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3 Short to Medium-Term Risks for the Supply Chain & Ocean Shipping

MTS Logistics

In addition to Covid, both upcoming Port of Los Angeles negotiations and increased government protectionism pose risks on top of ongoing issues. So far, the measures taken by the Chinese government have proven effective and helped keep Covid cases at the lowest levels in the world. China’s Zero-Covid Policy.

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The Definition of Transparency

Blue Grace Logistics

Many, if not all, companies are facing increasing pressure from governments, consumers, non-profit / activist groups, and stakeholders to provide more information about their supply chain. Of course, there are also operational benefits to be had by utilizing a highly visible supply chain.

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What Is Free or Freight on Board (FOB), and Why Should Shippers Understand This Term?

GlobalTranz

In the course of international trade, compliance with international trade laws and cultural differences can lead to confusion when interpreting contractual terms and obligations. Freight on board, also known as free on board, refers to a set of Incoterms that govern who owns and pays for a shipment when traveling overseas.

Freight 82
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Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI).

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Brokers Have Until Feb 6th to Contact the FMCSA & Influence Proposed Carrier Liability Insurance Increase

GlobalTranz

The frustrating feeling, that government regulators aren’t listening to you, is a common one within the freight industry. But, of course, inflation isn’t the only thing that’s changed since 1986. The current minimum level of carrier liability insurance per truck is $750,000. million if adjusted for inflation.

Study 90
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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

The US quality guru Joseph Moses Juran (born 1904 in Romania ) divides the supplier quality assurance process into nine steps: definition of the product’s quality requirements, evaluation of alternative suppliers. The definition of this metric is similar to the way it sounds. Cost of quality. This can be done in various ways.

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Explaining the 2021 EU VAT Changes

Ship Monk

We know — not the most exciting topic, but definitely an important one that affects all merchants doing business in the European Union. According to our investigations, the 2021 EU VAT changes attempt to accomplish the following: Simplify VAT through the consolidation of the tax collection process for both merchants and government bodies.