US Industrial Real Estate Surges on Ecommerce Demand in Q3

US Industrial Real Estate Surges on Ecommerce Demand in Q3

A JLL report reveals a boom in the US industrial real estate leasing market in Q3, driven by e-commerce and logistics. Leasing volume, new supply, pre-leasing rates, and rents all reached record highs. The pandemic accelerated e-commerce penetration, increasing demand for last-mile delivery. The market is expected to continue to thrive in 2021. Companies should seize opportunities and strategically position themselves. Investors should pay close attention to market dynamics to achieve long-term returns.

Oakland Port Shifts Focus As US Farm Exports Diversify From China

Oakland Port Shifts Focus As US Farm Exports Diversify From China

Despite ongoing US-China trade tensions, agricultural exports from the Port of Oakland have shown resilience. While the proportion of exports to China has decreased, growing demand from other Asian markets has driven overall export value upwards. US exporters are actively adjusting their strategies and diversifying their market footprint, reshaping the global trade landscape. This shift highlights the adaptability of the agricultural sector in navigating complex international trade dynamics and finding new avenues for growth beyond traditional markets.

Flexport Launches Platform 20 to Streamline Global Trade

Flexport Launches Platform 20 to Streamline Global Trade

Flexport launches Platform Experience 2.0, aiming to empower global trade by optimizing workflows, customizing freight priorities, and enhancing supplier collaboration. The new platform offers improved dashboards, advanced filtering, custom reference fields, and streamlined document processing, helping logistics teams manage their supply chains more effectively and maximize business impact. This update focuses on providing a more intuitive and efficient experience, enabling users to gain better visibility and control over their shipments and ultimately drive greater value from their logistics operations.

Uschina Trade War How Businesses Adapt to Tariffs

Uschina Trade War How Businesses Adapt to Tariffs

Dan Glazer, head of Flexport Capital, analyzes the negative impacts of tariffs on business operations amidst the US-China trade war. He explores how companies can address these challenges and achieve business growth through diversification, technological innovation, and expansion into emerging markets. In the face of trade frictions, businesses need to be flexible and adaptable to survive and thrive. They must proactively implement strategies to mitigate risks and capitalize on new opportunities arising from the evolving global trade landscape.

Albania Joins Kyoto Convention to Enhance Trade

Albania Joins Kyoto Convention to Enhance Trade

Albania's accession to the Revised Kyoto Convention brings the number of contracting parties to 86, further promoting global trade facilitation. The Convention aims to reduce trade costs and improve customs clearance efficiency by simplifying customs procedures, applying information technology, implementing risk management, and strengthening international cooperation. This provides new impetus for global economic development. The revised Kyoto Convention is a key instrument for harmonizing and simplifying customs procedures worldwide, contributing to a more efficient and predictable international trade environment.

China Russia Strengthen Ties with Connectivity Upgrades

China Russia Strengthen Ties with Connectivity Upgrades

Strengthened connectivity between China and Russia is evident across air, rail, land ports, and waterway transportation. This convenient transportation network not only promotes bilateral trade and people-to-people exchanges but also lays a solid foundation for deepening the strategic partnership. Moving forward, both countries should continue to strengthen infrastructure construction and improve connectivity levels, injecting new impetus into the sustained development of bilateral relations. This will enhance economic cooperation and facilitate greater cultural understanding between the two nations.

HS Committee Updates Global Trade Classification Rules

HS Committee Updates Global Trade Classification Rules

The World Customs Organization released the outcomes of the 52nd session of the Harmonized System Committee, including commodity classification decisions and amendments to the Explanatory Notes. Businesses should pay attention to the new regulations and adjust their declaration strategies to avoid trade frictions. Customs authorities will strengthen supervision to maintain trade order. The HS code system is constantly updated, requiring timely learning and mastery. Staying informed about these changes is crucial for smooth international trade operations and compliance.

Peru Upgrades Customs Lab to Safeguard Minerals Trade

Peru Upgrades Customs Lab to Safeguard Minerals Trade

A workshop held in Peru by the World Customs Organization aims to modernize the Peruvian Customs Laboratory. This initiative seeks to improve commodity classification accuracy, facilitate trade, and strengthen the protection of national mineral resources. Relocating and constructing a new laboratory, upgrading technology, and fostering international cooperation will drive efficiency improvements within Peruvian Customs. This modernization is expected to promote economic development and trade prosperity in Peru by ensuring proper classification and efficient processing of goods.

Djibouti Modernizes Customs Tariffs to Enhance African Trade

Djibouti Modernizes Customs Tariffs to Enhance African Trade

With support from the World Customs Organization and the European Union, Djibouti is updating its national tariff system to align with the international standard Harmonized System (HS). This initiative aims to enhance trade facilitation, increase fiscal revenue, improve international competitiveness, and promote sustainable development, ultimately positioning Djibouti as a new trade hub in Africa. The modernization of the tariff system is expected to streamline customs procedures and reduce trade barriers, contributing to economic growth and regional integration.

Norway Customs Adopts Digital Tools to Streamline Global Trade

Norway Customs Adopts Digital Tools to Streamline Global Trade

Norway's National Customs Day focused on the "Future of Customs," exploring opportunities and challenges presented by emerging technologies like digitalization, 3D printing, and e-commerce. Participants emphasized the need for customs to embrace change, strengthen international cooperation, and enhance intelligent capabilities to address the new global trade landscape. The discussions highlighted the importance of ensuring trade security and facilitation in this evolving environment. Adapting to these technological advancements is crucial for efficient and secure global trade operations.