i3 - May/June 2020 - 33

Policy

TOP FIVE
TRADING
PARTNERS
Cargo Value, 2019

$128 billion
China/Hong Kong

$38 billion
Japan

$21 billion
Vietnam

$15 billion
South Korea

$15 billion
Taiwan

TOP FIVE
FOREIGN
TRADE ROUTES
Percent of Total Value, 2019

74%

Northeast Asia

19%

Southeast Asia

2%

India Sub-continent

2%

Northern Europe

1%

Mexico/Central America

C TA . t e c h / i 3

i3_0520_Policy_News_TradeAndSupply.indd 33

The Port of Los Angeles
is designated as the
most industrious container port in the
Western Hemisphere.

Protection, Los Angeles
County Department of
Public Health and other
emergency and public
health agencies to keep
cargo flowing.
Of critical necessity,
processing shipments
that address COVID-19
for hospitals, first
responders and critical
infrastructure is a top
priority. And part of
that exercise is to
ensure that port logistics are flowing as
smoothly as possible.
China's COVID-19
crisis impacted cargo
movement first, and
now with the slow-down
in the U.S. economy
cargo movement is again
being impacted. "We
had 41 blank sailings from mid-February
to April 1, and that represented about
25% of normal ship calls in LA. That had
waned, but now we are seeing the next
wave of blank sailings," Seroka said.
"We have put drones up in the air to
look at all of the terminals on our property, the rail connectors, as well as our
truck gate activity. Currently, our cargo
is moving fluidly. We are moving about
half the amount of cargo that we did at
the height of the U.S. - China trade war
in Q3 of 2019. We have the ability to
take on more cargo, but we are seeing a
relatively soft market. The effects of
both the trade war and COVID-19 will
last more than likely through the end of
this year - the unevenness of imports
and exports, the specificity of demand
and what our consumer market will do
which makes up 70% of GDP."

He added, "We do have a down line
look at vessels that have been loaded
and are moving through the system
from Asia and we also have a strong look
from all of the steamship lines." Seroka
added, "There may be slight uptick in
volume from China at the end of April
as China's manufacturing community
slowly comes back online, but we don't
see volume spiking anytime soon. Larger
ships are starting to come to the port,
and we will see an evacuation of empties
and distressed exports making their way
back to Asia in preparation for China's
return, albeit slowly, in the manufacturing space."
Ports are attempting to address empty
containers and get exports moving. One
issue they have faced is storage space,
and a large part of that problem stems
from the trade war with China. In an
effort to beat paying higher tariffs, companies across the nation shipped cargo
in advance of tariff hikes. As a result,
storage vacancy at the Port of LA fell as
to low as 1%. Port officials have been
busy working down that inventory and
trying to get boxes and chassis moving
to better prepare for COVID-19
response. A buildup of cargo could
impede the expeditated movement of
key medical supplies.
It is with those key medical supplies in
mind that Mayor Eric Garcetti recently
named Seroka the city's chief logistics officer, concurrent with his position as director, to ensure medical supplies are moved
quickly to where they are needed. Seroka
emphasized the critical need for N95
masks, face guards, and ventilators among
other medical items, and put out a plea to
companies and organizations for help.
The newly launched Victory LA
(LOVLA) will work with outside organizations to manufacture, procure and expedite goods to first responders and
hospitals. If your company has products
or services to donate, Seroka urges you to
connect with them. For information, visit
LOVLA@portla.org.
MAY/JUNE 2020

