Challenge: A fragrance and flavor company wanted to create one foreign trade zone in which it could perform both distribution and manufacturing functions. Due to its many product formulations - and ingredients coming from both U.S. and international sources - tracking inventory was quite complex. Some incoming ingredients were never used in manufacturing and sold in their raw state.
Capital Business Credit LLC (CBC) is offering a Supplier Early Payment (SEP) program, to ensure the timely shipping of goods prior to Chinese New Year.
Containership reliability was broadly unchanged in November as the average on-time performance across all trades slipped by just 0.8 percentage points against October to 77.2 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.
The TransCore Link Logistics Canadian Freight Index fell behind in November, following its traditional drop this time of year, with volumes declining eight percent compared to October. While year-over-year volumes also dropped 28 percent, this is compared to historic highs set throughout 2014.
How would you like to spend substantial amounts of time and money on establishing an overseas supplier to manufacture your product - only to see that partner start competing against you with its own brand?
Iran's Islamic Republic of Iran Shipping Lines (IRISL) has announced plans to order new 18,000 TEU (Triple-E type) container vessels from Chinese yards, according to Iran's Press TV.
The latest news, analysis, trends and solutions regarding global trade management software and systems and their impact on supply chain management. New developments in global trade management software - which streamlines logistics and business processes related to cross-border trade - are transforming the way companies operate and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using global trade management solutions for supply chain optimization.
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