise in the South China Sea This past weekend, Chinese coast guard used water cannons against a Philippine navy-operated supply boat in a move to assert dominance in a disputed territory, the Second Thomas Shoal. This confrontation raises questions about freely and safely navigating the South China Sea, a vital route for global supply chains. The U.S. and several other countries have expressed support for the Philippines, but China is unwavering in its position, stating its actions were necessary to safeguard territorial sovereignty. With maritime traffic already being diverted from the Suez Canal in light of the Houthi conflict, how will this affect global trade in another one of the world's most important shipping trade lanes? 📢 We're interested in hearing your thoughts! #SouthChinaSea #GlobalShipping #InternationalTrade #MaritimeSecurity https://lnkd.in/g5zCxQJA

🚢 Navigating Current Market Dynamics 💼 In light of recent market shifts and TPM coming to a close, it's crucial for businesses to reassess their freight buying strategies. Let's dive into the current state of container shipping and uncover opportunities to optimize your logistics operations. 🔍 Market Insight: The seasonal dip in container spot rates from Asia to the US, following the Lunar New Year, reveals an underlying market strength. Platts reported Asia-to-West Coast spot rates at their lowest rate since mid-January, while remaining well above rates the same time last year. 📈 Growth Ahead: US retailers project an increase in imports from Asia in the upcoming quarters. This upward trend indicates a robust demand, despite the current spot rate reductions. 🌏 Global Dynamics: Recent route diversions due to security concerns in the Red Sea have led to longer transits and impacted global capacity. This adds a layer of complexity and risk to the current market situation, influencing contract negotiations. 🤝 Your Action Plan: With the May 1 deadline for most 2024–25 service contracts fast approaching, it's a pivotal time to revisit your freight strategy. As carriers and shippers navigate these changing tides, your approach to freight buying can make a significant impact on your bottom line. ✅ Let's Talk Strategy: At Known, we're here to guide you through these market fluctuations. Whether you're a large retailer or a mid-tier shipper, our expertise can help you secure optimal freight rates and service, adapting to the current supply-demand dynamics. 🔗 Connect With Us: Don't miss the opportunity to refine your strategy in this evolving market. Contact us to discuss how we can work together to optimize your logistics for success in 2024 and beyond. Visit www.known.dev to request a quote or schedule a time to talk to a shipping expert today! Read the full report from JOC here: https://lnkd.in/df3zhSK3

Brace for Impact: Skyrocketing Tariffs on the Horizon? 🌍💼 The global trade winds are shifting rapidly (again), and with the startling news of possibly tripling tariffs on Chinese imports, importers and consumers alike are gearing up for more supply chain shakeups. If the initial trade war tariff impositions on Chinese goods didn't cause your business enough damage, the newly proposed 60% tariffs are sure to completely change the game. Economic policy & geopolitical moves shouldn't bring your business to a halt, and your supply chain & sourcing strategy could just be your key to success. At Known, we’re not just watching the horizon – we’re crafting the map to navigate through these turbulent economic seas. Schedule a call with at the link below to see the Known difference: https://lnkd.in/g4xUPBe5 https://lnkd.in/g8xrNpGS

🌏 Navigating a Shifting Manufacturing Landscape: From China to India 🔄 In today's rapidly evolving global economy, businesses are increasingly seeking stability and agility in their supply chains. One significant trend we're observing is the strategic shift from Chinese to Indian manufacturing sources. This move is largely driven by the desire to mitigate perceived geopolitical risks that have emerged in recent times between the US and China. 🔍 Why India? India's growing manufacturing sector offers a compelling alternative, with its robust infrastructure, favorable government policies, and a skilled workforce. By diversifying into Indian markets, businesses can not only enhance their supply chain resilience but also tap into new opportunities and innovations. 🌐 The Role of Known in Your Supply Chain Strategy We understand the criticality of a resilient and agile supply chain in today's dynamic market. That's why we're here to guide you through this transition. Our Indian based team is perfectly positioned to help you identify, qualify, and onboard Indian manufacturers. 🤝 Ready to Diversify Your Supply Chain? Reach out to us today! Let's discuss how we can make your supply chain more resilient, agile, and ready for the future. www.known.dev

The impact of recent developments in the Red Sea is starting to ripple through the shipping industry. Maersk has announced they are already facing full bookings for the entire month of February from the port of Mundra in India. 📆 In light of this situation, it's crucial to plan ahead and take proactive measures to avoid major shipment delays. To ensure the smooth flow of your supply chain, we strongly recommend considering booking freight at least one month in advance from your shipment-ready date. 📦 Our PO management team can ensure a smooth handoff and minimize shipping delays as they work hand in hand with your suppliers and our logistics team. With Known, you can trust us to handle your international supply chain intricacies, so you can focus on what you do best - running your business. 🚢 As delays are likely to become even more pronounced, our team at Known is here to assist you with top-notch supply chain services and expert guidance to navigate these challenging times. Let's work together to keep your business moving forward without disruptions. 💼 Reach out to us today to discuss your supply chain needs and stay ahead of the curve! 🌐 #SupplyChain #Logistics #Shipping #RedSea #Maersk #SupplyChainServices #ProactivePlanning