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The Indian government is moving forward with plans to launch a new container shipping line named Bharat Container Line, signaling a significant development in the nation’s maritime strategy. The decision by Indias government is being welcomed as a needed step.
However, tariffs are generally dangerous especially when applied without any exceptions since it might hurt consumers or certain industries and must be used as a last resort only. The post Reciprocal Tariffs: A Quick Analysis appeared first on More Than Shipping.
In today’s fast-paced logistics industry, forwarders play a vital role. The logistics industry has a dynamic structure under the influence of many different factors. Post-Crisis Analysis and Learning After the crisis is over, forwarders should analyze the situation and decide what to do in the next crisis.
Fleet Overcapacity The container shipping industry has experienced significant growth in recent years, leading to an increase in vessel capacity. However, the economic slowdown has left many shipping companies with excess capacity, exacerbating the problem of overcapacity in the industry. Source: Clarksons, ING Research 3.
Government regulators, however, have not yet agreed on whether or not shipping alliances are against anti-monopoly/competition policies, after regulators receives many complaints from various parties. The post Global Logistics Market Analysis: 2022 Summer Edition appeared first on More Than Shipping.
in Industrial & Systems Engineering from Virginia Tech, an M.Eng. Pickett Research (PR) was established in 2020 to fill a void in the US Truckload Freight Marketplace for analysis, forecasting, and market guidance that is both objective and credible. He earned a B.S. in Logistics from MIT, and an MBA from Georgia Tech.
However, when the speech and the underlying fact sheet is studied more closely, it unfortunately contains a range of misconceptions about how the shipping industry works. However, given the high level of political attention, it must be assumed that there will be some political action taken regarding the supply chain and shipping industry.
.” In a recent video message to union members, shared during the September meeting, Dennis Daggett, executive vice president of the ILA and son of Harold Daggett, described automation as a “cancer” in the port industry. government will be able to afford a prolonged strike. However, with the guarantees that the U.S.
Beagen is often called on for her industry expertise by major media networks, including recent features on CNBC and FreightWaves. Consumer spending also received a bump from government money that was generously distributed during the first year of the pandemic. About Lauren Beagen . Learn More About Solving The Port Problem.
Meat Industry Losses: The U.S. meat industry reported losing approximately $85 million every week during the delays. These figures do not account for the broader impact on other industries like retail and food. According to Statista, the global container shipping industry’s operating profit from 2010-2020 was $37.5
government has announced that it is taking actions to reform the food supply chain. government aims to help. Delays in the food supply chain are a major problem facing the agricultural industry today. Government Plans to Reform the Food Supply Chain appeared first on More Than Shipping. Now, the U.S. Today, the U.S.
The supply chain industry has also been affected severely. There has been a massive drop in cargo volumes, congestion both on land and at sea, job losses etc, although ironically this is one of the industries that has and is helping to fight this pandemic by ensuring the movement of essential goods like medical supplies, food and PPE.
The logistics industry is taking on a different shape and approach every day. The change is constant, and changes in the logistics industry come from multiple directions. The logistics industry controls and contributes to the economy of any country as they bring in foreign currency.
The Relationship Between Tariffs and Freight Rates Protecting domestic industries is the main goal of tariffs and other customs duties, which are levied as taxes on imported goods. An understanding of the connection between these elements is crucial to understanding the wider economic constraints that consumers and businesses face.
Lack of Global Consensus Creating a comprehensive recognized green logistics strategy requires collaboration between governments, global organizations, and businesses, which all need to collaborate to reduce emissions and create more sustainability.
More than half of UK IT decision-makers across healthcare, education and government organisations received notification of an attack or vulnerability in their supply chain of software in the last twelve months. Worryingly, it took more than two in five of organisations more than a week to recover.
Many of us use them only when we are in a new place or lost, but geospatial information is transforming the transportation industry in many ways. Online maps have become one of the most evolving industries with the continuous development of digital maps and navigation systems. How Does GIS Help?
So, the Panama Canal Authority became the first government entity to charge shipping companies a fee depending on their ship’s emissions. The post The Effects of Climate Change on the Shipping Industry appeared first on More Than Shipping. The canal will classify the ships passing through by ranking them on how efficient they are. .”
So, I decided to not write about all the issues with the supply chain, but rather where those issues will take us as an industry from the corporate to individual level. So, how will the shipping industry look in 2-3 years from now? In the shipping industry, there are so many moving parts within so many different technology levels.
Widespread disruption to the worldwide supply chain was caused by the blast, which highlighted the significance of industrial safety procedures. Similar to numerous other incidents, this one emphasizes the necessity of striking a balance between industrial growth, safety, and environmental care.
As we approach the conclusion of 2023, the maritime shipping industry faces challenges that have impacted ocean carriers with declined profits and increased price-driven competition. However, here is my take in terms of what to expect for ocean shipping and in the broader shipping industry.
Using an AI tool, I had it look at the 10K's for the top 5 trucking companies and asked it to provide a SWOT analysis for the trucking industry. Experienced management teams: These companies have experienced management teams with a deep understanding of the trucking industry. NYSE: UPS) FedEx Corp. Hunt Transport Services Inc.
As discussed over the past eight months on More Than Shipping, support to reach a carbon neutral future for the shipping industry by the year 2050 has grown. Last week in London, Nigeria, Chile, and Vietnam were among countries calling for a net zero, or carbon neutral, goal for the shipping industry by the year 2050. New Developments.
