International Civil Aviation Organization should serve as the focal point for implementing global air cargo supply chain security standards, the Global Air Cargo Advisory Group (GACAG) says.
IATA says the global air cargo market shrank by 1.5 percent in 2012, a second successive year of decline following a 0.6 percent contraction in 2011. Freight capacity was almost unchanged, growing by 0.2 percent over the year, but the load factor was just 45.2 percent. But the industry is guardedly optimistic cargo will pick up.
The notion of a "chief procurement officer" isn't new. The U.S. Department of Housing and Urban Development has had one since 1998, and the title can be found in any number of other government agencies and branches of the military. Private companies have embraced it as well, although the position hasn't enjoyed a solid footing in most C-suites for more than a decade or so. Maybe it was the success of companies like Apple, with its mastery of supply management, that convinced top executives of the need to elevate procurement to the highest levels of the organization.
The past decade was extraordinary for Brazil. The country surpassed the $10,000 GDP per capita mark and became the world's sixth-largest economy. The most liquid Brazilian publicly traded companies created substantial value, yielding average annual total shareholder return"”stock price appreciation plus dividends"”of 19 percent from 2004 through 2011. These returns were largely the result of rapid revenue growth in most sectors of the Brazilian economy.
Despite a slight decline between 2009 and 2010, since 1999 the global land area farmed organically has expanded more than threefold to 37 million hectares, according to new research conducted by the Worldwatch Institute for its Vital Signs Online service.
Technology solutions and staff training top the list of initiatives that companies are using today to improve global shipping performance and reduce costs, according to the Global Trade Management Report from Tompkins Supply Chain Consortium.
For their global innovation strategies, many companies have long relied on their ability to assemble people with key capabilities and critical knowledge. They typically do this through co-location: bringing together designers, engineers, technologists, and other creative thinkers in a few innovation centers at home and in lead markets. The new products and services they create are then disseminated to markets across the world. But as the range of knowledge needed for global innovation becomes wider and more varied, co-location is no longer sufficient.
GT Nexus Inc. and TradeCard Inc. have announced a merger agreement that will create a single cloud-technology platform for global trade and supply-chain management.
Despite attempts by carriers to pull capacity from east-west trade routes, significantly weaker cargo volumes have limited the success of their attempts to lift freight rates for any sustainable periods, according to Drewry Maritime Research's latest Container Forecaster report.