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Global Duck and Goose Meat Imports Grow Steadily with Increasing Demand in the EU

duck meat

Global Duck and Goose Meat Imports Grow Steadily with Increasing Demand in the EU

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

In 2020, global duck and goose meat imports increased by +3.3% y-o-y to 268K tonnes and reached $1.1B in value terms. Germany and Hong Kong constitute the largest importers of these products worldwide. In 2020, Spain, Denmark, Belgium and the Netherlands saw the highest spikes in imports in physical terms. Over the last year, the average duck and goose meat import price rose by +6.5% y-o-y. Hungary, China, Poland and France are the key suppliers worldwide, with a combined 66%-share of the global export volume.

Global Duck and Goose Meat Imports

In 2020, approx. 268K tonnes of duck and goose meat were imported worldwide; picking up by +3.3% against the year before. In value terms, duck and goose meat imports expanded markedly to $1.1B (IndexBox estimates) in 2020.

Germany (67K tonnes) and Hong Kong SAR (46K tonnes) represented the major importers of duck and goose meat in 2020, finishing at near 25% and 17% of total imports, respectively. France (22K tonnes) took the next position in the ranking, followed by the UK (14K tonnes) and the Czech Republic (13K tonnes). All these countries together held approx. 18% share of total imports. The following importers – Belgium (9.9K tonnes), Spain (9.2K tonnes), Denmark (7.3K tonnes), Japan (7.1K tonnes), Austria (5.9K tonnes), Slovakia (4.5K tonnes) and the Netherlands (4.5K tonnes) – together made up 18% of total imports.

In 2020, Spain saw the highest spike (+25% y-o-y) in imports. Denmark (+19%y-o-y), Belgium (+10% y-o-y), the Netherlands (+5% y-o-y) moderately increased their purchases from abroad.

In value terms, Germany ($291M), France ($146M) and Hong Kong SAR ($103M) constituted the countries with the highest levels of imports in 2020, together accounting for 47% of global imports. These countries were followed by Belgium, Japan, the UK, Spain, the Czech Republic, Denmark, the Netherlands, Austria and Slovakia, which together accounted for a further 32%.

The average duck and goose meat import price stood at $4,257 per tonne in 2020, rising by +6.5% against the previous year. 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.

Major Suppliers of Duck and Goose Meat Worldwide

In 2020, Hungary (65K tonnes), China (47K tonnes), Poland (42K tonnes) and France (38K tonnes) was the key exporter of duck and goose meat in the world, mixing up 66% of total export. It was distantly followed by Germany (14K tonnes), making up a 4.7% share of total exports. The Netherlands (13K tonnes), Bulgaria (12K tonnes), the UK (8.1K tonnes), Thailand (5.4K tonnes), Belgium (5K tonnes) and the U.S. (4.9K tonnes) held a little share of total exports.

In value terms, the largest duck and goose meat supplying countries worldwide were Hungary ($283M), France ($262M) and Poland ($147M), together accounting for 58% of global exports. China, Bulgaria, Belgium, Germany, the Netherlands, Thailand, the UK and the U.S. lagged somewhat behind, together accounting for a further 33%.

Source: IndexBox Platform

nansha

PORT OF NANSHA’S LATEST INFRASTRUCTURE PROJECTS PROPEL LOGISTICS SERVICES ACROSS THE GLOBE

Port of Nansha, which is part of the Guangzhou Port Group, is now the fifth-largest port globally and the fastest-growing port in South China. Encompassing the Guangzhou, Foshan, Zhongshan, and Jiangmen regions, the Port of Nansha continues increasing its international presence through strategic infrastructure projects. 

The latest development, which was deemed the International Logistics Center, serves as a mega-warehouse complex accommodating dry and cold warehouses with new on-dock rail connections for incoming manufacturers and vendors.

As part of the overall goal driving the International Logistics Center, Shenzhen Warehousing is officially at max capacity, further reiterating the importance of port diversification to promote a balanced and agile supply chain. The cold chain warehouse will accommodate a total storage capacity of 460,000 tons upon completion–the largest cold chain facility in South China. 

“Port of Nansha Cold Logistics Warehouse, with rail access to/from the Hinterlands and Europe, will undoubtfully be a game-changer in our industry,” stated an International Logistics Center executive.

The port’s developing dry warehouse will support intermodal logistics and general-purpose warehousing services with 1.8 million square feet of total coverage. Nansha’s on-dock railway station will cover 1.05 million square feet of that area as well. Long-term goals for this development will support expansions in consumer goods, distribution, 3PL and e-commerce services.

