The Global Supply Chain Pressures Index (GSCPI) reported at 1.05 in September 2022, just a quarter of the peak reported in December 2021, has shown that disruption The supply chain segment has been improved for the better.
The index is at this level similar to that reported in November to December 2020. While some ports, such as Houston, have seen high levels of congestion (around six weeks) due to an increase on output. Global port congestion appears to have eased from its December 2021 to January 2022 peak. The Freightos Baltic Index fell 9%, to $3.699, roughly on par with the World Containers Index of Drewry, has dropped to a third of its peak rates.
FBX12 reported a 22% drop in Nordic to China/Asia rates and recorded its lowest quote ever at $375. Meanwhile, US West Coast to China (FBX01) rates were reported at $2.435, even lower than those reported by Drewry's.
Cargo volumes at US ports also seem to point to/reflect this, with August throughput at the ports of New York, New Jersey, Los Angeles and Long Beach being lower than last year, around the time the indices peaked (September 2021). The reduction ranges from -0.5% to -16%. Global Schedule Confidence at 47%, close to December 2020 level, which reflects reduced Global Supply Chain pressure.
Everyone will focus on the US September inflation report, expected this week. This could give transportation analysts a signal where rates are headed in the near future. Rates are unpredictable, as the holiday season coincides with peak demand, however, this year has been pre-planned from importers and retailers and we could see a surplus of inventory in USA.
While China reopens this week, some analysts see the massive drop in spot rates as a selling proposition to further boost the country's exports, which have been quiet. Despite the negative overall picture, rates on US-Europe trade routes are at record highs as previously reported by Drewry's, similarly, rates on China-Africa and Europe trades Europe and South America also increased.
Outside the United States, global demand for Chinese products is hitting new highs. Despite being a major target of U.S. tariffs, China has strengthened its trade relationships across Africa, Southeast Asia, and Europe in 2025. While China cements its role as a global export leader, the U.S. is increasingly shifting its focus toward self-reliance.
The “China +1” strategy, once seen as a temporary plan to diversify production outside of China, has now evolved into a long-term restructuring of global supply chains. Increasingly
Vietnamese food and spice producers are making steady progress in international markets by focusing on “real quality.” By combining authentic local flavors with strict international certifications, they are strengthening their competitiveness and building trust among global buyers.
Recently, Glotrans Vietnam once again affirmed its capability in the field of Project Cargo transportation by successfully completing a special shipment from Shanghai, China to Cat Lai Port, Ho Chi Minh City.
In the joyful spirit of celebrating Vietnamese Women’s Day on October 20th, Glotrans Vietnam organized a warm and intimate ceremony to express appreciation to all female staff across the system. The event was a heartfelt thank-you to the wonderful women – the “flowers” who contribute to the success and unity of the Glotrans family.
Recently, Glotrans Vietnam organized a warm and joyful birthday celebration for employees born in October across all branches and offices nationwide.
