Surge in Shipping Charter Rates Amidst Global Logistics Challenges
In recent times, the demand for ships has skyrocketed, pushing charter rates to unprecedented levels.
Yellen's Firm Stance on China's Industrial Capacity
U.S. Treasury Secretary Janet Yellen recently wrapped up a series of meetings in China, where she firmly addressed the issue of Chinese overproduction and its impact on global markets.
U.S. Aims to Strengthen Indo-Pacific Defense Cooperation
The U.S. is ramping up defense industrial cooperation with Indo-Pacific partners like Japan, India, and others to bolster supply chain resilience amid threats, particularly from China.
Climate-Induced Drought Disrupts Panama Canal, Sending Ripples Through Global Trade
Climate change is causing a major headache for global trade as an unprecedented drought in the Panama Canal disrupts container traffic.
Maersk Invests $500 Million in Southeast Asia's Supply Chain Expansion and Sustainability Initiatives
Maersk is investing over $500 million to expand its supply chain infrastructure in Southeast Asia to support the region's growth as a global production and consumption hub.
APEC Summit in San Francisco Put The City in a Global Spotlight
The Asia-Pacific Economic Cooperation (APEC) summit in San Francisco drew leaders and CEOs, including Chinese President Xi Jinping and President Joe Biden, showcasing the city to the world.
Report Reveals Tesla Depends on China for 39% of Battery Supply Chain
A recent analysis conducted by Nikkei Asia and Tokyo’s Fronteo has revealed that nearly 40% of the suppliers for materials used in Tesla's batteries are Chinese companies.
OPEC+ Sticks to Strategy, Saudi Arabia Extends Unilateral Oil Cut
OPEC+ decided to maintain its current production cut strategy after Saudi Arabia extended its unilateral cutback of 1 million barrels a day into September.
Impending Expiration of Ukraine Grain Deal
The United Nations-brokered Black Sea Grain Initiative, which has facilitated the safe export of 32 million metric tons of food from Ukraine, is set to expire on July 18.
Import Cargo Volume at US Ports Set to Peak in August, but Labor Disputes Pose Concerns for Retailers
The Global Port Tracker report indicates that import cargo volume at major container ports in the United States is expected to increase towards a peak in August.
U.S. Drops in Supply Chain Rankings Due to Child-Labor Violations
U.S. joins high-risk countries for ESG supply chain issues, according to a study by Elevate.
GXO Logistics has announced the launch of a multiyear expansion plan in Germany
GXO Logistics has unveiled a multiyear expansion plan in Germany, starting with the construction of a 387,000-square-foot warehouse in Dormagen, a key logistics market.
West Coast Ports Face Congestion as Labor Dispute Causes Ship Backlog, Risking Supply Chain Disruption
Labor fight at West Coast ports leads to ship congestion and rising commercial shipping prices, posing a risk of supply chain disruptions and potential shortages or higher prices.
Reshaping Supply Chains for the New Era of Global Trade
The decrease in strains on global supply chains earlier this year led some to believe that the disruptions caused by the pandemic were coming to an end, but experts argue that a return to normal doesn't mean a return to conventional supply chain practices.
Is the Middle East poised to become a manufacturing hub due to the energy transition?
A report by PwC-owned Stretegy& suggests that the Gulf Cooperation Council (GCC) countries could become manufacturing hubs and attract $300 billion in foreign direct investment (FDI) by leveraging their ambitious plans for green energy.
Conclusion in Sight: US and Indo-Pacific Trade Talks
After months of discussions and negotiations, the trade talks involving 14 countries are finally approaching an agreement regarding the crucial coordination of their supply chains.
India's expanding aerospace logistics industry brings hope to freight forwarders
Indian air freight forwarders are optimistic about the growing demand for aircraft-on-ground (AOG) and aero parts shipments as India's aerospace manufacturing sector expands.
North America is a Growing Attraction for Manufacturers Looking For Security
North America is increasingly becoming a preferred location for manufacturers seeking greater security and flexibility in their supply chain.
India's Strategy to Position Itself as a Supply Chain Option to China
India is encouraging companies looking to reduce their dependence on Chinese goods to source from its growing manufacturing sector, which it hopes will help make it a bigger player in global supply chains.
Relationship worsens between US & China, according to DHL global trade report
While it may not be “breaking” news to anyone, the DHL Global Connectedness Index 2022 is showing that the frayed ties between the two powerhouse nations only seem to be getting looser.