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Brazilian Insecticide Imports Shoot Up to $1.5B

insecticides

Brazilian Insecticide Imports Shoot Up to $1.5B

IndexBox has just published a new report: ‘Brazil – Insecticides – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Insecticide imports into Brazil increased by +25% y-o-y to 99K tonnes. In value terms, they reached nearly $1.5B. Brazil remains the world’s largest importer of insecticides, accounting for 9% of global import volume. Argentina, India and China supplied approximately 72% of the total insecticide volume imported into Brazil. China featured the highest increase in the volume of supplies to the country. In 2020, the average insecticide import price fell by -13.4% y-o-y to $15,161 per tonne. 

Insecticide Imports into Brazil

In 2020, insecticide imports into Brazil skyrocketed to 99K tonnes, rising by +25% against 2019. In value terms, insecticide imports expanded sharply by +8.1% y-o-y to $1.5B (IndexBox estimates) in 2020. Brazil remains the world’s largest importer of insecticides, accounting for 9% of global import volume.

Argentina (35K tonnes), India (21K tonnes) and China (15K tonnes) were the main suppliers of insecticide imports to Brazil, together comprising 72% of total imports.

In 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+37.5% y-o-y). Brazilian purchases from Argentina and India rose by +9.3% y-o-y and +11.3% y-o-y, respectively.

In value terms, the U.S. ($510M), India ($321M) and Israel ($184M) were the largest insecticide suppliers to Brazil, with a combined 68% share of total imports. China, Singapore and Argentina lagged somewhat behind, together accounting for a further 25%.

In 2020, the average insecticide import price in Brazil amounted to $15,161 per tonne, waning by -13.4% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Singapore ($80,331 per tonne), while the price for Argentina ($2,582 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

fish

European Imports of Dried or Smoked Fish Dwindle

IndexBox has just published a new report: ‘EU – Dried Or Smoked Fish – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

European imports of dried or smoked fish reduced by 5% y-o-y to 338K tonnes in 2020, continuing its downward trend over the past three years. In value terms, imports declined to $3.3B. Germany, Portugal, Italy, Sweden, Spain and France constitute the largest importers of dried or smoked fish in the EU, accounting for 83% of the total figure. Spain, France, Portugal and Italy saw significant drops in purchases from abroad last year, while Germany, Sweden and Denmark managed to boost their imports. The dried or smoked fish import price in the EU declined by -2.3% against the previous year.

European Imports of Dried or Smoked Fish by Country

For the fourth consecutive year, the EU recorded a decline in purchases abroad of dried or smoked fish, which decreased by -4.9% y-o-y to 338K tonnes in 2020. In value terms, dried or smoked fish imports declined to $3.3B (IndexBox estimates) in 2020.

Germany (76K tonnes), Portugal (56K tonnes), Italy (46K tonnes), Sweden (44K tonnes), Spain (30K tonnes) and France (28K tonnes) represented roughly 83% of total imports of dried or smoked fish in 2020. Denmark (12K tonnes) followed a long way behind the leaders.

Last year, Spain (-18% y-o-y), France (-11% y-o-y), Portugal (-10% y-o-y) and Italy (-2% y-o-y) experienced the most prominent drops in import in physical terms. By contrast, Germany (+0.4% y-o-y), Sweden (+3% y-o-y) and Denmark (+3% y-o-y) slightly increased the volume of purchases.

In value terms, the largest dried or smoked fish importing markets in the EU were Germany ($986M), Italy ($528M) and Portugal ($424M), with a combined 59% share of total imports.

The dried or smoked fish import price in the EU stood at $9,712 per tonne in 2020, declining by -2.3% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Germany ($12,969 per tonne), while Spain ($7,052 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

ports

POWER ’EM UP: LADIES AND GERMS, AMERICA’S TOP 50 POWER PORTS

Trade in and out of the United States would not be possible without sea and river port infrastructure spread across the length and breadth of the country. Using the latest available figures from the Bureau of Transportation Statistics, we present the top 50 American power ports based on total tonnage of trade processed in 2019. 


1. Houston, TX

Total tons: 284.9 million 

Located within easy reach of the Gulf of Mexico, the Port of Houston is one of the world’s largest ports, ranking sixth globally for total container TEUs. It is a huge complex made up of public and private facilities that stretches over 50 miles.  

2. South Louisiana, LA

Total tons: 233 million

Spanning 54 miles along the Mississippi River, the Port of South Louisiana is located in America’s leading grain exporting district. Port companies’ activities support more than 30,000 jobs, which represents 63% of all jobs in the River Region.

3. New York, NY and NJ

Total tons: 136.6 million 

The Port of New York and New Jersey is the busiest container port on the East Coast of the United States. Such is the strategic importance of its location, around a third of all US GDP is produced within 250 miles of the site. 

4. Corpus Christi, TX

Total tons: 111.2 million

In operation since 1926, the Port of Corpus Christi has become known as the Energy Port of the Americas, serving as the country’s second largest exporter of crude oil. It boasts a 36-mile, 47-foot-deep channel and is strategically located next to some of Texas’s largest highways. 

5. Beaumont, TX

Total tons: 101.1 million

Another Texan port, Beaumont is a well-developed facility that handles a range of cargoes, including bulk grain, aggregate, liquid petroleum, forest products, military equipment cargo, metals, and more. Its annual economic activity exceeds $24.5 billion. 

6. New Orleans, LA

Total tons: 92.2 million

The Port of New Orleans is a multimodal gateway that combines rail, river and road and is located on the Mississippi River near the Gulf of Mexico. It is also the sixth largest cruise port in the United States.

7. Long Beach, CA

Total tons: 80.7 million 

Sprawling across 3,520 acres of land and 4,600 acres of water, California’s Port of Long Beach handles more than 8 million TEUs every year, cargo which is worth in excess of $200 billion and delivered by more than 2,000 vessels.

