are primarily due to ships waiting for up to three weeks outside harbours on the west coast of the US, on the busiest shipping trade route in the world between China and the US. The busiest route is no longer across the Atlantic between the US and Europe, with this traditional route only in third place, with the route between Asia and Europe in second place. The same trend is now also showing for air freight, according to the Ctrack Freight Transport Index.
“It is no secret that the global supply chain is broken and facing unprecedented disruptions caused by the Covid-19 pandemic, as well as a variety of external factors in various markets. The uncertainty and unpredictability of doing business in this environment once again highlights the importance of a reliable tracking and logistics management partner,” says Hein Jordt, managing director of Ctrack SA.
Ongoing disruptions to the global supply chain, such as the Ever Given getting stuck in the Suez Canal, riots and computer hacks in the port of Durban, electricity shortages in China and Europe and the general mess caused by Covid-19, made this even worse by also causing a container shortage, Jordt says.
South Africa had its own supply chain problems, with the riots in KwaZulu-Natal in July and the Transnet hack shortly after, the index shows. The broken global supply chain has been felt locally by the internationally linked freight sectors of sea and air freight over the past three months. The overall index recorded a 0.6% increase over the quarter ending in August, reflecting the overall impact of the riots and warehouse looting, as well as the Transnet container hack. The month of August has already seen a positive impact due to rebuilding and restocking efforts, but this must be carefully considered as the global supply constraints are yet to be factored into this algorithm.
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