“We were attracted to Nansha because of its strategic location and business-friendly approach to helping companies like ours to grow,” stated a 3PL anchor tenant. “The opening of this new dry warehouse will drastically save on warehousing cost, origin dray, and reduce lead times for our  e-commerce customers.”

Nansha’s $231 million railway project spans from the Guangzhou Nansha Port in the east, connecting the Beijing Guangzhou Railway via the Guangzhou-Zhuhai Railway to the north and the Guizhou-Guangzhou, Nanning-Guangzhou and Liuzhou-Zhao Qing railway to the west. This massive project is known as the only on-dock rail in South China and serves as a gateway into the Belt & Road Initiative.

Meeting unprecedented demand brought on by the pandemic inspired the latest addition of a fourth new terminal offering fully automated capabilities starting this year. The construction of the new terminal will support the addition of 5 million TEUs to Nansha’s container throughput capacity and increasing the total ship-to-shore crane count from 65 to 78.

Port of Nansha America CEO and Founder John L. Painter confirmed they will continue to capitalize on additional growth opportunities, particularly to and from the North American market, which is requesting more ocean services. In 2020, Nansha saw a 55.4 percent increase in TEU movement to/from North America compared to 2019 reports, bringing the total number of TEUs moved globally to more than 17.5 million of the 23.51 million TEUs Guangzhou Port Group moved globally in 2020.

career

LESSON FOR THE DAY: ONE PROFESSIONAL’S CAREER PATH 

In 2019, more than 11 billion tons of cargo were shipped internationally, according to the United Nations Conference on Trade and Development, and the dollar value of global trade that same year was approximately $19 trillion (U.S.).

The logistics required in the transshipment of products by sea, air, rail and truck are enormous, and the efficiency of the multitude of supply chains is equally as vital. Developing the logistical programs and building supply chain models require people with in-depth training in these sectors of cargo movement.

Patrick Bohan has been involved in supply management and logistics for several years. The director of Business Development with the Halifax Port Authority in Nova Scotia, Canada, Bohan says he would highly recommend a career path in these specific sectors.

He said his work in the area of supply chains has been “fascinating” and states that it is the supply chains that “make the world go around every day.”

Approximately 80% of global trade moves by ship and “even through the global pandemic, these supply chains had to keep functioning and were more important than ever,” Bohan stressed.

He said that, thankfully, with the necessary technology, “we had remote work capabilities and we had the devices we could get the work done from just about anywhere and that was important to keep lot of things going.”

After earning a business degree from Western University in London, Ontario, Bohan’s “first employee experience was in and around transportation,” he says. I knew how to use Excel (Microsoft) and spreadsheets plus other software programs.” 

With this background, he could see value in his training and felt “maybe I could work in this industry for the long term.” Bohan saw an opportunity in the transportation field. “To be quite honest,” trade globally was growing and getting more sophisticated in terms of overseas trade, as both inbound and outbound supply chains were being “connected around the world,” he said.

He started working in transportation in the 1990s and as his experience began to develop, he wanted to get more into logistics and supply chain management. So, he felt the best way for him to accomplish that was to become a Certified Logistics Professional (CCLP) through the Canadian Institute of Traffic and Transportation (CITT).

Bohan worked on correspondence courses at night and during weekends and studied “basically all different modes of transportation and warehousing and distribution topics. When I completed the courses and had five years of full-time work experience, I qualified for the designation and every year there is some upkeep required.

That was my first specific training in this field and it has served me well, to move up the learning curve in an efficient way and to get some clues about where the world is going in that industry,” he said.

Although his career was moving forward, Bohan said the shipping industry and his specific areas of supply chain and logistics are always evolving and changing and a mid-career refresher was important in his line of work.

“I had been out of school for about 10 years and working and by going back and doing my MBA [Master of Business Administration in International Business at Saint Mary’s University, Halifax], I had freshened up on the changes that had taken place in the world.”

The MBA program proved invaluable to Bohan because it had “an international project, too, which I was able to complete using work-related concepts.” He said the research project was related to his work at the port and involved some trade with China and Vietnam. “It was timely because in 2005,” when Bohan was doing his MBA, China and Vietnam “were coming into their own and the port had a lot of interest with what was going on in that part of the world with Asian trade.” 

He looked at the Asian market from the perspective of how this industry would change some of the trade patterns as well as logistics and supply chain habits.

Bohan, who was involved in the early stages of building Asian trade through Halifax, actually went to China and Vietnam for two weeks as part of his MBA project.

Southeast Asia seemed to be where the action was and the MBA project certainly helped,” he said. It was his first trip to those countries and it provided him with “good, direct connections” with the work he was doing at the port.

