USDA 2022 Hop Report
The UDSA’s recently released hop report for 2022 details a crop total of 101 million pounds across Washington, Idaho, and Oregon. This represents a 12 percent drop in hop production compared to the previous year. For a full state-by-state breakdown of acreage, yield, and price per pound, read the report here.
January Market Update
From increased fuel prices, to strikes across the global supply chain, record wait times at our ports and limited truckload capacity, 2022 presented us with many challenges. Despite these difficulties, BSG is thankful for and proud of our successes.
Through dedication and collaboration with our customers, we have been able to adapt and find new ways to mitigate many of the disruptions affecting the global supply chain.
By continuing to source new logistics solutions and partnerships with our customers, we are confident in our ability as a company to manage these issues in 2023 and beyond.
Logistics Update 2023:
- Diesel fuel prices have now fallen for several weeks in a row. A trend of declining prices is beginning to emerge. Forecasts show a predicted average rate decrease to market norms by mid-2023.
- Full truckload volumes continue to drop due to an increase in capacity and the slowing of several industries (primarily produce and retail). This allows more opportunity for load consolidations and conversion. BSG continues to focus on shifting volume out of the LTL network and onto FTL or our local delivery programs whenever possible.
- New logistics technologies continue to emerge that not only help BSG manage our supply chains more efficiently, but give our customers greater visibility, reliability, and early communications. BSG is intent on bringing some of these solutions to market for our customers early in 2023.
- For the first time in several months, we are seeing signs that LTL (Less-Than-Truckload) volumes are peaking and possibly shrinking. LTL has been the most challenged domestic transportation mode and we are anticipating capacity opening up this winter, leading to a higher percentage of on-time deliveries.
- BSG’s experienced Logistics Team continues to anticipate and minimize potential disruptions to our customer’s supply chain. We are actively sourcing new technologies and new carrier partners to increase visibility, reliability, and consistency to our customers.
BSG is determined to remain a shipper of choice for our carrier networks. Freight rates, service and delivery execution matter now more than ever, and we are committed to providing industry leading transportation solutions for our customers in 2023.
Ways to minimize delays and freight cost:
- Allow extra lead time. When possible, allow for 72 hours lead time when placing an order. Building in longer lead times is the best way to help us keep your freight costs down!
- Let us know your plans. Providing a forecast on major changes to your current order quantities will help us secure additional capacity in advance. Also consider increasing safety stock on your staple ingredients.
- Anticipate extra time for special delivery requests. Plan in additional time for any special delivery requests such as liftgate, call-ahead, or straight truck delivery.
BSG would love to leverage our supply chain and logistics experience to help your business. If you have any questions about receiving freight, carrier selection, consistent delivery times, or similar – we are here to assist!
Contact our Logistics team directly at BSGLogisticsGroup@bsgcraft.com.