Articles
Global Logistics
Top Maritime CEOs Go All-In on Decarbonization Efforts
Top executives from major global shipping lines have come together in a united move, urging the International Maritime Organization (IMO) to set an end date for fossil fuel-only newbuilds. A collaboration of global shipping leaders presented a joint declaration last week at COP28 (taking place in Dubai through December 12) aiming to accelerate the adoption […]
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President Biden Launches Council on Supply Chain Resilience
President Biden and his administration have introduced an ambitious array of strategies, acknowledging the vital role that strong supply chains play in stabilizing the economy.
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The New Global Supply Chain: The Domino Effect of Geopolitical Tensions between China and the United States
With geopolitical tensions between the United States and China drastically increasing in the past year, global supply chains have shifted. Companies around the world are forced to diversify their supply chains to mitigate disruptions, reduce risk, and increase supply continuity. Here’s how we got here, where things currently stand, and how companies can move forward.
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TAKEAWAYS: Shaping the Future of the Global Supply Chain
From a robotics and warehouse automation update to a look at the impact of congestion at the Panama Canal on long-distance shippers, here are current supply chain trends that will affect outlooks and strategies.
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Global Logistics Essentials: What to Know Before You Source, Import, or Export
Global logistics brings both challenges and opportunities for today’s shippers. Here, we break down the nitty-gritty details every importer and exporter needs to know.
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Aircraft Shortage: The Plane Truth
Expected aircraft engine shortages will have a substantial impact on the global supply chain’s cargo capacity and more. Fewer available aircrafts, combined with growing demand for air cargo services, could lead to a surge in freight rates, significantly affecting businesses reliant on air for time-sensitive or high-value goods.
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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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Panama Canal: Drought, Shipping, and the Supply Chain
The past few months have been unusually dry across Panama and there is no sign of improvement over the next few weeks, let alone the rest of the spring season. In 2022, nearly 15,000 vessels with 520 million tons of cargo passed through the channel.
This year, there’s simply not enough water – leading to vessel restrictions and ultimately fewer goods able to travel through this area that normally moves about 6% of global maritime trade. Everstream Analytics’ Chief Meteorologist Jon Davis reveals how low rain levels at the Panama Canal are set to impact supply chains.
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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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Preparing Now For What the Future May Bring
In 2022, it became clear that effective supply chain risk management (SCRM) is not a luxury but a necessity. The year saw numerous disruptions to global supply chains, including Russia’s invasion of Ukraine, the Log4Shell vulnerability, and concerns over rail strikes.
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Ukraine War’s Supply Chain Impact
In February 2022, Russian forces invaded Ukraine. While this is a terrible humanitarian event, it also impacts the global economy. There are economic repercussions not only in Europe, but also across the globe, especially since the timing of the war was not ideal.
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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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With a Little Help From My Friendshoring
For more than 40 years, economic policies encouraged companies in the developed world to move production offshore to reap the benefits of cheap labor and raw materials. But times are changing.
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Education: A Call to Action
A lot of transportation, logistics, and supply chain expertise is cycling out of day-to-day operations in the United States and it is worrisome.
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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VERTICAL FOCUS: Raw Materials
Insight into the latest supply chain trends for raw materials.
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Business as Unusual
A new IBM survey of 1,500 chief supply chain officers (CSCOs) reveals that supply chain leaders have accepted their fate: Business will continue to be anything but typical for the immediate future. The main focus for CSCOs now is to prepare for what happens next.
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Acquiring Minds Want To Know
A new report by Barclays Corporate Banking finds that nearly half of all UK logistics businesses are likely to make an acquisition in the next 12 months as they look to expand operations and become more competitive—the highest figure recorded in the survey’s 10-year history.
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