Coronavirus Update - November 24
Posted on November 24, 2020
Allyn International is committed to providing you with the latest updates during this very fluid and everchanging period. Our goal with the information provided below is to give you at a high-level, a current overview of the most heavily impacted regions.
The British-Swedish pharmaceutical company AstraZeneca announced its COVID-19 vaccine was 70.4% effective; making it the third vaccine developer this month to announce encouraging trial results. Along with their partner Oxford University, AstraZeneca plans to seek emergency authorization in Europe and Brazil.
The following tables will provide the current cargo transport operational status and capacity levels for heavily affected countries.
- Limited capacity from Australia to the Americas, Asia Pacific, Europe and the Middle East. Minor container shortages.
- Limited capacity from Japan to the Americas and the Asia Pacific. Capacity is available to Europe, the Middle East and Africa. Slight container shortages.
- Capacity is low from South Korea to Europe, Asia Pacific, and the Americas. Capacity is available to the Middle East and Africa. Major container shortages.
- Capacity is very low from Brazil across all trade lanes. Minor to medium container shortages.
- Capacity is very low or not available from India across all trade lanes. Major container shortages.
- Capacity is available from Singapore across all trade lanes except the Americas, where capacity is limited. Minor to medium container shortages.
- Capacity is limited from the UAE across all trade lanes. Little to no container shortages.
United States of America Domestic Trucking Overview – Updated 11.24.2020
• The dry van spot rate is currently $2.45 (0% week over week) per mile, while flatbed and reefer spot rates are $2.42 (-0.4% week over week) and $2.6 (-1% week over week) respectively.
If you have any questions regarding the impact of the coronavirus to your supply chain or would like additional research and market intelligence, please contact our Americas Consulting and Sourcing manager Mitchell Turiel at Turiel.m@allynintl.com or (239) 219-7179.
