The World Customs Organization (WCO) Council Sessions focused on the recovery, transformation, and resilience of global trade in the post-pandemic era. Several resolutions were adopted, covering e-commerce, passenger flow management, cross-border vaccine transportation, and gender equality. The WCO is actively adapting to address challenges and embrace opportunities, aiming to build a more efficient, secure, and sustainable global trading system.
In collaboration with SECO, the WCO is enhancing stress management and psychological resilience among Bolivian customs officers through training programs. This initiative aims to equip them with the necessary skills to effectively cope with the challenges posed by the pandemic, ensuring they can maintain their well-being and continue performing their duties effectively under pressure. The training focuses on building coping mechanisms and fostering a positive mindset.
Multiple factors including the pandemic, geopolitics, and economics are causing volatile and high air freight rates for US imports. Imbalances in supply and demand, rising operating costs, tight capacity, and exchange rate fluctuations are all contributing to increased costs. High prices are expected to persist in the near future. Importers should also pay close attention to the US import customs clearance process to ensure compliance and efficiency.
In early 2022, facing the dual challenges of epidemic lockdowns and highway transportation disruptions, Dashun Logistics quickly adapted its plan. It switched from sea freight to rail transport, successfully delivering goods to a customer in Changchun. This case demonstrates Dashun Logistics' flexibility and customer-centric service philosophy during special periods, as well as its strong supply chain coordination capabilities. It provides valuable lessons for other logistics companies on how to maintain operations and fulfill commitments amidst unforeseen crises by proactively adapting to changing circumstances.
YouGov's 'Vietnam Media Outlook' report reveals that the pandemic has accelerated digital media consumption in Vietnam, with significant increases in social interaction and streaming usage. Generational differences exist in music and video consumption. Emerging formats such as radio, podcasts, and streaming are on the rise. Businesses need to pay attention to generational differences, embrace new channels, improve content quality and user experience, and strengthen social interaction.
Lara Maughan, Head of Worldwide Airport Slots at IATA, discusses the impact of airport slots on airline operations and the challenges of slot management during the pandemic. She emphasizes the importance of transparent and efficient slot allocation mechanisms for the recovery of the aviation industry. Balancing the need for airline flexibility with the optimal utilization of airport slot resources is highlighted as a key issue. The discussion underscores the complexities of managing airport capacity and ensuring fair access for airlines in a constantly evolving environment.
A YouGov report indicates that the pandemic has accelerated digital media consumption growth in Vietnam, with significant increases in social media engagement and streaming usage. Gen Z dominates music streaming, while Baby Boomers prefer video-on-demand. Radio, podcasts, and streaming video hold immense potential. Businesses need to pay attention to user differences, address the challenge of fake news, and seize market opportunities. The report highlights the evolving digital landscape and the need for tailored strategies to effectively reach diverse consumer segments in Vietnam.
Panjiva data reveals a continued decline in US import freight volume, impacted by both the pandemic and weakened demand. A significant drop in Chinese exports is a primary driver, accelerating supply chain diversification. It is recommended to strengthen international cooperation, reduce trade barriers, stabilize global trade, and promote digital transformation to mitigate these challenges and foster resilience in the global supply chain.
The pandemic accelerated e-commerce development, driving a surge in demand for logistics real estate. E-commerce models require significantly more warehouse space than traditional brick-and-mortar stores, prompting businesses to increase logistics investments. However, simply expanding warehouses is not a panacea; improving operational efficiency is crucial. Logistics real estate developers need to provide intelligent solutions to capitalize on this golden era of the industry.
A joint report by Resilience360 and Riskpulse highlights the significant challenges posed by the confluence of the pandemic and hurricane season on supply chains. The report emphasizes the need for businesses to conduct risk assessments and scenario planning, build visible, diversified, and resilient supply chains, and strengthen communication, collaboration, and technological enablement. These measures are crucial to withstand the dual pressures and ensure business continuity amidst these compounding disruptions.
