Supply Chain Buzz 7/17
1. Apple announces $300mn clean energy fund for Chinese supply chain. The fund will invest in and develop clean energy projects totalling more than 1 gigawatt of renewable energy in China, the equivalent of powering nearly 1 million homes. ”At Apple, we are proud to join with companies that are stepping up to address the climate challenge,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives.
2. Port of Oakland’s monthly volume report reflects trade war tensions. While the Port of Oakland is widely recognized as the chief U.S. West Coast gateway for exports, volume is down 1.8 percent through six months of 2018. Exports decreased 4.7 percent in June, which port spokesmen attribute to a strong U.S. dollar which makes American goods costlier overseas.
3. Ocean rates prepare to skyrocket in July. The rise in demand may also be reflected in freight rates, as the downward trend began to reverse in May. Rates from China to the U.S. West Coast rose 28.0% in May on a MoM basis, and by June, had risen 1.52% compared to the previous year. East Coast shippers saw rates rise by 3.9% YoY in June 2018. You can request a quote with us at email@example.com.