The United States Customs and Border Protection (CBP) recently announced the broker permit user fees for fiscal year 2023. Broker permits are required to legally conduct business as a customs broker, which is an individual that facilitates the importation of goods into the US. The fees are meant to cover the cost of performing necessary […]
The pandemic-driven shipping surge is ending. As 2023 starts, the monthly import cargo volume has fallen to the 2 million TEU mark at container ports. The Global Port Tracker report predicts the number will remain low throughout spring. Jonathan Gold, the NRF vice president for supply chain and customs policy, stated, “Ports have been stretched […]
As 2023 dawns, China has lifted many of its COVID-19 regulations which have led to a surge in cases. The burgeoning cases are impacting manufacturing orders. Logistics managers are warning their clients that factories might not be able to complete orders. As it stands, order fulfillment has already started to plunge by 40%. Ocean bookings […]
If you have shopped recently then you have probably been shocked at the prices at the grocery store. In 2022, they have risen over 13 percent. Many things have led to the increase such as climate change, Covid-19, and livestock problems. Food companies are also taking advantage of the situation to increase prices which renders […]
Almost a third of logistics managers have shown concern over the return of trade to the West Coast after a labor deal is reached between the Warehouse Union and the International Longshore. In a CNBC report, they found that 18% of respondents were willing to only bring back 10% of diverted trade. An additional 12% […]
The US appears to finally be reining in the supply chain. Costs have started to fall which has brought a much-appreciated easing of inflation. After two years of rising costs post-Covid-19, the supply chain has encountered numerous problems. The high logistics costs were passed on to consumers, which quickly ran up prices to often unaffordable […]
Yes, many point to signs that the supply chain is showing improvement, but many warn that we might have to wait longer for any real or permanent change to take place. For two years, experts have been saying that we must show patience when it comes to supply chain problems, everything in business comes in […]
The top supply chain advisor to President Joe Biden has left the Whitehouse. Many say that the departure is occurring as the supply chain distribution problems appear to be easing substantially. The deputy director of the National Economic Council and deputy assistant to the president Sameera Fazili left on Friday. She had been tasked with […]
The Ukraine War, China lockdowns, and the COVID-19 pandemic all drove prices high due to supply chain woes. However, things have started to subside with global trade. Many seethat ocean shipping is no longer in crisis mode. Shipping backlogs have finallystarted to ease. In Germany, the shipping industry again seems to be under control and […]
Many believe that Apple is going to take its manufacturing out of China and move production to India and Vietnam while sourcing its chips from Arizona. The tech giant is a well-known trendsetter when it comes to fueling changes in the supply chain. If they should move their production then other companies are sure to […]