8. Baton Rouge, LA

Total tons: 73.4 million

The Port of Greater Baton Rouge lies at the convergence of the Mississippi River and the Gulf Intracoastal Waterway, providing easy access to the U.S. heartland via 15,000 miles of inland water transportation. 

9. Los Angeles, CA

Total tons: 63 million

The busiest seaport in the Western Hemisphere, the Port of Los Angeles handles a hugely diverse range of commodities, from avocados to zinc and a whole lot in between. It is situated 25 miles south of downtown LA and spans 7,500 acres along 43 miles of waterfront.

10. Virginia, VA

Total tons: 61.7 million

Based in Norfolk, the Port of Virginia processes more than 4 million containers annually, including those brought over by ultra-large container vessels arriving from the other side of the Atlantic. It is the only East Coast port with congressional authorization for 55-foot-deep channels.

11. Lake Charles, LA

Total tons: 58 million

The Port of Lake Charles brands itself as a dynamic deep-water seaport at the center of the Gulf Coast. In recent years, more than $108 billion of industrial projects have been completed, announced or commenced in and around the complex. 

12. Mobile, AL

Total tons: 56.9 million

Mobile is the only deep-water port in Alabama. Located along the Mobile River, it has direct access to around 1,500 miles of inland and intercoastal waterways that serve the Great Lakes, Ohio and Tennessee river valleys and the Gulf of Mexico.

13. Plaquemines, LA

Total tons: 52.8 million

Nestled in the mouth of the Mississippi River, the Plaquemines Port Harbor & Terminal provides water-based access to some 33 U.S. states, serving key industrial sectors such as oil and gas, grain, coal and chemicals, among others.

14. Baltimore, MD

Total tons: 44.2 million

The Port of Baltimore offers the deepest harbor in Maryland’s Chesapeake Bay and is within an overnight drive of a third of the nation’s population. It has benefited greatly from the 2016 expansion of the Panama Canal, granting it access to a wider pool of large vessels. 

15. Savannah, GA

Total tons: 41.9 million

The Port of Savannah is within convenient reach of Atlanta, Birmingham, Charlotte, Memphis and Orlando. With 10,000 feet of contiguous berth space, it is one of the fastest growing container ports in the country.  

16. Texas City, TX

Total tons: 41.3 million

Although not the largest port in Texas, the Port of Texas City is a vital trading hub for crude oil imports and the export of gasoline, diesel, jet fuel, chemicals and petroleum coke. It has been in operation for more than a century.

17. Huntington Tristate

Total tons: 36.8 million

The Port of Huntingdon Tristate is America’s most influential inland port. Centered on the Ohio River, it is also the largest river port in Virginia. 

18. Cincinnati-Northern Kentucky, KY

Total tons: 36.6 million

The Ports of Cincinnati & Northern Kentucky is an inland port complex that covers 226.5 miles of commercially navigable waterways on the Ohio River and Licking River. It is made up of more than 70 active terminals. 

19. Port Arthur, TX

Total tons: 33.9 million

Another jewel in the Texan crown, Port Arthur is based 19 miles from the Gulf of Mexico on the Sabine Neches Waterway. The site completed a significant expansion in 2000 that transformed it into an international facility for cargo shipping. 

20. Duluth-Superior, MN and WI

Total tons: 33.7 million

The twin Ports of Duluth, Minnesota and Superior, Wisconsin, are located at the western part of Lake Superior and represent the farthest inland freshwater seaport in North America. They are home to 20 privately owned bulk cargo docks and an award-wining cargo terminal. 

21. St Louis, MO and WI

Total tons: 31.3 million

Spanning 6,000 acres, the Port of Metropolitan St Louis lies along 15 miles of Mississippi River frontage and has capacity to handle 150 barges a day. It is the second-largest inland port system in the United States. 

22. Tampa, FL

Total tons: 30 million

A well-known cruise terminal, Port Tampa Bay is Florida’s largest cargo tonnage port spanning a 5,000-acre footprint. It can handle ships carrying up to 9,000 TEUs and is flanked by a million square feet of warehouse space and 40-acre container yard. 

23. Freeport, TX

Total tons: 29.8 million

Port Freeport is undergoing a significant harbor channel improvement project to the tune of $295 million that Congress authorized in 2014. The upgrade, which is due for completion in 2025, will offer navigational improvements to calling vessels by deepening and widening the waterway. 

24. Richmond, CA

Total tons: 28.5 million

With roots in petroleum and liquid bulk cargos, the Port of Richmond has become Northern California’s most diversified cargo handler thanks to its expansion into dry bulk, break-bulk and containerized cargo handling. Having also increased its automobile processing facilities, Richmond today ranks No .1 among San Francisco Bay ports in vehicle tonnage.

25. Pascagoula, MS

Total tons: 25.8 million

The Port of Pascagoula is a deep-water port on the southeastern coast of Mississippi. It is split into two major sections–the east and west harbors–which are both home to several public and private cargo terminals. 

26. Valdez, AK

Total tons: 25.2 million

Our first entry from Alaska, the Port of Valdez is America’s farthest north ice-free port. It serves as the southern terminus of the trans-Alaska oil pipeline and handles more than 1.5 million barrels of crude oil a day. 

27. Charleston, SC

Total tons: 24.6 million

The Port of Charleston is part of South Carolina Ports, which serves as a vital transit hub for many essential industries in the region, including automotive manufacturing, consumers goods, frozen exports, grain and tire manufacturing. South Carolina Ports generates tax revenue in excess of $1.1 billion every year.

28. Port Everglades, FL

Total tons: 24 million

Billed as Florida’s “powerhouse port,” Port Everglades is located in the heart of Greater Fort Lauderdale and the City of Hollywood. Each year, around $34 billion of economic activity is generated through the port.

29. Seattle, WA

Total tons: 23 million

The Port of Seattle was founded in 1911 and stands today as one of the largest container terminals on the West Coast. It has also grown to the largest “Left Coast” cruise port in terms of passenger numbers, with more than 200 annual departures to Alaska. 

