Global Economy Archives - Page 3 of 12

Canada-U.S. Trade: Connections

The tight relationship between the United States and its northern neighbor makes cross-border trade seamless and efficient. Logistics professionals leverage these connections to keep goods flowing and supply chains humming.

April 16, 2021 | Export | Global Economy | Import

U.S. Trade Ups and Downs

Exports and imports of goods and services in the United States decreased 12.3% to $4.9 trillion in 2020, the largest nominal decrease since 2009, according to data from the U.S. Department of Commerce. Exports decreased by 15.7% while imports decreased by 9.5%. Total trade decreased as well, representing 23.6% of gross domestic product in 2020, […]

January 14, 2021 | Global Economy | Global Logistics | Global Trade Management

Global Trade Plateau?

Order volumes in Western economies have grown significantly, but momentum may be slowing, finds a new report.

October 23, 2020 | Freight Forwarders | Global Economy | Global Trade Management

Brexit Baffles Freight Forwarders

Most freight forwarders doubt they can handle changes to the United Kingdom’s trading relationship in 2021, including new customs documentation and procedures, according to a study by the British International Freight Association. Key findings from the report reveal: Lack of understanding: More than half of freight forwarders say they have no knowledge or need to […]

September 20, 2020 | Demand Planning | Global Economy | Supply Chain Management

Supply Chains Need Long-Term Resilience

Before COVID-19 struck, supply chains were praised for their just-in-time capabilities. Now entirely new levels of supply chain resilience are needed, according to the Council of Supply Chain Management Professionals’ (CSCMP) 2020 State of Logistics Report. In 2019, the U.S. economy achieved 2.3% growth, and the logistics sector grew to $1.65 trillion in expenditures. Productivity […]

September 2, 2020 | Global Economy | Logistics | Trucking

Florida Sets the Future

The Sunshine State is a strategic and economic powerhouse, driving companies’ logistics success and setting the stage to play an even more substantial role in the coming years.

September 1, 2020 | Air Cargo | Global Economy | Technology

Asia’s Economic Rebound

About 43% of businesses say that the majority of their global supply chains are dependent on China, and most say they won’t be able to visit those suppliers until June 2021 at the earliest (see chart), according to a study from technology platform Flexport. Asia was the first region to endure COVID-19 and reopen its […]

July 30, 2020 | Global Economy | Global Trade Management | Legislation, Public Policy, Regulations

USMCA: A Bright Light for Shippers

Many businesses around the country are suffering due to the economic impacts of COVID-19. Small and mid-sized businesses especially are being hit hard, with thousands in survival mode. Furthermore, declines in exports and global commerce are affecting the logistics and transportation sectors. However, there may be some light at the end of the tunnel.

July 29, 2020 | Global Economy | Global Trade Management

Tipping the Scales on International Trade

Several key events, including the COVID-19 pandemic, the U.S. presidential election, and the United States-Mexico-Canada Agreement (USMCA) implementation, can directly impact international trade in 2020, according to DHL’s survey of U.S. small and mid-sized businesses. DHL’s key findings include: Pullback on international business outlook: 49% of respondents say COVID-19 has caused them to take a […]

May 29, 2020 | Global Economy | Risk Management

China’s Road to Restoration

After reporting no new cases of COVID-19 in March 2020, people are going back to work in China—but companies still face a slow return to production. Not only do China’s original equipment manufacturers (OEMs) face many challenges in resuming their production capacity, but global manufacturers also feel the impact of shortages in their supply chains. […]

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