In a further comment on a refresher program for mid-career professionals, Bohan also suggested “some kind of specialized certification in your field.” He said an MBA or a certification program would provide “the best path to discover things that may have changed from early career to mid-career.” 

With the shipping industry and supply chains constantly evolving, updating in mid-career is also important in dealing with new technology and data streams, things which increase efficiency of supply chains, said Bohan. Early in his career, he had some ideas of where the world was headed based on training and technology and how it could be adapted to make supply chains more efficient. 

Looking into the future now, Bohan said there are discussions about artificial intelligence and other technologies, which seem to be moving to the next level where the machines might actually learn logistics and supply-chain models and update them.

So, he stressed, “I think it is very important for people in mid-career to touch base with the technology, get comfortable with it and find out what it can do so they don’t feel the world is passing them by.”

And in the shipping industry in particular, with the constant introduction of larger container ships, improved technology is vital with changing supply chains and logistics in handling cargo.

Without technology, it would be impossible to imagine if you had a 24,000 TEU ship and had to keep track of every single container plus the speed of planning, the arrivals, getting them unloaded to rail or truck and the transshipment to many locations,” Bohan says. “Without technology, can you imagine the volume of paper?”

In his work at the Port of Halifax, Bohan has occasionally been invited to speak to high school students about the port, his role there and how things get from one side of the world to the provincial capital of Nova Scotia. 

He believes that speaking to these students—or even providing business programs on supply chains and logistics as part of a curriculum—would be beneficial “because so many jobs and careers are somewhat related to supply chain.” Having their young eyes opened to the field early, Bohan added, may be advantageous compared to having to make last-minute decisions later in life.

WHAT THEY’RE LOOKING FOR

People looking to the transportation industry for a career with a focus on logistics and supply-chain management should know that many employers are looking for specific things from new recruits.

Take enVista, for example. Based in Kansas City, Missouri, the global software, consulting and managed services provider was founded by supply chain and technology experts in response to market demand for skilled consulting services.

“In terms of training for labor-management consulting roles, we do have a multi-phase training approach that consists of on-the-job training, introductory classroom training and specific vendor application training, i.e. Blue Yonder, Korber, etc.,” says enVista Vice President Tom Stretar. 

“In addition, for warehouse management, labor management, and transportation consulting roles, the common college degrees we keep an eye out for include, Supply Chain Management (BA/BS or MBA) and Industrial Engineering or equivalent type engineering degrees, like Mechanical Engineering (BS), Computer Science Engineering (BA/BS) and Data/Business Analytics (BA/BS).”

First published by Reuters

canadian

5 Ways to Ease Canadian Supply Chain Pain

Canadian businesses are facing a painful dilemma as they enter the second half of 2021.

A study released by the Bank of Canada in early July shows business confidence has soared across the country as vaccination programs have rolled out and reduced restrictions on public movement. Business leaders reported strong sales outlook, unprecedented levels of planned hiring and plans for greater investment. In fact, the monetary policy overseer’s quarterly survey showed confidence at its highest level since 2003.

There is good reason to be buoyed about the future. Canadian consumers have saved an estimated $220 billion during the pandemic that they are now looking to spend. Another Bank of Canada survey showed near unprecedent intentions amongst consumers to spend their savings once the economy opens. That is the good news.

The bad news is retailers, wholesalers and service-sector businesses reliant on the movement of goods are also facing unprecedented supply chain woes. Shipments of goods critical to the success of these businesses have been delayed by months due to backlogs at ports in Asia stemming for a global container shortage. In its survey, the Bank of Canada found 60% of businesses would have some difficult or significant difficulty meeting demand if there was a sudden increase. Commodity prices have soared to their highest levels since 2014 while factory-gate prices in China – where many manufactured goods are produced and exported to Canada – witnessed a year-over-year increase of 6.8% in April 2021. Shipping costs from China to the coast of British Columbia have tripled.

‘Just in Case’ Becoming the Norm

The delays and escalating costs of shipping are prompting businesses to stockpile inventory at rates not seen in recent years. The just-in-time supply chain model that has characterized the movement of goods throughout most of the 21st century is now being traded in for a just-in-case model. But the market has responded accordingly with warehouse lease rates up 25% and warehouse availability almost non-existent with little new capacity slated in the near term. In some cases, businesses have had to invest far more heavily in warehousing than they had planned when inventory arrived at port on time, along with delayed inventory and the oversupply that could not be contained within existing warehouse space. In addition, fiscal stimulus programs have tightened the labor market, driving down labor availability and driving up labor costs.