30. Pittsburgh, PA

Total tons: 21.8 million

Encompassing 200 miles of commercially navigable waterways in southwestern Pennsylvania, the Port of Pittsburgh is made up of 203 terminals. It is a hugely important transit hub for coal, which makes up around 70% of all cargo passing through in terms of weight. 

31. Tacoma, WA

Total tons: 21.5 million

The Port of Tacoma generates $3 billion of economic activity annually and supports more than 40,000 jobs. As partners in the Northwest Seaport Alliance Tacoma and the Port of Seattle (No. 29) are together the fourth-largest container gateway in the country.

32. Portland, OR

Total tons: 19.4 million

Let’s just keep it in the Pacific Northwest, shall we? As Oregon’s largest port, the Port of Portland is a bustling hub comprising three airports, four marine terminals and five business parks. Grain, minerals, forest products and automobiles and the most common types of cargo passing in and out.

33. Oakland, CA

Total tons: 19.3 million

This Northern California port is located on the Oakland seafront and is equipped with an array of commercial buildings and industrial parks, as well as an airport. The port spans 1,300 acres and was founded in 1927.

34. Paulsboro, NJ

Total tons: 18.4 million

Situated on the Delaware River, the Port of Paulsboro is around 80 miles from the Atlantic Ocean and is known for its transfer of key commodities such as crude oil, petroleum products and asphalt. 

35. Jacksonville, FL

Total tons: 17.7 million

JAXPORT is Florida’s largest container port and one of the nation’s most prominent vehicle handling sites. It offers services to 140 ports in more than 70 countries and has many ties with trucking firms and rail links, including 40 daily trains via Class 1 railroads CSX and NS. 

36. Kalama, WA

Total tons: 17 million

Just 30 minutes north of Portland, the Port of Kalama is home to more than 30 companies and 1,000 people. It prides itself on being a business-friendly haven, with no state corporate or personal income taxes levied. 

37. Two Harbors, MN

Total tons: 16.9 million

Two Harbors is a port city in Minnesota. Although its port is relatively small, it transfers nearly 17 million tons of cargo on an annual basis. 

38. Marcus Hook, PA

Total tons: 16.7 million

The Port of Marcus Hook is located on the northwest bank of the Delaware River, where its main activities are receiving and refining crude oil, and the shipping of petroleum products.  

39. Philadelphia, PA

Total tons: 16.3 million

The Port of Philadelphia claims to be the fastest growing port in the United States. It handles trade worth $30.5 billion a year and stands as the largest refrigerated port in the country, helping it to generate more than 54,000 jobs.

40. Boston, MA

Total tons: 16 million

The Port of Boston is a major seaport located in Boston Harbor and adjacent to the City of Boston. It is the largest port in Massachusetts and has facilities dedicated to bulk cargo, petroleum, and LNG shipment and storage.

41. Honolulu, HI

Total tons: 14.3 million

In Hawaii, Honolulu Harbor serves as the state’s principle seaport and handles containers, dry and liquid bulk and breakbulk cargo. It also handles passenger and fishing vessels, with a foreign trade zone established at the Fort Armstrong Terminal.

42. Detroit, MI

Total tons: 13.3 million

The Port of Detroit is situated along the west bank of the Detroit River and is the largest seaport in the state of Michigan. Its 29 terminals process high-grade steel products, coal, iron ore, cement, aggregate and other road building commodities. 

43. Indiana Harbor, IN

Total tons: 12.2 million

The Port of Indiana-Burns Harbor is based in the largest steel-producing region in North America and is home to 30 businesses, half of which are connected to the industry. The site spans almost 600 acres of land.

44. Mid-America Port Commission

Total tons: 12 million

The Mid-America Port Commission is the largest port district on the Upper Mississippi and Illinois Rivers, serving 26 counties across three states. It transcends two major rivers and is flanked by three Class 1 railroads and four regional airports. 

45. Cleveland, OH

Total tons: 11.9 million

Billed as the premier port of the Great Lakes, the Port of Cleveland supports 20,000 jobs and $3.5 billion in annual economic activity in the region. Half of U.S. households and manufacturing plants are within an eight-hour drive. 

46. Vancouver, WA

Total tons: 11 million

The Port of Vancouver USA was established in 1912 and serves as a vital gateway for connecting Asia and South America to the U.S. midcontinent and Canada. The Washington state port has more than 50 industrial tenants, including companies specializing in wheat, mineral and liquid bulks, vehicles, and other cargos.  

47. Galveston, TX

Total tons: 11 million

Another entry from Texas, the Port of Galveston offers cruise, cargo and commercial facilities. It is one of the older Texan ports, beginning as a trading post in 1825 and since growing to more than 850 acres in size. 

48. San Juan, PR

Total tons: 10.4 million

Serving the capital of U.S. territory Puerto Rico, the Port of San Juan is comprised of 16 piers, of which half are used for passenger ships and half for cargo vessels. Its cargo facilities allow for more than 500,000 square feet of space for unloading and loading of goods. 

49. Chicago, IL

Total tons: 10 million

Commercial activities in Chicago date back to 18th century fur trading, with the modern history of the Port of Chicago beginning in 1921, when the state legislature approved the development of a deep-water port. Today, it operates as a key Great Lakes multimodal transit facility. 

50. Longview, WA

Total tons: 9.7 million

The Port of Longview has been operating since 1921, and today is home to eight marine terminals and industrial facilities spanning 835 acres along the banks of the Columbia River. Fertilizers, grain, heavy-lift cargo, logs, lumber, minerals, paper, pulp and steel are some of the main cargo categories passing through here.  

data

Data Center Power Market: Top Trends Propelling the Industry Demand Through 2026

According to a recent study from market research firm Graphical Research, the global data center power market size is set to register significant growth during the forecast timeframe. With the proliferation of advanced technologies such as artificial intelligence (AI), the internet of things (IoT), 5G, and cloud, the demand for data center power is likely to augment through the next five years. These advanced technologies are expected to be integrated into the systems used by manufacturing companies leading to growing pressure on the IT infrastructure.

