East Coast Braces for Potential Tropical Cyclone Threat and Rip Currents from Distant Hurricane
A tropical storm warning has been issued for parts of the East Coast, including North Carolina to Delaware, due to the approach of "Potential Tropical Cyclone Sixteen."
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.
Lotte Global Logistics and CoEvolution Forge Strategic Automation Partnership
South Korea's Lotte Global Logistics has entered into a strategic partnership with CoEvolution, a Chinese specialist in automated control platforms.
Panama Canal Limits Ineffectual in Halting Rate Slide as Shipping Lines Increase Capacity
Despite Panama Canal transit restrictions and efforts to curb capacity, carriers have been adding approximately 20% of incremental capacity on the Asia-US East Coast route since the end of August.
Europe Sets Course for Stringent Emissions Legislation Impacting Shipping Industry
Ships transporting goods in and out of the European Union will soon face significant emissions-related costs as they join the bloc's Emissions Trading System (ETS) starting in January 2024.
Germany Has Transformed From an Economic Powerhouse to a Downturn
Germany, known for its economic prowess, is currently facing a stark reversal of fortune.
US Detains $1.7 Billion in Shipments Under Forced Labor Law
One year after the enforcement of the Uyghur Forced Labor Prevention Act (UFLPA), a Kharon report reveals that approximately $1.7 billion worth of shipments destined for the United States have been detained.
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.
Supply Chain Shift from China to Southeast Asia Could Fuel Middle-Class Growth
Liew Chin Tong, Malaysia's deputy minister of investment, trade, and industry, believes that the diversification of supply chains away from China presents a significant opportunity for Southeast Asian countries.
Climate Change and Climate-Controlled Logistics: A Dangerous Feedback Loop
The cold chain, essential for preserving and transporting products like ice cream, is a major contributor to climate change due to its energy-intensive operations.
Advancing Toward a Zero-Carbon Shipping Future Amidst Climate Report Warnings for Ports
In the maritime shipping sector, climate change is a pressing concern, and recent developments reflect both hope and challenges.
The Geopolitics of Critical Mineral Supply Chains: Navigating Global Resource Dependencies
The growing importance of critical minerals for green energy, defense systems, and high-tech applications, coupled with supply chain vulnerabilities, is driving increased attention to diversify and secure these supply chains.
Automotive OEMs Boost Confidence in Supply Chain Resilience, but Sustainability Challenges Persist
According to a survey by Capgemini, automotive original equipment manufacturers (OEMs) are increasingly confident in addressing future supply chain disruptions.
Global Shift Toward Supply Chain Localization and Reshoring Gains Momentum
The global shift towards supply chain localization and reshoring is gaining momentum as geopolitical tensions, trade issues, energy security concerns, and the pandemic have exposed vulnerabilities in the global supply chain system.
China's Potential iPhone Ban Expansion Raises Concerns for Apple
China is reportedly planning to expand its ban on iPhones in sensitive departments to include government-backed agencies and state-owned companies, posing challenges for Apple in its largest foreign market and primary production base.
Canada Takes a Stand Against Forced Labor with New Supply Chain Ethics Act
On May 11, 2023, Canada passed the Fighting Against Forced Labor and Child Labor in Supply Chains Act, which requires Canadian businesses to demonstrate due diligence in minimizing the risks of forced and child labor in their supply chains.
Shippers Seek Long-Term, Low-Rate Air Freight Contracts as Capacity Grows
As air cargo demand stabilizes and capacity increases, shippers are now in a better position to negotiate air freight rates, with a focus on securing low-rate levels for longer periods.
Drought at Panama Canal Sparks Concerns Over Global Supply Chain Disruptions
Panama is experiencing one of its driest rainy seasons on record, leading to lower water levels at the Panama Canal and restrictions on vessel weights and daily traffic.
Chinese Electric Carmakers Forge Ahead Abroad, Triggering a Showdown with U.S. and European Auto Titans
Chinese electric car manufacturers are making a significant push into the European market, using platforms like the International Motor Show (IAA) in Munich, Germany, to showcase their presence and challenge established players like BMW and Ford in the realm of battery-powered vehicles.
Panama Canal's Prolonged Low Water Delays Could Impact U.S. Gulf and East Coast Ports for Up to 10 Months
The Panama Canal is grappling with the ramifications of a prolonged drought, resulting in low water levels and substantial vessel traffic congestion, which may persist for up to ten months, as reported by Athens-based shipbroker Intermodal.