The Federal Reserve System, also known as the Fed, has recently unveiled a new tool for monitoring supply chain pressures in the U.S. economy. Called the Fed’s Supply Chain Pressure Gauge, this tool is designed to help policymakers better understand the challenges and risks facing supply chains in various industries. Supply chain disruptions have been […]
The Food and Drug Administration (FDA) recently announced that it will begin enforcing a new requirement for food facilities to provide a unique identification number called a DUNS number when registering with the agency. This new regulation will affect all domestic and foreign food facilities that manufacture, process, pack or hold food for human or […]
The supply chain is the backbone of any business, and the success of a company is highly dependent on how well it manages its supply chain. In recent times, there has been a lot of debate about whether a chain’s supply chain can be replaced. The answer to this question is not a simple yes […]
The Uyghur Forced Labor Prevention Act is a United States legislation aimed at preventing the use of forced labor in the Xinjiang region of China. The legislation was first introduced in the U.S. House of Representatives in 2019 and was passed by the House in September 2020. It was then introduced in the Senate and […]
On March 14-15, 2023, the U.S. Customs and Border Protection’s (CBP) Office of Trade will host the Forced Labor Technical Expo in Washington D.C. This event is aimed at increasing awareness and understanding of forced labor in global supply chains and highlighting the efforts being made by various organizations to combat it. Forced labor is […]
The Uyghur Forced Labor Prevention Act, signed into law in January 2021, prohibits the importation of goods produced using forced labor in China’s Xinjiang Uyghur Autonomous Region (XUAR) into the United States. The legislation aims to address the human rights abuses, including forced labor, that is allegedly taking place against Uyghur Muslims in the region. […]
With many economists projecting a recession in the near future, many logistics companies are starting to tighten their belts to figure out how to cut costs in 2023. In 2022, manufacturers were faced with numerous financial problems due to production disruptions and China’s COVID-19 resurgence. As 2023 starts, companies have started to plan their budgets […]
A shipping alliance between the world’s largest container lines had ended. This means there will be more opportunity, greater competition, and lower ocean shipping rates. Maersk and MSC announced that they no longer plan to continue their 2M alliance. The alliance is due to expire in 2025. A vessel-sharing agreement was first launched in 2015 […]
With lower demand in the spot market shippers are starting to find efficiencies. The conditions that were once fueled by the pandemic have started to wane. Soft economic conditions are forest for the first half of 2021 which might not be ideal for carriers but it is helping create a shipper’s market. The major carriers […]
As 2023 starts, supply chain CEOs are focused on making resiliency and efficiency the key components of their agenda in the new year. Globally, companies have made changes throughout the many supply chain networks in order to overcome the upheaval of the previous two years. They must try to foresee future problems coupled with potential […]