The next-generation IT infrastructure is likely to adopt advanced power supply solutions that cope with these pressures. A growing inclination toward customized services is marking a new trend in the market, owing to which, service providers have been catering to the individual demands of the end-users.

The global data center demand has surged during the COVID-19 pandemic, with tremendous consumption of networks due to work from home requirements and higher viewership of OTT platforms. The following top seven trends are expected to accelerate the global data center power market outlook through 2026:


Emphasis toward cutting down energy consumption in America

Data centers consume more than 416 terawatts of power annually, which represents nearly 3% of the total electricity generated on a global scale. As per the Energy Technologies Area or ETA, more than 73 billion kWh were consumed by the U.S. during 2020.

This has brought into focus the need to minimize energy consumption across the region, generating demand for advanced solutions across the data center power market in North America. Power management in data centers can be achieved through the improvement of the flow of power distribution across ventilation systems, environmental control, UPS systems, and lighting.

Spiraling demand for OTT services across Canada and the U.S.

The North American data center power industry forecast is registering a high growth owing to the rising number of intelligent power managing solutions in the region. The popularity of OTT services across the US and Canada has been soaring since the outbreak of the novel coronavirus, with soaring subscriptions across platforms such as Amazon Prime Video, Disney Hotstar, and Netflix.

Additionally, data-intensive businesses have been seeking to minimize greenhouse gas emissions and the PUE ratio, at the same time boosting power efficiency. With this aim in view, several industry participants have been developing smart UPS, intelligent PDUs, as well as battery monitoring equipment.

Digitalization across the North American healthcare industry

The data center power market applications in North America are segmented into healthcare, IT & telecom, BFSI, government, manufacturing, energy, and colocation end-users. Of these, the healthcare industry has been exhibiting a key impact on the market, with a higher need for data center services.

By 2026, the healthcare application segment will see considerable revenue generation, thanks to the growing utilization of digital data and higher emphasis on government standards. Government mandates, including the HIPAA standards, are being enforced in a more stringent manner to ensure higher productivity and efficiency of the healthcare industry.

Extensive adoption across European cabling infrastructure

The cabling infrastructure in European countries is slated for strong growth through the forecast timeline owing to the growing demand for reliable and effective equipment across data centers in the region. Cable management products and solutions are extensively utilized due to their simple, modular designs, and ease of installation. Leading manufacturers in the European data center power market are providing advanced cable management solutions with improved scalability, flexibility, and intelligence.

Growing requirement across Europe’s hyperscale data centers

Owing to the growing integration of advanced power storage devices across hyperscale data centers, the data center power industry share from the UPS segment accounted for a major portion of the total revenue share during 2019. Cloud service providers have particularly been expanding their presence throughout the region by developing mega data centers.

For example, in September 2020, Google LLC announced its plan to invest more than $3.3 billion towards the expansion of its data center footprint in Europe over the span of the next two years. Since hyperscale data centers involve the integration of a host of storage devices and servers, they require an uninterrupted power supply for ensuring continuous transmission and processing of data.

Growing demand for online banking across Asia

Asia Pacific has been witnessing a thriving BFSI sector seeking digital technologies, especially in the wake of the COVID-19 pandemic. Contactless payments, POS terminals, mobile wallets, and online banking, in general, are growing increasingly popular in the last few years.

For instance, in Japan, more than 24 million individuals utilized their smartphones at POS terminals to make payments during 2019. The rising concerns over data center downtime are fueling Asia Pacific data center power market forecast.

Increased internet penetration across APAC

The demand for seamless online video streaming has been escalating synchronously with the expanding internet penetration across Asian countries. The high data consumption rate by Amazon Prime Video, YouTube, and Netflix users will translate to the focus toward the development of a robust data center infrastructure. T

The rapid adoption of 5G, IoT, AI, cloud computing, and other latest technologies across numerous data center construction projects is likely to power the APAC data center power market forecast.

ABB Group, Cisco Systems, Inc., Cummins, Inc., Legrand, Black Box Corporation, Vertiv Group Co., Siemens AG, and Cyber Power Systems, Inc. are some leading data center power solutions providers in the international market.

peppermint

European Pyrethrum and Peppermint Imports Keep Robust Growth

IndexBox has just published a new report: ‘EU – Pyrethrum – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Last year, European pyrethrum and peppermint imports rose by +10.2% y-o-y to $989M. Germany remains the largest pyrethrum and peppermint importer in the EU, accounting for 37% of the total imports. The Netherlands, Austria, Italy, Poland, Spain and France ramped up the volume of purchases from abroad, while the supplies to Germany dropped slightly. The Netherlands emerged as the fastest-growing importer in 2020. The pyrethrum and peppermint import price in the EU grew by +9.2% y-o-y compared to the figures of 2019.

Pyrethrum and Peppermint Imports in the EU

In 2020, approx. 189K tonnes of pyrethrum and peppermint were imported in the EU; approximately equating the previous year’s figure. In value terms, pyrethrum and peppermint imports rose significantly by +10.2% y-o-y to $989M (IndexBox estimates) in 2020.

Germany was the key importing country with an import of about 70K tonnes, which accounted for 37% of total imports. It was distantly followed by Spain (25K tonnes), France (20K tonnes), the Netherlands (13K tonnes), Italy (12K tonnes) and Poland (12K tonnes), together mixing up a 43% share of the total imports. Austria (5.7K tonnes) occupied a relatively small share of total imports.

In 2020, average annual rates of growth with regard to pyrethrum and peppermint imports into Germany stood at -2.9%. At the same time, the Netherlands (+24.0%), Austria (+16.1%), Italy (+6.5%), Poland (+5.6%), Spain (+2.1%) and France (+1.9%) displayed positive paces of growth. The Netherlands emerged as the fastest-growing European importer in 2020.

