Supply chains interrupted: How Singapore and the world deal with disruptions, Economy News & Top Stories

Retailers in S’pore vie to replenish festive stocks

With just three weeks to go before Christmas, retailers are running to replenish their stocks of festive items while battling the supply chain crisis.

While many are still sweating about whether their goods will arrive in time to reach the Christmas shoppers, some have learned from the disruptions of the Covid-19 pandemic last year and started stocking up their stocks early.

For the past 1 1/2 months, Mr. Daniel Chua of Ji Mei Flower has been anxiously following his deliveries of live Christmas trees from the United States.


Why it takes a bike 40 days to reach Singapore

The Straits Times reporters tracked a bicycle order from China to Singapore – before and after the global supply chain collapsed.


China’s manufacturing center hit by delivery delays

Logistics agent Lily Chen spends most of her working day wrestling for seats on cargo ships leaving China.

What used to take less than five minutes now takes up the majority of your working time after Covid-19 plunged shipping into chaos.

When the world came to a standstill during the pandemic last year, shipping companies reduced their freight routes.


Truckers in demand in the US, but there aren’t enough of them

If freight trains rumbling across the great American plains are the tendons of the supply chain in the world’s largest market, trucks are its lifeblood.

Typically, an estimated 3.5 million truckers driving 16- and 18-wheel giants make up America’s supply chain, a complex network of ports to warehouses to chain stores.

But trucking doesn’t pay enough to make up for long hours at the wheel in this vast country. Add in the Covid-19 pandemic, and the plethora of factors has resulted in a shortage of roughly 80,000 truck drivers – up from 61,000 in 2018, industry analysts say.


S’pore is prepared for weather disruption, but the global supply chain is an issue

Exports appear to have resisted the supply disruptions caused by the pandemic, but the ongoing stress on global supply chains can have full-line ramifications for a trade-dependent economy like Singapore.

Inflation is the immediate threat, of course, but Singapore faces another longer-term risk as Singapore mainly produces intermediate goods and components.

Should the global procurement networks for such inputs experience an unexpected and unfavorable reconfiguration, a painful economic adjustment could be necessary in the coming years.


About Christine Geisler

Check Also

Beyond Energy, 5 ETFs to launch this year – June 21, 2022

2022 has been the worst for the stock market in decades as the S&P 500 …