All the added expense is fuelling concerns about inflation as businesses pass down the additional costs to consumers. A spike in inflation could dampen consumer demand, which would then resolve the supply chain woes, but would also stagnate economic recovery. This leads to the greater challenge of whether to plan for a consumer boom or a more temperate market.

What is a Business Decision Maker to Do?

As the old saying goes, necessity is the mother of invention. Businesses have been finding creative solutions to supply chain problems as they have arisen – from alternative transport routes and methods to new suppliers and even alternative materials to build their products.

The reality, however, is there is no one-size-fits-all solution to the supply chain woes being faced by Canadian importers. Solutions will vary based on industry, pain points, sourcing markets, ports of entry and several other factors.

Gain Visibility: One of the key actions being taken by businesses is digging in to learn more about their suppliers’ suppliers. Doing so allows them to better identify potential disruptions where materials may be scarce, or transit routes are congested.

Call for Backup: Even businesses that have reliable suppliers should consider finding alternative sources of supply and ideally from a different country. In most cases, delayed supply is the result of congested ports or a regional dearth of cargo container availability. Finding backup suppliers in other markets means not only having an insurance policy for supply but also for transport.

Make Accurate Supply Projections: It is a tall order to know how consumers intend to spend in the wake of a global pandemic. But businesses that use analytics to gauge future demand will suffer fewer supply chain headaches as they will be able to plan better for anticipated inventory arriving from overseas.

Secure Freight: Cargo capacity is at historic lows as businesses around the world fight for space on ocean freighters. Even inland transport has become challenging. For businesses that have not secured space, finding available transport can be near impossible. Working with a freight forwarder can help not only to identify available capacity but also to secure space for future supply. This is particularly true for businesses that have a stronger gauge of upcoming demand.

Lower Landed Costs: Businesses searching for alternative suppliers can often find cost savings by leveraging free trade agreements to reduce duty outlay. Canadian businesses may find refuge in trade agreements like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which gives importers free trade access to markets like Vietnam and Singapore. Other opportunities may be found with suppliers in Europe via the Comprehensive Economic and Trade Agreement (CETA). Of course, Mexico is a viable alternative to sourcing in Asia and is party to the recently enacted United States-Mexico-Canada Agreement (USCMA) that replaced NAFTA. Using Mexico could also remove the need to use ocean freight where congested ports are forcing weeks-long delays to bring goods to market.

When will it End?

Canadian importers are anticipating the day when business can get back to normal. After years of uncertainty over the fate of free trade in North America, conflicts with the U.S. over steel, aluminum, and lumber, and conflicts with China over agricultural goods, there is a desire to see things stabilize. The reality, however, is that Canadian importers will have to compete with their counterparts in the U.S. and other markets with recovering demand for cargo space. While more containers are being brought online, the shortage is anticipated to continue into the early part of 2022 or even later. That means rates will remain high for the foreseeable future, particularly for Asia-origin goods moving to North America’s west coast.

_____________________________________________________________

Michael Zobin is a Canada-based director of global trade consulting at Livingston International. His expertise includes supply-chain optimization; duty deferral and drawbacks; conducting compliance program reviews; developing compliance procedures; voluntary disclosure; and post-entry review.

berry

Global Berry Trade Intensifies Driven by Rasing Demand for Blueberry and Raspberry

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

The global berry imports rose by +2.6% y-o-y to 2.9M tonnes, reaching $14.8B in 2020. Global imports of blueberries, cranberries, raspberries and blackberries have been rising steadily over the last decade. The U.S., Germany, China, Canada, Hong Kong SAR, the UK and the Netherlands remain the largest markets for imported berries. Spain emerged as the fastest-growing berry importer worldwide. Spain, Chile, the U.S. and Mexico constitute the largest berry exporters in the world. 

Global Berry Imports by Country

For the seventh year in a row, global berry imports increased by +2.6% to 2.9M tonnes in 2020. It indicated a strong increase from 2012 to 2020: the volume increased at an average annual rate of +5.4% over the last eight years. In value terms, berry imports rose significantly to $14.8B (IndexBox estimates) in 2020.

In 2020, the U.S. (689K tonnes), distantly followed by Germany (309K tonnes), China (236K tonnes), Canada (225K tonnes), Hong Kong SAR (172K tonnes), the UK (164K tonnes) and the Netherlands (153K tonnes) were the major importers of berries, together constituting 67% of total imports. Russia (119K tonnes), France (96K tonnes), Spain (91K tonnes), Italy (70K tonnes) and Austria (55K tonnes) followed a long way behind the leaders.

