Articles
Global Economy
Reducing the Impact of Global Events
The global supply chain became even more connected in 2022. The U.S. Commerce Department reported record exports to 73 countries last year, and record imports from 90 nations. But the supply chain remained highly fragile and became a bigger responsibility to manage.
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Are Things Looking Up?
As 2023 began, the global economy focused on inflation and recession fears. Now add geopolitical tensions and domestic challenges in key markets that are slowing return to sustained growth, according to KPMG’s latest Global Economic Outlook report. Pressure on global supply chains has eased in 2023 and shipping costs have dropped, which should alleviate some […]
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Shippers, It’s Time to Seize the Moment and Take Control of Your Rates
The transportation and logistics industry ecosystem continues to adapt and innovate as conditions shift. In the past couple years, shippers have had to contend with increased direct rates and exposure to the spot market, as well as supply chain disruption caused by macroeconomic conditions such as the Covid-19 pandemic. Now, there’s finally a window of […]
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Incoterms: The Good, The Bad, and The Ambiguous
Incoterms are a set of international rules that interpret the most commonly used trade terms. Applying Incoterms to sales and purchase contracts makes global trade easier and helps partners in different countries understand one another.
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You’re Invited To: Bring New Trading Partners to the Party
More U.S. companies are asking a Plus One guest to join China sourcing strategies, inviting suppliers beyond the border of the world’s primary outsourcing powerhouse to the dance.
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War in Ukraine Squeezes Shipping
More than one year after Russia’s initial invasion of Ukraine, global supply chains are feeling the impact. In the months after the invasion, total vessels moving in and out of Ukraine dropped from 109 in January 2022 to just two in June 2022, according to data tracked by project44. Combine the lack of vessel movement […]
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What Keeps CEOs Up at Night?
Fears of inflation, recession, and overall slow growth are the top worries interrupting the sleep of many CEOs around the world.
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Transportation Strategies to Offset Inflation
Business professionals have had a tough time navigating fluctuating logistics costs over the past two years. But hold on! There are ways to keep your balance while negotiating price increases.
Read MoreSouth of the Border Imports Boom
Driven by demand for boats, vehicles, vehicle parts, computer parts, and oil, Mexican imports to the United States rose 19.5% year-over-year in 2022 to reach $479.6 billion according to Mexico’s National Institute of Statistics, Geography, and Informatics. Some segments, such as motor vehicle parts, are returning to pre-pandemic levels. Additionally, data from project44 shows that […]
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Overcoming Global Trade Barriers
Lockdowns, land wars, and rising costs had companies scrambling to keep sourcing intact in 2022. Is reshoring the key to unlocking international trade challenges?
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