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In this captivating article, we delve into the annals of history to explore the most important events that paved the way for the extraordinary development of logistics as we know it today. Their extensive network of ports, warehouses, and trading posts revolutionized maritime logistics.
The United Nations Conference on Trade and Development (UNCTD) said this regarding freight pricing: “Cargo volumes and demand for maritime transport services are usually the first to be hit by political, environmental and economic turmoil. Unfortunately, no short-term relief is in sight as volumes increase and bottlenecks persist.
For the differences between freight forwarders and NVOCCs, please read this article. There are multiple reasons for this, and to learn more read this great article by MTS Logistics Executive Vice President M. Things change easily and the logistics supply chain is still fragile and affected by unexpected events worldwide.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supply chain predicated on lowest-cost principles. But with a black-swan event, it just magnifies the risk.”. Sign up for virtual event updates here. ]. The maritime industry — 90% of world trade travels by sea — is notoriously manual.
For example, the New York Times is out with a new article on wind energy and how it can help shipping in the near future as climate change becomes a major focus. Additionally, wind turbines and related equipment can easily be damaged in tropical weather systems or certain weather events.
Our business development & leadership teams have been all over the world, attending major blockchain conferences and hosting a suite of events specific to shipping and logistics. Upcoming Events. Our events page provides a glimpse at where we’ve been recently, and where we’ll be the next few months. Conclusion.
Our business development & leadership teams have been all over the world, attending major blockchain conferences and hosting a suite of events specific to shipping and logistics. Upcoming Events. Our events page provides a glimpse at where we’ve been recently, and where we’ll be the next few months. Conclusion.
In some cases, bad weather or political events may delay product shipments. Maritime transport is essential to the world’s economy because more than 90% of the world’s trade is carried by sea. Or a container may arrive with excessive moisture, damaging the products inside. This lack of visibility is a costly handicap.
The newest addition to the scene, the WSJ’s Daily Logistics Report combs through the business and logistics articles published by the WSJ team, providing a daily email at 6am EST with key information. Yes it is niche and although some articles could only appeal to U.K. Senior Director, Content, at IHS Maritime & Trade.
In 2021, I wrote an article about climate change and its effects on logistic sector after Hurricane Ida hit Louisiana. When we face decreasing or increasing water levels, extraordinary natural events, and disasters, these connections can quickly break. Within two years, we haven’t seen significant changes.
When I first began planning this article, the most significant impacts of COVID-19 were primarily limited to Mainland China. Below are the statistics as provided by Seabury, and reported in a Flexport article in mid-April: Capacity from Europe to North America is down by 52%. Record Capacity Declines and Price Increases.
To further compound the issue, some costs are incurred only in the event of problems arising at the ports of loading or discharge and are impossible to foresee when booking a shipment. The maritime shipping leg the country of export to the country of import. The domestic transport in the country of import.
This initiative (to promote connectivity and cooperation amongst countries along land-based and maritime China-Europe routes, with benefits even spreading to other regions) is hot. IHS Identifies Top Five Trends in 2016 That Will Shape the Global Maritime Industry for the Coming Decade.
Related Articles. Reddy also highlighted the online forwarder Flexport, based in San Francisco, which said in April it had received a $100 million investment from the Chinese courier company SF Express. “Not all supply chain innovation directly touches the maritime space.
An excellent logistics plan with an excellent logistics partner combine to ensure resiliency against even the most unexpected events. In that article, we discussed how to prepare for a vessel accident, and many of the same lessons that we imparted there apply to this situation. A risk management strategy is no longer a luxury.
This article provides a possible explanation. Lars Jensen of Vespucci Maritime suggested to American Shipper that global demand for the beginning of 2021 is 4% higher than it was two years ago. Events such as the Suez Canal blockage and the closure of Yantian in China have not helped this situation.
Shipping industry stakeholders have faced many of these events, and they have changed the shipping industry irrevocably, for good. One event after another pushed the overall supply chain to its limits. As mentioned in my previous articles, ocean carriers have learnt to manage capacity very well by the means of blank sailings.
This article explores the different types of cargo insurance available, not their advantages and disadvantages depending on your circumstances. Land cargo insurance risks and events that occur on land. General average is a notion that had evolved from the maritime industry. Types of Cargo Insurance. General Average.
While it was a bit tough to jump right back into the swing of work, I saw an interesting article about workplace conditions when I got back. This event, observed in the U.S. This event, observed in the U.S. The National COSH also recognizes the impact these preventable events have on family members.
These are highly demanded containers in maritime traffic for fish and some delicate pharmaceutical products. Reefer Ventilated: Maritime containers with thermal insulation and / or special insulation products that, together with special motors, provide high ventilation inside the container. The post What is a reefer?
I wrote an article couple of years ago on whether India was becoming the new China and explored the opportunities and threats. There are many opportunities in the geopolitical landscape that have arisen over the last couple of years for India. Below are some of the latest developments that will benefit India over the long term.
