Latest posts about Global Trade
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Ask an Expert: The Benefits of Manufacturing in Malaysia
April 19, 2024
Supplyframe CMO Richard Barnett discusses countries moving away from China for manufacturing and why Malaysia is a great alternative.
Ranking the Best Countries for Private Business in EMEA
April 11, 2024
PwC released its annual Business Attractiveness Index for EMEA with Switzerland taking first place and the UK slipping to sixth.
Supply Chain Stability Index: “Tremendous Improvement” in 2023
April 10, 2024
The stability of the supply chain has improved greatly in the past year, despite ongoing challenges and geopolitical tensions.
Descartes announces acquisition of OCR Services Inc.
April 3, 2024
The acquisition train keeps rolling on for Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings. The company recently announced it has acquired Rockville, Md.-based OCR Services Inc, a provider of global trade compliance solutions and content, for roughly $90 million. This represents the 30th acquisition Descartes has made going back to 2015.
February and year-to-date U.S. import growth is solid, reports S&P Global Market Intelligence
March 25, 2024
February imports, at 2.44 million TEU (Twenty-Foot Equivalent Units) increased 21% compared to February 2023. And when taking into account the timing of the Lunar New Year, coupled with the impact of ongoing Red Sea and Panama Canal disruptions, the firm explained that U.S.-bound imports over the first two months of 2024, at 5.04 million TEU, posted a 14% annual increase over 2023’s 4.40 million TEU, with 2022 and 2021, at 5.21 million TEU and 5.09 million TEU, respectively.
Container Shipping Market Facing Major Challenge
March 18, 2024
Global container shipping faces overcapacity, driving rates to unsustainable lows and prompting cost-cutting measures.
S&P Global Market Intelligence data signals solid U.S.-bound imports in January
February 15, 2024
January imports, at 2.59 million TEU (Twenty-Foot Equivalent Units) rose 9% annually, representing the third consecutive month of annual growth coming in at 9%.
6 Reasons Supply Chain Managers are Choosing India Over China for Trade
February 12, 2024
A new survey found U.S. C-Suite executives are over three times more likely to choose India over China for their future supply chain needs.
Navigating shifting trade policies
February 1, 2024
Our foreign trade specialist shares ways in which U.S. Foreign-Trade Zones serve as economic development tools and often mitigate changes in Customs and trade regulations—critical insight that every shipper should understand to remain globally competitive in 2024.
The Global Issue: Crisis mode lingers
February 1, 2024
The motion-blurred image of a carousel that graced the cover of the January Freight Rate Outlook issue of Logistics Management (LM) could easily be reprised for our Global Issue this month. The idea of static elements going round and round in what feels like an endless cycle could be the illustration that best summarizes our current global environment as well.
In Transit: Building a Successful Nearshoring Strategy to Run Resilient Sourcing Operations
January 29, 2024
In this episode, Kerim Kfuri, the founder and president of The Atlas Network, joined In Transit host Vishnu Rajamanickam to discuss the complexities and emerging trends in nearshoring amidst geopolitical shifts and scenario changes.
Retailers Pivot Supply Chain Strategy, Seek Red Sea Alternatives
January 16, 2024
As Houthi attacks continue in the Red Sea, retailers are scrambling to find alternative methods for moving their inventory, including exploring more air freight options and boosting inventory.
U.S.-bound imports see gains in December and are down for all of 2023, reports S&P Global Market Intelligence
January 16, 2024
December imports, at 2.2 million TEU (Twenty-Foot Equivalent Units), increased 9% in December, matching November’s annual percentage gain. For all of calendar year 2023, S&P reported that imports fell 8.5%, to 28.9 million TEU, while the fourth quarter posted an 8% annual improvement.
West Coast Ports Could Benefit from Global Trade Disruptions
January 15, 2024
While shifting Asian cargo from East Coast to West Coast U.S. ports adds time and cost, it is one option shippers have to counter continued risk in the Red Sea.
U.S. and England strike back against Houthi pirates as Red Sea situation continues
January 12, 2024
Earlier today, various media reports indicated that the United States and England have taken retaliatory measures against the Yemeni Houthi pirates for their ongoing series of attacks on the Red Sea shipping lane, in response to the ongoing Israel-Palestine conflict.