In value terms, Germany ($352M) constitutes the largest market for imported pyrethrum and peppermint in the EU, comprising 36% of total imports. The second position in the ranking was occupied by France ($111M), with an 11% share of total imports. It was followed by Spain, with a 9.9% share.

In 2020, the pyrethrum and peppermint import price in the EU amounted to $5,233 per tonne, growing by +9.2% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Austria ($6,786 per tonne), while Spain ($3,875 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

rebate management

Why Enterprise Resource Planning Systems Fall Short with Rebate Management

Enterprise resource planning (ERP) systems allow companies to integrate many disparate elements of their business on a single centralized platform – from human resources to supply chain logistics to financial data. While this level of centralization can create operational efficiencies, the breadth of functionality offered by ERP systems also make them less effective when it comes to handling more specialized aspects of your business.

For example, when companies need to design, track, and execute rebate agreements, ERP systems come up short. This is because rebates can be highly complex and dynamic – to manage them productively, companies need purpose-built software that will help them maintain transparency internally and with trading partners, identify where rebate programs can be improved, and react to changes in markets and distribution dynamics. ERP systems allow companies to record the rebates they’re owed, but not much else.

Although many companies get by with the rudimentary rebate management tools offered by ERP systems, supported in parallel by spreadsheets and other off-system tracking, the usefulness of these tools breaks down with complex incentive-based rebate programs and an ever-increasing drive for rebates to stimulate the business growth they were implemented for in the first place. Dedicated rebate management systems, on the other hand, are designed around the needs of complex and dynamic rebate programs, helping companies build more sustainable relationships with one another by giving them a wider range of options and the resources they need to communicate and collaborate in real-time.

How to manage complexity

Global supply chains have never been more complex than they are today – they’re more interconnected, they serve larger and increasingly diverse markets, and they often require vast logistical infrastructure to function. A 2020 survey found that 91 percent of businesses say they “can’t stay ahead of their supply chain complexities.” As if this task wasn’t already difficult enough, COVID-19 threw the global economy into chaos overnight, snapping crucial links in supply chains, straining relationships between manufacturers and distributors, and forcing consumers to deal with delays and unpredictable cost fluctuations.

One of the reasons rebates exist is to account for uncertainty – from economic shocks to shifting consumer demands. They retroactively bring volume, pricing and payments into line with projections, incentivizing trading partners to continue investing in one another. The more contingencies rebates can account for, the easier it will be for companies to predict future conditions and adapt when they change. This is why there are hundreds of different types of rebate agreements – they can be based on seasonality, sales targets, marketing commitments, the performance of specific product lines, and a range of other variables.

Many rebate agreements also change annually (or more frequently) to spur growth and react to market changes as they arise. These are all reasons why these agreements can be surprisingly intricate, which makes ERP systems blunt instruments for managing them.

Increasing efficiency and agility

ERP systems are all about efficiency – by bringing a wide range of business processes (from workflow solutions to communication tools) together on a single platform, these systems are designed to consolidate information, facilitate cooperation, and streamline a company’s processes across the board. This sounds particularly attractive to company leaders in the supply chain sector, who are hyper-cognizant of any opportunity to increase efficiency. An EY survey found that 55 percent of companies expect digitization to improve operational supply chain efficiency (the second-most-cited option) over the next three years.

But can ERP systems really increase the efficiency and effectiveness of B2B rebate programs? By failing to account for a wide enough range of variables and providing little in the way of real-time flexibility, these systems aren’t the drivers of business growth that companies need. According to Gartner, 89 percent of supply chain professionals want to invest in agility. This is what specialized rebate management solutions provide by giving companies the chance to get creative with the negotiation and implementation of deals, adjust those deals as circumstances change, and track every stage of the process on a platform that was built specifically for handling rebates.

When companies rely on ERP systems that can’t accommodate their rebate needs, they’re forced to use other forms of documentation and manual logistics management, such as spreadsheets. This can lead to costly errors and wasted time – hardly the efficiency companies are after.

Building stronger relationships between supply chain partners

Rebates help companies forge stronger relationships by allowing them to negotiate deals that satisfy both parties and giving them the freedom to alter the provisions of those deals as circumstances dictate. Dedicated rebate management platforms provide mechanisms to ensure transparency and accountability, more robust contract management, and the ability to manage hundreds of different types of rebates.

According to a recent Enable survey, more than one-third of companies say they still use spreadsheets to document, share, and sign off on deals. This doesn’t just lead to mistakes, backtracking, delays, and a series of other logistical problems – it can also be detrimental to relationships, as it requires partners to dig through scattered documents and search records that haven’t been properly systematized whenever a dispute or any other issue arises. ERP systems are typically transaction-centric, while rebate management systems make the process of creating, approving, and tracking deals an ongoing collaborative process with dedicated workflow and communication tools.

ERP systems have a clear role to play in helping companies become more productive, which is why rebate management solutions can be directly integrated with them. But rebate management is a highly specialized field – it requires digital tools that are specifically designed to manage complexity, improve supply chain flexibility, and build healthy and sustainable relationships between partners.

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AUTHOR BIO:

Andy James is the Director of Product Strategy at Enablea cloud-based SaaS solution for B2B rebate management. The software is used by procurement and finance professionals in distribution, wholesale and manufacturing across over 50 industries so that they can have an easy, seamless solution to execute and track their full range of trading programs.

cream

Chinese Cream Imports Pursue Robust Growth

IndexBox has just published a new report: ‘China – Cream Fresh – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Cream imports to China soared +21% y-o-y to 194K tonnes in 2020, which equated to $625M. Over the past decade, China boosted cream imports manyfold, from only 7.1K tonnes or $20M in 2010 to the present figures. New Zealand remains the key cream supplier to China, accounting for 53% of the total Chinese imports in physical terms. In 2020, Spain, Belgium, Germany, Ireland and New Zealand featured the highest growth rates regarding cream export volume to China. Last year, the average cream import price in China grew by +2.5% to $3,216 per tonne compared to the figures of 2019.

