Maersk tailors logistics solutions for various industries, enhancing the efficiency of supply chain management for home appliances and electronics. With a robust multimodal network and control tower technology, companies can achieve efficient transportation and real-time information tracking, gaining a competitive edge.
The original bill of lading is a crucial document of title in international trade, issued by the shipping company to evidence the contract of carriage and ownership of goods at sea. The holder of the original bill of lading has control over the goods. While telex release bills of lading offer a slightly different functionality, a correct understanding and proper use of the original bill of lading is essential to protect the interests of both trading parties. It serves as a receipt for the goods, a contract of carriage, and a document of title.
The World Customs Organization launched the “Project to Facilitate and Coordinate Customs Controls on Cross-Border Transport of Critical COVID-19-Related Goods” to combat counterfeit vaccines and other illicit goods, ensuring the efficient flow of legitimate supplies. Funded by Japan Customs, the project strengthens customs supervision through multilateral collaboration and technological empowerment. It aims to build a global pandemic prevention and control barrier, safeguarding human health. This initiative promotes secure and efficient trade in essential goods during the COVID-19 crisis, fostering international cooperation to combat the pandemic.
This article provides a comprehensive guide to international logistics options. It recommends suitable transportation methods and channels for small and light items, medium-sized items, large/heavy goods, and sensitive goods, respectively. It also compares the prices and delivery times of different logistics methods. Furthermore, a 'things to avoid' section is included to help readers choose the most cost-effective logistics solution, ensuring the safe and efficient transportation of goods. The guide aims to empower businesses to navigate the complexities of international shipping and optimize their supply chain.
This article analyzes whether franchise fees should be included in the customs valuation of imported goods. According to the Customs Valuation Agreement, only fees related to the imported goods themselves should be included. Case studies suggest that if the imported goods do not inherently contain intellectual property, and the franchise fees primarily cover branding and operational systems, they should not be included in the customs valuation. Businesses need to conduct data analysis, clearly define the terms of the agreement, and seek professional advice to ensure accurate valuation and compliance.
Hutchison Port Holdings Group (HPH) recently announced that its total container throughput in Hong Kong has surpassed 200 million TEU, highlighting its industry-leading position. In the face of global economic challenges, HPH plans to invest $1.8 billion to enhance its equipment and operational standards. Although throughput data for Hong Kong's ports has fluctuated, the number of transshipment goods remains competitive. There is a need to accelerate terminal construction to meet the demands of super-sized cargo ships, ensuring the sustainable development of the industry.
The 2025 Next Generation Supply Chain Conference will focus on the food and beverage industry, bringing together leading companies like Dole and Diageo to discuss topics such as navigating regulatory changes, driving innovation and growth, and optimizing last-mile strategies. The conference will also cover consumer goods, life sciences, and logistics, providing companies with an excellent opportunity to understand industry trends, learn best practices, build networks, and discover innovative solutions. It's a must-attend event for professionals seeking to enhance their supply chain strategies.
The Singapore Air Cargo Day event highlighted digital transformation and safety risk management in the air cargo industry. Singapore Airlines received CEIV Fresh certification, and SAAA@Singapore was recognized as a CBTA Center of Excellence. Industry experts emphasized that digitalization, safety, cold chain management, and sustainability are crucial for the future of air cargo. The event underscored the importance of embracing technology while mitigating potential security threats to ensure efficient and reliable air freight operations. Focus was also given to maintaining the integrity of temperature-sensitive goods.
The delayed submission of the $85 billion merger between Union Pacific and Norfolk Southern has sent shockwaves through the industry. This merger aims to create a transcontinental railroad empire spanning the East and West coasts of the United States. However, it faces opposition from competitor BNSF and concerns from labor unions. The Surface Transportation Board's (STB) ultimate decision will determine the future landscape of the American railroad industry, impacting supply chains and competition. The outcome will significantly reshape how goods are transported across the nation.
The revision of the U.S. Hours of Service (HOS) regulations for truck drivers is a sensitive issue for the logistics industry. Safety advocates argue for shorter working hours to ensure safety, while transportation companies prefer maintaining the status quo for efficiency. The new rules impact truck drivers' schedules, transportation costs, and even the final price of goods. The future of HOS may involve more intelligent and personalized regulations, seeking a balance between safety and efficiency. This ongoing debate highlights the complexities of regulating a vital industry.
