Asia Pacific is home to countries that propel growth and ignite success. Here are the key reasons motivating the world’s LSH companies to establish and expand their supply chains in this geographical region.
More and more companies are realizing the benefits of fully managing eligible free trade agreements within the Asian region.
Retailers need to come together in support of the trade agreement that will ultimately improve the industry for all. Here are three reasons why they should stand behind the passage of the Trans-Pacific Partnership.
The expansion of the Panama Canal promises significant changes in trade patterns and increased global trade. Here are three ways companies can leverage this opportunity.
Improve supply chain efficiency with these tips on how to effectively communicate with your suppliers.
South Korean ocean liner Hanjin Shipping files for bankruptcy protection in a dozen countries; Few respondents to a GT Nexus survey say they have a chief supply chain officer on hand who would be equipped to deal with supply chain disruptions; Maersk splits its transportation and oil businesses
Shippers will be feeling the ripple effects of Hanjin Shipping’s bankruptcy for weeks or months to come. Here's how looking at a past disruption can inform strategies for this current backlog.
The Panama Canal expansion, completed on June 26, 2016, will have an ever-widening impact on cargo flow across North America. Here's how the culmination of this decade-long expansion project will rewrite the rules of shipping.
The Trade Promotion Act (TPA) allows U.S. companies to expand into markets that would normally be out of reach due to trade barriers. It forges the path toward competitive opportunities and overall success in global markets for U.S. shippers.
The new de minimis rate allows e-commerce retailers to see faster customs procedures and border clearance, which will accelerate delivery speed.
For any United States-based company interested in expanding its retail logistics operations outside of the country, Asia Pacific may be the most ideal location.
Port of Hamburg unveils new traffic light system; CEVA Logistics TireCity in Italy demonstrates interest in sector-specific supply chain collaboration; China debuts longest freight rail route in the world; TPP agreement raises concerns about traceability in the seafood supply chain; Africa capital investment heats up; New G6 Alliance rotation features Polish port; Indian 3PL uses containers as mobile logistics classrooms; Intel eyes Asia for IoT ecosystem.
Middle East countries show signs of regional collaboration around transportation and logistics; China’s “red supply chain” threatens Taiwanese semiconductor industry; India looks to Korea as both a model and partner for its economic modernization program; U.S. fashion industry supports extension of African Growth & Opportunity Act; Cuba’s Port of Mariel attracts investment from CMA CGM; China looks to replicate U.S. rail freight model
Companies doing business globally are learning to be more flexible to adapt quickly to uncertainty without sacrificing economy, speed and service.
Port of Beirut plan for transshipment expansion irks truckers; New treaty greenlights Ghent–Terneuzen Canal lock upgrade; China-Europe rail development continues with UTi and Changjiu partnership; Global suppliers still laggard when it comes to environmental mitigation; Hong Kong looks to ease industrial real estate regs to create more warehouse capacity.
United Kingdom establishes national training center for fracking; China and Jamaica team up on logistics training initiatives; UK port constraints push freight flows north; Middle East air cargo carriers show robust growth
Pilot program uses drones to deliver time-sensitive goods; Canadian government lines up two new bilateral trade agreements; Labor rights causing supply chain disruption; Using social media to understand carrier usage.
Plan now to avoid supply chain disruptions from the latest Icelandic volcano eruption; Australia struggles with home delivery challenges; EU and China sign landmark customs agreement.
CeMAT 2014 showcases the latest materials handling innovations; Alibaba buys stake in Singapore Post; Paris looks to reduce city speed limits; Canadian rail industry begins phasing out DOT-111 tankers amid crude-by-rail boom; EU and China sign Customs agreement; Chinese food imports continue to grow; Nigeria looks to resurrect defunct national steamship line; Latin America is the world’s fastest growing market for software; Maersk Line voice support for Nicaragua Canal proposal.
Asia’s rapid growth presents challenges of its own, especially in the area of supply chain management.
Companies that effectively integrate trade agreements will gain a competitive edge in the marketplace.
China and Taiwan depend on one another; Emirates targets multimodal transportation infrastructure investment; Chile port strike ends, concerns remain; Free online returns stoke Canadian consumption but place onus on U.S. retailers; Europe looks to United States for re-shoring inspiration; Mondelez debuts new GS1 standard
Global dry-bulk commodity trade reveals rate growth, steadying inflation in China; Preparations for 2022 World Cup trigger DC explosion in Qatar; Supplier risk analysis will become more complex as companies expand into new global markets; Pakistani protests force U.S. military drawdown to consider $1 billion airfreight alternative; Asia truck bans taking toll on logistics industry; Africa’s piracy problem shifting to continent’s west coast; Trans-Pacific Partnership pact stalls, 2014 ratification expected; China’s Nicaraguan Canal stirs intrigue; Tesco acquires stake in “Asia’s Amazon”
Infrastructure remains India's greatest supply chain challenge; Canadian e-commerce market is catching up to speed; Maersk, Mediterranean Shipping Co. and CMA CGM form P3 Alliance
Shifting manufacturing operations in Asia back to North America provides companies more control of their supply chains, says Steve Sensing of Ryder Supply Chain Solutions.
Hong Kong strike threatens port’s reputation, shakes up competition; DUBAL turns to SAP for inbound control; NAFTA cross-border trade grows for second consecutive year amid recurring safety concerns; Texas pushes for heavier produce trucks from Mexico
Southeast Asian nations – particularly Singapore, Malaysia, Indonesia, Vietnam, and Thailand – represent a region of rapid economic growth, thanks to high U.S. import volumes. Infrastructure and regulatory challenges could impede progress, however.
For new businesses or those seeking to grow trade relationships, St. Louis represents a gateway to Asian markets, writes Tim Nowak of the World Trade Center St. Louis.
As multinational companies in the United States and around the world are increasingly influenced by changes in the international economy, global distribution networks must be fluid enough to accommodate unpredictability.
Asia today is not just about manufacturing; it's also emerging as a consumer powerhouse. To seize the opportunity, manufacturers and retailers alike are rewiring their global supply chain strategies.
Heineken implements inland barge distribution in Europe; CMA CGM, MSC, and Maersk Line partner to fight piracy; PepsiCo UK and Ireland help farm suppliers cut carbon emissions and water usage; New Dubai Logistics Corridor facilitates UAE trade; Japanese economy shows signs of rebound; Taiwan launches project to improve logistics performance.
Russia developing a super-heavy cargo plane; Suppliers cannot meet Northern Europe's demand for wind power equipment; United Arab Emirates top re-exporter of rice; Outsourcing grows in Brazil; FedEx Express expands expedited offerings in China; Luxembourg-based 3PL introduces new multimodal hanging garment container to Australian apparel industry.
UK duties hit air freight; Prince Rupert's improved performance, Garuda Indonesia rebuilds long-haul international network, Vietnam experiences trade success, US and Switzerland Eye Open Skies pact, New Canadian coalition explores opportunities to build a replacement rail tunnel under the Detroit River; German organizations join forces to support "Cargo Needs the Night" initiative; UPS Lauds US-South Korea free trade agreement, Caterpillar constructs foothold in Brazil, China looks to consolidate air cargo carriers
Asia Pacific companies can implement sophisticated supply chain management solutions quickly and effectively via cloud computing, creating visibility to generate logistics business intelligence data.
The overall contract logistics market grew by approximately 3.9 percent in real terms in 2016, according to TI's Global Contract Logistics 2017 report.
India and Southeast Asian countries–Thailand, Singapore, Malaysia, Indonesia and Taiwan– represent an attractive region for many companies looking to expand and build their global customer bases.