- Although freight rates declined by almost 2% in July, that doesn’t mean that supply chain issues are fixed. Tiffanie Stanard, founder and CEO of Stimulus, shared in an interview with Inc. that “There are still delays and high rates due to port congestion, especially on the East Coast”. Stanard states that the “adoption of technology that can provide port visibility, such as those that better track drop-offs and pick-ups, will help the issue, but supply chain difficulties will continue to affect businesses”.
Source: Inc. Read the full article here.
- Are we in a golden era of fast food? Wingstop president and CEO Michael Skipworth thinks so. Skipworth shared in an interview with QSR Magazine that “With the momentum that we’re experiencing at Wingstop, I would agree that we’re in a golden era of fast food that isn’t slowing” he adds further his brand is “primed for long-term success” which is due to a strong digital and delivery strategy that they have developed.
Source: QSR Magazine. Read the full article here.
- The heatwave in China has completely shut down key manufacturing which has resulted in the growing excess of European imports to go into early 2023. Andreas Braun, Europe, Middle East, and Africa ocean product director of Crane Worldwide Logistics, shared in an interview that “If no compromise will be made, we can expect further strikes which will, even more, worsen the already stressed situation in the Northern Ports”. This is causing a major strain during peak season.
Source: CNBC. Read the full article here.