Cream Imports into China

In 2020, the amount of cream imported into China rose to 194K tonnes, jumping by +21% from the previous year. In value terms, cream imports soared from $506M to $625M (IndexBox estimates) in 2020. Over the past decade, China boosted cream imports manyfold, from only 7.1K tonnes or $20M in 2010 to the present figures.

In 2020, New Zealand (102K tonnes) constituted the largest supplier of cream to China, accounting for a 53% share of total imports. Moreover, cream imports from New Zealand exceeded the figures recorded by the second-largest supplier, France (43K tonnes), twofold. The UK (12K tonnes) ranked third in terms of total imports with a 6.3% share.

In 2020, the volume of cream imported from New Zealand rose by +16.6% y-o-y. The remaining major supplying countries recorded the following average annual rates of imports growth: France (+6.4% y-o-y) and the UK (-2.9% y-o-y).

The Chinese purchases from Spain increased twofold, from 5.1K tonnes in 2019 to 11.7K tonnes in 2020. Imports from Germany grew from 4.5K tonnes to 7.6K tonnes over this period. Belgium doubled its cream exports to China from 2.4K tonnes to 4.6K tonnes. Imports from Ireland increased from 4.4K tonnes in 2019 to 5.7K tonnes in 2020.

In value terms, New Zealand ($348M) constituted the largest supplier of cream to China, comprising 56% of total imports. The second position in the ranking was occupied by France ($137M), with a 22% share of total imports. It was followed by the UK, with a 5.6% share.

The average cream import price in China stood at $3,216 per tonne in 2020, rising by +2.5% against the previous year. Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were New Zealand ($3,409 per tonne) and France ($3,222 per tonne), while the prices for cream from Germany ($2,596 per tonne) and the UK ($2,855 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

supply chain risk

3 Techniques to Manage Supply Chain Risk

Supply chain risks threaten your business’ financial health and professional standing. These risks can affect profitability through physical effects to the building, cyberattacks to software and hardware and personal problems with employees. It is imperative to manage these risks to mitigate the damage they can do.

Supply Chain Risks

Risks to supply chain management affect the flow of goods, creating products and furnishing customers with goods. Managing these risks is how a business can mitigate risks and threats to the supply chain.

It is vital to understand how to determine what supply chain risks are and identify which can harm your business. Identifying these risks can provide you with details about internal and external threats. External risks include the following:

-Demand risks — These are unpredictable or misunderstood demands of customers.

-Supply risks — These are usually interruptions of product production or flow.

-Environmental risks — These are outside of the supply chain and can include economic, social, regulatory and climate factors.

-Business risks — These are often financial or management stability issues.

-Internal supply chain risks include the following:

-Manufacturing risks — These are usually disruptions or operations issues.

-Business risks — These can include changes in personnel, management issues, or reporting processes.

-Planning and control risks — These are inadequate assessments to include ineffective management.

-Mitigation and contingency risks — These happen through no contingency plans.

Basic Types of Supply Chain Risks

Five types of supply chain risks can affect the business in internal and external ways. These include the following categories:

1. Cybersecurity risks – These involve phishing, malware, trojan and viruses, ransomware and email scams.

2. Legal risks – These include contractual problems, including disputes, interpretation and obligations.

3. Environmental risk – These involve outside issues that can impact the business such as water, soil, air emissions and waste.

4. Project organization risk – These involve not having the right person or material when needed at a specific time.

5. Human behavior risk – These risks involve personnel issues with illness, the resignation of work, or judgment and decision difficulties.

A Practical Approach to Supply-chain Risk Management

A practical approach is to implement a risk mitigation plan. Remaining practical requires knowing if an employee is causing cybersecurity breaches, which supplier has an issue and fully identifying unknown and known risks. Build a framework to mitigate and monitor these risks. Incorporate governance and continuous review to continually monitor possible risks.

Techniques to Manage Supply Chain Risk

Here are the most important techniques to help manage supply chain risks:

Identify and Analyze Relevant Risks

Look through your business areas to determine what risks exist and the exposure they cause. Identify and analyze disruptions, internal and external threats and all scenarios involved. Determine how to prioritize and limit the damage these threats pose.

Prioritize and Monitor the Risk

Prioritize by diversifying your base of suppliers, having multiple backup plans for threats and preparing for the worst case. Risk planning involves sharing with partners, continually monitoring issues through cyber security, reporting and collecting data constantly. You can purchase tools, acquire expert assistance online or hire a specialist to better assist you.

Mitigate the Risk

Mitigation starts with understanding what you are monitoring. A good plan starts with comprehending the threats. You should also communicate with your partners, purchase insurance and continually review these risks.

Managing the Impacts Associated with Risk

To manage risks’ impact, you should create a risk prevention strategy. Some plans require prepping for environmental factors in the area. Scenario planning can help manage risks associated with most threats that arise. This involves understanding key factors such as inferior materials, employees with illness and suppliers that have a tarnished reputation.

A Key Takeaway in Supply Chain Risk Management

The takeaway involves prevention, necessary response, appropriate recovery and rebounding from threats. Key takeaway implementation involves connecting these plans. Departments and partners need a coordinated effort and joint risk management. Employees need education about risks and threats and how to avoid violations. You should also remain transparent and report matters to remain compliant.

Conclusion

Most organizations make managing supply chain risks a regular and ongoing process. This is the only way to protect your business, safeguard your reputation, and, ultimately, come out on top.