In 2020, the most prominent spike in the volume of purchases from abroad was recorded in Spain (+16.3% y-o-y). Spain emerged as the fastest-growing importer in the world, with a CAGR of +20.8% from 2012-2020.

In value terms, the U.S. ($3.8B) constitutes the largest market for imported berries worldwide, comprising 26% of global imports. The second position in the ranking was occupied by China ($1.8B), with a 12% share of global imports. It was followed by Germany, with an 8.9% share.

In 2020, the average berry import price amounted to $5,129 per tonne, growing by +5.8% against the previous year. Last year, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Global Berry Imports by Type

The imports of the three major types of berries, namely strawberries, cherries and blueberries and cranberries, represented more than two-thirds of total imports. It was distantly followed by raspberries and blackberries (467K tonnes), which make up a further 16% share of total imports.

In value terms, the largest types of imported berries were blueberries and cranberries ($4.3B), cherries ($3.9B) and raspberries and blackberries ($3.4B), with a combined 78% share of global imports. Strawberries in tandem with currants and gooseberries lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2020, the most notable rate of growth regarding the volume of purchases, amongst the leading imported products, was attained by blueberry and cranberry (+11.9%). Raspberry and blackberry followed these products with a CAGR of +11.5% from 2012-2020.

Largest Berry Suppliers Worldwide

Spain (437K tonnes), Chile (381K tonnes), the U.S. (299K tonnes) and Mexico (280K tonnes) represented roughly 50% of total exports of berries in 2020. It was distantly followed by Hong Kong SAR (181K tonnes), the Netherlands (152K tonnes) and Peru (151K tonnes), together comprising a 17% share of total exports. Turkey (115K tonnes), Morocco (99K tonnes), Canada (90K tonnes), Greece (64K tonnes), Belgium (49K tonnes) and Poland (45K tonnes) held a minor share of total exports.

In value terms, Chile ($2.4B), Spain ($1.7B) and the U.S. ($1.6B) appeared to be the countries with the highest levels of exports in 2020, with a combined 43% share of global exports. Mexico, the Netherlands, Peru, Hong Kong SAR, Morocco, Belgium, Turkey, Canada, Poland and Greece lagged somewhat behind, together accounting for a further 44%.

Source: IndexBox Platform

port management

LAMAR’S PORT MANAGEMENT PROGRAM ENHANCES CAREERS AND BUILDS KNOWLEDGE

Lamar University’s new Center for Port Management prepares today’s port and terminal management professionals for tomorrow’s industry challenges and opportunities. The center’s flagship offering is the fully online Master of Science degree in Port and Terminal Management. The 12-course program blends theory and practice through course content and delivery, taught in equal measure by industry experts sourced globally, and faculty from Lamar’s Business College and Industrial Engineering Department.

“Throughout my 40-year career, the port industry has sought an advanced degree in port management that would recognize the exceptional nature of this critical profession, as well as advancing its practice,” says Erik Stromberg, the center’s first executive director. “As an industry veteran, my focus is on the application of knowledge to the practice of port management.

“Historically, port managers prepared for their significant responsibilities through on-the-job training and continuing education as offered by trade organizations, such as AAPA,” says Stromberg in reference to the American Association of Port Authorities, which he ran for 10 years. “The required set of skills and knowledge could take years to develop, but even then, it would typically address the manager’s functional focus and not the broad spectrum of port authority roles and responsibilities.

“Our port master’s degree program spans the many interdisciplinary skill sets a senior port leader needs to understand and apply. Management skills training in leadership, team building and decision-making are included in the curriculum. The curriculum also addresses one of the most important port management responsibilities, which is to balance the public and private sector roles a port authority must play.”

Stromberg continues, “Importantly, one of the very important if less obvious roles our port industry veterans play in delivering course content is to convey the normative value of port management. Port authorities operate as a public enterprise, requiring management acumen and business-like efficiency in the delivery of public goods—jobs, economic development and waterborne commerce. There is a tangible aspect of port management that prides itself on generating public benefits, as well as achieving commercial success that engenders a strident dedication to the craft.”

The center’s program also provides continuing education to Texas and West Gulf ports and terminal managers, primarily through the SE Texas Waterways Advisory Council’s Education, Research and Workforce Development Committee. Two very successful programs—“Women in Transportation Management—Ports and Terminals” and the annual “Hurricane Planning” workshop/webinar—recently concluded.

