International trade routes are increasingly reliant on a small number of key ports, straits and roads that if disrupted will threaten global food supply, according to a report.
President Trump was standing on the banks of the Ohio River, and as barges loaded with West Virginia coal floated by, he noted that half the United States' steel is produced within 250 miles and told the crowd that soon "the steel folks are going to be very happy."
The maritime industry and broader ocean supply chain are suffering from major and costly inefficiencies due to ineffective data sharing and poor cross-industry collaboration, according to a report and industry survey by the Business Performance Innovation (BPI) Network.
As part of its operating philosophy, Siemens, the German conglomerate operating in more than 200 countries and regions, applies a yearly target range of 3 to 5 percent of productivity growth to each of its subsidiaries, to go along with certain cost objectives. Not unexpectedly, Siemens Brazil has had a tough time hitting those targets over the last three years or so.
The race is on to supply more of the cobalt needed for batteries in the fast-growing market for electric vehicles - and that means fresh competition for the big players Glencore Plc and the Democratic Republic of Congo.
Yes, we've seen some significant job losses in that area - but free-trade deals aren't the main reason. And American manufacturing output is stronger today than it has ever been, according to economists.
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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