Currently, the majority of companies do not use any technology to monitor their supply chain performance. The correct technology, enabling integration between solutions and data, is the key.

January also marked the sixth straight month of year-over-year gains for the Port of Los Angeles, surpassing January 2023’s totals by 18%.

Log-hub said that its 3D maps offering will provide users with increased efficiency and more strategic insights into how companies navigate global supply chain networks.

Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.

The Organization of Petroleum Exporting Countries and its allies pledged significant output curbs this quarter in a bid to avert a surplus and shore up global prices.

Between now and 2030, North American automakers have the potential to leverage new processes and practices to reduce their production costs while reimagining a traditional domestic industry

The agreement, which took effect in January, allows gas to be shipped via pipeline to Italy and then on to Germany, a spokesperson for Sonatrach said.

The $191 billion generated represents a three-year low in terms of farming and agricultural exports coming out of the U.S.

Mexico surpassed China as the U.S.’s top source of imports in 2023, for the first time in 20 years.

While the overall picture is mixed, some Chinese-linked vessels have to pay as little as 0.35% of their hull and machinery value to obtain insurance for transit.