The dispute between the U.S. and China is more than a question of tariffs, says René Buck, CEO of BCI Global. It involves complex matters of intellectual property and re-sourcing.
The trade standoff between the U.S. and China has yet to seriously impact the pharmaceutical and life sciences industries. But as neither side shows signs of backing down, and tariffs continue to be levied on virtually every segment, those sectors are preparing for a major supply-chain disruption.
Yet another chapter in the chaotic Brexit story has been written, with the scheduling of a general election in Britain on December 12, to determine the fate of Prime Minister Boris Johnson and his embattled government.
The decision about whether to keep manufacturing in China or seek other sources must take into account multiple factors, some of them less obvious than others, says Mark Baxa, president and CEO of FerniaCreek LLC.
Supply chains don't just need to be visible — they also need to be transparent. Alexis Bateman, director of MIT Sustainable Supply Chains, explains the difference.
Chinese officials are willing to start purchasing more U.S. agricultural products as part of the “phase one” trade deal, but it is not likely to reach the $40 billion to $50 billion touted by Trump.
Challenge: A fragrance and flavor company wanted to create a foreign trade zone (FTZ) in which it could perform both manufacturing and distribution functions. Due to its many product formulations — and ingredients coming from the U.S. and around the world — tracking inventory was complex. Some incoming ingredients also skipped manufacturing and were sold raw.
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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