🇮🇳 India is stepping up to the plate.
The National Logistics Policy, recently announced in India, has been making waves. The policy aims to boost the country’s trade sector, which makes up approximately 14% of India’s GDP. India’s Prime Minister Narendra Modi has stated that this is the country’s biggest plan to ease supply chains and that the government is dedicated to carrying out the policy smoothly.
Shipping a 40-foot container from Shanghai to New York now costs nearly $10,000, causing frustration among importers and talk of a market bubble.
A perfect storm in global trade is causing a major shipping container shortage, leading to unexpected spikes in ocean freight rates.
On Friday, trucks carrying humanitarian aid began delivering much-needed supplies to Gaza using a temporary pier built by the U.S.
The Republican-led U.S. House of Representatives passed the Israel Security Assistance Support Act on Thursday, pushing President Biden to send weapons to Israel more quickly.
Oil prices fluctuated within a tight range on Friday, as investors weighed mixed signals from the world's top oil consumers, China and the U.S. Brent crude slipped 13 cents to $83.75 per barrel, while West Texas Intermediate (WTI) fell 4 cents to $79.22.
Commerce Secretary Gina Raimondo emphasized that a potential Chinese invasion of Taiwan and the takeover of chip manufacturer TSMC would be catastrophic for the U.S. economy.
President Joe Biden is advocating for a significant increase in tariffs on Chinese steel and aluminum imports, proposing to triple the current rates.
After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.
Taiwan Semiconductor Manufacturing Company (TSMC) is making a significant move by bringing its most advanced technology to America, aligning with U.S. President Joe Biden’s goals for a secure tech supply chain.
China and Russia recently committed to maintaining stability in their industrial supply chains.
A massive 7.2-magnitude earthquake rocked Taiwan's eastern coast last Wednesday, causing not only tragic loss of life but also significant ripples in the semiconductor industry.
The U.S. is currently experiencing shortages of new weight loss drugs, including Zepbound and Wegovy, primarily due to soaring demand.
Transloading, a logistics strategy used to alleviate container backlog during the pandemic, is gaining traction once again as U.S. West Coast ports receive increased container volumes redirected from the East Coast.
The global market is currently flooded with goods from Chinese factories, ranging from cars and appliances to computer chips and electronics.
The container shipping industry is grappling with a surplus of capacity, leading to a drop in customer rates that Maersk CEO Vincent Clerc described as unsustainable during the company's annual shareholder meeting.
The Panama Canal, a vital artery for global trade, is facing a serious challenge as its water levels plummet to historic lows.
In the world of drug and vaccine development, long-tailed macaques are like gold, fetching prices of $50,000 or more in the US. But the journey from the Cambodian forests to the labs is anything but ethical or smooth.
The US's top trade official, Katherine Tai, suggested to the BBC that the sharp decline in trade with China might not be all bad news, hinting at potential benefits from diversification.
Vietnam's suddenly the cool kid on the block, with everyone wanting to hang out.
The freight and logistics sector continues to face mass layoffs, with recent announcements in California, Illinois, and Michigan.
Shares of UK logistics company Wincanton surged as a bidding war unfolded, sparked by a 26% higher offer from US rival GXO.
European Union countries hit a roadblock on Wednesday as they halted the progress of new regulations aimed at making large companies accountable for potential forced labor and environmental harm in their supply chains.
In recent years, American CEOs have been drawn to China's vast consumer market, but doing business there has become increasingly challenging and risky.
U.S. authorities are holding thousands of luxury cars from brands like Porsche, Bentley, and Audi due to a part that violates laws against importing goods made with forced labor in China.
The dry season in Panama is here, and it's causing some serious turmoil for trade through the Panama Canal.
Soon, soldiers could rely on advanced technology like artificial intelligence to predict when and how to deliver supplies to troops spread across vast areas.
The Food and Drug Administration has given Florida the green light to import medications from Canada - a move aimed at lowering drug prices in the United States.
In a recent incident in the Red Sea, U.S. helicopters successfully defended a Maersk container vessel from an attack by Iran-backed Houthi militants.
After a few intense days, the fire that blazed in the cargo hold of the Genius Star XI - a huge cargo ship hauling lithium-ion batteries from Vietnam to sunny San Diego - is finally out.
Argentina is gearing up to connect its Vaca Muerta shale play with the Punta Colorada port through a new pipeline, enabling supertankers to load crude oil.