The report also found that global transportation costs have fallen below their long-term average thanks to lessening pressures on shipping, rail, air and road freight. 

Late payments also add to the financial pressures impacting suppliers, with 42% saying they expect to face increased borrowing costs over the next 12 months.

The Authorization would allow workers to withdraw their services from the company when permitted by the National Mediation Board.

The United States Commerce Department added five Chinese companies that deal with Russia to its “entity list” April 12.

The future of EDI involves migrating in the same direction as other business technologies — toward cloud-based interoperable networks.

A staggering 93% of chemical companies claim freight transportation and supply chain disruptions have affected them negatively.

Kearney’s “10th Annual Reshoring Index Report” showed 96% of CEOs are considering reshoring operations, have decided to reshore operations, or have already reshored operations in 2023.

While the G7 statement was not specifically directed at China, the group believes a high concentration of supply chains in any single country is undesirable.

Marking the end of a “soft first quarter,” the Port of Los Angeles processed 623,234 TEUs in March 2023, marking continued volume decline.

Ashley Craig, co-chair of the International Trade Group of Venable LLP, explains the content of a new communication from three government agencies, cracking down on violators of U.S. sanctions and export controls targeting Russia and Belarus.