The global supply chain has become extremely complex. Proctor and Gamble has more than 75,000 suppliers, while Walmart counts more than 100,000. With so many suppliers in the mix, companies are finding it extremely challenging to keep tabs on their shipping containers.
Christian Pedersen, head of ocean product and revenue management at Maersk, discusses the uncertainty created by trade tensions between the U.S. and its global partners.
The “IMO Scramble” isn’t the name of a new breakfast dish at a fast-food restaurant. It describes the plight of ocean carriers, who find themselves woefully unprepared for a new mandate on switching to cleaner-burning fuel.
President Trump wants to allow natural gas to be shipped in railroad cars, a move that would open new markets hungry for the fuel but could risk catastrophic accidents if one were to derail.
As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.
Challenge: A U.S. furniture importer with over 100 shipments per month from China experienced costly demurrage and delays due to untimely entry filings. Lengthy and complex invoices made it difficult to determine whether the goods — which included bed parts and other furniture components — should be classified as individual parts, complete beds or other complete furniture items. These time-consuming entries resulted in late filings, and the delays put the company at risk for chargebacks from big-box retailers.
The international shipping industry is wrestling with a spate of fires aboard vessels at sea in recent months that have cost companies and their customers hundreds of millions of dollars in damages.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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