In a recent piece for Yahoo Finance, Deborah Weitzman shed light on an emerging trend among European retailers: they're stocking up on Christmas inventory earlier than ever. Why? Two key reasons.
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This year has seen a significant increase in global conflicts, notably the war between Russia and Ukraine and ongoing tensions in the Middle East. While the human toll and geopolitical implications are often discussed, one critical aspect that is frequently overlooked is the impact on marine insurance for cargo containers.
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Importing goods into the United States can be a complex process, and any missteps can lead to significant delays and unexpected expenses. To ensure a smooth and efficient import experience, it’s crucial to understand and comply with key regulations. Here are some essential tips to help you avoid costly mistakes and navigate the import process successfully.
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More than three years have passed since the expiration of the Generalized System of Preferences (GSP), America's foremost trade preference program. Since its inception in 1974, the GSP has granted duty-free treatment to export specific products from developing nations into the United States. Now, the halls of Congress are once again buzzing with discussions about its revival.
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Last month, on Tuesday, March 26th, a cargo ship leaving the Port of Baltimore struck the Francis Scott Key Bridge, causing it to collapse. This incident took place in the middle of the night, drastically reducing casualties, but unfortunately, six road crew workers lost their lives in this accident.
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Chinese/American tensions are back on the rise as we continue down a path of bullish global relations. These heightened tensions are continuing to affect the global supply chain and the environment of international trade.
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Recently, our international partners received an official notice from Israeli international cargo shipping company, ZIM, indicating an extra surcharge of $240 per 20’, $300 per 40’ DV/HC/RF/RH, and $380 per 45’ as the new standard for PCA charges (Panama Canal Adjustment Factor), effective January 1st, 2024.
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Interesting news coming out from California this month as regulators unanimously vote to ban new diesel big rigs by 2036 and mandate all trucks to be zero-emission by 2042 in the state. With much resentment from the automobile and shipping industries, this new regulation will be implemented in the not-so-distant future.
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With the year coming to an end, budgets and finances are at the forefront of everyone’s minds. And, for those in the importing and exporting industries, there is a very good reason to keep them there. We’re talking about the controversial Port of Los Angeles and Port of Long Beach container excess charges.
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Before you get your next big shipment underway, take some time to make sure that you understand the benefits of transloading. Check out our article to learn more about the benefits. If you still have any questions or need a hand with your translating needs, don’t hesitate to reach out.
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You’ll never be free of duties and taxes in this business, but there are certain opportunities you should be aware of that can help you to reign your costs in. Chief among these is the Foreign-Trade zone. Basically, FTZs are the United States version of the free-trade zones commonly found in other parts of the world. Learn more now.
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It seems like the idea of a truck driver shortage has always been with us. Today, however, the topic is hotter than ever. There’s some good news buried among some very misleading information out there, though. In fact, many experts argue that there isn’t actually a truck driver shortage at all. So, nothing to worry about then? Not exactly.
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Covid-19 Was Hard on Everyone. It’s up to us to apply the lessons we’ve learned. Read our latest article to learn more about what happened with pharmaceutical and PPE distribution during the pandemic - and what needs to change to prepare better for the future.
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GLOBAL PROBLEM: Forced Labor In the Supply Chain. We all need to fight back against modern slavery in our supply chains. There is no overnight solution — but there is hope. Read this blog post to learn more about this issue — and what you can do to prevent exploitation in your supply chains.
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In this article, we’re going to cover what container imbalance fees and charges are, why they’re currently such an issue, and our #1 tip for keeping those fees to a minimum. Until then, situations like our current global imbalance will continue to cause ripples throughout the industry.
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Following the blockage and subsequent reopening of the Suez Canal in Egypt, one thing is clear. All it takes is one ship and some serious wind to cause unimaginable supply chain disruptions. Learn more about how you can prepare now for the next disruption.
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Does your cargo have the insurance that it needs for protection against the unforeseen? If not, you should seriously consider Cargo Marine Insurance. Read on to learn more about the benefits of marine cargo insurance.
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The supply chain is an immensely complex entity. One of the most important links in any supply chain is warehouse management. Learn more about the different warehousing solutions available to you.
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Britain and the EU have arrived at a trade deal. Some headaches have been avoided, but uncertainty has not been wiped clean just yet. Learn more about Brexit and what this trade deal means in our latest blog post.
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Increasing supply chain visibility is vital—and complex. Learn the steps to create a transparent supply chain.
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