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Emily Andrews is the marketing communications specialist at RecordsFinder, an online public records search company. Communications specialist by day and community volunteer at night, she believes in compassion and defending the defenseless.

pumpkin

Global Pumpkin Imports Peak at $1.6B

IndexBox has just published a new report: ‘World – Pumpkin (Squash And Gourds) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2020, global pumpkin imports reached $1.6B, the highest level over the past decade. The U.S. remains the largest importer of pumpkins, with a 37%-share of the total figure. Last year, Canada, the Netherlands and the UK saw the highest spikes in pumpkin purchases from abroad, while supplies to Japan have moderately reduced. In 2020, the average pumpkin import price rose by +20% compared to the previous year. Ukraine, Algeria and Italy constitute the countries with the highest per capita consumption. China, India and the U.S. feature as the largest consuming markets in 2020. 

Global Pumpkin Imports

In 2020, the amount of pumpkin (squash and gourds) imported worldwide shrank to 1.5M tonnes, with a decrease of -4.2% compared with 2019 figures. In value terms, pumpkin imports rose sharply by +14.8% y-o-y to $1.6B (IndexBox estimates) in 2020.

The U.S. represented the key importer of pumpkin (squash and gourds) in the world, with the volume of imports amounting to 555K tonnes, which was near 37% of total imports in 2020. France (168K tonnes) took an 11% share (based on tonnes) of total imports, which put it in second place, followed by Germany (8.3%), the UK (6.3%), Japan (6%) and the Netherlands (5.5%). The following importers – Canada (60K tonnes), Spain (38K tonnes), Italy (35K tonnes), Belgium (28K tonnes) and South Korea (25K tonnes) – together made up 12% of total imports.

In 2020, average annual rates of growth with regard to pumpkin imports into the U.S. stood at +1.8%. At the same time, Canada (+24.2%), the Netherlands (+15.7%), the UK (+15.7%), Germany (+13.6%), Belgium (+13.5%), Spain (+9.4%), Italy (+3.3%), France (+1.6%) and South Korea (+1.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer in 2020. By contrast, Japan (-4.8%) illustrated a downward trend over the same period.

In value terms, the U.S. ($530M) constitutes the largest market for imported pumpkin (squash and gourds) worldwide, comprising 33% of global imports. The second position in the ranking was occupied by France ($205M), with a 13% share of global imports. It was followed by Germany, with a 12% share.

In 2020, the average pumpkin import price amounted to $1,055 per tonne, jumping by +20% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Germany ($1,499 per tonne), while South Korea ($586 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Countries with the Highest Pumpkin Consumption

The countries with the highest volumes of pumpkin per capita consumption in 2020 were Ukraine (33 kg per person), Algeria (10.4 kg per person), Italy (9.7 kg per person), Russia (8.7 kg per person) and Turkey (6.4 kg per person).

In value terms, China ($6.6B), India ($5B) and the U.S. ($1.2B) appeared to be the countries with the highest levels of market value in 2020, together comprising 51% of the global market. Bangladesh, Italy, Ukraine, Russia, Turkey, Algeria and Indonesia lagged somewhat behind, together comprising a further 18%.

Source: IndexBox Platform

transportation

7 STATES WITH COMPREHENSIVE FACILITIES FOR THE MULTIMODAL TRANSPORTATION OF GOODS

Thankfully, with COVID-19 vaccination programs in full swing, it appears that we are emerging out of the worst of the pandemic which has blighted the lives of so many people and caused so much devastation to businesses across all industries. 

Major parts of the U.S. economy, quite literally, were brought to a standstill with enforced closures and restrictions on the movement of people.

However, despite the disruption caused by the coronavirus pandemic, goods were still shifted in enormous volume during the course of 2020, the value of such activity in the U.S. and Canada estimated to have surpassed $6.8 billion. 

This figure should steadily rise given how increasingly dependent intermodal transport activity is on the consumer economy’s demand. It is also supported by well-developed hubs across all states that help to facilitate the movement of goods as seamlessly as possible. 

Here, we take a look at just some of the U.S. states with the most favorable logistics infrastructure. 

Illinois

The midwestern state is extremely well served by an array of transport hubs, the most significant being situated in and around its primary city of Chicago. 

Staggeringly, around a quarter of all rail freight calls into the city either as a final destination or stop on a journey to another terminus. Meanwhile, O’Hare International Airport processes around 2 million metric tons of cargo at a value of approximately $200 billion every year.

The state is also indebted to what is North America’s largest inland port in the form of CenterPoint Intermodal Center. Situated in the Joilet and Elwood area, around 40 miles southwest of Chicago, it is a 6,400-acre master-planned intermodal development that sees 3 million TEUs pass through it every year. It is currently home to more than 30 tenant companies that, between them, occupy more than 14 million square feet of space.

CenterPoint Intermodal Center is also built with heavyweight roads able to withstand massive pressure and contains several other useful features such as water and utility systems, public bus service connections, no restrictions on trailer parking ratios and 24/7 on-site fire and police protection.  

The site contains a massive 785-acre Union Pacific Railroad complex just south of Joliet, while another enormous rail complex measuring 770 acres that is operated by BNSF lies farther to the southwest.

When all of this is taken into consideration, CenterPoint can rightly be referred to as Illinois’ intermodal epicenter.  

The state is also making waves in the port scene, with officials recently announcing a $110 million fund to modernize public ports across the territory. Illinois is home to a network of waterways that includes 19 public port districts and more than 400 private terminals along the Illinois, Kaskaskia, Ohio and Mississippi rivers.

Texas

The Lone Star State is also no stranger to port-based trade. 

Texas has no fewer than 11 deep-draft ports, eight shallow-draft ports and two recreational ports that combine to make a critical contribution to the economic growth of the state, and represent key components of the region’s transportation system. 

The southern state’s ports are backed up by some of the country’s largest interstate highways and an enormous network of railroads. 

According to figures released by the Association of American Railroads, Texas received 208.1 million tons of rail freight in 2019, the most of any state. To put that in context, Illinois, the second-ranked state, received 107.4 million terminated rail tons. Texas also, unsurprisingly, has by far the largest network of rail infrastructure in terms of outright length, measuring at 10,460 miles compared to second-placed Illinois, which has 6,883 miles of track.   

