Pandemic Risks Longterm Damage to Global Economic Growth

Pandemic Risks Longterm Damage to Global Economic Growth

An IHS Markit report indicates that the COVID-19 pandemic not only caused an economic recession but also poses a threat to long-term growth. The labor market, capital stock, and total factor productivity have all been negatively affected. Real GDP in developed economies is projected to be lower than pre-pandemic expectations by 2030. Accelerated digitalization may partially offset these adverse effects, but the overall long-term economic consequences remain significant and concerning.

01/26/2026 Logistics Industry Insights
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Freight Forwarding Challenges Damage Discrepancies Fees

Freight Forwarding Challenges Damage Discrepancies Fees

This article addresses common issues encountered by newcomers in freight forwarding, such as responsibility for container damage, discrepancies between bill of lading and customs declaration names, and EDI fees. It provides detailed analysis, solutions, and precautions to help beginners quickly grasp industry knowledge and enhance their professional skills. The guide aims to equip new freight forwarders with practical insights to navigate potential pitfalls and improve their operational efficiency, ensuring smoother and more successful transactions.

08/22/2025 Logistics Encyclopedia
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Standardized Packaging Cuts Damage in Crossborder Logistics

Standardized Packaging Cuts Damage in Crossborder Logistics

This article explores the significant role of standardized packaging in cross-border logistics. By implementing uniform sizes, standardized materials, and modular designs, standardized packaging creates a comprehensive protection system that reduces the risk of cargo damage while also providing cost-saving and efficiency-enhancing solutions. The article further analyzes key points, extended values, and implementation suggestions for different types of packaging, aiming to assist enterprises in optimizing processes and improving efficiency.

08/04/2025 Logistics Encyclopedia
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Freight Industry Urges Concealed Damage Insurance Adoption

Freight Industry Urges Concealed Damage Insurance Adoption

Hidden damage coverage provides protection for transported goods, addressing damage that may not be immediately detected during transit. As a crucial component of cargo transportation insurance, it aids businesses in mitigating potential losses and ensuring safe management of goods after delivery, making it an essential safeguard in modern trade.

08/05/2025 Logistics Encyclopedia
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China Clarifies Railway Freight Damage Compensation Rules

China Clarifies Railway Freight Damage Compensation Rules

This article provides a detailed interpretation of the compensation mechanisms for cargo damage and discrepancies in railway freight. It clarifies the boundaries of responsibility for railway transportation companies, compares compensation methods for insured and uninsured transportation, and introduces the compensation process for insured goods. The aim is to help consignors and consignees better understand their rights and protect their legitimate interests in the event of loss or damage during railway freight transport. This includes understanding the procedures and requirements for filing a claim and receiving appropriate compensation.

09/26/2025 Logistics Encyclopedia
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Comprehensive Guide to Handling Marine Cargo Damage

Comprehensive Guide to Handling Marine Cargo Damage

As a major mode of transportation in international trade, marine shipping often encounters cargo damage issues. This article explores approaches to handling cargo damage, including identifying the carrier's liability period, the claims process after purchasing insurance, the necessity of cargo damage inspections, and strategies for multiple claims. By analyzing specific cases, it emphasizes the importance of distinguishing legal relationships, determining liability, and the right of subrogation, aiming to provide guidance for managing cargo damage during marine transportation.

07/21/2025 Logistics Encyclopedia
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Practical Guide to Handling Marine Cargo Damage

Practical Guide to Handling Marine Cargo Damage

This article discusses key approaches to handling marine cargo damage, focusing on carrier liability, insurance applicability, inspection procedures, and claim strategies. By clarifying responsibilities, promptly notifying insurers, conducting effective inspections, and selecting appropriate claim paths, issues of cargo damage can be effectively addressed. Furthermore, case studies demonstrate how rights can be protected and compensation achieved in practical handling.

07/21/2025 Logistics Encyclopedia
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Proper Forklift Tire Care Prevents Costly Damage

Proper Forklift Tire Care Prevents Costly Damage

Forklift tires represent a significant portion of forklift maintenance costs. This paper delves into the selection, maintenance, and monitoring of forklift tires. It emphasizes the importance of choosing the correct tire type, controlling heat and wear, and establishing a comprehensive maintenance plan. The aim is to help businesses reduce tire maintenance costs and improve operational efficiency by optimizing tire management practices. Proper tire care directly impacts a company's bottom line and overall productivity.

01/26/2026 Logistics Encyclopedia
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Datadriven Guide to International Shipping Damage Claims

Datadriven Guide to International Shipping Damage Claims

When dealing with damaged international packages, preserving evidence is crucial. Contact the courier company and sender promptly, clearly state your claim, and track the compensation progress. This article, from a data analyst's perspective, provides a comprehensive strategy for protecting your rights. This includes documenting with images, communicating effectively, coordinating efforts, and mitigating risks. These strategies will help you maximize your chances of recovering your losses.

01/30/2026 Logistics Encyclopedia
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Key Timelines for International Air Freight Damage Claims

Key Timelines for International Air Freight Damage Claims

This article analyzes the time standards and processes for identifying lost items in international air freight. It introduces the regulations of different logistics providers, the criteria for determining lost goods, and the steps for filing lost item complaints. It aims to assist cross-border e-commerce sellers in clearly identifying and responding to potential lost item situations, thereby improving operational efficiency.

08/04/2025 Logistics Encyclopedia
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