FourKites: Nearshoring Shifts Trade Lanes from China to Mexico
Nearshoring, driven by trade and political tensions with China, is gaining momentum as U.S. companies invest in minimizing supply chain disruption.
Italy Launches €1 Billion Sovereign Fund to Strengthen Critical Supply Chains
Italy has unveiled plans to establish a €1 billion sovereign fund to support strategic companies and enhance domestic production, aiming to strengthen key supply chains.
Container Shipping Industry Confronts Unprecedented Downturn in Long-Term Rates
The container shipping industry witnesses a record-breaking 27.5% decline in global long-term freight rates in May, marking the ninth consecutive month of rate drops, according to Xeneta's Shipping Index.
Companies Repatriating Production due to War, Economic Woes, and Social Media
As global supply chains face disruptions caused by factors like the Ukraine conflict and China's economic slowdown, a growing number of companies are opting to bring their production back home.
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.
Semiconductor manufacturing is still hindered by US supply chain issues
A recent report highlights the success of reshoring initiatives, leading companies to scramble to find manufacturing operations in the United States and Mexico.
Ocean Shipping Reverts to Pre-Pandemic Levels
Ocean shipping rates are returning to pre-pandemic levels as volumes decrease and new capacity comes online.
Chinese-Made Cranes at U.S. Ports Are Facing an Imminent Ban
U.S. Congressman Carlos Gimenez has introduced the "Port Crane Security & Inspection Act of 2023," a bill that aims to ban Chinese-manufactured cranes from being installed or used at U.S. ports.
Russian Logistics Firms Thrive on Emerging Routes
Adapting to changing dynamics and the departure of major logistics companies, the Russian shipping and transportation sector is finding opportunities for growth.
Growing Nearshoring Trend Intensifies Among US Companies
US companies are increasingly embracing nearshoring as a response to the pandemic and tightening sanctions.
CJ Logistics Inaugurates Starbucks' Biggest Distribution Hub in South Korea
CJ Logistics, South Korea's largest logistics company, has opened the country's largest Starbucks distribution center near Busan New Port.
U.S. Takes Measures to Safeguard Oil Tankers and Merchant Vessels in Iranian Maritime Zones
The U.S. government has expressed rising concerns over the safety of commercial ships, including oil tankers, navigating Iranian waters following a series of seizures by Iran
EU Targets Strengthening Supply Chains Against Cyber Threats
Under new EU regulations set to come into force in 2024, European transport and logistics firms, including airlines, airports, and shipping lines, will have to bolster their cybersecurity measures.
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.
ContainerPort Group has relocated to a new 8-acre terminal in South Carolina
ContainerPort Group has announced its relocation to a new eight-acre terminal in North Charleston, South Carolina.
The number of containers lost at sea significantly declined in 2022
The World Shipping Council (WSC) has reported a significant decline in the number of containers lost at sea in 2022, with only 661 containers lost compared to previous years.
Safeguarding Against Emerging Chinese Cyberattacks
Brian Gant, an assistant professor of cybersecurity at Maryville University, discusses the recent wave of cyberattacks originating from China, which have targeted various entities, including the U.S. government, businesses, and individuals.
New Shipping Restrictions Introduced by the Panama Canal Authority
In response to a severe drought plaguing the region, the Panama Canal Authority has recently enforced new shipping restrictions.
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.
Insights from a Texas Trucking Executive: Challenges and Delays in Cross-Border Operations
Delays in trade caused by increased inspections at the Texas-Mexico border crossings are considered a part of doing business for the state's trucking industry.