Over in Dallas, a fairly recent addition to the city’s intermodal transport infrastructure (opening in 2015) is the Wylie Intermodal Terminal. It is a $64 million development owned by Kansas City Southern Railway (KCS), and is set to capitalize on significant opportunities in cross-border activity with Mexico. 

Wylie itself is a city and northeastern suburb of Dallas, with the KCS terminal sprawling across 500 acres of land and servicing 12 gulf ports and one Pacific Ocean port, as well as more than 140 transload centers and 11 intermodal ramps. KCS also provides 181 interchange points with other railroads, including all U.S. and Mexico Class 1 railroads.

Michigan

In a typical year, one without the disruptions caused by the pandemic, U.S. freight railroads move around 1.7 billion tons across nearly 140,000 miles of privately-owned infrastructure that run through 49 states.

Michigan is home to 28 such railroads and ranks 14th in terms of total rail miles, with 3,465 miles of track at its disposal. In 2019, it received 31.4 million tons of rail-based cargo and sent 21.2 million tons on its way to other parts of the country or abroad. 

The Detroit region offers extensive logistics options for businesses, including world-leading warehousing and what is often cited as the nation’s best undergraduate and graduate supply chain and logistics university courses.

Furthermore, the region’s strategic location on the Canadian border grants prime access to the wider U.S. and Canadian markets, with more than 47 million people within just a five-hour drive.

Detroit also contains more than 2,000 miles of interstates and highways, four Class 1 railroads, seven cargo ports and 15 airports. In total, the region moves $44 billion of goods evert year. 

According to the Michigan Freight Plan devised in 2017, the state has “an extensive transportation infrastructure system that supports more than $862 billion in economic activity on an annual basis, from ports to rail and highways to runways.”

California 

Over on the West Coast, California boasts some of the most comprehensive logistics infrastructure in the country, especially when it comes to ports and railroads. 

Indeed, California is the third most popular destination for rail freight in the United States, receiving 94.9 million tons in 2019 – the state is also fifth in terms of total tail miles, with 4,971 miles of track spanning over two Class 1 railroads and 26 short-line railroads.  

Los Angeles is home to the West Coast’s busiest seafaring trade hub thanks to the adjoining ports of Los Angeles and Long Beach. In total, California has one private and 11 public deep seaports and numerous private port and terminal facilities. These handle more than 40% of the total containerized cargo entering the U.S., and almost a third of the nation’s exports. 

Such formidable infrastructure is even further bolstered by 5,800 commercial miles of high traffic volume interstate and state highways, and 12 airports with major cargo facilities. 

All of this combines to present California as one of America’s most extensive, complex and interconnected freight hubs, a system which, according to the Californian government, employs 5 million people. 

Washington 

In the Pacific Northwest, Washington boasts an extraordinary number of ports–some 75 that are found in 33 of the region’s 39 counties. These are supported by 465 miles of navigable waterways for barge traffic on the Columbia and Snake rivers.   

For companies needing logistics infrastructure for accessing the Pacific sea lanes, Washington represents the prudent choice, with many of the 75 ports a day’s sail closer to Asian markets than any others on the West Coast. 

Washington also has the second-largest concentration of distribution centers on the Left Coast, well supplied by 30 railroads (including the Union Pacific and BNSF) which, between them, account for 2,891 miles of track. This allows the state to rank seventh in the U.S. in terms of rail cargo received (65.8 million tons a year). 

Washington’s roads network is also well developed, with 7,000 miles of state highways and more than 39,000 miles of country roads that help reach the most remote parts of the region. In terms of air transportation, Seattle-Tacoma International Airport is the state’s largest international airport and the ninth busiest in the country.

Much of this infrastructure has been subject to improvements and expansions as part of the $70 billion Connecting Washington program, a bill voted for in 2015 that supports several major projects on the state’s roads, railways, ferry terminals and more.

Pennsylvania 

The Keystone State boasts of 61 railroads in operation, the most of any state in the country. These transport around 150 million tons of freight in and out of the region annually. 

The railroads feed a host of other important logistics infrastructure hubs, which include international airports at Erie, Harrisburg, the Lehigh Valley, Philadelphia, Pittsburgh and Wilkes-Barre/Scranton. Along with nine other scheduled-service, domestic passenger airports, they move 560,000 tons of material every year. 

Pennsylvania’s three major ports are also extremely successful, exploiting their strategic position between the northeast and Mid-Atlantic and providing deep water, inland and Great Lakes access for convenient international importing and exporting. Indeed, the state’s foreign trade zone program has levelled the playing field and boosts U.S. competitiveness by reducing operational costs for businesses. 

Joining all the logistical dots are more than 120,000 miles of state and local highways which, along with airports and railroads, are part of the Act 89 transportation plan–a commitment to improve numerous transit passages and hubs to the tune of more than $60 billion. 

Wyoming 

Our final stop is landlocked Wyoming, nestled in the Mountain West subregion of the western United States.

Despite being home to just six railroads spanning 1,877 miles, it tops the charts on originated rail tons by a long way. In 2019, 273.2 million tons of goods were sent from the state, more than double that of Illinois in second (125.9 tons). 

Wyoming’s location means it relies heavily on road transportation to move goods from points A to B and onwards to other parts of the country. Here, it is well catered for, with Wyoming motorists collectively traveling 10.2 billion miles annually and moving a large proportion of the $66 billion of commodities shipped to and from the state each year. 

The design, construction and maintenance of transportation infrastructure supports around 13,000 full-time jobs across all sectors of the economy, including tourism, retail, agriculture and manufacturing. 

Wyoming’s airports also play an important supporting role. There are nine in total, the most significant being Jackson Hole Airport, located in the spectacular Grand Teton National Park.