The report "DHL Trade Growth Atlas" published by DPDHL Group and NYU Stern School of Business highlights ten major trends in global trade after the pandemic. It points out changes and opportunities in trade growth and supply chain configurations between emerging and developed economies, emphasizing the importance of open trade and international cooperation.
US Trade Representative Katherine Tai outlined the US's new trade strategy towards China, emphasizing US economic interests as the core. The strategy involves evaluating and enforcing the 'Phase One' trade agreement, and focusing on China's 'non-market' trade policies. This new approach aims to address trade challenges posed by China. However, the future direction of US-China trade relations remains uncertain.
Cargo shortage is a common problem in foreign trade and freight forwarding. This article provides a detailed interpretation of response strategies after a cargo shortage occurs, including how to remedy the situation, the responsibilities of the agent, obtaining pre-entry documents, the impact of container unloading and reallocation, and the handling of delayed voyages. The aim is to help readers effectively deal with cargo shortage issues and minimize losses. It covers practical solutions for managing the complexities arising from missing cargo in international shipments.
A brief shutdown of Oakland port terminals due to a union strike highlights the potential impact of labor disputes on supply chains. The article analyzes the causes and consequences of the strike, along with corporate strategies for mitigation. It emphasizes the importance of building more resilient supply chains and proactive risk management. Businesses should pay close attention to supply chain vulnerabilities and prepare for potential disruptions. The Oakland port strike serves as a reminder of the fragility of global trade and the need for robust contingency plans.
This article delves into the issue of “deadhead fees” in trucking, detailing the reasons for their occurrence and their impact on international trade. It offers practical strategies for avoiding deadhead fees, including advance planning, accurate information provision, selection of reliable carriers, and real-time cargo tracking. Furthermore, it outlines how to properly handle deadhead fees, helping businesses effectively control logistics costs and enhance competitiveness. By understanding and mitigating deadhead fees, companies can optimize their supply chains and improve overall profitability within the freight transportation sector.
The World Customs Organization (WCO) assessed the impact of the WCO-WACAM project's support to the Ghana Revenue Authority (GRA), revealing significant progress in stakeholder engagement, human resource management, and strategic management. The WCO will continue to deepen its cooperation with the GRA, assisting its modernization efforts and enhancing trade facilitation. This collaboration aims to contribute to Ghana's economic development by streamlining customs procedures and fostering a more efficient trading environment. The WCO remains committed to supporting the GRA in achieving its strategic goals.
Another blizzard in the US is disrupting cross-border logistics, causing flight delays and ground transportation disruptions. Cross-border e-commerce sellers should closely monitor weather and logistics information, set reasonable delivery times, optimize inventory management, and consider purchasing logistics insurance. In the long term, building a diversified supplier system, optimizing supply chain layout, strengthening risk management capabilities, and investing in supply chain digitalization are crucial for enhancing supply chain resilience. These measures will help mitigate the impact of future extreme weather events on international trade.
The logistics industry faces unprecedented challenges amidst economic fluctuations and policy adjustments. This paper analyzes the impact of Federal Reserve interest rate adjustments, trade frictions, and demand volatility on logistics. It proposes strategies such as digital transformation, diversified sourcing, flexible transportation, risk management, and strategic partnerships. The aim is to help logistics companies reshape supply chain resilience, find certainty in uncertainty, and achieve sustainable development. By proactively adapting to these changes, logistics businesses can navigate the complexities and emerge stronger in the long run.
The Port of Virginia experienced a 16% year-over-year decrease in container volume in August, although it remains 12% higher than in 2019. Port officials attribute this to a return to pre-pandemic norms, but also acknowledge the impact of a global economic slowdown, inflation, and geopolitical risks. Moving forward, the port needs to strengthen its infrastructure, optimize operational processes, and expand its diversified business to address challenges and maintain competitiveness. The port's performance reflects broader trends affecting global supply chains and trade.
In an interview, UPS Healthcare President Wes Wheeler discussed the impact of the pandemic on cold chain logistics, emphasizing the importance of flexibility, transparency, and integrity. He predicts continued growth in the cold chain market, driven by technological innovation. UPS Healthcare will continue to strengthen its cold chain infrastructure, provide more precise logistics services, and explore diversified trade routes to address global supply chain challenges. The company is focused on adapting to evolving demands and ensuring the safe and efficient delivery of temperature-sensitive healthcare products.