The third aspect of the center’s activities lies in sponsoring industry-relevant research. Most of the supported projects have successfully facilitated safer and more efficient waterborne transportation and waterway utilization. These projects, along with information about the center’s education and training programs, can be found at lamar.edu/portmanagement.

pallet packaging

All About Packaging – Pallets

Packaging is such a broad term that covers everything from a metal crate for a train battery to a gusseted pouch for pancake mix.  One variable that the majority of packaging has in common is nearly all packages are stored or ship on a pallet at some point in the supply chain. Coincidently, a pallet is also often the most misunderstood type of packaging! In this article, we will be completing a deep dive into pallets including a few secret tricks we use to drive out costs associated with pallets.

What is a pallet?

A pallet is a horizontal platform that is used as a base to unitize goods during transportation and storage. Pallets are typically handled in the supply chain by forklifts, fork trucks, and conveyor systems. Most commonly a pallet is made of wood but can also be constructed of other materials such as metal, plastic, corrugated, and hexacomb.

Why is a pallet used?

Pallets are used as the most common method of unitizing products to safely and effectively move and store goods through the supply chain. Pallets also allow for stacking goods in racking or multiple pallets stacked on top of each other.

Pallet Material

Once it is determined if a returnable or expendable solution is the route to explore, the next logical step is to determine the material type. If returnable, common materials include plastic, metal, and wood. If expendable, common materials include wood, hexacomb and corrugated. Wood is the most commonly used material given its performance, cost, and existing supplier base.

Pallet Type

There are a variety of pallet types commonly used such as a stringer, wing, and block-style pallet to name a few. The type of pallet needs to be selected that provides the features required for your specific product size, weight, and supply chain. Selecting the incorrect pallet type can result in wasted money, product/packaging damage.

Pallet Size

There are standard and custom pallet sizes. The standard sizes vary based on location. The standard size in the US is a 48”x40” platform.  With that being said, the 48”x40” platform is not always the correct size depending on variables such as supply chain and size of packaging. Having the incorrect pallet size not only potentially increases the pallet cost but also costs associated with freight and damage.

Interested in learning more if your pallets are optimized for your packaging and supply chain?  Click the below link to learn more about what BoldtSmith Packaging does.

Expendable or Returnable

The first variable to explore when selecting a pallet is whether it should be an expendable or returnable solution. A returnable pallet is most often used in a closed-loop supply chain. For example, an automobile company is receiving headlights from a local manufacturer on a dedicated truck. In this scenario, a returnable pallet is a solution that should be explored.

On the other hand, if a manufacturer is shipping their finished goods from China to the United States on an ocean container and LTL once it arrives domestically, a returnable solution likely will not be applicable.

Pallet Alternatives

To reference the earlier example for a product manufacturer shipping products from China to the US, fitting the most amount of product into the ocean container is critical. The average height of a pallet is 5” and when double-stacked into the ocean container, that is 10” of air being shipped. Popular alternatives to pallets include floor loading and slip-sheets. Both alternative methods require modified unloading techniques when received domestically.  Does it make financial sense to eliminate pallets for overseas shipments?  Potentially, a financial analysis needs to be completed to allow for the data to provide the evidence needed to determine the best method of unitizing the product.

Packaging Considerations

It’s so critical when selecting the pallet type, material, and size to consider the entire packaging system. The referenced packaging system includes the packaging going on the pallet, method of securing product to pallet, storage methods (racking vs stacking), etc. For example, what package is being put on the pallet? If an engine is going on the pallet, plastic banding would be a reasonable material to use to secure the product to the pallet.  If boxed goods are going on the pallet, the stretch film may be a better material used to tie the product to the pallet.

What Does BoldtSmith Packaging do?

BoldtSmith Packaging Consultants is a recognized leader in packaging design, testing, and optimization for retail and e-commerce packaging, shipping crates and displays. We do not manufacture or broker packaging, we sell a service filling in as a temporary packaging engineer for companies requiring specialized packaging expertise. Click the below link to learn more about BoldtSmith Packaging and the services that we offer.

What does BoldtSmith Packaging do?

Asparagus

Rising Supplies from Mexico Buoy the Growth of American Asparagus Imports

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

In 2020, asparagus imports into the U.S. rose by 2.5% y-o-y to 266K tonnes. Mexico and Peru lead the American imports with a combined 88%-share of its total volume. In the last year, Mexico ramped up shipments to America by +22.7% y-o-y, shaped by lower average prices. Peru experienced a drop in supplies volume to the U.S. while in value terms, they increased due to a spike in prices.

Asparagus Imports into the U.S. by Country

In 2020, the volume of asparagus imported into the U.S. totaled 266K tonnes, surging by 2.5% against 2019. In value terms, asparagus imports contracted to $720M (IndexBox estimates) in 2020.

