Beating Stormy Weather: Supply Chain Resiliency

Posted by Gary M. Barraco

Hurricane season is upon the Western Hemisphere, and 2017 looks to be a record-breaking year. Before Hurricane Irma barreled through Florida, where businesses, government agencies and residents were braced for the deluge, it leveled small islands in the Caribbean with high winds, leaving chaos in its wake. A few states over, the floodwaters of Hurricane Harvey may be receding but the price tag is rising to a multi-billion-dollar record. Unfortunately, ongoing disasters are not just attributable to hurricanes. In the western U.S. and Canada, wild fires continue to encroach upon civilization, spelling destruction for homes and businesses in their path. Mexico’s strongest earthquake in a century left dozens dead and buildings destroyed. 

The west isn’t alone in facing life-threatening weather conditions. Heavy monsoon rains paralyzed Mumbai, India's financial hub, flooding streets and disrupting land, air and road traffic. In the Pacific, Macau is suffering an economic loss of US$1.42 billion in the wake of Typhoon Hato, and the Hong Kong Observatory expects three more typhoons to sweep in over the coming weeks.

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Topics: Global Trade Management Software, Supplier Management, Transportation Management, Supply Chain Visibility, Production Management

Demurrage & Detention: The Cash Opportunity of Logistics

Posted by Chester Yavari

"Free time" is often viewed as a luxury that we as human beings look as a time of relaxation, however in the world of global trade it costs about $35 million dollars in demurrage and detention, which are completely avoidable and preventable fees. These fees result in delayed deliveries and payments, lost sales, and lack of product availability for organizations facing congested ports and poor data analytics to help avoid these fines.

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Topics: Rate Management, Contract & Rate Management, Transportation Management

Global Logistics - It's A Wonderful Life

Posted by Stephanie Miles

Logistics and supply chain managers are partly responsible for the unfairly low profile that their operations have in the overall corporate structure. 

We need to talk about supply chain management - and, more specifically, the role of logistics within the supply chain - in a way that honors the far-reaching effect of those activities throughout a company's operations. On the one hand, there is still a lack of awareness in the boardroom; not surprising when you consider how rare it is, even now, to find a C-level logistics or supply chain exec there. But global logistics and supply chain managers, also, are partly responsible for the unfairly low profile their operations maintain within the corporate structure. In short, they fail to recognize their roles in the broader context.

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Topics: Transportation Management, Global Trade Management, Supply Chain Visibility, Order and Shipment Visibility, Global Supply Chain

The Morning After-Shock: USFIA 28th Apparel Importers Trade and Transportation Conference

Posted by Gary M. Barraco

The world, our nation and especially the apparel industry was stymied by the results of the Presidential election, and now are starting to realize the changes that might come with the Trump Administration. But the opening speakers at the US Fashion Industry Association’s Annual Conference in New York City on November 9th, didn’t dwell on the negative. As a trade association, and body of people and organizations that represent the industry there was a lot of optimistic discussion and positive outlook. 

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Topics: Apparel, Transportation Management, Events

The Morning After: What the Future Holds for Trade Policy & the Global Fashion Industry

Posted by Nick Fabretti

Across the United States, most Americans are getting ready to cast their votes in one of the strangest elections in our country’s history.

With Election Day less than 2 weeks away, supply chain executives are beginning to analyze what the future will hold for trade policies, agreements and regulations. The largest piece of trade legislation, the Trans-Pacific Partnership (TPP), is still in play, but importers and exporters are wondering not solely if, but how the result of the election will affect their supply chain operations.

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Topics: Apparel, Transportation Management, Events

B2C E-Commerce Growth Fuels Need for Improved Postal Services

Posted by Nathan Pieri

Global business-to-consumer e-commerce is growing leaps and bounds. According to strategy and consulting firm, Accenture, global B2C cross-border e-commerce will balloon in size from $230 billion in 2014 to $1 trillion in 2020.The primary reasons for the booming growth include emerging markets where consumers often find it hard to access coveted products locally and are seeking the convenience of online shopping over brick-and mortar.

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Topics: Transportation Management, Global Trade Management

Video Series Chapter 4: Logistics

Posted by Joe Gabro

Continued from Chapter 3: Risk & Quality Management

Transporting goods internationally requires a carefully coordinated approach. Multiple hand-offs and responsibilities across borders and trading partners add both cost and complexity. If you don’t have the right processes in place (and the tools to support them), your bottom line will suffer.

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Topics: Rate Management, Contract & Rate Management, Transportation Management, Supply Chain Visibility

Hanjin Shipping Co. Upsets Global Trade

Posted by Mollie Leon

As the world's seventh largest shipping line by capacity, Hanjin Shipping Co. moves manufactured products and consumer good destined for retailers all over the world. They stopped taking new cargo and U.S. ports began turning away its ships after it filed for bankruptcy protection last Wednesday. U.S. shippers say they are bracing for harsh rate increases, leaving exporters scrambling to rebook, truck, reload and repack.

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Topics: Carrier Selection & Booking, Transportation Management

Solving the Global Transportation Puzzle: Strategies to Optimize Profits

Posted by Colleen Bush

Every U.S. organization involved with global transportation management is faced with what seems to be an ever-shifting puzzle of regulations, compliance hurdles, and carrier networks that are now stressed to balance capacity, costs and service.

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Topics: Rate Management, Contract & Rate Management, Transportation Management

What You Need to Know About SOLAS and the Container Weight Requirement

Posted by Colleen Bush

As you are well aware, the SOLAS container weight rule went into effect on July 1, 2016, with a transition period through October 1. This new requirement states that an accurate container weight must be provided prior to loading upon an ocean vessel.

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Topics: Import Management, Document Management, Export Management, Transportation Management