Weekly Update Week 28: July 10th – 14th

Just in Time Inventory, LCL Space, Canadian Strikes, Authorities Managing Panama Canal

Operations Update

Just in Time Inventory
Did your favorite producer just complete their latest bottling? Are some SKUs selling faster than you thought?  Get on top of your inventory with LCL’s small, frequent shipments. LCL rates are the lowest they’ve been in years so you can feel good about your Just in Time inventory.

We currently have space on the following lower volume LCL lanes.  Space will be allocated on a first come first served basis:

France to OAK:  100 cases

Spain to OAK:  100 cases

Italy to OAK:  750 cases

Portugal to NY:  600 cases

Portugal to OAK: 150 cases

South America to NY:  900 cases

New Zealand to OAK:  900 Cases

Australia to NY:  500

Germany to NY:  Building a new container for August

Please reach out to your account manager or support@elentenyimports.com

Authorities managing the Panama Canal are continuing draft restrictions first put into effect in April.  As the drought has persisted and water levels dropped by several feet, larger container ships now carry 25% less than earlier this year. Maersk has just announced a surcharge of $350 a container effective for shipments originating after August 1st.  It is likely the other shipping alliances will follow suit.

The ILWU in Vancouver, British Columbia have been on strike since July 1st and the action is expected to result in delays south of the border. Yesterday, both sides were reviewing a potential settlement offer brokered by the Canadian government, and were given 24 hours to respond. For their part, the ILWU’s U.S. counterparts have decided to show solidarity by refusing to work containers bound for Canadian ports, however they will not be able to realistically identify any redirected containers or carry out this threat. US ports will be forced to absorb some of the contents of the 16 vessels turned away so far from Vancouver, and as of today the backlog stands at 63,000 TEUs. That number is expected to hit 245,000 by July 31. We continue to monitor the situation.

News to Know

IMO wants to reduce carbon emissions by 50%. China is pushing back.  IMO on brink of ‘historic failure’ as crunch green talks get underway – Splash247

Better taste, bigger market, non-alcoholic wines make their entrance. Germany Is Driving the Quality Revolution for Non-Alcoholic Wine | SevenFifty Daily

Experts expect ripple effects from the Canadian strike. Trade Associations Worried About the Canadian Ports Strike

Bon Jovi and son sell the market’s fastest growing Roses (HamptonWater). See how they use Tik Tok to stir up business.   https://www.tiktok.com/@hamptonwater

Age and glasses of wine should never be counted.

— Italian Proverb

Cheers, Elenteny Imports