Mexico and Peru dominate the American imports with a combined 88%-share of its total volume in physical terms. Mexico (170K tonnes) and Peru (94K tonnes) were the main suppliers of asparagus imports to the U.S. In value terms, Mexico ($385M) and Peru ($328M) constituted the largest asparagus suppliers to the U.S.

Mexico managed to ramp up supplies to America (by +22.7% y-o-y in physical terms) at low prices. At the same time, Peru saw import value growth of +21.5% y-o-y against reduced import volume.

The average asparagus import price stood at $2,707 per tonne in 2020, falling by -7.6% 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 Peru ($3,498 per tonne), while the price for Mexico amounted to $2,260 per tonne. In 2020, the most notable rate of growth in terms of prices was attained by Peru (+53.0% per year).

Source: IndexBox Platform

sensors market

Top 4 Trends Set to Drive the Pressure Sensors Market Forecast

The growing adoption of pressure sensors across the oil & gas industry has significantly influenced the global pressure sensors market size. The deployment of pressure sensors has increased with numerous oil & gas manufacturers conducting large-scaled explorations for discovering crude oil reserves. This is crucial because pressure sensors are integrated across different oil & gas manufacturing components such as compressors, pipelines, offshore drills, pumping systems, and pressure vessels.

It would thus be sale to declare that with increasing crude reserve discoveries, the demand for pressure sensors will escalate over the forthcoming years.

According to the research conducted by Global Market Insights Inc., pressure sensors market is speculated to exceed USD 13.5 billion by the end of 2027.

Various industry players operating in the market are involved in strategic merger & acquisition activities to gain a competitive advantage and expand business operations. For instance, in March 2020, TE Connectivity acquired majority stakes of First Sensor AG. This acquisition is expected to help the company in expanding its product portfolio of advanced pressure sensors offering customized solutions across a range of industries.

Here are some trends that will propel pressure sensors market growth over 2021 to 2027:

Increasing adoption of gauge pressure sensors

Gauge pressure sensors are being increasingly used in HVAC control systems across industrial and residential sectors. These sensors calculate the relative pressure in reference to the varying atmospheric pressure. Calculating relative pressure is important for efficient functioning of HVAC control systems. Owing to this, gauge sensors accounted for a 13.5% market share in 2020 and are anticipated to proliferate at a substantial rate during the study time span.

Advancements in resonant solid-state technology to increase demand for pressure sensors

Pressure sensors developed using resonant solid-state technology are highly stable, consume low power, and measure pressure with utmost precision. In addition, the vigorous nature of these sensors allow them to sustain under extreme environments like high temperatures, thereby increasing their utility across the chemical, pharmaceutical, and aerospace industries. Driven by these factors, the resonant solid-state technology accounted for a 13% market share in 2020 and is predicted to proliferate at a CAGR of 7% through 2027.

Increasing demand for industrial applications

Amongst all the applications of pressure sensors, the industrial application acquired a market share of 22% in 2020 and is poised to proliferate at a CAGR of 7.5% during the stipulated time span. Increasing support from governments of developed economies like the U.S., South Korea, and Germany for establishing smart manufacturing facilities can be attributed to this growth. Pressure sensors are used in smart factories for applications that need to measure or control pressure. They are deployed across a variety of components like pneumatic systems, compressors, hydraulics, and air pressure drives across smart manufacturing facilities. Owing to all these factors, the adoption of pressure sensors is likely to increase in the years to come.

Expanding automotive industry across Europe

Europe is home to some of the top automotive manufacturers like Daimler AG, PSA Group, Audi, and BMW Group. Automobiles are integrated with pressure sensors across their gearbox, transmission, braking system, cooling system, and fuel system. In addition, the automotive sector has inculcated advanced tech like ADAS in upcoming self-driving cars. Owing to all these factors, the market for pressure sensors in Europe will exhibit a CAGR of 6.5% over the forecasted time span.

Sustainable

How Sustainable Practices Can Bolster the Global Economy

Consumer demand for sustainable products is at an all-time high, likely due to a growing understanding of how consumption and energy use can impact the environment. In response, businesses are prioritizing sustainable practices and committing to goals to reduce consumption of resources, production of carbon emissions and generation of waste products.

While discussions of sustainability often center on the cost of sustainable practices, they could also be a major driver of growth for markets around the world. This is how eco-friendly practices could bolster the global economy as sustainability becomes a top business priority over the next few years.