A lot can happen throughout the year, but I have listed our biggest predictions for ocean shipping and the broader shipping industry in 2023 below. This is in parallel with overall expectations from other industries, as the status quo will be the same for many different sectors. Lower freight rates.
According to new reports and an analysis of market research, South Korea saw 16 new vessels ordered with a total of 820,000 tons. In September 2021, South Korea pledged to completely dominate main rival China, while also minimizing the Japanese shipbuilding industry. million tons. South Korea has a long history of shipbuilding.
This is important, as it defines the scope of work, payment terms, service level agreements and all the other bits that govern the logistics service. This is best achieved by open discussion and analysis of the activities and product volumes involved. Traditionally, the customer has often not been included in this process.
Sustainability has come onto the agenda of many businesses, with environmental, social, and governance (ESG) goals becoming major considerations. New industrial processes that reduce emissions can also lower the cost of energy. ESG reporting and analysis Data is one of the most important requirements of an ESG program.
Vehicle-to-Vehicle (V2V) communication systems are revolutionizing road safety, especially in the freight, trucking, and logistics industry. Processing and Analysis: Each vehicle processes received data to assess potential collision risks. Government incentives and public-private partnerships are necessary to accelerate adoption.
What will these developments mean for employment in the supply chain and logistics industry? ” Besides CH Robinson, the industry has shaken with Amazon layoffs and Fedex furlough decisions over the past two weeks. The new trends of downsizing in the supply chain and logistics industries have already started. in the U.S.,
Although we are unable to accurately predict the future, we are able to pinpoint some potential problems that the shipping industry may experience in the coming years based on current trends and difficulties. Also, automated and autonomous technologies have the potential to change the shipping industry and displace workers.
What does the industry expect from the latest OPEC+ move? Only time will tell what will actually happen in the market, but if history is any guide, the tanker industry is in for a rough few weeks and months. The post Tanker Industry Braces for Impact from Latest OPEC+ Production Cuts appeared first on More Than Shipping.
National fuel supplies , prioritised sovereign defence industries and national manufacturing capacity , economic resilience in an era of globalisation. They are truly national issues, and will never be solved by Defence, or any other arm of Government, independently. These contemporary, popularised, topics certainly give us pause.
in Industrial & Systems Engineering from Virginia Tech, an M.Eng. Pickett Research (PR) was established in 2020 to fill a void in the US Truckload Freight Marketplace for analysis, forecasting, and market guidance that is both objective and credible. He earned a B.S. in Logistics from MIT, and an MBA from Georgia Tech.
Now, another round of layoffs has arrived, impacting the logistics industry. The post Another Round of Layoffs Hits the Logistics Industry As Cheap Funding Disappears appeared first on More Than Shipping. Who is affected? Uber Freight Uber got into the logistics business during the Covid pandemic.
This begs the question: Even if the industry gets more truck drivers, just how much is enough to relieve the strain on trucking capacity? The answer is not simple and involves research and analysis across a number of factors. Analysis of employment data. for Q2 2021, relative to Q2 2018.
An industry with thin margins, historically, the shipping industry as a whole has come out on top throughout the pandemic, amid two years of stark economic changes and disruptions, and remains one of the industries thriving throughout 2022. As detailed in McCown’s analysis, container shipping rates were more than 2.8
This is a leading trade event for all sectors of the Seafood Industry. One of the most important topics being asked in the industry right now is “Where are we with the Department of Commerce implementing Anti-Dumping and Countervailing Duty from Ecuador, Indonesia, India, and Vietnam? government’s definition.
A new report assesses the importance of 37 materials to these industries and evaluates environmental, social and governance risks. One of the biggest obstacles to setting and implementing strategies for responsible sourcing is accessing reliable and current data and analysis, according to The Dragonfly Initiative CEO, Assheton Carter.
Interestingly enough, when it comes to the baby formula shortage of 2022, the root cause of the issue is actually the baby formula industry itself, and not shipping carriers. As a multi-billion dollar industry, the U.S. baby formula industry is only composed of four major players. government has got involved.
A unique and visionary strategy adopted by Saudi Arabia with 2030 vision where the country is diversifying the economy away from dependence on oil and gas, Saudi Arabia is investing in industries such as tourism, entertainment, renewable energy, and advanced manufacturing to create new sources of revenue.
In a statement, Secretary-General Kitack Lim said that based on industryanalysis , the numbers of seafarers requiring repatriation after finishing their contracts had declined – from a high of around 400,000 in September 2020 – to around 200,000 as of March 2021, with a similar number waiting to join ships.
The research is based on analysis of 9,500 companies in the UK, and used a CyberRisk score, a diagnostic tool which calculates risk using publicly available information and an analysis of a wide range of cyber security indicators. and hospitals and healthcare (53.4). Scores higher than 75 indicate an extreme risk of attack.
Use tools to automate root cause analysis and reduce dependency on manual reporting. Collaboration Across the Network Collaboration remains pivotal, particularly in industries like healthcare. Data Cleansing: Advanced tools improve data governance, a key challenge in AI adoption. Contact Trans Audit today.
government, through the Federal Maritime Commission, has designated a Chinese government-affiliated shipping carrier as a controlled carrier. During this update, it informed the public that the shipping company Hede (HONGKONG) International Shipping Limited was added as a Controller Carrier affiliated with the Chinese government.
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