Firms Fortify Supply Chains Amid Pandemic Hurricane Risks

Firms Fortify Supply Chains Amid Pandemic Hurricane Risks

A joint report by Resilience360 and Riskpulse highlights the challenges facing supply chains under the dual crises of the COVID-19 pandemic and the storm season. The report predicts above-normal storm activity and analyzes the pandemic's impact on port operations. It recommends that businesses assess risks, develop contingency plans, optimize inventory management, and enhance information sharing to improve supply chain resilience. These strategies are crucial for navigating the complex and volatile environment created by these overlapping disruptions and ensuring business continuity.

CMA CGM Stonepeak Launch 10B Global Ports Venture

CMA CGM Stonepeak Launch 10B Global Ports Venture

CMA CGM and Stonepeak have partnered to establish “United Ports,” a joint venture valued at approximately $10 billion, focused on global terminal investment and operation. CMA CGM will contribute 10 terminal assets and manage operations, while Stonepeak will invest $2.4 billion, with potential for future investments. The transaction is expected to be completed in the second half of 2026. The new entity aims to leverage CMA CGM's operational expertise and Stonepeak's financial strength to expand and optimize port infrastructure worldwide.

02/05/2026 Logistics
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WTO Members Show Uneven Progress on Trade Facilitation Deal

WTO Members Show Uneven Progress on Trade Facilitation Deal

A joint proposal by Cuba, El Salvador, Honduras, Guatemala, and Mauritius emphasizes that the implementation of the Trade Facilitation Agreement (TFA) should consider the different levels of development among members. It suggests that developed countries immediately implement all provisions, while developing and least developed countries can postpone implementation based on their specific circumstances. This approach aims to ensure fairness and efficiency, promote global trade development, and build a more inclusive trading system. Recognizing varying capacities is crucial for successful and equitable TFA implementation.

WCO Boosts Global Trade with New Performance Metrics

WCO Boosts Global Trade with New Performance Metrics

The World Customs Organization has launched the second round of its Performance Measurement Mechanism, aiming to empower member customs administrations to improve strategic decision-making and overall effectiveness through a standardized assessment framework. This mechanism covers key areas such as trade facilitation, revenue collection, and security, promoting global customs modernization and contributing to trade facilitation and economic security. A call is made for active participation from all members to jointly build an efficient and secure global customs system. This initiative will help customs administrations enhance their performance and contribute to a safer and more prosperous global trade environment.

China-russia Collaboration on Arctic Route Development: The 'golden Passage' for Future Maritime Trade

China-russia Collaboration on Arctic Route Development: The 'golden Passage' for Future Maritime Trade

China and Russia have initiated cooperation on the Arctic shipping route, marking the first mention of this topic in a joint communiqué. As global warming progresses, the Arctic route is becoming increasingly viable, with the potential to significantly alter the global maritime trade landscape by 2030. This route is referred to as the 'golden waterway,' as it can shorten trade distances between China and Europe while reducing transportation costs. The two nations have also agreed on collaboration for the construction of Zarubino Port, enhancing future shipping support.

07/21/2025 Logistics
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WCO JICA Boost East Africa Customs Valuation for Trade Growth

WCO JICA Boost East Africa Customs Valuation for Trade Growth

The World Customs Organization (WCO) and Japan International Cooperation Agency (JICA) joint project held an advanced Customs Valuation trainer workshop in East Africa. The aim was to cultivate experienced trainers, develop practical training materials, and enhance customs valuation capabilities in East Africa, thereby promoting trade facilitation. Through case studies, expert guidance, and skills sharing, the workshop improved the professional level of customs officials and customs brokers, contributing to regional economic development. The initiative underscores the importance of skilled personnel in ensuring fair and efficient trade practices.

WCO EU Research Centre Boost Global Trade Security

WCO EU Research Centre Boost Global Trade Security

The Secretary General of the World Customs Organization met with the Director of the European Commission's Joint Research Centre to discuss cooperation in areas such as container monitoring, risk analysis, and combating counterfeit goods. Both parties plan to further deepen collaboration through technical meetings, jointly building a safer and more efficient global trade environment, protecting intellectual property and public safety. The discussions focused on leveraging technology and data sharing to enhance customs controls and improve the detection of illicit activities within the global supply chain.

US and China Cut Tariffs to Boost Ecommerce Trade

US and China Cut Tariffs to Boost Ecommerce Trade

The US and China released the 'Geneva Joint Statement on Economic and Trade', announcing significant mutual tariff reductions, bringing substantial benefits to cross-border e-commerce. Lower tariffs will reduce costs, enhance product competitiveness, and boost market confidence, creating new development opportunities for cross-border e-commerce sellers. Both sides will continue to uphold the concept of win-win cooperation and build a sustainable economic and trade relationship. This agreement is expected to foster increased trade volume and strengthen ties between the two nations.

01/04/2026 Logistics
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G7 Urges Customs Reform to Enhance Global Trade

G7 Urges Customs Reform to Enhance Global Trade

The G7 Trade Ministers' joint statement highlights new trends in global trade, emphasizing the crucial role of customs in enhancing supply chain resilience, regulating e-commerce, and addressing climate change. The World Customs Organization (WCO) actively responds, committing to strengthen cooperation with emerging economies and enhance customs capacity building to address modern business challenges and promote efficient, responsible global trade. This includes focusing on streamlined procedures, data sharing, and technology adoption to improve border management and facilitate legitimate trade flows while combating illicit activities.

Freight Forwarding Newcomer Seeks Answers on QA Platform

Freight Forwarding Newcomer Seeks Answers on QA Platform

This article uses the Q&A footprint of a freight forwarding novice, Hua Wangu, on the Jiyun Baodian platform as a clue to analyze the problems encountered and solutions obtained in her freight forwarding knowledge learning. It reveals the growth path of novices and emphasizes the importance of knowledge sharing in the development of the freight forwarding industry. The article calls for the joint construction of a more professional freight forwarding ecosystem, highlighting the value of collaborative learning and knowledge dissemination for newcomers entering the field.