Chinese President Xi Jinping pledged to further open the world's second-largest economy on Saturday, as leaders of Asia-Pacific countries gathered in Peru to find new free-trade options after Donald Trump was elected U.S. president on a protectionist platform.
From avocado orchards to border factories, Mexican exporters who have prospered under two decades of NAFTA face the prospect of an abrupt end to the boom if U.S. President-elect Donald Trump carries out his threats to ditch the free trade pact.
A survey conducted this month indicates that online shopping on Black Friday is expanding beyond the U.S. and gaining popularity in other developed countries, says One Hour Translation, which provides translation services to global e-commerce companies.
As a candidate, Donald Trump aimed some of his most blistering words at China, declaring that "we already have a trade war" and suggesting ominously that "we have the power over China, economic power." As president of the United States, Trump can use trade - a cornerstone of his populist rise - as a weapon, with the potential to drastically reshape the world's two largest economies, as well as the companies, industries and workers who depend on their hundreds of billions of dollars in closely linked goods. But neither side may win.
Supply chain managers are facing a new wave of impediments to the flow of goods across borders, said John Glen, economist for the Chartered Institute of Procurement & Supply, as the latest CIPS Risk Index continued to climb to levels not seen since 2013.
Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co Ltd, top shipping executives said.
Seaborne shipments passed 10 billion tons for the first time ever in 2015, up 2.1 percent from 9.8 billion tons the year before - the slowest pace of growth in the industry since 2009, according to the UNCTAD Review of Maritime Transport 2016. The report says future growth looks uncertain.
The members of the new Ocean Alliance, CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line, have announced their proposed "day one" trading network. The Alliance is the largest shipping alliance in the world, and the partners will operate 40 services on the East-West trades with around 100 ports of call and almost 500 port pairs.
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.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.