Low-Waste Manufacturing and Safeguarding Raw Materials

Often, a key benefit of new sustainable technologies is their ability to reduce waste. They help manufacturers do more with less, reduce costs and ensure the availability of resources in the future.

For example, additive technologies, like 3D printing, are generating interest partly because they produce very little waste compared to conventional manufacturing. The process of adding material to a base via printing, rather than cutting it away to create the desired shape, makes it easier to minimize the by-product a project generates.

The growing availability of sustainable printing materials, like wood and metal, means manufacturers can also use 3D printing to mass-produce items with minimal waste.

These goods can also be more sustainable than those produced traditionally.

Some research has also found that 3D printing can use less energy than conventional manufacturing techniques, further reducing the environmental footprint. By reducing waste and resource consumption, sustainability may help manufacturers reduce costs and secure a competitive advantage.

Other manufacturing approaches look to recapture existing waste or find ways to turn it into resources other businesses may overlook. Reclaimed and recycled materials are an increasingly popular method for making manufacturing processes more sustainable.

Even as raw materials become more expensive, businesses can keep costs low by finding ways to take advantage of used materials that were set to go to landfills.

Practices that conserve limited raw materials in the first place can also safeguard future profits. Sustainable aquaculture can help fishermen limit resource consumption while avoiding overharvesting, which can result in smaller hauls and lower available revenue in the future. Sustainable lobster fishing uses techniques like v-notching — the marking of female lobsters with eggs — and trap size limits to preserve a population large enough to meet current and future demand.

In most industries, the availability of future resources will be dependent on current resource use to one extent or another. Sustainable resource generation and low-waste manufacturing are essential for businesses wanting to secure future growth.

 

Creating New Markets With Innovative Sustainable Products

Some products also create new opportunities for consumers. Many of these sustainable items are driving significant growth and reinvigorating markets that have been struggling over the past few years.

One of the best examples of these products is the e-bike, a transportation option often recommended to people wanting to reduce their carbon footprint. Unlike electric vehicles, which are typically thought of as a sustainable alternative to conventional cars, e-bikes create a sustainable transportation option that fills a formerly neglected demand niche.

These bikes are outfitted with a small electric motor and battery. They offer improved mobility and range over a standard bicycle, without the high speed or mechanical complexity of a vehicle like a moped or motorcycle.

In areas where environmental factors make bike travel impractical — like steep hills or long distances between important locations — e-bikes may still function as an effective means of travel. Also, because they can be plugged into any standard outlet, users in areas without EV infrastructure can adopt the bikes without worrying about running out of charge.

There is significant evidence that demand for e-bikes is one of the primary drivers behind the growth in bicycling right now. As imports of pedal-only bikes tanked in 2019 and 2020, there was an explosive increase in e-bike demand. Estimates of the market growth often have it on track to grow noticeably faster than the bike market in the near future, and some observers predict these bikes will eclipse standard options in the next few years.

For people living in or returning to cities and other population-dense areas, transportation options like e-bikes are likely to become much more popular. While bikes aren’t always an effective transportation option, e-bikes may mean consumers won’t have to turn to gas-powered methods — like public transit, conventional cars or mopeds — to get around.

Reducing Resource Consumption

The ongoing pivot to sustainable practices is also changing how and where businesses operate. One of the most significant changes has been in how buildings are designed, built and operated. Companies and architectural firms are starting to take advantage of innovative design techniques and new smart technology to reduce the resources needed to keep new buildings operational.

For example, whole-building design techniques change how structures are organized to save money or reduce energy consumption. Clever window placement can significantly increase the amount of natural lighting an office receives. This can make a building more pleasant for its occupants and reduce electricity costs.

Smart lighting systems, which can automatically adjust artificial sources based on the time of day and how much natural light a room is receiving, can optimize things even further.

Similar design strategies can help businesses cut down water usage or optimize an HVAC system. According to some industry experts, the use of high-performance HVAC equipment can result in cost cuts, emissions reductions and energy savings of up to 40% or more.

Whole-building design techniques can offer greater savings while also reducing the amount of work HVAC systems need to perform to keep a building comfortable. This can reduce the wear and tear in normal operations, meaning components may not have to be replaced or repaired as often.

Sustainability Is Driving Growth Around the World

In the near future, sustainable practices will be key drivers of business growth.

The more mindful use of resources will help ensure businesses minimize waste and keep raw materials available well into the future. New building design strategies will make offices and factories more comfortable and efficient, reducing resource consumption while boosting productivity.

Sustainable business strategies may also meet customer demands that were previously being ignored, such as the use of e-bikes. All these practices will help drive the economy to new heights and help the planet at the same time, something that benefits everyone.