Ford’s sales slid by 10% in October 2022 due to supply chain problems that caused delayed shipments. The auto giants reported sales for the month were almost 158,327 which was down from 176,000 reported in October of 2021. It was the second month of decline. Previously sales had held in the double digits despite semiconductor […]
Consumers are all too familiar with the impact of the supply chain on the prices of groceries at the market, but it’s also hitting the pharmaceutical industry hard. In 2021 the price of fludarabine, an older chemotherapy drug, was only $110 wholesale but this year, Areva Pharmaceuticals has increased the drug’s price to $2,736. Why […]
The Section 301 tariffs have had technical amendments to the Harmonized Tariff Schedule of the United States (HTSUS) in two exclusions under HTSUS 9903.88.67. Because of this, Customs and Border Protection (CBP) has made a guidance to aid in the understanding of said changes. The changes were made on October 14, 2022 by the Office […]
A rule has been declared by Customs and Border Protection (CBP) recently that Customs brokers are responsible for the classification of goods for others, like importers. The ruling was issued based on a 2017 request responding to Hampton Products International Corporation’s habit of providing tariff subheadings to customers, a disclaimer, and a potential risk to […]
Historic droughts have made it impossible for barges to float the Mississippi River. Currently, the Mighty Mississippi is so low that it is impassable. In the first week of October 2022, there are 150 vessels and 2,250 barges waiting to travel the Mississippi around Memphis and Vicksburg. The jams just continue with no solutions. The […]
With the holidays right around the corner, many people are already starting to think about ordering gifts. Retailers have been reassuring shoppers that they are flush with ample inventory. However, despite the reassurance, supply chain problems persist. Angeli Gianchandan, who is a professor of marketing at the Pompea College of Business at the University of […]
In response to Russia’s invasion attempts, the US Commerce Department’s Bureau of Industry and Security (BIS) responded to the Entity List for support by adding fifty seven entities in Russia and the Crimea region of Ukraine. “The Entity List specifies the license requirements that it imposes on each listed person. Those license requirements are independent […]
In 2021, many believed that surging consumer prices were due to the supply chain crisis. The government and investors all started to focus on what was going on with the global ports. They revealed widespread bottlenecks which is why the Federal Reserve Bank of New York created the Global Supply Chain Pressure Index (GSCPI). It […]
As crews scramble across Florida to repair the damage to the power grid caused by Hurricane Ian, many are concerned about supplies. Crews are faced with not only repairing the damage caused by the high winds and flooding but also obtaining the needed supplies to carry out the tasks. National Transformer Shortage Florida Power & […]
The 1st of October has come and gone, and that means the Food and Drug Administration’s (FDA) Food Facility Registration Renewal period has begun. Continuing through December 31, 2022, all food facilities in our clients’ supply chain must submit a renewal application or the products will be denied entry into the US. A Dun & […]
