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 […]
The COVID-19 pandemic changed the way the supply chain industry operates. Visibility of all manufacturing components and parts helped improve management and assist in streamlining the process. When problems remain invisible, they just grow larger. Manufacturers have started to examine siloed data to improve production and expand the bottom line. Artificial intelligence (AI) helps meet […]
Is 2023 going to be the year that the logistics sector returns to ‘normal’ which would be pre-pandemic norms? Many factors within the supply chain remain vulnerable to many external events such as the economy, inflation, fuel prices, and more. With so many external forces, predictions remain hard. Impact of a Recession on Logistics in […]
Since the COVID-19 pandemic, disruption and uncertainty have plagued the supply chain. A survey was carried out by Coupa Software (NASDAQ: COUP) who is a leader in Business Spend Management (BSM) that found that 82% of supply chain management forecast greater challenges throughout 2023. In 2022, four out of five organizations encountered a serious supply […]
On February 3rd, the Customs and Border Protection (CBP) extended the requirements for customs broker employees in the ACE Portal. They are giving customs brokers “additional time to comply with the requirements and allow for the implementation of technical fixes in ACE.” CBP announced: “All brokers will have until April 14, 2023, to satisfy the […]