It is about creating a planning process that is agile and flexible enough to integrate future events. The article further states that “Mr. According to the article, “Analysts reckon that the virus could lead to Apple shipping 5-10% fewer iPhones this quarter and could scupper its plans to ramp up production of its popular AirPods.”.
Magazine article) as a goliath looking to take on the entrenched "David" shipping industry. We hope you find the following information interesting and helpful. As a bonus, at the Imagine 2014 Magento e-commerce Conference, Malcolm Gladwell spoke about Malcolm McLean (just as he did in this Inc. Significance. Did You Know That …. Significance.
Paul Abbott is an expert logistician with more than 25 years working on articles for the supply chain space and more than four decades working as an award-winning journal. where he wrote daily articles about international and U.S. He has written articles for Bloomberg, The Network Effect, Supply Chain Management Review, and more. .
While having an open economy is a good thing, it does expose the country to greater volatility as the economy is influenced by global events and economies to a large extent. The controls are too many to list in this article, but summaries of what has been covered in the various notices appear below, together with access to those notices.
Analyzing and forecasting freight rate fluctuations, especially those impacted by significant events like the COVID-19 pandemic, is crucial to effectively manage market volatilities and reduce risks associated with unpredictable changes in shipping costs. If so, you might try leaning on some of the advice offered earlier in this article.
Transportation alone, encompassing air, rail, road and maritime, will account for a substantial portion of the projected work. Comment on this article. Thailand has come up with a multi-phased Transport System Development Strategy that stretches from 2017 through 2036.
The Australian company only started to hear of the problem when customers began contacting the company with support problems and complaints, believing the counterfeit products to be genuine articles. This can work before transit starts or if unexpected events force a change after. They can also detect if assets are in motion.
The New York Times published an article acknowledging that “veterans are working, but not in jobs that match their advanced training.” . The Transportation Worker Identification Card (TWIC) is “required by the Maritime Transportation Security Act for workers who need access to secure areas of the nation’s maritime facilities and vessels.”
Container Terminal: A location and facility at which containerised goods are stowed (inside shipping containers) while awaiting transportation by road, rail, or maritime vessel. European Article Numbering (EAN). Containerisation: The act of loading goods into a shipping container for transportation.
They may be pure chemicals, mixtures of substances, manufactured products or individual articles on their own. Often, dangerous cargo is packed close to the container doors, so it can be thrown out or swiftly discarded in the event of an emergency to save the other cargo. The classifications as shown in the chart below.
In the event that the merchandise is damaged or lost at any stage before reaching its final destination, the seller will not be able to deliver. In maritime transport, the buyer must import and dispatch the merchandise, which is why it will generally be kept in a warehouse or Customs terminal until these procedures have been completed.
Related Articles. California port drivers, warehouse workers strike. Action targets XPO Logistics and NFI Industries operations over a wide area of Southern California. House reps unveil federal port driver protection legislation. The Clean Ports Act and Port Drivers’ Bill of Rights were introduced in the U.S.
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California port drivers, warehouse workers strike.
The 4th of July is an eventful time of the year – both for the nation and for the economy. What’s covered in this article: 4th of July traditions and spending. While the event was held privately last year due to the pandemic, this year we will see people return to the event to watch in person. hot dogs and buns.
Original Article: 55 Supply Chain & Logistics Experts You Should Follow on Social. He’s a widely-published economist whose in-depth and event-driven research and analysis covers international trade policy, the global logistics industry, and industrial supply chains. . Chris Rogers. Twitter: @chrisghrogers. Chris Rogers.
provides relevant and pertinent information about the Ever Given, its arrest, the implications of the arrest, insurance and counter claims in this article originally published on their website. Additionally, Article 3 of the 1976 Convention exempts salvage or general average from limitation. Muthu Jagannath of NAU Pte Ltd.,
This event has direct existential and strategic consequences for Western militaries, but also requires them to be part of national economic responses. This article is an attempt to consider a few aspects of this ‘new world’. Problems crept up on a new generation of Western national security and military planners slowly. 1] Cowen, D.,
One of the most telling takeaways in the article was an observation that Chines government officials labeled its response to the U.S. Consider recent commentary from Ben Hackett , founder of maritime consultancy Hackett Associates in his firm’s Global Port Tracker report. into trade talks to ease the countries’ trade fictions.”.
But I will get into the details in a future article. The delays to maritime trade may prompt some retailers to switch to air freight, as companies that normally ship their goods by sea want to ensure faster delivery. While I was in New York, I had the opportunity to see the musical Six. That’s all for this week.
Kirk Claussen, port finance agent in the Office of Ports and Waterways at the US Maritime Administration (Marad). From a strategy perspective, OEMs are unwilling to make big investments on what could be a short-term event, with trade negotiations set to continue and the prospect of a new government in the US in a couple of years.
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