Core Insights - The article discusses the evolution of supply chains, highlighting that they have traditionally operated on a foundation of assumed trust, where documents accompanied goods throughout the process [1] Group 1 - Supply chains have historically relied on trust, with documents moving alongside goods [1]

Core Viewpoint - A significant shift in global supply chains is occurring, driven by the need for proof rather than mere slogans or pledges [1] Group 1 - The current changes in supply chains are not just superficial but are rooted in tangible evidence and actions [1] - Companies are increasingly focusing on transparency and accountability in their supply chain practices [1] - This shift may lead to more sustainable and ethical sourcing strategies across various industries [1]

Supply Chain Realignment - The share of U.S. supplier volume from China, Hong Kong, and Korea has decreased from 90% to 50% over the past decade, with this shift accelerating since the first wave of tariffs in 2018 [1] - Vietnam, Indonesia, Thailand, and India have emerged as significant beneficiaries, managing a growing share of U.S.-bound production, with supplier diversification now evenly split between North Asia and South Asia [2] Trade Dynamics - U.S. imports from China have declined by 26% year-over-year, while trade between China and Indonesia has increased by 29.2%, Vietnam by 23%, and India by 19.4% [3] - U.S. imports from Vietnam have also grown, increasing by 23% this year [3] Tariff Impact on U.S. Companies - U.S. companies are facing significant pressure from tariffs, with many firms that frontloaded inventory in early 2025 now running low, leading to rising costs and tighter cash flow [4] - The average tariff has risen from 1.5% to double digits, particularly affecting sectors like retail and generic pharmaceuticals due to their thin margins [5] Financing Needs and Trends - Over 70% of U.S. businesses surveyed reported increased cash needs compared to last year, with financing tools like HSBC's Trade Pay platform seeing a 20% increase in activity since the new tariffs were implemented in April [6] - As inventory buffers deplete, the demand for working capital is expected to continue growing [6]

NEW YORK, NY / ACCESS Newswire / November 28, 2025 / For decades, global supply chains operated on a simple assumption. If the paperwork looked right, the shipment must be legitimate. ...

RT Bloomberg New Economy (@BBGNewEconomy)U.S. imports from Asia haven’t slowed — they’ve shifted. As China’s share declines, shipments from Taiwan and Southeast Asia are taking over. We take a closer look in the #ChartoftheWeek.For more insights on the forces reshaping global supply chains, tune into the #BloombergNewEconomy livestream starting 11/19 at 8:00 AM SGT.⏯️https://t.co/ONy6DyUDbF ...

Core Insights - Most technologies disrupt a single sector, but a rare few create an entirely new layer that industries can integrate into [1] Group 1 - Technologies that disrupt a single sector are common, indicating a typical pattern of innovation [1] - A select few technologies have the potential to establish a new layer, which can be utilized across various industries [1]

Geopolitical & Economic Concerns - The US government aims to help China, but will not tolerate economic coercion that slows the global economy; such actions will hurt China the most [1] - The US and its allies will not be commanded or controlled by China's command and control economy [2] - China's export controls are unacceptable to the entire world [2] - China cannot be trusted with the global supply chain [4] - China is fueling Russia's war, highlighting the risk of dependence on China for rare earths and other goods [5] Trade & Tariffs - The US is currently in a 90-day roll on tariffs [5] - A longer role in return for a delay is possible, subject to negotiations before the leaders meet in Korea [6] Supply Chain Issues - Some US auto companies reported a slowdown in magnets, which the Chinese attributed to a holiday [3] - The slowdown in magnets is a clear sign to US allies that collaboration is essential [4]

Global Supply Chains - Europe is not in a position to dominate global supply chains [1] - The United States is not an easy partner to work with [1] - Cooperation between Europe and the United States is necessary [1] Geopolitics - Geoffrey Gertz made the comments at BloombergTech's Opening Night debate [1]

Core Insights - Prologis convened leaders from business, government, and academia at the GROUNDBREAKERS 2025 forum to discuss the intersection of energy reliability and AI in global supply chains [1][2] - U.S. Secretary of the Interior Doug Burgum emphasized the importance of energy abundance for technological advancement, particularly in AI, and the need for reliable and affordable energy to foster economic growth [2] - Prologis CEO Hamid R. Moghadam highlighted the necessity of integrating both renewable and traditional energy sources to meet future demands [2] Panel Highlights - The panel on Global Trade featured discussions on the importance of resilience and sustainability in supply chains, with MIT's Yossi Sheffi noting that building resilience incurs costs similar to purchasing insurance [3] - The Future of Energy panel addressed energy reliability as a critical concern for global supply chain executives, advocating for greater integration of infrastructure and energy decision-making [4] - The Delivery & Autonomy panel discussed the impact of autonomous systems on logistics, stressing the need for competitive network readiness to leverage American innovation [4] - A session on Food Systems emphasized the need for agility in food production to adapt to changing consumer demands, with industry leaders noting that large companies often lack the nimbleness required [4] Upcoming Events - The 2028 Summer Olympic Games were highlighted as a significant logistical challenge, with expectations that it will be the largest in Olympic history [5] Space and Defense - A discussion on space and defense underscored the importance of innovation and collaboration in enhancing resilience and security for commerce on Earth [6][7] Additional Information - Prologis positions itself as a leader in logistics, focusing on creating intelligent infrastructure that connects digital and physical worlds, promoting agile supply chains and clean energy solutions [8]

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the impact of tariffs on global supply chains, particularly freight flows from China to the USA, highlighting ongoing volatility and potential near-term weaknesses in imports [1][2][4]. Core Observations - Laden vessels from China to the USA decreased by 5% sequentially and 21% year-over-year (YoY) [3][8]. - Expected imports into the Port of Los Angeles are projected to decline by 15% in the upcoming week, with a further anticipated drop of 31% two weeks later [3][36]. - Rail intermodal volumes on the West Coast saw a 1% YoY decline, indicating a potential shift in import trends [3][43]. - Ocean container rates fell by 10% sequentially and are down 76% YoY, reflecting significant pressure on shipping costs [3][32]. Tariff Impact and Future Projections - The uncertainty surrounding tariffs may lead shippers and retailers to delay orders, potentially resulting in an underwhelming peak season for freight volumes and revenues [5][6]. - A potential re-stock event in 2026 could occur if consumer spending remains resilient during the 2025 holiday season, which would positively impact freight flows and margins [5][6]. Stock Recommendations - The report suggests that transport stocks may face downward pressure in the second half of 2025 if consumer demand does not increase [6][7]. - Freight forwarders like EXPD and CHRW are expected to benefit from volatility and potential surges in demand due to tariff-related delays [6][7]. - Parcel services (UPS and FDX) are also positioned to capitalize on increased demand for air freight during this period [6][7]. Additional Insights - The report emphasizes the importance of analyzing high-frequency data to understand trade volumes and pricing trends, cautioning against drawing conclusions from short-term fluctuations [2][8]. - The Logistics Managers Index indicates that upstream inventories are expanding while downstream retail inventories are contracting, suggesting a potential mismatch in supply chain dynamics [70][71]. - The Supply Chain Congestion Tracker indicates that overall fluidity levels are returning to pre-COVID baselines, reflecting improvements in logistics [48][50]. Conclusion - The ongoing volatility in freight flows from China to the USA, influenced by tariff policies and consumer demand, presents both risks and opportunities for investors in the transport sector. The potential for a re-stock event in 2026 could provide a favorable outlook if consumer resilience persists [5][6].