Last year, many headlines were focused on supply chain challenges that were impacting retail and every other industry. The nation’s ports saw congestion on the water with vessels backed up, as well as on land with terminals full of both loaded and empty containers. There were difficulties with finding enough truckers, a shortage of chassis […]
Read MoreThe outlook for air cargo over the coming year remains mixed with several factors set to impact performance. Speaking at IATA’s World Cargo Symposium in Istanbul, IATA economist Bojun Wang predicted that air cargo demand was set to decline by 4% this year compared with 2022 levels. He said that this reflected the ongoing […]
Read MoreWhat retailers need to know about consumer interest in sustainability. Earth Day always brings additional attention to consumer interest in sustainability. Here are 10 consumer-focused sustainability research findings all retailers should know. Consumers care about sustainability Seventy-eight percent of consumers claim a sustainable lifestyle is important and 30% of consumers are more likely to purchase […]
Read MoreA press release by the International Longshore and Warehouse Union (ILWU) announced that a preliminary agreement had been reached with the Pacific Maritime Association (PMA) on some crucial matters. However, negotiations are still ongoing. In a brief statement, the ILWU said that talks would continue until a final agreement is reached. The PMA acknowledged the […]
Read MoreXeneta’s data reveals that Vietnam is rapidly emerging as a source of manufactured goods for the United States, effectively challenging China’s stronghold in the Trans-Pacific container trade. A variety of factors, including geopolitical tensions, reshoring, and changes in foreign investment flows, are reshaping global trade patterns. Container imports from Asia to the U.S. have increased […]
Read MoreThe Global Shippers Forum and forwarder group Fiata have created a Charter for Protection and Governance of Data in International Trade as part of efforts to improve data protection for online booking and trading. The charter sets out the minimum arrangements for data security and confidentiality that providers and operators of digital booking and trading […]
Read MoreChinese exporters displaying their products at the largest trade fair in the country have expressed concern that their businesses are being impacted by the weak global economy. Some have even frozen investments and reduced labor costs in response. The subdued mood at the Canton Fair in Guangzhou suggests that China’s unexpected surge in exports in […]
Read MoreCanton Fair: Exporters from China adopt a more assertive approach as they compete for foreign buyers. China’s Canton Fair, also known as the China Import and Export Fair, the country’s largest and oldest trade fair, has resumed in-person exhibitions after three years of being held online due to the pandemic. The fair, which began […]
Read MoreSoftware companies are looking at the latest AI technology as a way to make sense of vast stores of data, improve logistics decisions Logistics experts are trying to find out whether the latest development in artificial intelligence, a chatbot that has triggered a global race to refine the technology for work tasks, can tell them how […]
Read MoreThe slowdown in exports has China’s box depots facing a container pile-up. The latest report from Container xChange suggests that Chinese container depots are working at 90% utilization. “Oversupply makes it harder for the depots to move boxes. And because depots make money by moving these boxes, as opposed to storing them, the current circumstances […]
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