33

5/7/20 3:00 PM


http://CTA.tech/i3

i3 - May/June 2020

Table of Contents for the Digital Edition of i3 - May/June 2020

Contents
i3 - May/June 2020 - Cover1
i3 - May/June 2020 - Cover2
i3 - May/June 2020 - Contents
i3 - May/June 2020 - 2
i3 - May/June 2020 - 3
i3 - May/June 2020 - 4
i3 - May/June 2020 - 5
i3 - May/June 2020 - 6
i3 - May/June 2020 - 7
i3 - May/June 2020 - 8
i3 - May/June 2020 - 9
i3 - May/June 2020 - 10
i3 - May/June 2020 - 11
i3 - May/June 2020 - 12
i3 - May/June 2020 - 13
i3 - May/June 2020 - 14
i3 - May/June 2020 - 15
i3 - May/June 2020 - 16
i3 - May/June 2020 - 17
i3 - May/June 2020 - 18
i3 - May/June 2020 - 19
i3 - May/June 2020 - 20
i3 - May/June 2020 - 21
i3 - May/June 2020 - 22
i3 - May/June 2020 - 23
i3 - May/June 2020 - 24
i3 - May/June 2020 - 25
i3 - May/June 2020 - 26
i3 - May/June 2020 - 27
i3 - May/June 2020 - 28
i3 - May/June 2020 - 29
i3 - May/June 2020 - 30
i3 - May/June 2020 - 31
i3 - May/June 2020 - 32
i3 - May/June 2020 - 33
i3 - May/June 2020 - 34
i3 - May/June 2020 - 35
i3 - May/June 2020 - 36
i3 - May/June 2020 - 37
i3 - May/June 2020 - 38
i3 - May/June 2020 - 39
i3 - May/June 2020 - 40
i3 - May/June 2020 - 41
i3 - May/June 2020 - 42
i3 - May/June 2020 - 43
i3 - May/June 2020 - 44
i3 - May/June 2020 - Cover3
i3 - May/June 2020 - Cover4
https://www.nxtbook.com/nxtbooks/manifest/i3_20210304
https://www.nxtbook.com/nxtbooks/manifest/i3_20210102
https://www.nxtbook.com/nxtbooks/manifest/i3_20201112
https://www.nxtbook.com/nxtbooks/manifest/i3_20200910
https://www.nxtbook.com/nxtbooks/manifest/i3_20200708
https://www.nxtbook.com/nxtbooks/manifest/i3_20200506
https://www.nxtbook.com/nxtbooks/manifest/i3_20200304
https://www.nxtbook.com/nxtbooks/manifest/i3_20200102
https://www.nxtbook.com/nxtbooks/manifest/i3_20191112
https://www.nxtbook.com/nxtbooks/manifest/i3_20190910
https://www.nxtbook.com/nxtbooks/manifest/i3_20190708
https://www.nxtbook.com/nxtbooks/manifest/i3_20190506
https://www.nxtbook.com/nxtbooks/manifest/i3_20190304
https://www.nxtbook.com/nxtbooks/manifest/i3_20190102
https://www.nxtbook.com/nxtbooks/manifest/i3_20181112
https://www.nxtbook.com/nxtbooks/manifest/i3_20180910
https://www.nxtbook.com/nxtbooks/manifest/i3_20180708
https://www.nxtbook.com/nxtbooks/manifest/i3_20180506
https://www.nxtbook.com/nxtbooks/manifest/i3_20180304
https://www.nxtbook.com/nxtbooks/manifest/i3_20180102
https://www.nxtbook.com/nxtbooks/manifest/i3_20171112
https://www.nxtbook.com/nxtbooks/manifest/i3_20170910
https://www.nxtbook.com/nxtbooks/manifest/i3_20170708
https://www.nxtbook.com/nxtbooks/manifest/i3_20160102
https://www.nxtbook.com/nxtbooks/manifest/i3_20160304
https://www.nxtbook.com/nxtbooks/manifest/i3_20160506
https://www.nxtbook.com/nxtbooks/manifest/i3_20160708
https://www.nxtbook.com/nxtbooks/manifest/i3_20170506
https://www.nxtbook.com/nxtbooks/manifest/i3_20170304
https://www.nxtbook.com/nxtbooks/manifest/i3_20170102
https://www.nxtbook.com/nxtbooks/manifest/i3_20161112
https://www.nxtbook.com/nxtbooks/manifest/i3_20160910
https://www.nxtbookmedia.com