Shipping Costs Soar: What's Going On?
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.
Navigating Geopolitical Challenges in Global Supply Chain Management
In a recent column in Supply Chain Management Review, a story surfaced about how a LAN transformer led to thousands of Audi, Bentley, and Porsche vehicles being stuck at U.S. ports, potentially breaching the U.S. Uyghur Forced Labor Prevention Act.
China's Manufacturing Dominance is Shifting Global Trade Dynamics
The global market is currently flooded with goods from Chinese factories, ranging from cars and appliances to computer chips and electronics.
Navigating Turbulence Among Challenges and Strategies in Container Shipping
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.
Tedros Ghebreyesus Warns of 'Disease X' and Urges Global Pandemic Treaty Amid Controversy
WHO Director-General Tedros Ghebreyesus is sounding the alarm bells about something called "Disease X."
Fossil Fuel Phase-Out Plans Remain Elusive After Global Climate Agreement
The recent U.N. agreement among nearly 200 countries to transition away from fossil fuels is being celebrated as a significant step in addressing climate change.
Geopolitical Uncertainty Dominates Concerns for Air Freight Industry in 2024
Geopolitical risks are seen as the primary concern for forwarders and the air freight industry in 2024, according to delegates at the ACE air freight forwarding event in Abu Dhabi.
’Dark' Ships Deceive Locations to Move Billions in Oil Globally
A growing number of ships are manipulating their reported locations for illicit activities, potentially involving goods worth billions of dollars.
There Is Soaring Growth in the Global Logistics Market
The Global Logistics Market is on a significant growth trajectory, with projections indicating a substantial increase in its size.
Germany Has Transformed From an Economic Powerhouse to a Downturn
Germany, known for its economic prowess, is currently facing a stark reversal of fortune.
China's Modernization Drive and Its Impact on Global Supply Chains
China's ongoing efforts to modernize its industrial system are expected to have a positive impact on global supply chains.
Geopolitical Tensions Prompt 35% of Importers to Reevaluate Supply Chains
A recent survey by the Institute of Directors (IoD) reveals that over a third of U.K. importers (35%) have been impacted by escalating geopolitical tensions, primarily related to China, prompting them to reassess their supply chains.
Revolutionizing Global Supply Chains: Insights from 'Breakthrough Supply Chains' Book
The book "Breakthrough Supply Chains" offers a practical and rigorous methodology to build resilient and cost-competitive 21st-century supply chains for international business.
Pertamina Signs Contracts Worth US$49.3M, Expanding to 26 International Routes
Pertamina International Shipping (PIS) achieved a major milestone by signing four business cooperation agreements with global players through its branch office, PIS Middle East (PIS ME), based in Dubai.
The Geopolitical Climate on the Microchip Supply Chain is Turbulent
The microchip industry plays a pivotal role in various key sectors of the global economy, from computing and telecommunications to military and healthcare.
Technology Can Be Leveraged to Optimize Efficiency and Combat Inflation in the Freight Industry
The freight industry is grappling with inflationary pressures, including labor cost increases and reduced consumer spending
The Expiration of the Black Sea Grain Deal
The expiration of the Black Sea grain deal, which allowed Ukraine to export grain via the Black Sea, is a significant development with implications for global food prices and the World Food Programme (WFP).
Mexico Surpasses China as Top US Trading Partner in Shift of Global Dynamics
Mexico has replaced China as the United States' primary trading partner, marking a significant change in the global economy.
How Nearshoring is Transforming the LTL Industry
Nearshoring, the practice of moving manufacturing operations closer to North America, is unlocking growth opportunities in the less-than-truckload (LTL) freight transportation industry.
Intel Expands Global Presence with Chip Production Facilities in Eastern Europe
Intel is investing $4.6 billion in a new assembly and testing facility in Poland and expanding its investment in a semiconductor fabrication plant in Germany, totaling approximately $33 billion.