With a tentative contract deal reached with East Coast and Gulf Coast dockworkers - though a key West Coast agreement remains unsettled - import cargo volume at the nation's major retail container ports is expected to increase 8.5 percent in February over the same month last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
International trade and cooperation has become a key driver of small business success, according to an in-depth and wide-ranging study by IHS and DHL Express.
Doing business in other countries means working within the cultural context. Chinese New Year, also known as the Lunar New Year or the Spring Festival, which started Feb. 10, is the most important of the traditional Chinese holidays.
The International Air Transport Association (IATA) identified four priorities to make air cargo more secure and urged stakeholders to move forward on the implementation of the Secure Freight principles. Secure Freight was initiated by IATA to promote global security standards in order to facilitate safe, secure and efficient operations of air cargo.
Supply-chain disruptions cut about 7 percent of a firm's shareholder value, according to research by Accenture cited in a recent World Economic Forum (WEF) report on supply-chain resiliency.
Global executives are increasingly concerned about the growing risks to their supply chains and costly negative impacts such as margin erosion and inability to keep up with demand, according to a report from Deloitte. Yet as they operate in this environment of escalating risk, an alarming 45 percent of surveyed executives say their supply chain risk management programs are only somewhat effective or not effective at all.
A discussion with Dinesh Dongre, vice president of strategy with Softeon, about how companies can shift their focus from cost reduction to growth, as a response to economic recovery.
Alibaba Group Holding Ltd., China's largest e-commerce company, plans to join with partners to build a logistics network across China that can support 10tr Yuan ($1.6tr) worth of transactions a year within the next decade.
Slowly and steadily, a handful of Indian aerospace companies are getting absorbed into the global supply chain of OEMs. For instance, in the opto-electronics segment, the new Samtel-Thales Avionics joint venture "plans to become the first electro-optic house in the country," said executive director Puneet Kaura. By 2015, the company intends to supply the infrared search and track system as standard equipment for the Dassault Rafale fighter for the Indian Air Force. Meanwhile, the Thales-Bharat Electronics surface radar joint venture is on track and will be fully operational by March, said Eric Lenseigne, Thales's country head for India. "Offsets at a later stage could be a possibility."