May 18, 2020

Over 250 factories in the United States have reported status updates to Lumi this week. 

US manufacturing

There have been no newly reported factory closures. All manufacturers within Lumi’s network are operational. Given demand plan for delays of up to one week.

China manufacturing

Manufacturers are operating at full capacity and have mostly recovered from the backlog of orders.

Freight

Ocean freight rates fell slightly though remain relatively stable due to scheduled cancellations. Some carriers have added additional vessels to their June sailing schedules. It is unclear the impact this will have on rates and availability. Plan for 1-2 week delays until more information is available.

The conversion of passenger jets to air cargo has mostly restored capacity. Air freight rates remain high due to the increased demand, though are leveling out.