Since the start of 2024, the wholesale cost of fuel delivered to northwest Europe has jumped by 12% to just over $116 a barrel.

How can 3PLs provide their clients with outsourced logistics support in an operating environment characterized by increasingly scarce labor, unexpected and often disruptive events, and information overload?

The Chinese auto industry is also trending down after carmakers were forced to delay the delivery of some vehicles due to a production issue with computing units made by Huawei.

Overall, the report found most executives are feeling optimistic about business. Less than 10% of respondents expected sales to decrease year-over-year. 

Despite the diversions, lots of tankers — many hauling Russian oil — continue to ferry barrels through the waterway. 

Over half of the survey participants said that they wanted India to fulfill their supply chain needs over the next five years, rather than China.

Criticism of the legislation included concerns that it would create burdensome bureaucratic processes and legal uncertainties.

Since January 15, Qatar has diverted at least six shipments destined for Europe around the Cape of Good Hope in southern Africa.

The impacts of tariff are both beneficial in the short run but could be counterproductive in the long run.

Two percent of the companies surveyed said they were selling off their business operations in China, while another 7% said they were considering a sell-off.